Pricing Transparency Workshop (EIR) – July 30,2012

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FOR :ALL PARTICIPATING RURAL BANKS FROM :MA. CORAZON L. MILLER, Chairperson SUBJECT :PRICING TRANSPARENCY WORKSHOP: Implementing the New Rules for Truth in Lending Dear Fellow Rural Bankers: The Bangko Sentral ng Pilipinas (BSP) has issued Circular 730 and the accompanying Memorandum M-2011-040 on regulations and calculation for Effective Interest Rates (EIR) for all types of …

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