CBP Circular No. 1392-93
CBP Circular No. 1392-93 • Bangko Sentral ng Pilipinas • Circulars • May 20, 1993
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May 20, 1993 CBP CIRCULAR NO. 1392-93 The Monetary Board, in its Resolution No. 115 dated February 15, 1993, approved that CB Circular No. 1234 be amended to read as follows: "Banks may enter into without recourse transactions involving commercial papers of any maturities provided that these commercial papers are registered with the Securities and Exchange Commission (SEC), However, unregistered commercial papers may be sold, discounted, assigned, negotiated by banks to other financial intermediaries with quasi-banking functions . LLjur This Circular shall take effect immediately. (SGD.) ANDRE NAVATO Officer-in-Charge
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