RA 265 Section 107

Interbank settlements.

Section 107

SEC. 107. Interbank settlements.—The Central Bank shall provide facilities for interbank clearing. The deposit reserves maintained by the banks in the Central Bank, in .accordance with the provisions of section 100, shall serve as a basis for the clearing of checks and the settlement of interbank balances, subject to such rules and regulations as the Monetary Board may issue with respect to such operations.

Read the full instrument → · Open the chapter this section belongs to: CHAPTER IV.—INSTRUMENTS OF CENTRAL BANK ACTION →

Compiled from an official source version. Later amendments or repeals may not be reflected; the official text prevails. · Read the official text ↗

Source: Supreme Court E-Library, Republic of the Philippines. Philippine laws are public documents (works of the government).

What to look at next

RA 265, full textChapter navigation and full text, so you can read this section in contextLegislation of this jurisdiction Philippine Laws by type and yearGrouped by instrument type and year of enactment, so you can find others of the same kindBrowse by type and year CHAPTER IV.—INSTRUMENTS OF CENTRAL BANK ACTION: the chapter this section belongs toRead this section in its chapter, with the neighbouring sections in orderChapters and sections