Consolidated Report of Foreign Exchange Assets and Liabilities

March 30, 1999 BSP CIRCULAR NO. 194-99 CONSOLIDATED REPORT OF FOREIGN EXCHANGE ASSETS AND LIABILITIES The Monetary Board in its Resolution No. 226 dated 19 February 1999, approved for implementation the Revised FED Form 1 Report (Consolidated Report on Foreign Exchange Assets and Liabilities) including its supporting schedules. The following guidelines shall be observed in accomplishing the report which shall henceforth be called Foreign Exchange Form 1 Report (FX Form 1): 1. Effective 1 April 1999, banks shall report their foreign exchange (FX) transactions using the attached FX Form 1. Banks shall be guided by the attached Implementing Guidelines (Annex A) and Manual of Instructions (Annex B). 2. FX Form 1 shall be prepared and submitted through electronic mail as follows: Receiving Reports to Frequency Department Be Submitted Coverage of Submission Dept. of Economic Main Report daily within five (5) banking Research (DER) Schedules 2-7, days after end of 9-12 reference week Dept. of Economic Schedule 14 monthly within fifteen (15) Research (DER) banking days after end of reference month Foreign Exchange Schedules 8 & 13 daily within two (2) banking Department (FED) days after end of reference day Reports which could not be submitted through electronic mail due to communication lines problem shall be submitted in 3.5" diskette on the prescribed date of submission. 3. A minimum rank of Assistant Vice-President shall certify the veracity and accuracy of the report and schedules which shall be submitted to DER/FED following the submission of the said report/schedule. 4. Non-submission, delayed, erroneous, or incomplete reporting including submission of amended reports shall be subject to a monetary penalty of P200.00 per banking day of default until the respective report and schedules are filed with the concerned BSP department. Such penalty is equivalent to the maximum prescribed under BSP Circular No. 1389, as amended. In the implementation of the foregoing rules, delay or default shall start on the next banking day following the deadline for the submission of the reports and schedules. 5. Delayed reporting shall be considered chronic as defined in the last column of the following table: Report/Schedule Frequency of No. of times delay submission Schedules 8 & 13 Daily More than 7 times delayed per month Main Report, Weekly At least 2 times delayed per Schedules 2-7 and month or 5 banking days 9-12 continuous delay from the deadline of submission Schedule 14 and monthly More than 2 times delayed Reconciliation per semester or 10 banking Statement days continuous delay from the deadline of submission An additional monetary penalty of P2,000.00 per banking day shall be imposed until the respective report and schedules are submitted. 6. This report will serve as a transitory report prior to the implementation of the transaction report portion of the GL/SL reporting under Circular 108 dated May 9, 1996. 7. The existing Sources and Uses of Foreign Currency Deposit (SUFCD) report required to be submitted within four (4) banking days from reference week shall cease to be submitted when FX Form 1 Report is officially implemented. 8. This Circular shall supersede any other BSP rules inconsistent herewith. FOR THE MONETARY BOARD: (SGD.) GABRIEL C. SINGSON Governor ANNEX A IMPLEMENTING GUIDELINES TO CIRCULAR NO. 194 1. Effectivity of Circular No . 194 Effective April 1, 1999, banks shall report their foreign exchange transactions using Foreign Exchange (FX) Form 1 which shall replace Foreign Exchange Department (FED) Form 1 and Sources and Uses of Foreign Currency Deposit (SUFCD) Report. 2. Coverage of the Report and Submission Procedures a) The following FX Form 1 Report and Schedules covering daily transactions for a given week shall be prepared daily and submitted through electronic mail to the Department of Economic Research (DER) within five (5) banking days after end of reference week: i. Main Report Consolidated Foreign Exchange Assets and Liabilities ii. Schedule 2 Interbank Transactions iii. Schedule 3 Foreign Exchange Acquisition From Loans iv. Schedule 4 Foreign Exchange Disposition For Loans v. Schedule 5 Other Current Accounts and Transfers Acquisition/Disposition vi. Schedule 6 Investment Acquisition/Disposition vii. Schedule 7 Other Foreign Exchange Acquisition/Disposition viii. Schedule 9 Export Proceeds ix Schedule 10 Import Letters of Credit (L/Cs) Opened and Records of Goods Imported (RGI) Under DA-OA x. Schedule 11 Import Payments xi. Schedule 12 Spot and Financial Derivatives Acquisition/Disposition b) The following FX Form 1 Schedules shall be prepared daily and submitted to the Foreign Exchange Department (FED) through electronic mail within two (2) banking days from reference day: i. Schedule 8 Details of Spot and Forward FX Transactions ii Schedule 13 Foreign Exchange Position Report c) FX Form 1 Schedule 14, Consolidated Foreign Exchange Assets and Liabilities (In Original Currency), as of end of reference month shall be submitted to the DER within fifteen (15) banking days after end of reference month. Schedule 14 is required to be reconciled with the Consolidated Statement of Condition (DCB I/II Form 2A.1/2A.2). A reconciliation statement, in hard copy, shall be submitted to the DER on the next banking day following the deadline of submission of Schedule 14. 3. Certification of a Designated Officer of the Reporting Bank To ensure the accuracy of the report, banks shall designate an Officer of the bank with a minimum rank of Assistant Vice-President who shall certify the veracity and accuracy of the reports and schedules using the attached format. (DER-Schedule A; FED-Schedule B) For the Main Report, Schedules 2-7, 9-12, a written certification, pertaining to daily reports, shall be submitted to the DER not later than the third banking day after the deadline of submission of the reports. For Schedule 14, a written certification shall be submitted to the DER on the next banking day following the deadline of submission of the report. For FX Form 1 Schedules 8 and 13, a separate written certification covering the daily report shall be submitted weekly to the FED not later than the third banking day after the end of each week. The list of names and specimen signatures of designated officers who will certify the accuracy and veracity of the reports shall be submitted separately to the DER and FED on or before 7 April 1999. 4. Monetary Penalty Monetary penalties shall be imposed on the following except those provided under "Subsec. x 162.2 a (2)" of the Manual of Regulations for Banks: A. Erroneous and/or incomplete reporting on a per schedule/report basis of P200.00 per banking day; The report is considered erroneous if there are misclassification of accounts; erroneous entries or those resulting in changes or revisions in the amounts/totals of the Main Report and/or each schedule. The report is considered incomplete if it fails to provide the required information in the respective columns and rows of the report and schedules. B. Non submission of amended reports Banks shall be notified of incomplete/erroneous reports after validation and shall be required to submit amended reports within the following banking day from receipt of written notification. Non compliance shall subject the erring bank(s) to monetary penalty of P200.00 per banking day of default until the amended report is submitted. C. Chronic delayed reporting including submission of amended reports shall be subject to an additional monetary penalty of P2,000.00 per banking day until the respective report and schedules are correctly submitted. See Attachment for sample computation. Submission of delayed reports, including amended reports, shall be considered chronic based on the following: Name of Report/ Frequency of Schedule submission No. of times delay Schedules 8 & 13 Daily More than 7 times delayed per month Main Report, Weekly At least 2 times delayed per Schedules 2-7 month or 5 banking days of and 9-12 continuous delay from the deadline of submission Schedule 14 and Monthly more than 2 times delayed per Reconciliation semester or 10 banking days Statement of continuous delay from the deadline of submission. D. Non-submission and/or delay in the submission of reconciliation statement, as prescribed in 2 c) above, shall be subject to monetary penalty of P200.00 per banking day of delay until the statement is submitted. E. All of the above-cited monetary penalties shall be waived for the month of April, 1999. 5. Manner of payment or collection of fines Manner of payment or collection of monetary penalties shall be guided by Section 91 (2) of Circular No. 1389 dated 13 April 1993, as amended. 6. Reporting Instructions for FX Transactions For purposes of reporting transactions under Book Code 2 FCDU, name of counterparty depositor may be filled up with the consent or waiver from the depositor. If without the consent from the depositor indicate " corporate " for transaction of an enterprise and " individual " for transaction of an individual. LLpr 7. Retention of Supporting Documents For purposes of audit trail and validation by the concerned BSP Departments, banks are required to retain the written application to purchase foreign exchange filled out by clients, including the supporting documents evidencing the required payments to be made within a period of six (6) months from the date of transaction. SCHEDULE A FX Form I Submission: DER (FED Form I) Deadline: Third (3rd) Revised 1998 banking days after the deadline of submission of Main Report; Schs. 2-7; 9-12 ___________________________ Name of Bank ____________________________ Address I HEREBY CERTIFY that the information contained in FX Form I Main Report and supporting schedules 2-7 and 9-12, covering the period _____________ to _________________ which were transmitted to the Department of Economic Research of the Bangko Sentral ng Pilipinas thru cc:mail is true and correct to the best of my knowledge and belief. _________________________ Signature of Authorized Officer Over Printed Name ______________________ ________________________ Date Designation SCHEDULE B FX Form I Submission: FED (FED Form I) Deadline: Third (3rd) Revised 1998 banking day after and of each week ____________________________ Name of Bank ____________________________ Address 1. FX Form I Schedule 8-Details of Spot and Forward FX Transactions 2. FX Form I Schedule 13-Foreign Exchange Position Report I HEREBY CERTIFY that the information pertaining to the daily reports under the above schedules covering the period _____________________________ to _________________________, which were transmitted to the Foreign Exchange Department of the Bangko Sentral ng Pilipinas thru cc: mail is true and correct to the best of my knowledge and belief. _________________________ Signature of Authorized Officer Over Printed Name ______________________ ________________________ Date Designation ATTACHMENT Example 1 Chronic Delays in Reporting 2 times delayed per month or 5 days continuous delay Case 1 5 days continuous delay Name of Report Main Report and Schedules 1-7; 9-12 5 days Continuous Delay Date of Report 1/ 8 April 1999 Due Date of Submission 16 April 1999 Actual Date of Submission 27 April 1999 Monetary Penalties Due: 19 April 1999 P200.00 20 200 21 200 22 200 23 2,200.00 2/ 26 2,200.00 27 - 28 - 29 - Total P5,200.00 1/ covering daily report for the week 2/ P2,000.00 additional monetary penalty for 5 banking days of continuous delay Case 2 at least 2 times delayed within a month Date of Report 1/ 8 April 1999 16 April 1999 Due Date of Submission 16 April 1999 23 April 1999 Actual Date of Submission 21 April 1999 27 April 1999 Monetary Penalties Due: 19 April 1999 P200.00 20 200 21 200 26 - 2,200.00 1/ 27 - 2,200.00 Total P600.00 P4,400.00 1/ P2,000.00 additional monetary penalty on two (2) times delayed within a month per banking day until the report/schedules are submitted. Example 2 - Chronic Delays in Reporting - More than 7 times delayed per month Name of Report - Schedule 8 and 13 Example 3 - Chronic Delays in Reporting - More than 2 times delayed per semester or 10 banking days continuous delay Case 1: Name of Report - Schedule 14 Case 2: Name of Report - Reconciliation Statement Example 4 Chronic delays in submission of amended report (Different Schedule) Sample Report Schedule 5 Schedule 6 Date of Report 5 April 1999 8 April 1999 Date of receipt of written notification 19 April 1999 22 April 1999 Due date of submission of amended report 20 April 1999 23 April 1999 Actual date of submission of amended reports 28 April 1999 30 April 1999 Monetary penalties due: 21 April 1999 P200.00 P 22 200 23 200 26 200 200 27 2,200.001/ 200 28 200 29 200 Total P3,000.00 P800.00 1/ P2,000.00 additional monetary penalty for 5 days continuous delay Example 5 Chronic delays in submission of amended reports (same schedule) Name of Report Schedule 5 Schedule 5 Date of Report 5 April 1999 8 April 1999 Date of receipt of written notification 19 April 1999 22 April 1999 Due date of submission of amended report 20 April 1999 23 April 1999 Actual date of submission of amended reports 28 April 1999 30 April 1999 Monetary penalties due: 21 April 1999 P200.00 P 22 200 23 200 26 200 2,200.00 2/ 27 2,200.001/ 2,200.00 28 2,200.00 29 2,200.00 Total P3,000.00 P8,800.00 1/ P2,000.00 additional monetary penalty for 5 times continuous delay in submission of amended report per banking day until the correctly submitted 2/ P2,000.00 additional monetary penalty for 2 times delay in submission