STARTING July next year, trust entities can no longer access deposit facilities as investment outlets to keep the facilities purely as tools for liquidity management, a development that could push the term deposit facility (TDF) yield rates higher.

Bangko Sentral ng Pilipinas (BSP) Governor Amando Tetangco Jr. noted the change is good for the industry as “it will encourage trust entities to grow by developing expertise in fund management, instead of simply being passive and placing funds with the BSP to earn a decent return.”

Premium + Digital Edition

Ad-free access


P 80 per month
(billed annually at P 960)
  • Unlimited ad-free access to website articles
  • Limited offer: Subscribe today and get digital edition access for free (accessible with up to 3 devices)

TRY FREE FOR 14 DAYS
See details
See details