All Commercial and Expanded Commercial Banks

November 8, 1996 BSP MEMORANDUM TO : All Commercial and Expanded Commercial Banks We are transmitting for your information the sub-classification account codes that should be used under each general account code in reporting certain foreign exchange transactions, as follows: ACQUISITION General Account Codes Sub-Classification Account Codes 1.4.01.0 Earnings, Profits and Dividends 1.4.01.1 Income on Portfolio Investments Gov't. Bonds and Securities 1.4.01.2 Income on Portfolio Investments Listed Securities/Stocks 1.4.01.3 Income on Direct Equity Investments 3.1.01.0 Long-Term Loans 3.1.01.1 Long-Term Loans Private 3.1.01.2 Long-Term Loans Public 3.1.02.0 Short-Term Loans 3.1.02.1 Short-Term Loans Private 3.1.02.2 Short-Term Loans Public 3.1.99.0 Other Loans 3.1.99.1 Other Loans Private 3.1.99.2 Other Loans Public 3.2.02.0 Portfolio Investments 3.2.02.1 Portfolio Investments Foreign Investments in Issues of Philippine Gov't. Bonds/Securities 3.2.02.2 Portfolio Investments in Issues of Philippine Listed Securities and Stocks DISPOSITION General Account Codes Sub-Classification Account Codes 1.4.01.0 Earnings, Profits and Dividends 1.4.01.1 Income Payment on Foreign Investments in the Philippines Gov't. Bonds and Securities 1.4.01.2 Income Payment on Foreign Investments in the Philippines Listed Securities/Stocks 3.2.02.0 Portfolio Investments 3.2.02.1 Portfolio Investments Philippine Investments Abroad Government Bonds/Securities 3.2.02.2 Portfolio Investments Philippine Investments Abroad Listed Securities and Stocks 3.2.04.0 Withdrawal of Foreign 3.2.04.1 Withdrawal of Foreign Investments in the Philippines Investments from the Philippines Gov't. Bonds and Securities 3.2.04.2 Withdrawal of Foreign Investments from the Philippine Listed Securities and Stocks We also wish to advise you that the Data Delivery Facility, IOS receiving system of FED I now validates the totals of accounts indicated in Schedule I Daily Summary of Foreign Exchange Acquisitions and Dispositions against sub-totals (total of details of the account) indicated under Schedules 2 to 14 i.e., totals in the Summary should equal sub-totals indicated in Schedules 2 to 14. The receiving system no longer accepts/acknowledges FED I with unbalanced figures. Please be also reminded that late and incomplete reports are subject to penalties/fines under Section 91 of Circular 1389. (SGD.) GREGORIO R. SUAREZ Managing Director