of amended report within a month per banking day until correctly submitted ANNEX B MANUAL OF INSTRUCTIONS This Manual provides the definition of accounts and guidelines for accomplishing the Report on the foreign exchange transactions of commercial banks under the Consolidated Report on FX Assets and Liabilities (FX Form 1). LLjur I. PURPOSES FX Form 1 Report serves the following purposes: To establish on a current basis the international payment position of commercial banks. To serve as a database for the compilation of the balance of payments account of the country and, by extension, the national income accounts of the Philippines. To provide a basis for prudential supervision and monitoring compliance with foreign exchange regulations by the BSP. II. CONCEPT A. The data submitted under FX Form 1 will provide a systematic record of: 1. Transactions under the following mode: a. Actual receipts and disbursements of foreign exchange between residents and non-residents; b. Actual purchases and sales of foreign currency that are eligible to form part of the country's international reserve; c. Transfer of foreign assets to and from residents; 2. Foreign exchange transactions between residents and non-residents with the banks acting as intermediaries that will give rise to actual receipts and disbursements in the near future; and 3. Foreign exchange transactions undertaken by the bank for its own accounts resulting in contra-entries in the banks' monetary foreign exchange assets and liabilities. B. Definition of Resident and Non-Resident 1. Resident is an economic unit which has a center of economic interest in a given country. An entity has a center of economic interest in a given country when there exists some location (dwelling) place of production, or other premises within the economic territory on, in or from which the unit engaged and intend to continue engaging (either indefinitely or over a finite but lengthy period of time) in economic activities and transactions on a significant scale. Resident comprises the following types of economic units: a. An individual citizen of the Philippines residing therein; b. An individual who is not a citizen of the Philippines but is permanently residing therein; c. A corporation or other juridical person organized under the laws of the Philippines; d. A branch, subsidiary, affiliate, extension office or any other unit of corporations or juridical persons organized under the laws of any foreign country operating in the Philippines; e. The Philippine Government, its agencies and instrumentalities; and f. Non-profit institutions. 2. Non-resident an individual, corporation or other judicial person not included in the above definition of resident. It refers to an individual, enterprise or other organization ordinarily domiciled in a country other than the Philippines. Similarly, branches and subsidiaries of Philippine companies operating abroad are regarded as non-residents. III. DEFINITION OF ACCOUNTS Monetary Foreign Assets actual foreign currency denominated claims of the Philippine offices of banks from non-residents except Due from Other Banks-Local Banks FX Clearing; Non-monetary Foreign Assets actual foreign currency denominated claims of the Philippine offices of banks from residents, except Due from HO/Branches/Agencies Abroad-Assigned Capital-Regular; Monetary Foreign Liabilities actual foreign currency denominated obligations of Philippine offices of banks to non-residents except Due to Local Banks-FX Clearing; Non-monetary Foreign Liabilities actual foreign currency denominated obligations of Philippine offices of banks to residents, except Due to HO/Branches/Agencies Abroad-Assigned Capital-Regular. For the definition of the general ledger accounts under the main report (Consolidated Foreign Exchange Assets and Liabilities) refer to Manual of Accounts under Circular 108 dated May 09, 1996. IV. REPORTING PROCEDURES Consolidated Foreign Exchange Assets and Liabilities (Main Report Schedule 00 ) Report the daily balances of foreign exchange assets and liabilities for each unit under the columns for Regular and FCDU. Classify both assets and liabilities into monetary and non-monetary accounts. Net FX Position for International Reserves Purposes under item C (total monetary assets minus total monetary liabilities) should equal the Net FX Position, End of Day in Schedule 1. Daily Summary of Foreign Exchange Acquisitions/Dispositions (Schedule 1) Report the NET FX POSITION FOR INTERNATIONAL RESERVES PURPOSES PREVIOUS DAY . (Item C of Main Report Consolidated FX Assets and Liabilities) ADD : FX ACQUISITIONS actual foreign exchange receipts of residents from non-residents coursed through the local commercial banks, actual purchases of foreign exchange for pesos and actual cash transfers to residents from non-residents. A. Export Proceeds foreign exchange receipts arising from sales and shipments of goods to the other countries, including sale of gold to international market. B. Interbank Transactions foreign exchange acquisitions between Authorized Agent Banks (AABs) and BSP and among AABs themselves 1. From BSP 2. From Local Banks C. Others 1. FX Acquisition from Loan proceeds of foreign loans granted to residents as well as repayment of loans granted by residents, excluding banks' own transactions. 2. Direct Investments foreign exchange acquisitions from capital investments/withdrawal and interbranch placements/withdrawal. 3. Portfolio Investments foreign exchange remittances for investments in stocks, securities and deposit placements/withdrawal of portfolio investments abroad. 4. Other Current Accounts and Transfers Acquisitions foreign exchange receipts for services rendered by residents to non-residents, gifts/donations received from abroad and migrant's transfers. 5. Other FX Acquisitions other foreign exchange receipts not covered in the above accounts. 6. Financial Derivatives Acquisition foreign exchange receipts arising from settlement of financial derivatives transactions. LESS : FX DISPOSITIONS foreign exchange payments of residents to non-residents coursed through the local commercial banks, actual sales of foreign exchange for pesos and actual cash transfers to non-residents from residents. A. Import Payments foreign exchange payments of goods purchased and received from other countries. B. Interbank Transactions foreign exchange disposition between AABs and BSP and among AABs themselves. 1. To BSP 2. To Local Banks C. Others 1. FX Disposition for Loans repayments of foreign loans granted to residents as well as loans disbursed by residents to non-residents, excluding banks' own transactions, subject to existing regulations on foreign loans. 2. Direct Investments foreign exchange dispositions involving withdrawal of capital investments and interbranch placements of non-residents as well as residents' direct investment abroad. 3. Portfolio Investments foreign exchange dispositions involving withdrawal of non-residents' investments in stocks, securities and deposit placements as well as residents' portfolio investment abroad. 4. Other Current Accounts and Transfers Disposition foreign exchange payments for services rendered by non-residents, gifts/donations disbursed by residents and migrants' transfers. 5. Other FX Disposition other foreign exchange dispositions not covered in the above accounts. 6. Financial Derivatives Disposition foreign exchange payments for settlement of financial derivatives transactions NET FX ACQUISITION (DISPOSITION) NET FX POSITION FOR INTERNATIONAL RESERVES PURPOSES END OF DAY . (Item C of the Main Report) Interbank Transactions (Schedule 2) INTERBANK TRANSACTION CODES Classify according to the following transaction codes: A. Acquisition : From BSP/From Local Banks : 011/021 Spot Purchases and Deliveries on Swap, Forward and Other Financial Derivatives Transactions. Enter spot purchases and receipts from matured swap, forward and other financial derivatives transactions of foreign currencies against pesos. 012/022 Deposits/Placements/Loans Received. Enter principal amount received. cdll 013/023 Interest Income on Deposits/Placements/Loans/Investments. Enter interest income on deposit/placement received net of withholding tax. 014/024 Withdrawal of Deposits/Placements/Payments Received on Loans. Enter principal amount withdrawn. Roll-over of principal including interest should not be reported. For roll-over of principal excluding interest, report interest received as foreign exchange acquisition under transaction code 023. /025 Sale of New Money Bonds. Enter actual amount of foreign exchange received. 015/026 Sale of Government Bonds, Bills and Notes. Enter actual amount of FX received. /027 FX Clearing. Enter transactions with Citibank as the franchise holder of the Philippine Domestic Dollar Transfer System (PDDTS). Report under this code interest earned from PDDTS FX Clearing Account Citibank and availment of overdraft facility from Citibank. The PDDTS franchise holder should report an acquisition under this transaction code on the settlement date of the overdraft facility. /028 Sale of Private Bonds, Bills and Notes. Enter actual amount of foreign exchange received. B. Disposition : To BSP/To Local Banks 031/041 Spot Sales and Deliveries on Swap, Forward and Other Financial Derivatives Transactions. Enter spot sales and settlement of matured swap, forward and other financial derivatives transactions of foreign currencies against pesos. 032/042 Deposits/Placements/Loans Made. Enter principal amount paid. 033/043 Interest Expense on Deposits/Placements/Loans/Investments. Enter interest expense paid on deposits/placements net of withholding tax. 034/044 Payments on Deposits/Placements/Loans. Enter principal amount paid. For roll-over of principal plus interest should not be reported. For roll-over of principal excluding interest, report interest paid only under transaction code 043. /045 Purchase of New Money Bonds. Enter acquisition cost of New Money Bonds bought. 035/046 Purchase of Government Bonds, Bills and Notes. Enter acquisition cost of government bonds, bills and notes bought. /047 FX Clearing. This transaction code is for the use of the franchise holder of the Philippine Domestic Dollar Transfer System (PDDTS) only. Enter interest paid to the participating banks as well as their availment of the overdraft facility. /048 Purchase of Private Bonds, Bills and Notes. Enter acquisition cost of private-issued bonds, bills and notes bought. 036/ Surrender of Gold Proceeds. Proceeds from buying gold sold to BSP. BANK CODE Enter counterparty bank code. Refer to list of valid bank code. DEAL DATE Enter date of contract DEALING CODE Classify the transaction into the following codes: 1 with Philippine Dealing System (PDS) 2 outside PDS EXCHANGE RATE Buying Use buying rate for spot purchases/deliveries of swap, etc. Selling Use selling rate for spot sales/deliveries of swap, etc. BOOK CODE 1 FX Regular interbank transactions in foreign currency against pesos. 2 FCDU interbank transactions of the FCDUs. CURRENCY CODE Refer to list of valid currency code. AMOUNT Enter the amount in US$ equivalent. FX Acquisition from Loans (Schedule 3) LOAN TRANSACTION CODE Classify according to the following transaction codes: 010 Foreign Loan Availment of Residents proceeds of resident's Loan from foreign creditors, excluding banks own transaction. 020 Export advances foreign exchange proceeds from advance payment on exports. 030 Repayment of loans granted to non-residents payment of non-resident's loan granted by residents, subject to existing regulations on foreign loans. BANK REF . NO . /BSP DAN Enter Bank Reference No. or BSP Debt Account No. for BSP registered accounts, M.B. Resolution No. for BSP-approved accounts and the L/C No. for accounts covered by an L/C. CREDIT FACILITY CODE Enter the appropriate credit facility code as follows: 1 Short term loan with maturities of one year or less 2 Medium and Long Term loan with maturities of over one year DEBTOR CODE Refer to list of valid debtor codes. CREDITOR CODE Refer to list of valid creditor codes. DUE DATE Enter due date of the loan in ccyymmdd. CURRENCY CODE Refer to list of valid currency codes. BOOK CODE Enter the appropriate book code as follows: 1 FX Regular loan availments converted to pesos. 2. FCDU loan availments deposited to FCD account. AMOUNT OF AVAILMENT In Original Currency Enter in original currency the principal value of cash remittance (in case of foreign cash loans) and/or shipments received (in the case of suppliers credit). In US$ Equivalent Enter the US$ equivalent of the amount of availment in original currency on transaction date. FX Disposition for Loans (Schedule 4) LOAN TRANSACTION CODE Classify according to the following transaction codes: 010 Repayment of foreign loans by residents payment of residents' loan to foreign creditors, excluding bank's own transactions. 020 Repayment of Export advances a non-add item under FX disposition representing value of export shipment applied to payment of export advances. 