BSP, BAP to expand repurchase market

THE Bangko Sentral ng Pilipinas and the Bankers Association of the Philippines will expand the repurchase agreement market to include fund managers and trust companies.To pursue this initiative, a BAP official said the Money Market Association of the Philippines , Fund Managers Association of the Philippines , and Trust Officers Association of the Philippines are working on their inclusion in the government securities repo market.

and TOAP are talking to BIR.'Last week, the BSP and BAP announced the enhancement of the Philippine Interest Rate Swap and the repo market for government securities. These tools would help banking clients manage risks and exposures more effectively to contribute to market growth.BAP open market committee chairman Paul Raymond Favila previously said the move will improve short-term benchmarks and the country's capital markets.

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BSP and BAP collaboration boosts financial market with enhanced peso interest rate swapsSomething commendable has emerged through the collaboration between the Bangko Sentral ng Pilipinas (BSP) and the Bankers Association of the Philippines (BAP) in introducing enhanced peso interest rate swaps. This initiative is expected to bolster our financial market, potentially resulting in decreased interest rates on loans.
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