Bangko Sentral ng Pilipinas (BSP) Interest Rates

INTEREST RATES (% p.a.)
				Latest			Previous
				Auction			Auction
1.	Treasury Bill Rates (Auction Date) 1
	(Auction Date: September 8, 2009)
		91 Days		3.992			3.948
		182 Days		4.194			4.121
		364 Days		4.375			4.338
2.	Coupon Rates on Fixed-Rate Treasury Bonds
	(Auction Date: Sep 1, 2009)
		5 Years		6.25
		10 Years					7.875
3.	Money Market Rates
	(September 14 - 18 2009)
		Promissory Notes		3.1919			3.0160	r
		Commercial Papers w/o Recourse
4.	Manila Reference Rates 2
	(September 14 - 18 2009)
		MRR 60		4.0625			4.0000
		MRR 90		7.0000			7.0000
		MRR 180		7.2500			7.2500
5.	Interbank Call Loan Rates 3
	(September 14 - 18 2009)			4.1250			4.1547
6.	BSP Rates
	(September 14 - 18 2009)
		Overnight RPs		N.T.			N.T.
		Term RPs		N.T.			N.T.
		Overnight RRPs		4.0000			4.0000
		Term RRPs		N.T.			4.1250
		Special Deposit Account (SDA)		4.1268			4.1363
7.	Bank Lending Rates 4
	(September 14 - 18 2009)
		All Maturities (Actual)		7.734			7.789
		High (Quoted)		9.3316			9.0735
		Low (Quoted)		7.4510			7.0686
8.	Peso Deposit Rates 5
	(September 14 - 18 2009)
	Savings Deposits
		High		6.000			6.000
		Low		0.100			0.100
	Time Deposits
		below 1 year		2.172			2.146
		1 - 2 years		3.906			4.123
		Over 2 years		2.051			1.823
9.	Dollar Deposit Rates
	(September 14 - 18 2009)
	Savings Deposits			0.502			0.445
	Time Deposits
		60 days & below		1.191			1.157
		61 - 90 days		1.334			1.346
		91 - 180 days		1.355			1.295
		181 days & above		1.546			1.598
	1	Previous auction date is August 24, 2009.
	2	Weighted average interest rate (WAIR) on the combined promissory note and time deposit
		transactions of 10 sample commercial banks pursuant to CB Circular No. 1191 dated 23 November 1988
	3	From BSP Treasury
	4	Data for all maturities are based on actual transactions estimated as the ratio of total interest income to
		total outstanding loans. Meanwhile, the high and low bank lending rates refer to the averages of the
		highest and the lowest bank quoted rates respectively.
	5	High and low savings deposit rates refer to the highest and lowest interest rates of bank deposits
		on or above the minimum interest earning balance.
	r	Revised
	p	Preliminary
	N.I.	No Issuance
	N.T.	No Transactions

I would only pay particular attention to SDA rates.

and would suggest continue reading about BPI SDA.

http://www.bsp.gov.ph/statistics/keystat/winteresrates.htm

You can now pay PAL e-tickets from your BANCNET ATM account

Philippine Airlines and BancNet bring you another first in the airline industry. BancNet ATM cardholders can now purchase Philippine Airlines domestic tickets without leaving home. Get your electronic ticket instantly after securing online approval from your depository bank.

What is BancNet?
BancNet is the largest electronic banking consortium in the Philippines with 54 members and affiliates.

What is a BancNet ATM card?
A BancNet ATM card is an ATM card issued by a BancNet member banks. You may refer to www.bancnetonline.com to view the complete list of members.

Can I use BancNet ATM Card to purchase ticket online at www.philippineairlines.com?
Only the following ATM cards issued by banks listed below may purchase ticket online at the PAL website:
• Allied Bank
• Asia United Bank
• China Bank
• Chinatrust Bank
• Citystate Savings Bank
• Metrobank
• PBCom
• Philippine National Bank
• Philtrust
• Postal Bank
• RCBC
• RCBC Savings
• Robinsons Savings Bank
• Security Bank
• Standard Chartered Bank
• Sterling Bank

My Bank is a BancNet member, why can’t I purchase ticket online?
Your bank may not be enabled yet for internet transactions. Kindly contact your bank for more information.

What type of ticket can I purchase using my BancNet ATM Card?
You may use your BancNet ATM Card to pay for domestic ticket only.

Is there a transaction limit in using my BancNet ATM card?
BancNet member banks may or may not have transaction limit defined for their cardholders. The cardholder may contact the depository bank for the transaction limit details.

Does PAL accept ATM card payment at the ticket office?
No. BancNet ATM card payment is only available online.

What is an ATM/Debit Card?
An ATM Card is issued by a bank and linked to an account holder’s savings or checking account. Payments made with a BancNet ATM card is deducted in real-time from the user’s bank account. The account holder must have sufficient funds in his account in order to make a payment.

I have a BancNet member-bank cash card, can I use this to make payments at www.philippineairlines.com?
Yes, BancNet member banks’ cash cards may be used to make online purchases.

Do I need to enroll to use my BancNet ATM Card to make payments via BancNet Online Services?
All banks (except Robinsons Savings Bank) do not need enrollment. You can transact online immediately with your BancNet ATM Card Number and ATM PIN.

Where can I find my ATM card number?
Your ATM Card Number is found on the front face of your ATM Card. ATM Card Number is different from Account Number.

What is a Member Number?
Some BancNet Member Banks require their account holders to input their Member Number when making payments via BancNet Online Services.Member banks that have Member Numbers are Allied Bank, Chinatrust, Metrobank, Philtrust, RCBC and RCBC Savings Bank.