030 Foreign Loans Granted by residents payment of loan granted by residents to foreign creditors, subject to existing regulations on foreign loans. BANK REF . NO . /BSP DAN/MEDD REG . NO . Enter the appropriate reference number assigned to these accounts upon availment of loan. CREDIT FACILITY CODE Enter the appropriate credit facility code as follows: 1 Short term loan with maturities of one year or less 2 Medium and Long Term loan with maturities of over one year DEBTOR CODE Refer to list of valid debtor codes. CREDITOR CODE Refer to list of valid creditor codes. COUNTRY CODE Refer to list of valid country codes. DUE DATE Enter due date of principal and/or interest payments in ccyymmdd. CURRENCY CODE Refer to list of valid currency codes. BOOK CODE Enter the appropriate book code as follows: 1 FX Regular loan repayments serviced through the bank. 2 FCDU loan repayments withdrawn from FCD account. PRINCIPAL PAYMENT Enter amount of principal payment actually remitted in both original currency and US$ equivalent. Other Current Account And Transfers-Acquisition (Schedule 5) OTHER CURRENT ACCOUNTS AND TRANSFERS TRANSACTION CODE Classify according to the following transaction codes: A. Services Freight and Insurance 110- Freight on merchandise exports receipts of resident carriers from non-residents relative to merchandise exports. 111- Freight on merchandise imports receipts of resident carriers from non-residents relative to merchandise imports. 112- Premiums and merchandise shipments premiums received by resident insurance companies relative to merchandise exports/imports. 113- Claims on merchandise insurance receipts of residents from foreign insurance companies representing settlement of claims for merchandise shipments lost or damaged while in transit. Transportation 120- Passenger fares receipts of resident shipping and airline companies for services provided in international transportation of persons. 121- Charter fees of sea and air domestic carriers representing fees for charter/time parties' contract of affreightment. 122- Port disbursements receipts for fuel, oil, ships' store and similar supplies, stevedoring, harbor and airfield fees, tonnage fees, repairs and maintenance of vessels and aircraft of foreign registry 123- Operational lease receipts of rental of vessels, aircraft, freight cars or other commercial vehicles with crews for limited periods for carriage of freight and passengers, including towing and transportation of oil platforms, floating cranes and dredges. 124- Transportation commissions and fees include commissions and agents' fees associated with passenger and freight transportation. 129- Other transportation and auxiliary services receipts for services provided in ports, airports and other terminal facilities. Travel 130- Personal travel expenditures in the Philippines of travelers for purposes other than business such as leisure, recreational and cultural activities. 131- Business travel all expenses in the Philippines incidental to travel including personal acquisition of goods and services. 132- Students remittances to persons studying in the Philippines for maintenance, tuition, books and other educational expenses. 133- Government officials expenditures for foreign government officials visiting the Philippines. 134- Proceeds of international credit cards receipts and earnings of companies from the travelers' use of international credit cards. 135- Health and medical treatment, pilgrimages, etc. covers expenditures in the Philippines of travelers for medical care treatment, visits to friends and relatives, pilgrimage and religions observances. 136- Expenditures of foreign military personnel in the Philippines cover all expenses of foreign military personnel visiting the Philippines. 137- Seminar/Training expenses of non-residents expenditures of non-residents for their training and seminars in the Philippines. Government Services 140- U.S. government expenditures sale of foreign exchange by US government agencies in the Philippines for the maintenance of their offices in the Philippines. 149- Other foreign government expenditures sale of foreign exchange by other foreign governments in the Philippines for the maintenance of their offices in the Philippines. Miscellaneous Services 170- Premiums on non-merchandise insurance/reinsurance receipts by local insurance companies representing payment of premiums on life and non-life insurance. 171- Claims on non-merchandise insurance/reinsurance receipts by resident beneficiaries from foreign insurance companies representing settlement of claims on life and non-life insurance. 172- Merchanting and other trade related services receipts of resident merchants covering the difference between the value of goods when acquired and sold and other trade related services on goods and service transactions. 173- Construction services receipts for work performed on construction projects and installations by employees of an enterprise located outside the economic territory of the enterprise which include site preparation and goods imported for the projects. 174- Advertising receipts of local firms for advertising services rendered here or abroad for foreign companies including purchase and sale of advertising space, exhibition services provided by trade fairs and promotion of products abroad. 175- Subscription receipts of local publications from foreign subscribers. 176- Research and development services associated with basic and applied research and experimental development of new products and processes. 177- Professional, technical and other businesses receipts for services involving accounting, management consulting, legal advices and other businesses providing advices, guidance or operational assistance to business. 178- Audiovisual and related services services and associated fees related to the production of motion pictures, radio and TV programs and musical recording. 179- Royalties and license fees fees received from non-residents for use of intangible, non-produced, non-financial assets and proprietary right such as patents, copyrights, trademarks and licensing agreements of produced originals or prototypes. 180- Leasing of building and other real estate properties gross receipts for lease of real estate in the Philippines. 181- Telecommunications, postal and courier services receipts of local entities for transmission of sound, images, or other business network services, postal and courier services including post office counter and mailbox rentals. 182- Services between affiliated enterprises remittances for overhead expenses and subsidies between offices, branches, affiliates and other related entities located abroad. 183- Rental fee of equipment and other operational leasing receipts for lease and charter of ships, aircraft, and other transportation equipment without crews or operators. 184- Financial services receipts for financial intermediary and auxiliary services associated with letters of credit, bankers acceptances, financial leasing and commissions and other related fees including normal bank charges. 185- Computer and information services receipts for computer data and news-related services transactions including hardware consultancy and other database services. 186- Personal, cultural and recreational services receipts from personal, cultural, and recreational services associated with museums, libraries, archives, and other cultural, sporting, and recreational activities. 190- Other miscellaneous services receipts for all categories of services other than those previously defined. (specify) a. ___________ b. ___________ c. ___________ B. Income Investment Income/Interest on Loans Earnings, profits and dividends from investments abroad 210 Income on resident direct equity investment abroad 211 Income on inter-branch/company borrowings 212 Income on resident portfolio investments abroad foreign government issued bonds, bills and notes 213 Income on resident portfolio investments abroad foreign private issued bonds, bills and notes 214 Income on resident portfolio investments abroad foreign listed stocks 215 Income on resident portfolio investments abroad money market instruments 216 Income on resident portfolio investments abroad negotiable certificates of deposits 217 Income on residents' other deposits abroad 220 Interest income earned by non-bank residents on loans granted to foreign parties 221 Interest income earned by local banks on loans granted to foreign parties 222 Interest income on FCDU deposits/placements maintained as working fund with foreign banks 223 Interest income on RBU deposits/placements maintained as working fund with foreign banks 230 Gain realized on sale of residents' real properties abroad Compensation Income receipts sourced from salaries/earnings of overseas workers and resident aliens. 240 Land-based 241 Sea-based 242 Earnings of resident aliens 243 Earnings of residents employed with supranationals and other local branches of foreign banks C. Transfers Current 310 Gifts, donations received by public/private institutions including missionary, educational and other benevolent contributions 311 Gifts, donations received by individuals 312 Government taxes, fines and penalties Capital Transfer 320 Migrants/immigrants' transfer of assets 321 Receipts from sales, of patents, trademarks, copyrights, franchises and inventions 329 Other capital transfers COUNTRY CODE ORIGIN Enter appropriate country code of remitter (other than bank). Refer to list of valid country codes. NAME BENEFICIARY Enter the names of the individual and corporate beneficiaries. For personal income of overseas Filipino contract workers (OFWs) under allotment payroll, enter the names of the companies receiving the remittances in behalf of the allottees of the OFWs. BOOK CODE Enter appropriate book code as follows: 1- FX Regular FX receipts converted to pesos 2- FCDU FX receipts deposited to FCD account CURRENCY CODE Enter original currency code. Refer to list of valid currency codes. AMOUNT US$ EQUIVALENT Enter the amount in US$ equivalent. Other Current Accounts And Transfers Disposition (Schedule 5) OTHER CURRENT ACCOUNT AND TRANSFERS TRANSACTION CODE Classify according to the following transaction codes: A. Services Freight and Insurance 610 Freight on merchandise exports payments to foreign carriers for shipments of merchandise exports from the Philippines to foreign countries. 611 Freight on merchandise imports payments to foreign carriers for shipments of merchandise imports from foreign countries to the Philippines. 612 Premiums on merchandise shipments premiums paid by residents to foreigners on imports insured abroad. 613 Claims on merchandise insurance payments by resident insurance firms to non-residents for merchandise exports lost or damaged while in transit. Transportation 620 Passenger fares payment by residents to foreign sea and air carrier for services provided in the international transportation of persons including package tour, charges for excess baggage, vehicles, or other personal accompanying effects and expenditures for food, drink, or other items while on board. 621 Charters of sea and air foreign carriers payment by residents to non-residents for charter/time parties' contract of affreightment. 622 Port disbursements disbursements abroad for fuel, oil, ships, stores and similar supplies, harbor and airfield fees, tonnage and repairs and maintenance of vessels and aircrafts of Philippine registry. 623 Operational lease payments for rental of vessels, aircraft, freight cars or other commercial vehicles with crews for limited periods for carriage of freight and passengers, including towing and transportation of oil platforms, floating cranes, and dredges. 624 Transportation commissions and fees payment for commissions and agents' fees associated with passenger and freight transportation. 629 Other transportation and auxiliary services payment for services provided in ports, airports and other terminal facilities. Travel 630 Personal Travel expenditures abroad of resident travelers for purposes other than business such as leisure, recreational and cultural activities. 631 Business Travel expenditures abroad of resident business traveler including acquisition of goods and services. 632 Students remittances to persons studying abroad for maintenance, tuition, books and other educational expenses. 633 Government officials expenditures of local government officials abroad. 634 Payment for international credit cards payments to foreign companies from the resident travelers' use of international credit cards. 635 Health and medical treatment, pilgrimages, etc. expenditures abroad of Filipino travelers for medical care treatment, visits to friends and relatives, pilgrimage and religious observances. 636 Living and maintenance expenses expenditures abroad of dependents of Philippine residents. 637 Seminars/trainings abroad of residents expenditures of residents for their training and seminars abroad. Government Services 640 Maintenance of diplomatic and consular offices remittance for the maintenance of diplomatic and consular offices abroad. 649 Other government expenditures expenditures abroad by military and other government agencies of the Philippines stationed in foreign countries. Miscellaneous Services 670 Premiums on non-merchandise insurance/reinsurance payment for premiums by residents to non resident insurance companies for life, marine, fire and other insurance risks. 671 Claims on non-merchandise insurance/reinsurance payment by resident insurance companies to non-residents for settlement of claims on life and non-life insurance. 672 Merchanting and other trade related services payment to non-resident merchants for the difference between the value of goods acquired and sold and other related services on goods and service transactions. 673 Construction services payment to foreign contractors for work performed on construction projects including goods provided for the projects. 674 Advertising payments by residents for advertising services abroad including purchase and sale of advertising space. 675 Subscription payments of subscriptions to foreign publications. 