Pursuant to Monetary Board Resolution No. 9 dated 07 January 2010, the provision of Item a, Subsection ( ) X269.6 of the Manual of Regulations for Banks, covering the guidelines on the Bangko Sentral ng Pilipinas (BSP) Rediscounting Facility is hereby amended as follows:

x x x


X 269.6 Rediscount/Lending Rates and Liquidated Damages. The rediscount rates for peso, dollar and yen loans shall be as follows:

a. Peso Rediscounts

Based on the applicable BSP overnight reverse repurchase (RRP) rate

x x x

Effectivity. This Circular shall take effect on 01 February 2010.

Adopted: 01 Feb. 2010

FOR THE MONETARY BOARD:

(SGD.) ARMANDO L. SURATOS
Officer-In-Charge