BSP Special Deposit Account (SDA) and Reverse Repurchase Agreement (RRP)
Short-term liability products of the BSP with tenors range from 3 days to 2 months. These are relatively risk-free investment in terms of credit risk since it is issued by the BSP which is a government agency. These are evidenced by a Participation Agreement. 

Interest on both SDA and RRP is subject to a 20.0% final w/tax