4 months BSP sets shorter lead time for TDF volume MB |Biz
By Lee C. Chipongian The Bangko Sentral ng Pilipinas (BSP) will have a shorter lead time in announcing the term deposit facility (TDF) volume to improve the weekly auction and to ensure demand forecasts will be updated close to the auction date. MB file photo. The TDF offer volumes per tenor, according to the BSP, will now be announced two days before the auction date instead of seven days to take advantage of the latest liquidity data. “The implementation of a shorter lead time for announcing TDF offer volumes is part of the BSP’s initiatives to enhance the conduct of ... more