The Monetary Board will now allow trust entities (TEs) to purchase Bangko Sentral ng Pilipinas (BSP) securities through unit investment trust funds (UITFs) with minimal non-resident funds.
THE Monetary Board will now allow trust entities to purchase Bangko Sentral ng Pilipinas securities through unit investment trust funds with minimal non-resident funds.
“Expanding the coverage of participants in the secondary market trading of BSP Securities enhances the BSP’s capability to absorb liquidity and helps transform the BSP Securities as a primary tool for liquidity management,” BSP said in a statement. With this, the BSP said it will closely monitor the sources of funds placed by trust entities in the BSP’s facilities through periodic supervisory reporting requirements.
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