Use/Issuance of the New Prenumbered Bangko Sentral Registration Document (BSRD) Form for Foreign Investments

March 31, 2000 BSP CIRCULAR LETTER TO : All Commercial Banks and Custodian Banks SUBJECT : Use/Issuance of the New Prenumbered Bangko Sentral Registration Document (BSRD) Form for Foreign Investments In implementation of amendment Nos. 3 and 4 under BSP Circular No. 224 dated January 26, 2000, the following guidelines shall be observed and complied with in connection with captioned subject: cdll 1. Effective 3 April 2000, only the new prenumbered BSRD form printed by BSP on security paper (facsimile attached) shall be used and issued as proof of the registration of foreign investments in accordance with BSP existing rules. 2. Custodian banks, which are authorized to register, on behalf of BSP, foreign investments in Philippine Stock Exchange (PSE)-listed securities, may obtain said new BSRD forms from the BSP International Operations Department starting 31 March 2000. cdlex 3. The BSP will charge a fee for each set of BSRD forms which fee may be passed on without mark-up by the custodian bank concerned to the foreign investor concerned. Each set consists of one original and one duplicate copy. 4. For foreign investments directly registered with BSP, the fee for the BSRD issued by BSP in connection therewith shall be paid by the foreign investor directly to BSP. The fee to be charged shall be the same as that charged to custodian banks. 5. The custodian bank issuing the BSRD shall indicate its bank code after the BSRD number (at least 6 digits, for example, 000001) and the investor's country code as per attached list, in the appropriate space in the BSRD. In case of a bank branch/department/unit issuing the BSRD, the name of the bank branch/department/unit concerned should also be indicated in the space for "name of registering bank". cdll 6. In line with the one BSRD-per-investor-per-custodian bank rule, only the initial investment/s funded by inward remittance of foreign exchange (FX) shall be issued a BSRD. In case of transfer of registered investments from one custodian bank to another (supported with the existing fully utilized BSRD or if BSRD is partially utilized only, with BSRD letter-advice issued by the custodian bank transferring the investment), a new prenumbered BSRD shall be issued to cover such transfer if the investor does not yet have a BSRD with the new registering custodian bank. The fully utilized BSRD for replacement shall be cancelled and surrendered to BSP in accordance with existing rules. Transfers of investments to a new registering bank where the investor has outstanding investments shall be added to the investments registered with said bank. Subsequent FX inward remittances to fund additional investments of the same investor or changes in his existing registered investments shall be reported under Annexes 1 or 2 under BSP Circular-Letter dated 3 September 1998 in accordance with existing rules. cdlex 7. In the issuance of a new prenumbered BSRD to cover the consolidation of all outstanding BSRDs of an investor in one custodian bank, the said custodian bank shall indicate only the aggregate peso amount of each type of investment other than PSE-listed securities still outstanding and the aggregate number of shares and market value on date of consolidation of each type of PSE-listed stock investments still outstanding, with the details to be indicated in an annex or annexes to form part of the BSRD. Furthermore, the registering custodian bank shall indicate in the "Additional Information" space the words "consolidation of existing BSRDs". 8. The custodian bank may include in the consolidated BSRD the divestment/sales proceeds of previously duly registered foreign investments placed in peso deposits indicating in the "Additional Information" space that these deposits are interim investments for eventual reinvestment in registerable investment types. Investments in peso savings deposits registered as of January 26, 2000 shall be included in said consolidation. 