August 27, 2014
BSP MEMORANDUM NO. M-2014-034
| TO | : | All Banks |
| SUBJECT | : | Availability of an Exchange for Long-Term Negotiable Certificates of Time Deposits (LTNCTDs) |
This is in accordance with the listing requirement of Long-Term Negotiable Certificates of Time Deposits (LTNCTDs) on an organized platform pursuant to BSP Circular No. 824 dated 30 January 2014.
Please be advised that a platform will be available on 01 September 2014. In this regard, banks that issued LTNCTDs after the effectivity of Circular No. 824 shall apply for listing by 02 September 2014.
For information and guidance. HIDCTA
(SGD.) CHUCHI G. FONACIER
Sector-in-Charge