676 Research and development payment to non-residents for services associated with basic and applied research and experimental development of new products and processes. 677 Professional, technical and other businesses payment for services rendered by non-residents involving accounting, management consulting, legal advices and other businesses providing advices, guidance or operational assistance to business. 678 Audiovisual and related services payment for services and associated fees related to the production of motion pictures, radio, and TV programs and musical recording. 679 Royalties and license fees payment for the use of intangible, non-produced, non-financial assets and proprietary rights such as patents, copyrights, trademarks and licensing agreements of produced originals or prototypes. 680 Leasing of building and other real estate properties payment for lease or real properties located abroad. 681 Telecommunications, postal and courier services payment for transmission of sound, images or other information by telephone, telex, telegram, cable broadcasting, satellite or other business network services, postal and courier services including post office counter and mailbox rentals. 682 Services between affiliated enterprises remittances for overhead expenses and subsidies between offices, branches, agencies, affiliates and other related entities located abroad. 683 Rental fee of equipment and other operational leasing payment for lease and charter of ships, aircraft, and other transportation equipment without crews or operators. 684 Financial services payment for financial intermediary and auxiliary services associated with letters of credit, bankers' acceptances, financial leasing and commissions and other related fees including normal bank charges. 685 Computer and information services payment for computer data and news-related service transactions including hardware and software consultancy and other database services. 686 Personal, cultural and recreational services payment for personal, cultural, and recreational services associated with museums, libraries, archives, and other cultural, sporting, and recreational activities. 690 Other miscellaneous services payment for all categories of services other than those previously defined. (specify) a. ___________ b. ___________ c. ___________ B. Income Payment Investment Income/Interest Payment Earnings, profits, dividends, interest payments from investments in the Philippines 710 Income payment on non-resident direct equity investment 711 Income payment on inter-branch/company borrowings 712 Income payment on non-resident portfolio investments in the Philippines Philippine government issued bonds, bills and notes 713 Income payment on non-resident portfolio investments in the Philippines Philippine private issued bonds, bills and notes 714 Income payment on non-resident portfolio investments in the Philippines Philippine listed stocks 715 Income payment on non-resident portfolio investments in money market instruments 716 Income on non-resident portfolio investments in negotiable certificates of deposits 717 Income payment on non-residents' other deposits in the Philippines 720 Interest payment by non-bank residents on loans granted by foreign parties 721 Interest payment made by local banks on loans granted by foreign parties 722 Interest payment on FCDU deposits to resident non-banks 723 Interest payment on FCDU deposits to non-residents 730 Outward remittance of income from real estate properties owned by non-residents Compensation Income 740 Earnings of resident aliens earnings of foreigners employed in resident firms remitted abroad including salaries and/or allowances and savings of foreign technicians. C. Transfers Current 810 Foreign exchange donations/gifts remitted to non-residents by resident public/private institutions, including missionary, educational and other benevolent contributions and non-contractual pension payments. LexLib 811 Foreign exchange donations/gifts made by resident individuals to non-residents 812 Payment of government taxes, fines and penalties Capital Transfer 820 Transfer of assets of intending emigrants 821 Payment for acquisition of patents, trademarks, copyright, franchise and inventions 829 Other capital transfers COUNTRY CODE DESTINATION Enter appropriate country code of the foreign beneficiary. Refer to list of valid country codes. NAME REMITTER Enter individual or corporate names of remitting party. For amounts withdrawn from FCD accounts, indicate the nature of business of the depositor and residency. BOOK CODE Enter the appropriate book code as follows: 1- FX Regular FX payments funded by pesos 2- FCDU FX payments withdrawn from FCD account CURRENCY CODE Enter original currency code. Refer to list of valid currency codes. AMOUNT US$ EQUIVALENT Enter the amount in US$ equivalent. Investments Acquisition and Disposition (Schedule 6) INVESTMENT TRANSACTION CODE Classify according to the following transaction codes: I. Direct Investments A. Acquisition : Proceeds of non-residents' direct investment in the Phils . 110 Equity investments non-residents' capital contribution in a local firm or enterprise to create or expand some kind of permanent interest as evidenced by banks' documentation of foreign exchange proceeds converted to pesos. 120 Inter-branch/company borrowings loans and advances granted by non-residents to local branches and subsidiaries/affiliates 130 Purchase of condominium units and other structures non-residents acquisition of commercial and industrial buildings, condominium and other dwelling units in that Philippines. Withdrawal of residents' direct investment abroad 160 Equity investments repatriation of residents' capital contribution or shareholdings in foreign companies 170 Inter-branch/company borrowings settlement of loans and advances granted by residents to foreign branches, subsidiaries/affiliates 180 Sale of real properties proceeds from sale of land, buildings and other structures located abroad B . Disposition Outward remittance of residents' direct investments abroad 210 Equity investments capital contribution of residents to firms or enterprises abroad 220 Inter-branch/company borrowings loans and advances granted by residents to foreign branches and subsidiaries/affiliates and head office. 230 Purchase of real properties residents' acquisition of land, buildings and structures located abroad Withdrawal of non-residents' direct investments from the Philippines 260 Equity investments repatriation of non-residents' capital contribution in a local firm of enterprise 270 Inter-branch/company borrowings settlement of loans granted to local branches, subsidiaries/affiliates or head office. 280 Sale of condominium units and other structures remittance of proceeds from sale of non-residents' condominium units and other structures INVESTEE Name : 110-120 indicate the residents' name 130-180 No entry 160-170 indicate the non-residents' name 210-220 indicate the non-residents' name 230-280 No entry 260-270 indicate residents' name Type : Classify into bank or non-bank. INVESTOR Name : 110, 120 and 130 indicate name of the non-resident/foreign company 160, 170 and 180 indicate name of resident/local company 210, 220 and 230 indicate residents' name 260, 270 and 280 indicate name of the non-resident/foreign company Type : Classify the investor into bank or non-bank. COUNTRY CODE Origin : 110-130 indicate the country code of non-resident investor 160-170 indicate the country code of the non-resident investee Destination : 210-230 indicate the country code of the non-resident investee SECURITIES Indicate name of issuer. BOOK CODE Enter the appropriate book code as follows: 1- FX Regular Acquisition converted into pesos Disposition funded by pesos 2- FCDU Acquisition deposited to FCDU Disposition withdrawn from FCDU CURRENCY CODE Enter the original currency. Refer to list of valid currency codes. AMOUNT Indicate the amount in original currency and US$ equivalent using the rate at day of the transaction. II. Portfolio Investments A. Acquisition : Proceeds of non-resident portfolio investments in the Phil . 311 Philippine government issued bonds, bills and notes non-residents' purchase of these debt papers issued by the national government, government corporations and the BSP. 312 Philippine private issued bonds, bills and notes non-residents' purchase of these debt papers issued by private entities. 320 Philippine listed stocks non-residents' purchase of these instruments issued by resident private corporations through the stocks exchange. 330 Money market instruments non-residents purchase' of resident-issued commercial and financial paper, and bankers acceptances. 340 Negotiable certificates of deposits non-residents' purchase of FRCDs and other foreign currency denominated certificate of deposits issued by resident banks. 350 Peso deposits of non-residents funded by inward remittance temporary parking of funds in peso deposit accounts by non-residents ultimately intended for the acquisition of the above instruments issued by residents. Withdrawal of residents' portfolio investments abroad 411 Foreign government issued bonds, bills and notes proceeds from sale by residents of their holdings of bonds, bills and notes issued by foreign governments. 412 Foreign private issued bonds, bills and notes proceeds from sale by residents of their holdings of bonds, bills and notes issued by foreign private entities. LibLex 420 Foreign listed stocks proceeds from sale by residents of their holdings of stocks and securities of non-resident private corporations issued through foreign stocks exchanges. 430 Money market instruments proceeds from sale by residents of their holdings of commercial and finance papers and bankers' acceptances issued by non-residents. 440 Negotiable certificates of deposits proceeds from residents' sale/disposal of certificate of deposits issued by non-resident banks 450 Other bank deposits residents' withdrawal of foreign currency deposits abroad. FCDUs' Sale of Philippine-issued bonds, bills and notes: 511 Sale of Philippine government bonds and securities to resident non-banks. 512 Sale of Philippine government bonds and securities to non-residents. 521 Sale of resident private corporate bonds and securities to resident non-banks. 522 Sale of resident private corporate bonds and securities to non-residents. B. Disposition : Outward remittance of residents' portfolio investments abroad 611 Foreign government issued bonds, bills and notes residents' purchase of bonds, bills and notes issued by foreign government. 612 Foreign private issued bonds, bills and notes residents' purchase of bonds, bills and notes issued by private entities. 620 Foreign Listed stocks residents' purchase of stocks instruments issued by non-resident private corporations through the foreign stocks exchanges. 630 Money market instruments residents' purchase of commercial and financial papers and bankers' acceptances issued by non-residents. 640 Negotiable certificates of deposits residents' acquisition of certificates of deposits issued by non-resident banks 650 Other bank deposits residents' deposits/placements in banks abroad. Withdrawals of non-residents' portfolio investments from the Philippines 711 Philippine government issued bonds, bills and notes sale by non-residents of their holdings of bonds, bills and notes issued by the national government and government corporations. 712 Philippine private issued bonds, bills and notes sale by non-residents of their holdings of bonds, bills and notes issued by private entities. 720 Philippine listed stocks sale by non-residents of their holdings of resident stocks instruments through the stocks exchange. 730 Money market instruments sale by non-residents of their holdings of commercial and financial papers and bankers' acceptances issued by residents. 740 Negotiable certificates of deposits divestments by non-residents of certificates of deposits (NRCDs) issued by resident banks. 750 Other bank deposits withdrawal of non-resident's peso deposit from Philippine banks. FCDUs' purchase of Philippine-issued bonds, bills and notes: 811 Purchase from resident non-banks of foreign currency denominated Phil. government bonds and securities. 812 Purchase from non-residents of foreign currency Phil. government bonds and securities issued abroad. 821 Purchase from resident non-banks of foreign currency denominated Phil. issued private bonds and securities. 822 Purchase from non-residents of foreign currency denominated Phil. issued private bonds and securities issued abroad. INVESTEE 311-750 Blocked under portfolio investment. 811-812 Indicate 2 Non-Bank 821-822 Indicate 2 Non-Bank INVESTOR 311-350 indicate name of non-resident investor and classify into bank or non-bank. 411-450 indicate name of resident investor and classify into bank or non-bank. 511, 512 521, 522 indicate name of purchaser and classify into non-residents bank or non-bank. 611-650 indicate name of resident investor and classify into bank or non-bank. 711-750 indicate name of the non-resident investor and classify into bank or non-bank. COUNTRY CODE 311-350 indicate country code of non-resident investor/depositor. 411-440 indicate country of issuer of the bonds. 450 indicate country code of non-resident depository bank. 611-640 indicate country code of issuer of the bonds and other investments. 