Click here to identify your member number

How do I pay for my ticket online?
After choosing your flight schedule, choose BancNet from the list of Payment Modes. Choose your Bank from the drop-down list and click Submit. Enter your ATM card number, member number, account type (savings or checking), and enter your ATM PIN by clicking on the corresponding numbers with your mouse. If your card issuer approves the transaction, your electronic ticket will be issued shortly.

Why can’t I type my ATM Personal Identification Number (PIN)?
This is to protect the accountholder from malicious programs such as keyloggers.

Why are the numbers not in order on the ATM PIN PAD?
This is another security feature of BancNet to protect accountholders from shoulder surfers – people who attempt to capture sensitive user information (i.e. ATM PIN) by direct observation such as looking over someone’s shoulder or observing from a distance. The numbers on the PIN Pad are randomized after every session.

How can I check if I have sufficient balance to make a payment?
BancNet ATM cardholders may check their balance by visiting www.bancnetonline.com. There is no fee to make a balance inquiry.

http://www.philippineairlines.com/faq/bancnet/faq_bancnet.jsp

Smart, BDO expand electronic banking partnership

By Mary Ann LL. Reyes (The Philippine Star) Updated September 26, 2009 12:00 AM

MANILA, Philippines - Leading wireless services provider Smart Communications has expanded its tie up with Banco de Oro Unibank (BDO) on their mobile and electronic banking partnership.

The enhanced team up will now enable mobile subscribers to purchase electronic load for Smart Buddy and Talk ‘N Text accounts anytime, anywhere through BDO ATMs, phone banking and Internet banking systems.

Smart officials explained that this complements the earlier engagements with BDO, foremost of which is mobile banking, which allows Smart subscribers to perform BDO account inquiries, fund transfers, airtime purchases and Smart Money reloading, with just a few clicks on the SIM-based mobile commerce menu of Smart.

BDO is also Smart’s first issuer bank for Smart Money — the world’s first reloadable payment card linked to a mobile phone with a Smart SIM.

“As the country’s leading telco, our job is to provide the communications infrastructure that will enable the banking industry to offer new, innovative services to their customers. The enhancements of our partnership with BDO, will enable us to provide an expanded and more robust electronic banking experience to the increasingly mobile Filipino,” Smart financial services group head Jojo Malolos added.

For his part, BDO senior vice president and group head for transaction banking Ismael Estela said BDO’s extensive network, combined with Smart’s advanced mobile commerce technology, will help the bank provide their customers with faster, more convenient and more secure ways of managing their banking requirements.

Smart has been actively promoting mobile commerce services in the Philippines since 2000. The company has likewise developed a global financial and telecommunications services hub model called the Smart Financial Services Hub (SFSH), based on the features and capabilities of its Smart Money electronic financial services platform.

BDO is the largest local bank in terms of assets, loans and deposits and ranked third in terms of capital, as of the end of the first quarter of 2009. Notwithstanding the prevailing tough economic environment, the bank keeps an optimistic outlook for the rest of the year, targeting a full-year profit of P5.5 billion.

View previous articles from this author.

http://www.philstar.com/Article.aspx?articleid=508610

Smart, BPI tie up for mobile phone banking transactions

By Mary Ann Ll. Reyes (The Philippine Star) Updated September 30, 2009 12:00 AM

MANILA, Philippines - Bank of the Philippine Islands (BPI) and Smart Communications unveiled yesterday a new service that will allow bank clients who are also Smart subscribers to do a wide range of bank transactions through their mobile phones.

The BPI-Smart Full-Mobile Banking is a huge upgrade for BPI clients who are Smart subscribers since balance inquiry transaction was previously the only function that can be used through the key-based mobile banking facilities. Now, they cannot only balance inquiry but also do fund transfers, bill payments, Smart prepaid airtime reloading and Smart Money reloading.

Philippine Long Distance Telephone Co. (PLDT) and Smart president and CEO Napoleon Nazareno said they see bright prospects for mobile commerce in the Philippines.

“As the country’s leading telco, we have adopted the fundamental strategy of providing relevant communication solutions and mobile security infrastructure to our partner banks. We are confident that this partnership with BPI, the country’s pioneer in electronic banking, will result in an expanded, more secure, and more convenient mobile banking experience for millions of Smart and BPI customers,” Nazareno added.

For his part, BPI president and CEO Aurelio Montinola III pointed out that it is really part of BPI’s commitment to take advantage of alternative channels to make banking more convenient to their clients, adding that the menu-driven BPI-Smart Full-Mobile Banking is banking made easy.

He emphasized that regardless of the telco provider of their clients, BPI wants to give its clients the capacity to do mobile banking. “We want to take advantage of alternative channels to make banking more convenient to our clients. We do not want to confine them to branch banking,” he said, adding the bank is dealing with both Smart and Globe Telecom to expand their mobile banking.

BPI has more than three million BPI, BPI Family Savings and BPI Direct customers who can use mobile banking for both financial and non-financial transactions.

Meanwhile, of the 39 million Smart subscribers, around 7.5 million are with Smart Money while one million are engaged in mobile banking. Smart currently has tie-ups with 21 banks which are involved in mobile banking.

BPI senior vice president and head of overseas banking and channel services Teresita Tan explained that it is like having the bank in one’s cellphone. “With your Smart SIM, you will be able to access your BPI accounts 24 x 7, wherever you are, whenever you want, even when you are on the go,” she said.

To enroll for mobile banking, clients must have at least one ATM-based BPI deposit account. BPI credit cards will be immediately tagged when ATM-based deposit account is applied.

View previous articles from this author.

http://www.philstar.com/Article.aspx?articleId=509717&publicationSubCategoryId=66