9. The registering custodian bank shall fill up all applicable blank spaces except the columns on "Type and Funding" and "Maturity Date" which shall be filled up only for a new BSRD consolidating outstanding BSRDs of an investor involving Government Securities (GS), Peso Time Deposits (PTDs) and Money Market Instruments (MMIs) using indicated acronyms, provided any extensions or renewals thereof should henceforth be registered directly with BSP in accordance with Circular No. 224. cdll 10. This new prenumbered BSRD form shall, effective 3 April 2000, also replace the BSRD for Special Investor's Resident Visa (SIRV) applicants/holders provided under BSP Circular-Letter dated 20 March 1998. A BSRD issued for this purpose shall indicate in the "Additional Information" space the words "SIRV investment". 11. For the "Date Registered" under the BSRD number and for the other dates in various columns in the BSRDs, use the format "mmddyyyy", for example "04-03-2000" for April 3, 2000. 12. All prenumbered BSRDs issued by custodian banks, except those issued for consolidation of existing BSRDs, shall be accompanied by the original Certificate of Inward Remittance (CIR) of FX converted and sold for pesos to the certifying bank in accordance with No. 2 of said Circular No. 224, which CIR must be typewritten and pre-numbered to indicate the last two digits of the year of issue and the specific consecutive number (five digits), for example "00-00001". LexLib 13. The registering custodian bank's signatory should at least be an officer with the rank of Assistant Vice President (AVP) or head of the unit/branch of the bank concerned. (SGD.) CELIA M. GONZALEZ Director LIST OF COUNTRY AND CORRESPONDING COUNTRY CODE CTRYCD COUNTRY NAME 83 CHINA 42 CHRISTMAS ISLANDS 133 COLOMBIA 43 COMORES ARCHIPELAGO 134 CONGO REP OF 260 COOK ISLANDS 136 COSTA RICA 137 CUBA 32 CURACAO 138 CYPRUS 84 CZECHOSLOVAKIA 53 DENMARK 261 DJIBOUTI (REP OF) 140 DOMINICAN REPUBLIC 249 DUBAI-U.A.E. 141 ECUADOR 238 EGYPT 142 EL SALVADOR 143 ETHIOPIA 998 EUROPE NES 145 FAEROE ISLANDS 144 FALKLAND IS, AND DEP 146 FIJI 147 FINLAND 54 FRANCE 148 FRENCH GUIANA 149 FRENCH OCEANIA N.E.S 150 FRENCH SOMALILAND 151 FRENCH WEST AFRICA 152 FRENCH WEST INDIES 153 GABON 154 GAMBIA, THE 85 GERMANY, DEM REP OF 55 GERMANY FEDERAL REP 155 GHANA 156 GIBRALTAR 56 GREECE 157 GREENLAND 158 GUADALOUPE 23 GUAM (MARIANAS IS) 159 GUATEMALA 206 GUINE BISSAU REP OF 160 GUINEA 117 GUYANA 161 HAITI 162 HONDURAS 163 HONGKONG 86 HUNGARY 57 ICELAND 164 INDIA 165 INDONESIA 166 IRAN 167 IRAQ 58 IRELAND. REP OF 168 IRIAN (WEST/BARAT) 46 ISLE OF MAN 169 ISRAEL 59 ITALY 170 IVORY COAST 171 JAMAICA 50 JAPAN 172 JORDAN 126 KAMPUCHEA 173 KENYA 262 KIRIBATI REPUBLIC 221 KOREA, REPUBLIC 174 KUWAIT 175 LAOS 176 LEBANON 35 LEEWARD & WINDWARD 111 LESOTHO 177 LIBERIA 178 LIBYA 61 LIECHTENSTEIN 52 LUXEMBERG 47 MACAU 179 MADAGASCAR, DEM REP 48 MADEIRA 180 MALAWI REP OF 245 MALAYSIA 49 MALDIVE ISLANDS 181 MALI REPUBLIC OF 182 MALTA 50 MARSHALL ISLANDS 183 MARTINIQUE 184 MAURITANIA 185 MAURITUS 186 MEXICO 33 MONACO 87 MONGOLIA 187 MOROCCO 188 MOZAMBIQUE 189 NAURU 190 NEPAL 63 NETHERLANDS 191 NETHERLANDS ANTILLES 192 NEW CALEDONIA 194 NEW ZEALAND 195 NICARAGUA 196 NIGER 197 NIGERIA. REP OF 253 NORFOLK ISLAND 88 NORTH KOREA 64 NORWAY 990 OCEANIA NES 248 OMAN, SULTANATE OF 999 OTHER COUNTRIES 199 PAKISTAN 200 PANAMA 24 PANAMA CANAL ZONE 201 PAPUA NEW GUINEA 202 PARAGUAY 203 PERU 204 PHILIPPINES 90 POLAND 65 PORTUGAL 244 PORTUGUESE AFRICA 205 PORTUGUESE ASIA 207 PORTUGUESE TIMOR DEP 25 PUERTO RICO 208 QATAR 209 REUNION ISLAND 45 RODRIGUES ISLAND 91 ROMANIA 210 RWANDA 198 RYUKYU ISLANDS 211 SABAH 212 SARAWAK 213 SAUDI ARABIA 214 SENEGAL 215 SEYCHELLES 216 SIERRA LEONE 217 SINGAPORE 38 SOCIETY ISLANDS 264 SOLOMON ISLANDS 218 SOMALI REPUBLIC 219 SOUTH AFRICA REP OF 220 SOUTH WEST AFRICA TE 223 SOUTHERN RHODESIA 66 SPAIN 224 SPANISH AFRICA (ORO/M 129 SRI LANKA 225 ST. HELEA AND DEP 226 ST. PIERRE & MIQUELON 227 SUDAN, DEM REP OF 228 SURINAM 229 SWAZILAND 67 SWEDEN 68 SWITZERLAND 251 SYRIA 252 TAHITI 132 TAIWAN 230 TANZANIA 231 THAILAND 232 TOGO 233 TONGA 236 TRIESTE 234 TRINIDAD AND TOBAGO 235 TUNISIA 69 TURKEY 44 TURKS & CAICOS IS. 92 U.S.S.R. 237 UGANDA 70 UNITED KINGDOM 26 UNITED STATES 240 URUGUAY 193 VANUATU 241 VENEZUELA 222 VIETNAM SOC REP OF 27 VIRGIN ISLANDS 991 WEST INDIES, NES 265 WESTERN SAMOA 242 YEMEN ARAB REPUBLIC 101 YEMEN, PEOPLE'S DEM 93 YUGOSLAVIA 135 ZAIRE REPUBLIC 243 ZAMBIA 37 ZIMBABWE 268 RUSSIAN FEDERATION 267 UKRAINE 268 REP OF BELARUS 269 REP OF MOLOOVA 270 REP OF ARMENIA 271 AZERBAIJANI REPUBLIC 272 REP OF KASAKHSTAN 273 REP OF KIRGHIZIA 274 REP OF UZBEKISTAN 275 REP OF TAJIKISTAN 276 REP OF TURKMENISTAN 277 BOSNIA 278 SLOVENIA 279 CROATIA Bangko Sentral Registration Document