BSP raises trust units’ security deposit 7 SHARES Share it! This is higher than the previous basic security deposit of P300,000. The BSP has also changed the valuation of securities and basis of computation of the basic security deposit starting end-March this year. The basic security deposit requirement will be complied with on a quarterly basis. Tags: Bangko Sentral ng Pilipinas, basic security deposit, BSP Circular, BSP Governor Nestor A. Espenilla Jr., BSP raises trust units’ security deposit, commercial banks, corporations, investment management, non-banks, PERA, Personal Equity Retirement Account, retirement account

Source: Manila Bulletin March 10, 2018 14:01 UTC