381 PURCHASE OF RECEIVABLES AND OTHER OBLIGATIONS
a. Require the issuing entity to submit a duly certified true copy of its Certificate of Registration and Authority to Issue Commercial Paper; and
b. Ascertain that the registration number and expiry date indicated in the commercial paper are the same as those in the certificate of registration submitted.
a. Banks may invest in the following:
(1) Readily marketable bonds and other debt securities which are of such use or demand as to make them the subject of constant dealings in securities markets, with such frequent quotations of price as to make the price easily and definitely ascertainable, and the security easy to realize upon sale at any time: Provided, That the bonds and other debt securities have complied with the rules on registration of commercial papers: Provided, further, That RBs/Coop Banks investing in readily marketable bonds and other debt securities shall comply with the prudential criteria enumerated under Sec. 111. In addition to said criteria, the investment shall not be held for trading purposes.
(2) Evidences of indebtedness of the Republic of the Philippines or the Bangko Sentral, and any other evidences of indebtedness or obligations the servicing and repayment of which are guaranteed by the Republic of the Philippines.
b. Any violation of the provision stated in Item “a” above shall subject the bank and its concerned officer/s to applicable enforcement action enumerated under Sec. 111.
(Circular Nos. 960 dated 04 May 2017)