{"id":238159,"date":"2019-11-22T21:56:28","date_gmt":"2019-11-23T02:56:28","guid":{"rendered":"https:\/\/canadianinquirer.net\/v1\/?p=238159"},"modified":"2019-11-22T21:56:28","modified_gmt":"2019-11-23T02:56:28","slug":"bsp-sets-indefinite-moratorium-on-long-term-deposit-issuance","status":"publish","type":"post","link":"https:\/\/canadianinquirer.net\/v1\/2019\/11\/22\/bsp-sets-indefinite-moratorium-on-long-term-deposit-issuance\/","title":{"rendered":"BSP sets indefinite moratorium on long-term deposit issuance"},"content":{"rendered":"<figure id=\"attachment_151970\" aria-describedby=\"caption-attachment-151970\" style=\"width: 960px\" class=\"wp-caption alignnone\"><a href=\"https:\/\/canadianinquirer.net\/v1\/wp-content\/uploads\/2018\/02\/BSP.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-151970\" src=\"https:\/\/canadianinquirer.net\/v1\/wp-content\/uploads\/2018\/02\/BSP.jpg\" alt=\"\" width=\"960\" height=\"638\" srcset=\"https:\/\/canadianinquirer.net\/v1\/wp-content\/uploads\/2018\/02\/BSP.jpg 960w, https:\/\/canadianinquirer.net\/v1\/wp-content\/uploads\/2018\/02\/BSP-300x199.jpg 300w, https:\/\/canadianinquirer.net\/v1\/wp-content\/uploads\/2018\/02\/BSP-768x510.jpg 768w, https:\/\/canadianinquirer.net\/v1\/wp-content\/uploads\/2018\/02\/BSP-20x13.jpg 20w\" sizes=\"auto, (max-width: 960px) 100vw, 960px\" \/><\/a><figcaption id=\"caption-attachment-151970\" class=\"wp-caption-text\">The circular said the LTNCTD may still be issued beyond the end-2020 deadline &#8220;provided, further, that requests for authority to issue LTNCTDs shall only be accepted by the appropriate supervising department&#8221; of the BSP until Sept. 30, 2020. (File <a href=\"https:\/\/www.facebook.com\/BangkoSentralngPilipinas\/photos\/a.335647726499063.76156.154917097905461\/997366883660474\/?type=1&amp;amp;theater\">Photo<\/a>: <a href=\"https:\/\/www.facebook.com\/BangkoSentralngPilipinas\/\">Bangko Sentral ng Pilipinas\/Facebook<\/a>)<\/figcaption><\/figure>\n<div dir=\"auto\"><strong>MANILA<\/strong>\u00a0&#8212; An indefinite moratorium on the issuance of long-term negotiable certificate of time deposits (LTNCTDs) will be in place starting Jan. 1, 2022.<\/div>\n<div dir=\"auto\"><\/div>\n<div dir=\"auto\">The LTNCTDs are bank products that have longer tenors compared to the regular time deposits.<\/div>\n<div dir=\"auto\"><\/div>\n<div dir=\"auto\">In Circular 1059 issued last November 15, Bangko Sentral ng Pilipinas (BSP) Deputy Governor Francisco Dakila Jr. said LTNCTDs that have been approved but are still unissued by end-December 2020 may still be issued provided this is done within the period allowed by the BSP.<\/div>\n<div dir=\"auto\"><\/div>\n<div dir=\"auto\">The circular said the LTNCTD may still be issued beyond the end-2020 deadline &#8220;provided, further, that requests for authority to issue LTNCTDs shall only be accepted by the appropriate supervising department&#8221; of the BSP until Sept. 30, 2020.<\/div>\n<div dir=\"auto\"><\/div>\n<div dir=\"auto\">It added that the LTNCTDs &#8220;issued in accordance with this section shall remain valid and negotiable until their maturity dates without prejudice to the right of the issuing bank to pre-terminate&#8221; before the maturity date but subject to conditions for this issuance.<\/div>\n","protected":false},"excerpt":{"rendered":"<p>MANILA\u00a0&#8212; An indefinite moratorium on the issuance of long-term negotiable certificate of time deposits (LTNCTDs) will be in place starting &hellip;<\/p>\n","protected":false},"author":44,"featured_media":151970,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[19],"tags":[],"class_list":["post-238159","post","type-post","status-publish","format-standard","has-post-thumbnail","category-business","mauthors-joann-villanueva","mauthors-philippine-news-agency"],"_links":{"self":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/posts\/238159","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\/44"}],"replies":[{"embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/comments?post=238159"}],"version-history":[{"count":1,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/posts\/238159\/revisions"}],"predecessor-version":[{"id":238160,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/posts\/238159\/revisions\/238160"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/media\/151970"}],"wp:attachment":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/media?parent=238159"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/categories?post=238159"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/tags?post=238159"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}