650 indicate country code of the depository bank 711-750 indicate country code of the non-resident entity divesting itself of resident bonds and securities NAME OF SECURITIES 311-340 and 711-750 indicate the name of the resident issuer 411-440 and 611-640 indicate the name of the non-resident issuer 511 and 521 indicate the name of the resident issuer of bonds and securities 512 and 522 indicate the name of the resident issuer of bonds and securities 811 and 821 indicate the name of the resident issuer of bonds and securities 812 and 822 indicate the name of the resident issuer of the bond and securities BOOK CODE A. Acquisition : Enter the appropriate book code as follows: 1- FX Regular amount converted to peso 2- FCDU amount deposited to foreign currency deposit account B. Disposition : Enter the appropriate book code as follows: 1- FX Regular amount funded by peso 2- FCDU amount withdrawn from foreign currency deposit account CURRENCY CODE Enter the original currency code. AMOUNT Indicate the amount in original currency and the US$ equivalent using the exchange rate at the day of the transaction. Other Foreign Exchange Acquisitions/Dispositions (Schedule 7) TRANSACTION CODE Classify according to the following transaction codes: I. Other FX Acquisitions: 110 Residents' deposit of proceeds of FCDU loans granted by other bank's FCDU 120 Non-bank residents' deposit of withdrawal from FCD accounts with other banks 131 Conversion for pesos of non-residents' withdrawal from FCD accounts for direct investment 132 Conversion for pesos of non-residents' withdrawal from FCD accounts for portfolio investment 133 Conversion for pesos of non-residents' withdrawal from FCD accounts for other purposes 140 Collection of FCDU loan principal 150 Conversion for pesos of proceeds of FCDU loans 160 Normal charges on FCDU loans granted 170 Interest income on FCDU loans granted 180 Interest earned on Philippine issued bonds, bills and notes 191 Gain realized on sale of Philippines issued bonds, bills and notes to resident non-banks 192 Gain realized on sale of Philippine issued bonds, bills and notes to non-resident banks and non-banks 200 Acquisition from self-funded imports including application of proceeds of FCDU loans 210 Unused travel funds 221 Over-the-counter conversion for pesos of foreign currencies from non-resident tourist 222 Over-the-counter conversion for pesos of foreign currencies from resident 230 Transfer of FCDU profit to RBU (if recorded on different dates). 240 Gain realized on revaluation adjustments-for foreign currency 260 Surrender of FX withdrawn from FCD account of resident non-banks (applicable only if the corresponding withdrawal is recorded on a different date or unresponded. If withdrawal and surrender are recorded on the same day, transaction should be considered as wash transaction). 299 FX acquisition other than those previously defined. Indicate description of the transaction reported under this code. II. Other FX Dispositions 610 Residents' withdrawal for payment of FCDU loans including interest, granted by other bank's FCDU 620 Residents' withdrawal for deposit to other FCD accounts 630 Reconversion of unused/unspent pesos for dollars 640 FCDU loans granted to residents 650 Sale of FX to settle FCDU loans 660 Sale of FX to settle interest on FCDU loans 671 Interest payment on Philippine-issued government bonds, bills and notes 672 Interest payment on Philippine-issued private bonds, bills and notes 681 Loss incurred on sale of Philippine issued bonds, bills and notes to resident non-banks 682 Loss incurred on sale of Philippine issued bonds, bills and notes to non-resident banks and non-banks 690 Loss incurred on revaluation adjustments 799 FX disposition other than those previously defined. Indicate description of the transaction reported under this code. COUNTRY CODE Enter country code of the remitter for acquisition and country code of the beneficiary for disposition. Refer to list of valid country codes. CURRENCY CODE Enter the original currency and refer to list of valid currency codes. BOOK CODE Enter the appropriate book code as follows: 1- FX Regular Acquisition converted into pesos Disposition funded by pesos 2- FCDU Acquisition deposited to FCDU Disposition withdrawn from FCDU AMOUNT US$ EQUIVALENT Enter the amount in its US$ equivalent. Details of Spot and Forward FX Transactions (Schedule 8) This schedule covers contingent FX Transactions on Spot and Forward. FX acquisitions/dispositions arising from settlement of these Spot and Forward transactions including settlement of other financial derivatives transactions should be reported under Schedule 2 (Interbank), if the counterparty is BSP or other local banks; if the counterparty is resident non-bank or non-resident bank and non-bank. Export Proceeds (Schedule 9) EXPORT TRANSACTION CODE Classify according to the following transaction codes: 010 Bills Purchased the covering drafts/bills of exchange purchased by the authorized agent bank (AAB), the foreign exchange or peso equivalent of which is paid to the exporter upon negotiation. 020 Bills Collected the covering drafts/bills of exchange paid thru the correspondent/foreign bank to the negotiating bank in favor of the exporter. 080 Adjustment-increase additional export receipts 090 Adjustment-decrease refund and/or cancellation of export receipts. EXPORTER CODE Enter exporter code. Refer to list of valid exporter codes. COUNTRY CODE Enter country code of destination of goods. Refer to list of valid country codes MODE OF PAYMENT Enter mode of payment of exports classified into the following: 1- Letter of Credit (LC) A written instrument issued by a foreign bank upon the request of its client, the foreign buyer-importer, allowing the seller-exporter to draw drafts/be paid subject to compliance with the terms and conditions stated in the written instrument. 2- Documents Against Payment (DP) shipping documents are released to the buyer by the foreign bank concerned thru the exporter's bank only upon receipt of the buyer's payment for the shipment thru the former bank. 3- Document Against Acceptance (DA) the shipping documents are released to the buyer by the foreign bank concerned thru the exporter's bill of exchange, obligating to pay for the shipment at some future date. 4- Open Account (OA) Arrangement the shipping documents are sent and released by the exporter directly to the buyer, without coursing the documents thru the banks, upon the buyer's promise to pay at some future date after shipment. 5- Direct Remittance shipping documents are sent directly to foreign buyer. 9- Others mode of payment other than those previously defined. BOOK CODE Enter the appropriate book code as follows: 1- FX Regular export proceeds converted to pesos 2- FCDU export proceeds deposited to FCD account. CURRENCY CODE Enter original currency code. Refer to list of valid currency codes. AMOUNT IN US$ EQUIVALENT Enter the US$ Equivalent of export proceeds received. Import Letters of Credit (LCs) Opened ; Records Of Goods Imported (RGI) Under DA-OA, DP And Intercompany Open Account Offsets (Schedule 10) a listing of import LCs opened by commercial banks, DA/OA availments, DP and intercompany open account offsets. MODE OF PAYMENT Enter mode of payment for imports classified into the following arrangements: 1- Letter of Credit (LC) A draft on one bank by another issued to guarantee the payment of an import transaction. LCs must be opened on or before shipment date and must be accompanied by the supplier's proforma invoice or firm offer. Only one LC should be opened for each import transaction. 2- Document Against Payment (DP) is a non-LC import arrangement wherein the original shipping documents are released to importer by the local bank only upon receipt of the payment. Commercial banks shall remit payment to the supplier through the correspondent bank abroad. 3- Documents Against Acceptance (DA) is a non-LC import arrangement wherein the shipping documents are released to the importer by the local bank concerned thru the seller's bank upon the importer's acceptance of the seller's bill of exchange. Registration with the BSP is required. 4- Open Account (OA) Arrangement is a non-LC import arrangement wherein shipping documents are sent and released by the seller directly to the importer without coursing the documents thru the banks, upon the importer's promised to pay at some future date after shipment. Registration with BSP is required. 9- Others mode of payment other than those previously defined. IMPORT STATUS CODE Classify status of import into the following: 1- Unconfirmed 2- Amendment 3- Confirmed 4- Self-funded LC NO . /RGI-BRN/BSP REG . NO . Enter LC No./Records of Goods Imported-Bank Reference No./BSP Registration No. IMPORTER CODE Enter importer code. Refer to list of valid importer codes. COUNTRY CODE Enter country code of the origin of goods. Refer to list of valid country codes. LC EXPIRY/DA-OA MATURITY DATE Enter LC Expiry/DA-OA/DP maturity date in CCYYMMDD. CURRENCY CODE Enter original currency code. Refer to list of valid currency codes AMOUNTING US$ EQUIVALENT Enter the US$ equivalent of imports on transaction late. Import Payments (Schedule 11) IMPORT TRANSACTION CODE Classify according to the following transaction codes: 010 Import payment settlement of import obligation/payment to suppliers 080 Adjustment-increase additional import payments 090 Adjustment-decrease refund/rebate/discount of import payments MODE OF PAYMENT Enter mode of payment for imports classified into the following arrangements: 1- Letter of Credit (LC) A draft on one bank by another issued to guarantee the payment of an import transaction. LCs must be opened on or before shipment date and must be accompanied by the supplier's proforma invoice or firm offer. Only one LC should be opened for each import transaction. 2- Document Against Payment (DP) is a non-LC import arrangement wherein the original shipping documents are released to importer by the local bank only upon receipt of the payment. Commercial banks shall remit payment to the supplier through the correspondent bank abroad. 3- Documents Against Acceptance (DA) is a non-LC import arrangement wherein the shipping documents are released to the importer by the local bank concerned thru the seller's bank upon the importer's acceptance of the seller's bill of exchange. Registration with the BSP is required. 4- Open Account (OA) Arrangement is a non-LC import arrangement wherein shipping documents are sent and released by the seller directly to the importer without coursing the documents thru the banks, upon the importer's promised to pay at some future date after shipment. Registration with BSP is required. 5- Direct Remittance (DR) a non-LC import arrangement wherein the shipping documents are released directly to the importer. This may be serviced by the commercial bank only upon presentation of the complete shipping documents. 9- Others other import mode of payments not previously defined. BSP REGISTRATION NO . /BANK REFERENCE NO . /LC NO . Enter BSP Registration No./Bank Reference No./LC No. IMPORTER CODE Enter importer code. Refer to list of valid importer codes. COUNTRY CODE Enter country code of origin of goods. Refer to list of valid country codes. BOOK CODE Enter only under Book Code 1 FX Regular. CURRENCY CODE Enter original currency code. Refer to list of valid currency codes. AMOUNT US$ EQUIVALENT Enter the US$ equivalent of import payment on transaction date. Spot and Financial Derivatives Acquisition And Disposition (Schedule 12) FINANCIAL DERIVATIVES TRANSACTION CODE Classify according to the following transaction codes: Spot : 020 Settlement of spot gain/loss Forwards : 120 Settlement of forward gain/loss Swaps : 230 Interest received on interest rate swap Options : 310 Premium received on sale of call/put option of FX currencies against pesos 330 Gain realized from exercise of option Futures : 410 Receipts of margin deposits on future contracts 420 Gain on financial futures 430 Refund of margin deposits 440 Receipts of brokerage fee on financial futures B. Disposition : Spot : 520 Settlement of spot gain/loss Forwards : 620 Settlement of forward gain/loss Swaps : 730 Interest paid on interest rate swap Options : 810 Premium paid on purchase of call/put option of FX currencies against pesos 830 Loss from exercise of option Futures : 910 Payment of margin deposits on future contracts 920 Loss from financial futures 930 Refund of margin deposits 940 Payment of brokerage fee on financial futures COUNTERPARTY Name : FX Acquisition Enter the name of the counterparty remitter. FX Disposition Enter the name of the counterparty beneficiary. Type : Classify into the following counterparty code: 1- Resident non-bank 2- Non-resident bank 3- Non-resident non-bank COUNTRY CODE FX Acquisition- Enter the country code of the counterparty remitter. Refer to list of valid country code. FX Disposition- Enter the country code of the counterparty beneficiary. Refer to list of valid country code. DEAL DATE Enter date of contract DEALING CODE Classify the transaction into the following: 1- With Philippine Dealing System 2- Outside Philippine Dealing System BOOK CODE Enter the appropriate book code as follows: 1- FX Regular Acquisition Receipts arising from settlement of financial derivatives transactions of foreign currencies against pesos. Disposition Payment for settlement of financial derivatives of foreign currency against pesos. 