Rafael Buenaventura: New Year message 2005 Speech by Mr Rafael Buenaventura, Governor of Bangko Sentral ng Pilipinas (Central Bank of the Philippines), at the Annual Reception for the Banking Community, Manila, 18 January 2005. *  *  *  A warm welcome to all!
Furthermore, the Bank does not specify the individual CP issues to be submitted, but rather the counterparty financial institutions offer issues of their choice from among those deemed eligible by the Bank. Purchasing CP is no different from providing commercial banks with loans on bills in the sense that the Bank supplies funds to commercial banks by refinancing corporate debt.