CBP Circular No. 896-82

October 8, 1982 CBP CIRCULAR NO. 896-82 Pursuant to Monetary Board Resolution No. 1701 dated September 17, 1982, as amended by Resolution No. 1855 dated October 8, 1982, the first paragraph of item "d" of Section 4326Q of Book IV of the Manual of Regulations for Banks and Other Financial Intermediaries is hereby amended to read as follows: "'Secured loan, borrowing, or credit accommodation' shall refer to any loan, discount, credit or advance, or portion thereof referred to in Sec. 4327Q which is secured by real estate mortgage; chattel mortgage on tangible assets; standby letters of credit issued by foreign banks excluding Philippine branches of foreign banks; assignment of or hold-out on deposit substitutes issued by the lending entity; cash margin deposits; assignment or pledge of government securities or readily marketable bonds and other high-grade debt securities except those issued by the lending entity; or guaranty deposits plus fifty percent (50%) of the book value of the leased property in the case of receivables arising from financial leases." (SGD.) JAIME C. LAYA Governor