2- FCDU no effect on acquisition/disposition CURRENCY CODE Enter the original currency code. Refer to list of valid currency codes. AMOUNT US$ EQUIVALENT Enter the amount in its US$ equivalent. Foreign Exchange (FX) Position Report (Schedule 13) Covers the bank's report on net foreign exchange position pursuant to BSP Circular No. 1327, as amended and other governing BSP circulars and circular letters on banks' net foreign exchange position. This schedule has not yet been revised except for the control number of the schedule (From 15 to 13). Consolidated Foreign Exchange (FX) Assets and Liabilities (in Original Currency) (Schedule 14) This represents the bank's consolidated FX assets and liabilities in original currency reported monthly within fifteen (15) banking days after end of reference month. Revisions to this schedule is in accordance with the revisions in the main report. ITEM Account titles for foreign exchange assets and liabilities. RECORD NO . Control No. of the account which is in accordance with the number of the account in the main report. AMOUNT CLASSIFIED INTO REGULAR AND FCDU Enter the amount of original currency for each currency column under the regular and FCDU. For column "others" enter US$ equivalent of foreign currencies other than those indicated in each currency column. Total Enter total US$ equivalent of all original currencies indicated in the column including the amount of US$ equivalent of the column "others". Conversion rate should be the same with conversion rate used in the Consolidated Statement of Condition (CSOC Form 05) submitted to DCB. Consolidated Foreign Exchange Assets and Liabilities Daily Summary of Foreign Exchange Acquisitions/Dispositions FX Acquisition from Loans FX Form 1 Schedule 2 Deadline: Weekly within five (5) Revised 1998 banking days after end of reference week Submission: DER ___________________________ Name of Bank/Code INTERBANK TRANSACTIONS ___________________________ Transaction Date INTERBANK EXCHANGE TRANSACTION BANK DEAL DEALING RATE BOOK CURRENCY AMOUNT CODE CODE DATE CODE 4/ (Buying/Selling) CODE CODE US$ EQUIV . 1-With PDS 1-FX Regular 1/ 2/ 4/ 2-Outside PDS 3/ 2-FCDU 2/ 1/ FROM BSP: 11 Spot Purchases & Deliveries on SWAP, Forward and other Financial Derivatives Transactions 12 Deposits/Placements/Loans Received 13 Interest Income on Deposits/Placements/Loans/Investments 14 Withdrawal of Deposits/Placements/Payments Received on Loans 15 Sale of Government Bonds, Bills and Notes FROM LOCAL BANKS : 21 Spot Purchases & Deliveries on SWAP, Forward and other Financial Derivatives Transactions 22 Deposits/Placements/Loans Received 23 Interest Income on Deposits/Placements/Loans/Investments 24 Withdrawal of Deposits/Placements/Payments Received on Loans 25 Sale of New Money Bonds 26 Sale of Government Bonds, Bills and Notes 27 FX Clearing 28 Sale of Private Bonds, Bills and Notes TO BSP: 31 Spot Sales & Deliveries on SWAP, Forward and other Financial Derivatives Transactions 32 Deposits/Placements/Loans Made 33 Interest Expense on Deposits/Placements/Loans/Investments 34 Payments on Deposits/Placements/Loans 35 Purchase of Government Bonds, Bills and Notes 36 Surrender of Gold Proceeds TO LOCAL BANKS : 41 Spot Sales & Deliveries on SWAP, Forward and other Financial Derivatives Transactions 42 Deposits/Placements/Loans Made 43 Interest Expense on Deposits/Placements/Loans/Investments 44 Payments on Deposits/Placements/Loans 45 Purchase of New Money Bonds 46 Purchase of Government Bonds, Bills and Notes 47 FX Clearing 48 Purchase of Private Bonds, Bills and Notes 2/ Refer to list of valid codes. 3/ Use buying rate for spot purchases and deliveries on swap/forward/other derivatives; selling rate for spot sales and deliveries on swap/forward/other derivatives. 4/ Applicable only to spot and deliveries on swap, forward and other financial derivatives transactions. FX Disposition for Loans Other Current Accounts and Transfers Acquisition and Disposition Investments Acquisition and Disposition Other Foreign Exchange Acquisitions/Dispositions Details of Spot and Forward FX transactions Details of Spot and Forward FX transactions Export Proceeds Import Letters of Credit (L/Cs) Opened and Records of Goods Imported (RGI) under DA-OA Import Payments Spot and Financial Derivatives Acquisition/Disposition Foreign Exchange Position Report Consolidated Foreign Exchange Assets and Liabilities Consolidated Foreign Exchange Assets and Liabilities FX ACQUISITION/DISPOSITION CODES Revised March 1999 FX Acquisition/ FED 1 Schedule No./ Disposition Code Description Transaction Code 1 00 00 00 00 I. ACQUISITIONS 1 10 00 00 00 A. Services Sch. 5 (Other Current 1 10 10 00 00 1. Freight and Insurance on Merchandise Shipments Accts & Transfers Acq. 1 10 10 10 00 a. freight on merchandise exports - receipts of resident carriers from 110 non-residents relative to merchandise exports. 1 10 10 20 00 b. freight on merchandise imports - receipts of resident carriers from 111 1 10 10 30 00 c. premiums on merchandise shipments - premiums received by resident 112 insurance companies relative to merchandise exports/imports. 1 10 10 40 00 d. claims on merchandise insurance - receipts of residents from foreign 113 insurance companies representing settlement of claims for merchandise shipments lost or damaged while in transit. 1 10 20 00 00 2. Transportation 1 10 20 10 00 a. passenger fares - receipts of resident shipping and airline companies for 120 services provided in international transportation of persons. 1 10 20 20 00 b. charter fees - receipts of sea and air domestic carriers representing fees 121 for charter/time parties' contract of affreightment. 1 10 20 30 00 c. port disbursements - receipts of fuels, oil, ships' store and similar supplies, 122 stevedoring, harbor and airfield fees, tonnage fees, repairs and maintenance of vessels and aircraft of foreign registry. 1 10 20 40 00 d. operational lease - receipts for rental of vessels, aircraft, freight cars or other 123 commercial vehicles with crews for limited periods for carriage of freight and passengers, including towing and transportation of oil platforms, floating cranes and dredges. 1 10 20 50 00 e. transportation commissions and fees - include commissions and agent's fee 124 associated with passenger and freight transportation. 1 10 20 90 00 f. other transportation and auxiliary services - receipts for services provided 129 in ports, airports and other terminal facilities. 1 10 30 00 00 3. Travel 1 10 30 10 00 a. personal travel - expenditures in the Philippines of travelers for purposes 130 other than business such as leisure, recreational and cultural activities. 1 10 30 20 00 b. business travel - all expenses in the Philippines incidental to travel 131 including personal acquisition of goods and services. 1 10 30 30 00 c. students - remittances to persons studying in the Philippines for maintenance, 132 tuition, books and other educational expenses. 1 10 30 40 00 d. government officials - expenditures for foreign government officials visiting 133 the Philippines. 1 10 30 50 00 e. proceeds of international credit cards - receipts and earnings of companies 134 from the travelers' use of international credit cards. 1 10 30 60 00 f. health and medical treatment, pilgrimages, etc. - covers expenditures in the 135 Phils. of travelers for medical care treatment, visits to friends and relatives, pilgrimage and religious observances. 1 10 30 70 00 g. expenditures of foreign military personnel in the Philippines - cover all 136 expenses of foreign military personnel visiting the Philippines. 1 10 30 80 00 h. seminar/training expenses of non-residents - expenditures of non-residents 137 for their training and seminars in the Philippines. 1 10 40 00 00 4. Government Services 1 10 40 10 00 a. U.S. government expenditures - sale of foreign exchange by US government 140 agencies in the Philippines for the maintenance of their offices in the Philippines or encashment of US treasury warrants issued to private individuals and entities. 1 10 40 90 00 b. other foreign government expenditures - sale of foreign exchange by other 149 foreign governments in the Philippines for the maintenance of their offices in the Philippines. 1 10 90 00 00 5. Miscellaneous Services 1 10 90 01 00 a. premiums on non-merchandise insurance/reinsurance - receipts by local 170 insurance companies representing payment of premiums on life and non-life insurance. 1 10 90 02 00 b. claims on non-merchandise insurance/reinsurance - receipts by resident 171 beneficiaries from foreign insurance companies representing settlement of claims on life and non-life insurance. 1 10 90 03 00 c. merchanting and other trade related services - receipts of resident 172 merchants covering the difference between the value of goods when acquired and sold and other trade related services on goods and service transactions. 1 10 90 04 00 d. construction services - receipts for work performed on construction 173 project and installations by employees of an enterprise located outside the economic territory of the enterprise which include site preparation and goods imported for the projects. 1 10 90 05 00 e. advertising - receipts of local firms for advertising services rendered 174 here or abroad for foreign companies including purchase and sale of advertising space, exhibition services provided by trade fairs and promotion of products abroad. 1 10 90 06 00 f. subscription - receipts of local publications from foreign subscribers. 175 1 10 90 07 00 g. research and development - services associated with basic and applied 176 research and experimental development of new products and processes. 1 10 90 08 00 h. professional, technical and other businesses - receipts for services 177 involving accounting, management consulting, legal advices and other businesses providing advices, guidance or operational assistance to business. 1 10 90 09 00 I. audiovisual and related services - services and associated fees related 178 to the production of motion pictures, radio and TV programs and musical recording. 1 10 90 10 00 j. royalties and license fees - fees received from non-residents for the use 179 of intangible, non-produced, non-financial assets and proprietary rights such as patents, copyrights, trademarks and licensing agreements of produced originals or prototypes. 1 10 90 11 00 k. leasing of building and other real estate properties - gross receipts for 180 lease of real estate in the Philippines. 1 10 90 12 00 l. telecommunications, postal and courier services - receipts of local entities 181 for transmission of sound, images, or other information by telephone, telex, telegram, cable broadcasting, satellite, other business network services, postal and courier services including post office counter and mailbox rentals. 1 10 90 13 00 m. services between affiliated enterprises - remittances for overhead expenses 182 and subsidies between offices, branches, agencies, affiliates and other related entities located abroad. 1 10 90 14 00 n. rental fee of equipment and other operational leasing - receipts for lease 183 and charter of ships, aircraft, and other transportation equipment without crews or operators. 1 10 90 15 00 o. financial services - receipts for financial intermediary and auxiliary 184 services associated with letters of credit, bankers' acceptances, financial leasing and commissions and other related fees including normal bank charges. 1 10 90 16 00 p. computer and information services - receipts for computer dated and news- 185 related service transactions including hardware and software consultancy and other database services. 1 10 90 17 00 q. personal, cultural and recreational services - receipts from personal, cultural, 186 and recreational services associated with museums, libraries, archives and other cultural, sporting, and recreational activities. 1 10 90 90 00 r. other miscellaneous services - receipts for all categories of services 190 other than those previously defined. (Specify). 1 20 00 00 00 B. Income Sch. 5 (Other Current 1 20 10 00 00 1. Investment Income / Interest on Loans Accts & Transfers Acq.) 1 20 10 10 00 a. earnings, profits, dividends and interest income of residents from investments abroad 1 20 10 10 10 1) income on resident direct equity investment abroad 210 1 20 10 10 20 2) income on inter-branch/company borrowings 211 1 20 10 10 30 3) income on resident portfolio investments - foreign government bonds, 212 bills & notes 1 20 10 10 40 4) income on resident portfolio investments - foreign private bonds, bills & notes 213 1 20 10 10 50 5) income on resident portfolio investments - foreign listed stocks 214 1 20 10 10 60 6) income on resident portfolio investments - money market instruments 215 1 20 10 10 70 7) income on resident portfolio investments - negotiable certificates of deposits 216 1 20 10 20 80 8) income on residents' other deposits abroad 217 1 20 10 20 00 b. interest income earned/received by non-bank residents on loans granted to 220 foreign parties 1 20 10 30 00 c. interest income earned/received by local banks on loans granted to foreign parties 221 1 20 10 40 00 d. interest income on FCDU deposits/placements maintained as working fund 222 with foreign banks 1 20 10 50 00 e. interest income on RBU deposits/placement maintained as working fund 223 with foreign banks 1 20 10 60 00 f. gain realized on sale of residents' real properties abroad 230 1 20 20 00 00 2. Compensation Income - foreign exchange receipts sourced from salaries/earnings of overseas workers. 