{"id":132896,"date":"2017-11-21T02:48:09","date_gmt":"2017-11-21T07:48:09","guid":{"rendered":"https:\/\/canadianinquirer.net\/v1\/?p=132896"},"modified":"2025-01-20T18:30:15","modified_gmt":"2025-01-20T23:30:15","slug":"repo-market-launch-set-on-nov-27","status":"publish","type":"post","link":"https:\/\/canadianinquirer.net\/v1\/2017\/11\/21\/repo-market-launch-set-on-nov-27\/","title":{"rendered":"Repo market launch set on Nov. 27"},"content":{"rendered":"<figure id=\"attachment_127595\" aria-describedby=\"caption-attachment-127595\" style=\"width: 514px\" class=\"wp-caption alignnone\"><a href=\"https:\/\/canadianinquirer.net\/v1\/wp-content\/uploads\/2017\/10\/BSP_Governor_Nestor_Espenilla_Jr-1.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-127595\" src=\"https:\/\/canadianinquirer.net\/v1\/wp-content\/uploads\/2017\/10\/BSP_Governor_Nestor_Espenilla_Jr-1.jpg\" alt=\"Bangko Sentral ng Pilipinas (BSP) Governor Nestor Espenilla Jr. is open to any initiative that will liberalize the domestic telecommunication sector to further improve delivery of financial services in the country. (Photo By Bangko Sentral ng Pilipinas, CC BY-SA 4.0)\" width=\"514\" height=\"515\" srcset=\"https:\/\/canadianinquirer.net\/v1\/wp-content\/uploads\/2017\/10\/BSP_Governor_Nestor_Espenilla_Jr-1.jpg 514w, https:\/\/canadianinquirer.net\/v1\/wp-content\/uploads\/2017\/10\/BSP_Governor_Nestor_Espenilla_Jr-1-150x150.jpg 150w, https:\/\/canadianinquirer.net\/v1\/wp-content\/uploads\/2017\/10\/BSP_Governor_Nestor_Espenilla_Jr-1-300x300.jpg 300w\" sizes=\"auto, (max-width: 514px) 100vw, 514px\" \/><\/a><figcaption id=\"caption-attachment-127595\" class=\"wp-caption-text\">FILE: Nestor Espenilla Jr. (<a href=\"https:\/\/commons.wikimedia.org\/w\/index.php?curid=61344400\">Photo By Bangko Sentral ng Pilipinas, CC BY-SA 4.0<\/a>)<\/figcaption><\/figure>\n<p>MANILA &#8212; The Securities and Exchange Commission (SEC) has approved the self-regulatory organization (SRO) for the planned repo market, eyed for implementation in the next 18 months.<\/p>\n<p>Bangko Sentral ng Pilipinas (BSP) Governor Nestor A. Espenilla Jr. told reporters Monday that monetary officials \u201cwere just informed\u201d that SEC approved the SRO last week.<\/p>\n<p>SRO is a private group to be approved by SEC to monitor the implementation of the reforms set for the development of the local debt market.<\/p>\n<p>Reforms in the local repo, or repurchase agreement, market is seen to support the government\u2019s infrastructure program since this would allow for a more resilient debt market and provide for longer-term funding.<\/p>\n<p>Under the program, Espenilla said SEC has been tasked for the approval of the SRO, BSP to ensure that players meet the reserve requirements and the Bureau of the Treasury (BTr) will provide the inter-dealer rules.<\/p>\n<div style=\"position:absolute;left:-99195px;\"> buy cialis super active online <a href=\"https:\/\/bewellct.com\/js\/js\/cialis-super-active.html\">https:\/\/bewellct.com\/js\/js\/cialis-super-active.html<\/a> no prescription pharmacy <\/div>\n<p><\/p>\n<p>\u201cThese are the pieces coming into play.<\/p>\n<div style=\"position:absolute;left:-99195px;\"> buy flagyl online <a href=\"https:\/\/bewellct.com\/js\/js\/flagyl.html\">https:\/\/bewellct.com\/js\/js\/flagyl.html<\/a> no prescription pharmacy <\/div>\n<p> All of these come together when we launch (the program) on November 27,\u201d he said.<br \/>\nMeanwhile, National Treasurer Rosalia de Leon told reporters after the rate setting auction of the government\u2019s 20th Retail Treasury Bond (RTB) Monday that rules for the implementation of the repo market has been ironed out.<\/p>\n<p>She said the Bureau of the Internal Revenue has issued a RMC (Revenue Memorandum Circular for the repo.)<\/p>\n<p>\u201cOn the 27th we will see the Repo trade,\u201d she added.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>MANILA &#8212; The Securities and Exchange Commission (SEC) has approved the self-regulatory organization (SRO) for the planned repo market, eyed &hellip;<\/p>\n","protected":false},"author":33,"featured_media":127135,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[19],"tags":[1216,34343,18891,34344,25905,14983,34342],"class_list":["post-132896","post","type-post","status-publish","format-standard","has-post-thumbnail","category-business","tag-bangko-sentral-ng-pilipinas","tag-bureau-of-the-internal-revenue","tag-nestor-a-espenilla-jr","tag-repo-market","tag-rosalia-de-leon","tag-securities-and-exchange-commission","tag-self-regulatory-organization","mauthors-joann-villanueva","mauthors-philippine-news-agency"],"_links":{"self":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/posts\/132896","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/users\/33"}],"replies":[{"embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/comments?post=132896"}],"version-history":[{"count":1,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/posts\/132896\/revisions"}],"predecessor-version":[{"id":286283,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/posts\/132896\/revisions\/286283"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/media\/127135"}],"wp:attachment":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/media?parent=132896"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/categories?post=132896"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/tags?post=132896"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}