BSP Circular No. 29-94

June 23, 1994 BSP CIRCULAR NO. 29-94 In line with the objective of the Bangko Sentral ng Pilipinas to further rationalize and simplify, as well as reduce the administrative burden for preparation of reports required of expanded commercial banks, commercial banks and specialized government banks, the Monetary Board in its Resolution No. 549 dated June 13, 1994, approved certain revisions in reports submission as follows: Effective June 30 , 1994 : 1. Discontinue submission of the reports indicated in ANNEX A. 2. Change frequency in submission of the reports indicated in ANNEX B. 3. Inclusion of the accounts indicated in ANNEX C of "CODES FOR INVISIBLE ACQUISITIONS and "CODES FOR INVISIBLE DISPOSITIONS" Effective January 1 , 1995 1. Discontinue submission of the reports indicated in ANNEX D. 2. Adopt the attached format for the following reports which are covered by the diskette-format of reporting: a. Daily Consolidated Foreign Exchange Assets and Liabilities FED Form 1 (formerly IOS Form 1), within 2 banking days from transaction date. (ANNEX E) b. Consolidated Foreign Exchange Assets and Liabilities in Original Currency FED Form 1, Schedule 17, (formerly IOS Form 1, Schedule 18) within 15 banking days from end of reference month. (ANNEX F) c. Consolidated Statement of Condition (DCB I/DCB II Form 2A.1/2A.2, formerly SES 1/VI Form 2A.1/2A.2) within 15 banking days after end of reference month. (ANNEX G) d. Reports on Credits Granted and Outstanding by Banking Unit 10 banking days after reference semester for banks within Metro Manila; 15 banking days for banks outside Metro Manila. (ANNEX H) Banks shall continue to submit to the departments concerned under existing arrangement all other reports which are not mentioned above. (SGD.) GABRIEL C. SINGSON Governor ANNEX A REPORTS TO BE DISCONTINUED STARTING JUNE 30 , 1994 1. Form No. 6-21-21: Consolidated Monthly Report on Red Clause and Other Export Advances 2. Unnumbered form: Monthly Report on Philippine Investments Overseas 3. Form No. 6-21-33: Report on Export Declarations Issued 4. Selected Schedules of SES I/VI FORM 2A.1/2A.2 (7-16-05): Consolidated Statement of Condition a. Schedule 1 Due from CB b. Schedule 6 d Movement of Deposit Liabilities under CB Circular 343/547 5. CBP 7-16-25 Sworn Statement on Quasi-Banking Operations ANNEX B CHANGE IN THE FREQUENCY OF REPORTING A. From monthly to quarterly 1. Form No. 7-16-27: Consolidated Report on the Utilization of Loanable Funds Generated Set Aside for Agrarian Reform Credit/Agricultural Credit 2. SES I/VI Form 2D: Statement of Condition for Branches/Agencies/Offices Abroad of Domestic Commercial Banks 3. SES I/VI Form 2E: Statement of Condition for Subsidiaries/Affiliates Abroad of Domestic Commercial Banks B. From monthly and quarterly to semestral and combined into one form 1. Form No 5-17-31: Summary Report of Loans Granted by banking unit 2. Form No 5-17-02: Report on Outstanding Loans by banking unit ANNEX C-1 ACCOUNT CODES FOR INCLUSION CODES FOR INVISIBLE ACQUISITION AND DISPOSITION ACQUISITION 1.4.01.01 Income on Portfolio Investments Government Bonds & Securities 1.4.01.02 Income on Portfolio Investments Listed Securities/Stocks 1.4.01.03 Income on direct equity investments 1.6.04.0 Earnings of residents employed with Supranationals (ADB, IMF, etc.) and other local branches of foreign entities. 1.7.34 Self-funded payment of Documents Against Payment (D/P) withdrawal from 343/Other sources/Cash Against Document (CAD) 1.7.35 Rebates, discounts and penalties for specification deficiencies on imports. 