1 20 20 10 00 a. land-based 240 1 20 20 20 00 b. sea-based 241 1 20 20 30 00 c. earnings of resident aliens 242 1 20 20 40 00 d. earnings of residents employed with supranationals and other local branches 243 of foreign entities 1 30 00 00 00 C. Transfers Sch. 5 (Other Current 1 30 10 00 00 1. Current Transfer Accts & Transfers Acq.) 1 30 10 00 00 a. gifts, donations received by public/private institutions, including missionary, 310 educational and other benevolent contributions 1 30 10 20 00 b. gifts/donations received by individuals 311 1 30 10 30 00 c. government taxes, fines and penalties 312 1 30 20 00 00 2. Capital Transfer 1 30 20 10 00 a. migrants/immigrant' transfer of assets 320 1 30 20 20 00 b. receipts from sale of patents, trademarks, copyrights, franchises, inventions 321 1 30 20 90 00 c. other capital transfers 329 1 40 00 00 00 D. Foreign Loans Sch. 3 (Loan Availments) 1 40 10 00 00 1. Foreign loan availment of residents - proceeds of residents loan from foreign 010 creditors in the form of case excluding banks own transaction. 1 40 10 10 00 a. medium and long-term loans - loans with maturity of more than one year. 1 40 10 10 00 1) private 1 40 10 10 20 2) public 1 40 10 20 00 b. short-term loans - loans with maturity of one year or less 1 40 10 20 10 1) private 1 40 10 20 20 2) public 1 40 20 00 00 2. Export advances - foreign exchange proceeds from advance payment 020 on exports and other trade credits. 1 40 30 00 00 3. Repayment of loans granted to non-residents - repayment of non-resident's loan to 030 the residents. 1 40 30 10 00 a. private 1 40 30 20 00 b. public 1 50 00 00 00 E. Investments Sch. 6 (Investment Acq.) 1 50 10 00 00 1. Proceeds of non-residents' direct investments in the Philippines 1 50 10 10 00 a. equity investment - non-resident's capital contribution in a local firm/enterprise 110 to create or expand some kind of permanent interest as evidenced by banks' documentation of foreign exchange proceeds converted to pesos. 1 50 10 10 10 1.) bank - capital contribution of foreign banks to local branches or other local banks including assigned capital. 1 50 10 10 20 2.) non-bank - capital contribution of non-banks in a local firm or enterprise. 1 50 10 20 00 b. inter-branch/company borrowings - loans and advances granted by 120 non-residents to local branches and subsidiaries/affiliates. 1 50 10 20 10 1.) bank 1 50 10 20 20 2.) non-bank 1 50 10 30 00 c. purchase of condominium units and other structures - non-residents' acquisition 130 of commercial & industrial buildings, condominium and other dwelling units in the Phils. 1 50 20 00 00 2. Proceeds of non-residents' portfolio investments in the Philippines 1 50 20 10 00 a. Philippine government bonds, bills and notes - non-residents' purchase of bonds, 311 bills and notes issued by the national government, government corporations and BSP. 1 50 20 20 00 b. Philippine private bonds, bills and notes - non-residents' purchase of bonds, 312 bills and notes issued by private corporations. 1 50 20 30 00 c. Philippine listed stocks - non-residents' purchase of listed stocks through the 320 stock exchanges issued by resident private corporations. 1 50 20 40 00 d. money market instruments - non-residents' purchase of resident issued 330 commercial/financial papers and bankers' acceptances issued by residents. 1 50 20 50 00 e. negotiable certificates of deposits - non-residents' purchase of FRCDs and 340 other certificates of deposits issued by resident banks. 1 50 20 60 00 f. peso deposits of non-residents funded by inward remittance of FX - temporary 350 parking of funds in peso deposit accounts by non-residents ultimately intended for the acquisition of the above instruments issued by residents. 1 50 30 00 00 3. Withdrawal of residents' direct investment abroad 1 50 30 10 00 a. equity investment - repatriation of residents' capital contribution or shareholdings 160 in foreign companies. 1 50 30 10 10 1.) bank 1 50 30 10 20 2.) non-bank 1 50 30 20 00 b. inter-branch/company borrowings - settlement of loans and advances granted 170 by residents to foreign branches, subsidiaries/affiliates. 1 50 30 20 10 1.) bank 1 50 30 20 20 2.) non-bank 1 50 30 30 00 c. sale of real properties owned by resident abroad - proceeds from sale of 180 residents' land buildings and other structures located abroad. 1 50 40 00 00 4. Withdrawal of resident's portfolio investments abroad 1 50 40 10 00 a. foreign government bonds, bills and notes - proceeds from sale/retirement of 411 residents' holdings of bonds, bills and notes issued by foreign governments. 1 50 40 20 00 b. foreign private bonds, bills and notes - proceeds from sale/retirement of 412 residents' holdings of bonds, bills and notes issued by foreign private corporations. 1 50 40 30 00 c. foreign listed stocks - proceeds from sale/retirement of residents' holdings of 420 listed stocks through foreign stocks exchanges issued by foreign private corporations. 1 50 40 40 00 d. money market instruments - proceeds from sale of residents holdings of 430 commercial/financial papers and bankers' acceptances issued by non-residents. 1 50 40 50 00 e. negotiable certificates of deposits - proceeds from sale/disposal of residents' 440 certificate of deposits issued by non-resident banks. 1 50 40 60 00 f. other bank deposits - residents' withdrawal of foreign currency deposits abroad. 450 1 50 50 00 00 5. FCDU's sale of foreign currency denominated Phil. issued bonds, bills and notes 1 50 50 10 00 a. government bonds, bills and notes to: 1 50 50 10 10 1. resident non-banks 511 1 50 50 10 20 2. non-resident banks and non-banks 512 1 50 50 20 00 b. private bonds, bills and notes to: 1 50 50 10 10 1. resident non-banks 521 1 50 50 20 00 2. non-resident banks and non-banks 522 1 60 00 00 00 F. Financial Derivatives - receipts arising from settlement of financial derivatives Sch. 12 (Financial transactions with resident non-banks and non-resident banks and non-banks Derivatives Acquisition) 1 60 10 00 00 1. Spot 1 60 10 10 00 1 60 10 20 00 a. gain from settlement of spot transaction 020 1 60 20 00 00 2. Forwards 1 60 20 10 00 1 60 20 20 00 a. gain from settlement of forward transaction 120 1 60 30 00 00 3. Swaps 1 60 30 00 00 1 60 30 20 00 1 60 30 30 00 a. interest received on interest rate swap 230 1 60 40 00 00 4. Options 1 60 40 10 00 a. premium received on sale of call/put option of FX currencies 310 1 60 40 20 00 1 60 40 30 00 b. gain realized from exercise of option 330 1 60 50 00 00 5. Futures 1 60 50 10 00 a. receipts of margin deposits on future contracts 410 1 60 50 20 00 b. gain on financial futures 420 1 60 50 30 00 c. refund of margin deposits 430 1 60 50 40 00 d. receipts of brokerage fee on financial futures 440 1 70 00 00 00 G. Goods - cover receipts arising from sales and shipments of goods to other countries. Sch. 9 (Export Proceeds) 1 70 10 00 00 1. Export Proceeds 1 70 10 10 00 a. bills purchased - the covering drafts/bills of exchange purchased by the AAB, the peso equivalent of which is paid to the exported upon negotiation. 010 1 70 10 20 00 b. bills collected - the covering drafts/bills of exchange paid through the 020 correspondent/foreign bank to the negotiating bank in favor of the exporter. 1 70 80 00 00 2. Adjustments-increase - additional export receipts 080 1 70 90 00 00 3. Adjustments-decrease - refund and/or cancellation of export receipts. 090 1 80 00 00 00 H. Interbank Transactions - receipts from foreign exchange transactions between Sch. 2 (Interbank Acq.) AABs and BSP and among AABs themselves. 1 80 10 00 00 1. From BSP 1 80 10 10 00 a. spot purchases and deliveries on swap, forward and other financial derivatives 011 transactions 1 80 10 20 00 b. deposits/placements/loans received 012 1 80 10 30 00 c. interest income on deposits/placements/loans/investments 1 80 10 40 00 d. withdrawal of deposits/placements and payments received on loans 014 1 80 10 50 00 e. sale of government bonds, bills and notes 015 1 80 20 00 00 2. From Local Banks 1 80 20 10 00 a. spot purchases and deliveries on swap, forward and other financial derivatives transactions 021 1 80 20 20 00 b. deposits/placements/loans received 022 1 80 20 30 00 c. interest income on deposits/placements/loans/investments 023 1 80 20 40 00 d. withdrawal of deposits/placements and payments received on loans 024 1 80 20 50 00 e. sale of new money bonds 025 1 80 20 60 00 f. sale of government bonds, bills and notes 026 1 80 20 70 00 g. FX clearing 027 1 80 20 80 00 h. sale of private bonds, bills and notes 028 1 90 00 00 00 I. Other FX Acquisitions Sch. 7 (Other FX Acq.) 1 90 01 00 00 1. Resident's deposit of proceeds of FCDU loans granted by other bank's FCDU 110 1 90 02 00 00 2. Non-bank resident's deposit of withdrawal from FCD accounts with other bank 120 1 90 03 00 00 3. Conversion for pesos of non-residents' withdrawal from FCD accounts for: 1 90 03 10 00 a. direct investment 131 1 90 03 20 00 b. portfolio investment 132 1 90 03 30 00 c. others 133 1 90 04 40 00 4. Collections/settlement of FCDU loan principal 140 1 90 05 00 00 5. Conversion to pesos of proceeds of FCDU loans 150 1 90 06 00 00 6. Normal charges on FCDU loans granted 160 1 90 07 00 00 7. Interest income on FCDU loans granted 170 1 90 08 00 00 8. Interest earned on Philippine issued bonds and securities 180 1 90 09 00 00 9. Gain realized on FCDU's sale of Philippine issued bonds and securities to: 1 90 09 10 00 a. resident non-banks 191 1 90 09 20 00 b. non-resident banks and non-banks 192 1 90 10 00 00 10. Acquisition from payment of self-funded imports, including application of proceeds of FCDU loan 200 1 90 11 00 00 11. Unused travel funds 210 1 90 12 00 00 12. Over-the-counter conversion to pesos of foreign currencies from: 1 90 12 10 00 a. non-resident tourist 221 1 90 12 20 00 b. residents 222 1 90 13 00 00 13. Transfer of FCDU profit to RBU 230 1 90 14 00 00 14. Gain realized on revaluation adjustment 240 1 90 15 00 00 15. Surrender of FX withdrawn from FCD account 260 1 90 20 00 00 16. FX acquisition other than those previously defined 299 II. DISPOSITIONS A. Services Sch. 5 (Other Current 1. Freight and Insurance on Merchandise Shipments Accts & Transfers Disp.) 2 10 10 10 00 a. freight on merchandise exports - payments to foreign carriers for shipments of 610 merchandise exports from the Philippines to foreign countries. 2 10 10 20 00 b. freight on merchandise imports - payments to foreign carriers for shipments of 611 merchandise imports from foreign countries to the Philippines. 2 10 10 30 00 c. premiums on merchandise insurance - premiums paid by residents to foreigners 612 on imports insured abroad. 2 10 10 40 00 d. claims on merchandise insurance - payments by resident insurance firms to 613 non-residents for merchandise exports lost or damaged while in transit. 2 10 20 00 00 2. Transportation 2 10 20 10 00 a. passenger fares - payment by residents to foreign sea and air carrier for 620 services provided in the international transportation of persons including package tour, chargers for excess baggage, vehicles, or other personal accompanying effects and expenditures for food, drink, or other items while on board. 2 10 20 20 00 b. charters of sea and air foreign carriers - payment by residents to non-residents 621 for charter/time parties' contract of affreightment. 2 10 20 30 00 c. port disbursements - disbursements abroad for fuels, oil, ships, stores and 622 similar supplies, harbor and airfield fees, tonnage and repairs and maintenance of vessels and aircrafts of Philippine registry. 2 10 20 40 00 d. operational lease - payments for rental of vessels, aircraft, freight cars or other 623 commercial vehicles with crews for limited periods for carriage of freight and passengers, including towing and transportation of oil platforms, floating cranes, and dredges. 2 10 20 50 00 e. transportation commissions and fees - payment for commissions and agents' 624 fees associated with passenger and freight transportation. 2 10 20 90 00 f. other transportation and auxiliary services - payment for services provided in 629 ports, airports and other terminal facilities. 2 10 30 00 00 3. Travel 2 10 30 10 00 a. personal travel - expenditures abroad or resident travelers for purposes 630 other than business such as leisure, recreational and cultural activities. 2 10 30 20 00 b. business travel - expenditures abroad of resident business traveler 631 including acquisition of goods and services. 2 10 30 30 00 c. students - remittances to persons studying abroad for maintenance, tuition, 632 books and other educational expenses. 2 10 30 40 00 d. government officials - expenditures of local government officials abroad. 633 2 10 30 50 00 e. payment for international credit cards - payments to foreign companies 634 from the resident travelers' use of international credit cards. 2 10 30 60 00 f. health and medical treatment, pilgrimages, etc. - expenditures abroad of 635 Filipino travelers for medical care treatment, visits to friends and relatives, pilgrimage and religious observances. 2 10 30 70 00 g. living and maintenance expenses - expenditures abroad of dependents of 636 Philippine residents. 2 10 30 80 00 h. seminars/training's abroad of residents - expenditures of residents for their 637 training and seminars abroad 2 10 40 00 00 4. Government Services 2 10 40 10 00 a. maintenance of diplomatic and consular offices - remittance for the 640 maintenance of diplomatic and consular offices abroad. 2 10 40 90 00 b. other government expenditures - expenditures abroad by military and other 649 government agencies of the Philippines stationed in foreign countries. 2 10 90 00 00 5. Miscellaneous Services 2 10 90 01 00 a. premiums on non-merchandise insurance/reinsurance - payment for premiums 670 by residents to non-resident insurance companies for life, marine, fire and other insurance risks. 2 10 90 02 00 b. claims on non-merchandise insurance/reinsurance - payments by resident 671 insurance companies to non-residents for settlement of claims on life and non-life insurance. 