Rediscounting banks will also be allowed to restructure with the BSP their outstanding rediscounted
loans of end-user borrowers who were affected by the typhoon, on a case-to-case basis.
Grant of a 60-day grace period to all rediscounting banks in the affected areas to settle the outstanding rediscounting obligations as of declaration date of a state of calamity with the BSP; and Allow banks to restructure with the BSP, on a case-to-case basis, the outstanding rediscounted
loans of borrowers affected by the El Nio phenomenon.
For all banks with rediscounted
loans, the BSP is also granting a 60-day reprieve to settle outstanding loans in affected areas.
Being a new bank, having a large share of assets in loans, and having a large share of loans rediscounted
decreases the expected time until the bank fails.
With regard to the establishment of a central bank, Warburg believed that American commercial paper would only become considered a "quick" asset if a safe proportion of those assets could be rediscounted
Although Reserve Banks rediscounted
only loans and securities that were eligible as defined by the Federal Reserve Act, Board officials argued that commercial banks should be forced to liquidate their speculative loans before being permitted to rediscount (or borrow against) eligible paper.
In London (and Berlin), by contrast, banks bought, sold, and rediscounted
bills and bankers' acceptances, and secondary markets in these instruments were deep and articulated.
He urged that the Federal Reserve Board not only approve this arrangement, but also permit the bills to be rediscounted
Establishment of an L10 million (US$750,000) fund in the National Bank for Agricultural Development (Banadesa) for rediscounted
credits granted by campesino groups; an L15 million (US$1.
The BSP would also allow rediscounting banks to restructure, on a case-by-case basis, the outstanding rediscounted
loans of El Nino-affected borrowers.
Among the BSP's temporary relief measures is also the granting of a 60-day grace period to settle the outstanding rediscounting obligations as of January 17 with the BSP of all rediscounting banks in the affected areas and allowing banks to restructure with the BSP, on a case-to-case basis, the outstanding rediscounted
loans of borrowers affected by the calamity.