"Other credits" are special credit instruments not otherwise rediscountable
under commercial and production credits, such as but not limited to microfinance, housing loans, services, agricultural loans with long gestation period.
The goal was to promote an alternative to the call loan market that would deal in rediscountable
short-term paper for New York City banks to use as an asset for reserve management.
promissory note allows a farmer to receive the amount of money due to him as from 15 February 1994 for maize delivered up to the end of October 1993.
Beyond the small stock of rediscountable treasury bills, the banks therefore found themselves, from the turn of 1928-29, in more or less perpetual negotiation with the Reich about the terms on which they would take over a rising stock of non-rediscountable treasury certificates.
But the more permanent difficulty lay in the opposite direction--in the banks' lack of rediscountable paper.
Last month, the BSP scrapped the P3-billion limit per bank on rediscountable
National Food Authority (NFA) papers but still subject to the single borrower rule (SBL).
The Bangko Sentral ng Pilipinas (BSP) has removed the P3-billion cap per bank on rediscountable
National Food Authority (NFA) debt papers but still subject to the single borrower rule (SBL).