2 10 90 03 00 c. merchanting and other related services - payment to non-resident merchants 672 for the difference between the value of goods acquired and sold and other related services on goods and service transactions. 2 10 90 04 00 d. construction services - payment to foreign contractors for work performed 673 on construction projects including goods provided for the projects. 2 10 90 05 00 e. advertising - payments by residents for advertising services abroad 674 including purchase and sale of advertising space. 2 10 90 06 00 f. subscription - payments of subscriptions to foreign publications. 675 2 10 90 07 00 g. research and development - payment to non-residents for services associated 676 with basic and applied research and experimental development of new products and processes. 2 10 90 08 00 h. professional, technical and other businesses - payment for services rendered 677 by non-residents involving accounting, management consulting, legal advices and other businesses providing advices, guidance or operational assistance to business. 2 10 90 09 00 I. audio visual and related services - payment for services and associated feed 678 related to the production of motion pictures, radio and TV programs and musical recording. 2 10 90 10 00 j. royalties and license fees - payment for the use of intangible, non-produced, 679 non-financial assets and proprietary rights such as patents, copyrights, trademarks and licensing agreements of produced originals or prototypes. 2 10 90 11 00 k. leasing of building and other real estate properties - payment for lease of real 680 properties located abroad. 2 10 90 12 00 l. telecommunications, postal and courier services - payment for transmission 681 of sound, images or other information by telephone, telex, telegram, cable broadcasting, satellite or other business network services, postal courier services including post office counter and mailbox rentals. 2 10 90 13 00 m. services between affiliated enterprises - remittances for overhead expenses 682 and subsidies between offices, branches, agencies, affiliates and other related entities located abroad. 2 10 90 14 00 n. rental fee of equipment and other operational leasing - payment for lease and 683 charter of ships, aircraft, and other transportation equipment without crews or operators. 2 10 90 15 00 o. financial services - payment for financial intermediary and auxiliary services 684 associated with letters of credit, banker's acceptances, financial leasing and commissions and other related fees including normal bank charges. 2 10 90 16 00 p. computer and information services - payment for computer data and news- 685 related service transactions including hardware and software consultancy and other database services. 2 10 90 17 00 q. personal, cultural and recreational services - payment for personal, cultural, 686 and recreational services associated with museums, libraries, archives, and other cultural, sporting, and recreational activities. 2 10 90 90 00 r. other miscellaneous services - payment for all categories of services other 690 than those previously defined. (Specify) 2 20 00 00 00 B. Income Payment Sch. 5 (Other Current 2 20 10 00 00 1. Investment Income / Interest Payment Accts & Transfers Disp.) 2 20 10 10 00 a. earnings, profits, dividends and interest payments on non-residents income from investments in the Philippines, including other earning of local branches remitted to head office abroad 2 20 10 10 10 1) income payment on non-residents direct equity investments 710 2 20 10 10 20 2) income payment on inter-branch/company borrowings 711 2 20 10 10 30 3) income payment on non-resident portfolio investments in the Philippines - 712 Philippine government bonds, bills and notes. 2 20 10 10 40 3) income payment on non-resident portfolio investments in the Philippines - 713 Philippine private bonds, bills and notes. 2 20 10 10 50 4) income payment on non-resident portfolio investments in the Philippines - 714 Philippine listed stocks. 2 20 10 10 60 5) income payment on non-resident portfolio investments in money 715 market instruments. 2 20 10 10 70 6) income payment on non-resident portfolio investments in negotiable 716 certificates of deposit 2 20 10 10 80 7) income payment on non-resident bank deposits in the Philippines 717 2 20 10 20 00 b. interest payments by non-bank residents on loans granted by foreign parties 720 2 20 10 30 00 c. interest payments made by local banks on loans granted by foreign parties 721 2 20 10 40 00 d. interest payments on FCDU deposits to resident non-banks 722 2 20 10 50 00 e. interest payments on FCDU deposits to non-residents 723 2 20 10 60 00 f. outward remittance of income from real estate properties owned 730 non-residents 2 20 20 00 00 2. Compensation Income - earnings of foreigners employed in resident firms remitted abroad including salaries and/or allowances and savings of foreign technicians. 2 20 20 10 00 a. earnings of resident aliens 740 2 30 00 00 00 C. Transfer Payments Sch. 5 (Other Current 2 30 10 00 00 1. Current Transfer Accts & Transfers Disp.) 2 30 10 10 00 a. foreign exchange donations/gifts remitted to non-residents by resident 810 public/private institutions, including missionary, educational and other benevolent contributions and non-contractual pension payments 2 30 10 20 00 b. foreign exchange donations/gifts made by resident individuals to non-residents 811 2 30 10 30 00 c. payment of government taxes, fines and penalties 812 2 30 20 00 00 2. Capital Transfer 2 30 20 10 00 a. transfer of assets of intending emigrants 820 2 30 20 20 00 b. payment for acquisition of patents, trademarks, copyright, franchise, 821 inventions 2 30 20 90 00 c. other capital transfers 829 2 40 00 00 00 D. Foreign Loans Sch. 4 (Loan Servicing) 2 40 10 00 00 1. Repayment of foreign loan by residents-payment of resident's loan from foreign 10 creditors. 2 40 10 10 00 a. medium and long-term loans - payment of loans with maturity or more than 1 year. 2 40 10 10 10 1) private 2 40 10 10 20 2) public 2 40 10 20 00 b. short-term loans - payment of loans with maturity of one year or less. 2 40 10 20 10 1) private 2 40 10 20 20 2) public 2 40 20 00 00 2. Repayment of export advances - non-add item under FX disposition representing 20 value of export shipment applied to payment of export advances. 2 40 30 00 00 3. Loans granted to non-residents - payment for loans granted by residents to 30 non-residents, subject to existing regulations on foreign loans. 2 40 30 10 00 a. private 2 40 30 20 00 b. public 2 50 00 00 00 E. Investments Sch. 6 (Investment Disp.) 2 50 10 00 00 1. Outward remittance of residents' direct investments abroad 2 50 10 10 00 a. equity capital - capital contribution of residents to firms or enterprises abroad 210 to create or expand some kind of permanent interest. 2 50 10 10 10 1.) bank 2 50 10 10 20 2.) non-bank 2 50 10 20 00 b. inter-branch/company borrowings - loans and advances granted by residents 220 to foreign branches subsidiaries/affiliates and head office. 2 50 10 20 10 1.) bank 2 50 10 20 20 2.) non-bank 2 50 10 30 00 c. purchase of real properties abroad by residents - residents' acquisition of land, 230 buildings and structures located abroad. 2 50 20 00 00 2. Outward remittance of residents' portfolio investments abroad 2 50 20 10 00 a. foreign issued government bonds, bills and notes - residents' purchase of 611 bonds, bills and notes issued by foreign government. 2 50 20 20 00 b. foreign issued private bonds, bills and notes - residents' purchase of bonds, 612 bills and notes issued by foreign private corporation. 2 50 20 30 00 c. foreign listed stocks - residents' purchase of listed stocks through the foreign 620 stock exchanges issued by non-resident private corporations. 2 50 20 40 00 d. money market instruments - residents' purchase of commercial/financial 630 papers and bankers' acceptances issued by non-residents. 2 50 20 50 00 e. negotiable certificates of deposits - residents acquisition of certificates of 640 deposits issued by non-resident banks. 2 50 20 60 00 f. other bank deposits - residents' deposit/placements in banks abroad. 650 2 50 30 00 00 3. Withdrawal of non-residents' direct investments from the Philippines 2 50 30 10 00 a. equity investments - repatriation of non-residents' capital contribution in a 260 local firm or enterprise. 2 50 30 10 10 1.) bank 2 50 30 10 20 2.) non-bank 2 50 30 20 00 b. inter-branch/company borrowings - settlement of loans granted to local 270 branches, subsidiaries/affiliates or head office. 2 50 30 20 10 1.) bank 2 50 30 20 20 2.) non-bank 2 50 30 30 00 c. sale of condominium units and other structures - remittance of proceeds from sale of non-residents' condominium units and other structures. 280 2 50 40 00 00 4. Withdrawal of non-residents' portfolio investments from the Philippines 2 50 40 10 00 a. Philippine issued government bonds, bills and notes - sale by non-residents 711 of their holdings of bonds, bills and notes issued by Philippine national government, government corporations and BSP. 2 50 40 20 00 b. Philippine issued private bonds, bills and notes - sale by non-residents of their 712 holdings of bonds, bills and notes issued by Philippine private corporations. 2 50 40 30 00 c. Philippine listed stocks - sale by non-residents of their holdings of listed 720 stocks through the stocks exchanges issued by resident private corporations. 2 50 40 40 00 d. money market instruments - sale by non-residents of their holds of commercial/ 730 financial papers and bankers' acceptances issued by residents. 2 50 40 50 00 e. negotiable certificates of deposits - withdrawal of non-residents certificates 740 of deposits (FRCDs) issued by resident banks. 2 50 40 60 00 f. other bank deposits - withdrawal of non-residents' peso deposits from local 750 banks. 2 50 50 00 00 5. FCDUs' purchase of foreign currency denominated Phil. issued bonds, bills and notes: 2 50 50 10 00 a. government bonds, bills and notes from: 2 50 50 10 10 1. resident non-banks 811 2 50 50 10 20 2. non-resident banks and non-banks 812 2 50 50 20 00 b. private bonds, bills and notes from: 2 50 50 20 10 1. resident non-banks 821 2 50 50 20 20 2. non-resident banks and non-banks 822 2 60 00 00 00 F. Financial Derivatives - payment for settlement of financial derivatives transactions Sch. 12 (Financial with resident non-banks and non-resident banks and non-banks Derivatives Disposition) 2 60 10 00 00 1. Spot 2 60 10 10 00 2 60 10 20 00 a. loss from settlement of spot transaction 520 2 60 20 00 00 2. Forwards 2 60 20 10 00 2 60 20 20 00 a. loss from settlement of forward transaction 620 2 60 30 00 00 3. Swaps 2 60 30 10 00 2 60 30 20 00 2 60 30 30 00 a. interest paid on interest rate swap 730 2 60 40 00 00 4. Options 2 60 40 10 00 a. premium paid on purchase of call/put option of foreign currencies 810 2 60 40 20 00 2 60 40 30 00 b. loss from exercise of option 830 2 60 50 00 00 5. Futures 2 60 50 10 00 a. payment of margin deposits on future contracts 910 2 60 50 10 00 b. loss from financial futures 920 2 60 50 30 00 c. refund of margin deposits 930 2 60 50 40 00 d. payment of brokerage fee on financial futures 940 2 70 00 00 00 G. Goods - payment arising from purchases and shipments of goods from other countries. Sch. 11 Import (illegible) 2 70 10 00 00 1. Import payments - settlement of import obligation to foreign suppliers. 010 2 70 80 00 00 2. Adjustments - increase - additional import payments 080 2 70 90 00 00 3. Adjustments - decrease - refund/rebated/discount on import payments 090 H. Interbank Transactions - payment for foreign exchange transactions between Sch. 2 (Interbank Disp.) AABs and BSP and among AABs themselves. 2 80 10 00 00 1. To BSP 2 80 10 10 00 a. spot sales and deliveries on swap, forward and other financial derivatives 031 transactions 2 80 10 20 00 b. deposits/placements/loans made 032 2 80 10 30 00 c. interest expense on deposits/placements/loans/investments 033 2 80 10 40 00 d. payments on deposits/placements/loans 034 2 80 10 50 00 e. purchase of government bonds, bills and notes 035 2 80 10 60 00 f. surrender of gold proceeds 036 2 80 20 00 00 2. To Local Banks 2 80 20 10 00 a. spot sales and deliveries on swap, forward and other financial derivatives 041 transactions 2 80 20 20 00 b. deposits/placements/loans made 042 2 80 20 30 00 c. interest expense on deposits/placements/loans/investments 043 2 80 20 40 00 d. payments on deposits/placements/loans 044 2 80 20 50 00 e. purchase of new money bonds 045 2 80 20 60 00 f. purchase of government bonds, bills and notes 046 2 80 20 70 00 g. FX clearing 047 2 80 20 80 00 h. purchase of private bonds, bills and notes 048 2 90 00 00 00 I. Other FX Dispositions Sch. 7 (Other FX Disp.) 2 90 01 00 00 1. Residents' withdrawal for payment of FCDU loans, including interest, granted by 610 other bank's FCDU 2 90 02 00 00 2. Residents' withdrawal for deposit to other FCD accounts 620 2 90 03 00 00 3. Reconversion of unused/unspent pesos to dollars 630 2 90 04 00 00 4. FCDU loans granted to residents 640 2 90 05 00 00 5. Sale of FX to settle FCDU loans 650 2 90 06 00 00 6. Sale of FX to settle interest on FCDU loans 660 2 90 07 00 00 7. Interest payment on Philippine issued bonds and securities 2 90 07 10 00 a. Government bonds and securities 671 2 90 07 20 00 b. Private bonds and securities 672 2 90 08 00 00 8. Loss incurred on sale of Philippine issued bonds and securities to: 2 90 08 10 00 a. resident non-banks 681 2 90 08 20 00 b. non-resident banks and non-banks 682 2 90 09 00 00 9. Loss incurred on revaluation adjustments 690 2 90 20 00 00 10. FX disposition other than those previously defined 799