10/05/2011 | 07:47 PM
This month, the Bangko Sentral ng Pilipinas (BSP) will issue stricter rules on hedging instruments, particularly non-deliverable forwards (NDFs), to control liquidity amid the strong foreign capital inflow and to minimize market risks, the BSP said.
The rules will come in the form of a circular on NDFs after the BSP conducts a series of consultations with major players in the banking industry, BSP governor Amando Tetangco Jr. said Wednesday.
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