1.7.36 Transfer of FCDU profit/income to RBU. 1.7.37 Payment of normal bank charges on FCDU Loans to Commodity Exporters/Service Exporters/Procedures 3.1.01.1 Long Term Loans Private 3.1.01.2 Long Term Loans Public 3.1.02.1 Short Term Loans Private 3.1.02.2 Short Term Loans Public 3.1.99.1 Other Loans Private 3.1.99.2 Other Loans Public 3.2.02.01 Portfolio Investments Foreign Investments in Issues of Philippine Government Bonds/Securities 3.2.02.02 Portfolio Investments Foreign Investments in Issues of Philippine Listed Securities and Stocks 3.2.08 Sale of real properties owned by residents abroad ANNEX C-2 CODES FOR INVISIBLE ACQUISITION AND DISPOSITION DISPOSITION 1.3.07 Payment for International Credit card charges 1.3.08.0 Seminar/Training abroad or residents 1.4.01.01 Income payment on foreign investments in the Phils. Government Bonds & Securities 1.4.01.02 Income payment on foreign investments in the Phils. Listed Securities & stocks 1.4.10 Interest payments on Foreign-currency denominated Treasury Bills/Debt Instruments to non-residents 1.7.25 Export proceeds negotiated by the Regular Banking Unit of a bank for deposit to exporters' foreign currency deposit account 1.7.26.0 Bank own payment for fees, charges, postage, etc. 2.1.04.0 Fees on Build, Operate and Transfer Scheme 3.2.02.01 Portfolio Investments Philippine Investments Abroad Government Bonds/Securities 3.2.02.02 Portfolio Investments Philippine Investments Abroad Listed Securities and Stocks 3.2.04.01 Withdrawal of foreign investments from the Phils. Government Bonds/Securities 3.2.04.02 Withdrawal of foreign investments from the Phils. Listed Securities & stocks 3.2.08 Purchase of real properties abroad by residents ANNEX D REPORTS TO BE DISCONTINUED EFFECTIVE JANUARY 1, 1995 1. Selected Schedules of IOS Form 1: Consolidated Foreign Exchange Assets and Liabilities a. Schedule 12 A Regular Import Letters of Credit Opened b. Schedule 13 A FX Sold/Brought for Payment of Import Bills with L/Cs Opened thru Another Bank c. Schedule 14 Confirmation and Amendments of L/Cs d. Schedule 15A Report of Goods Imported under O/A and D/A Arrangements 2. To be replaced by an appropriate turn-around document or system: a. SES I/VI Form 4 Consolidated List of Stockholders and their Stockholdings b. SES I/VI Form 6F Biodata of Directors and Officers, except new directors/officers c) Unnumbered form List of Members of Board of Directors and Officers ANNEX E DAILY CONSOLIDATED FOREIGN EXCHANGE ASSETS AND LIABILITIES (F E D FORM 1 formerly IOS FORM 1) FED FORM 1 Submission: FED (IOS Form 1) Deadline : 10:00 A.M. (Revised 1994) 2 days after trans. date PROOF LIST _________________________ Name of Bank _________________________ Address 1. FOREIGN EXCHANGE POSITION REPORT 2. CONSOLIDATED FX ASSETS & LIABILITIES 3. DAILY SUMMARY OF FOREIGN EXCHANGE ACQUISITION AND DISPOSITION 4. EXPORT TRANSACTIONS 5. IMPORT TRANSACTIONS As of __________________, 19 ____ I hereby certify that the information contained in the control/proof list and its accompanying diskette is true and correct to the best of my knowledge and belief. _______________ _________________________ Date Signature of Authorized Officer Over Printed Name _________________________ Designation FED FORM 1 Submission: Original FED (IOS Form 1) Duplicate MEDD (Revised 1994) Triplicate DER Deadline : Within two (2) banking days after transaction date _________________________ Name of Bank _________________________ Address CONSOLIDATED FOREIGN EXCHANGE ASSETS AND LIABILITIES As of __________________, 19 ____ I hereby certify that the information contained in this document with supporting schedules is true and correct to the best of my knowledge and belief. _________________________ Signature of Authorized Officer Over Printed Name _______________ _________________________ Date Designation ANNEX F CONSOLIDATED FOREIGN EXCHANGE ASSETS AND LIABILITIES IN ORIGINAL CURRENCY FED FORM 1, SCHEDULE 16 (Formerly IOS FORM 1, Schedule 18) ANNEX G CONSOLIDATED STATEMENT OF CONDITION (DCB I/DCB II) FORM 2A.1/2A..2 (Formerly SES 1/VI - FORM 2A.1/2A.2) Pages 2, 3, 4, 5, 6, 7 Schedules 4A, 5, 5A, 5B, 5C, 6, 7, 7A Schedules 9, 10, 10A, 10B, 11, 12 ANNEX H REVISED FORM - CBP 5-17-01 REPORT ON OUTSTANDING LOANS, ADVANCES, DISCOUNTS AND TRADING ACCOUNT SECURITIES/OUTSTANDING BILLS PURCHASED AND CUSTOMER'S LIABILITY ACCEPTANCES/LOANS GRANTED