This new crisis loan otherwise progress so you’re able to financial institutions are governed because of the the latest terms out of Areas 84 to help you 88 out of R.A good. Zero. 7653, otherwise known as The new Central Bank Act.
A crisis financing or progress is actually a credit business that’s intended to let a bank feeling severe liquidity troubles arising from factors not owing to, otherwise outside the power over, the financial institution government. The latest offer of such business are discretionary up on the new Economic Board, that is meant simply because a short-term remedial measure to greatly help an excellent solvent bank beat significant liquidity dilemmas. (більше…)