Philippines eases derivatives rules



The central bank of the Philippines has made it easier for banks to trade foreign exchange and interest rate derivatives as well as certain types of structured products through the issuance of circular 594, which took effect on January 30.

The new rules allow dealers to trade foreign exchange forwards, swaps and currency swaps with tenors of up to three years, and interest rate forwards and swaps of up to 10-year maturities, without prior central bank approval. The central bank also added

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact or view our subscription options here:

You are currently unable to copy this content. Please contact to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to View our subscription options

If you already have an account, please sign in here.


Want to know what’s included in our free registration? Click here

This address will be used to create your account

You need to sign in to use this feature. If you don’t have a account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here