Guidelines on the Submission of Quarterly Report on Appraised Commercial Properties (QRACP) for the Generation of the Commercial Property Price lndex (CPPI)

BAN<;KO SSNTRIL NG PILIPINAS OFFICE OF THE DEPUTY GOVERNOR Monetary Stability Sector MEMORAN DUM No. M-2O2O-097 To All Universal/Commercial Banks and Thrift Banks Subject Guidelines on the Submission of Quarterly Report on Appraised Commercial Properties (OnnCn; for the Generation of the Commercial Property Price lndex (CPPI) Pursuant to Circular No. 1l-02, Series of 2O2A dated 19 October 2020, the following guidelines on the submission of the QRACP shall be observed: L. The QRACP reporting template can be downloaded from BSP website through this link: https://www. bsp.sov.ph/Regu lations/lssuances/2020/CPPI Form.xls. The submission schedule of the QRACP forthe given reference period is seen in the table below: Reference Period Submission Deadline* Revised Submission Deadline Q12019 Q2 2019 Not later than Q3 2019 L9 Feb 2021 Q4 2019 Q12020 L2 Mar 2021 Q22020 5 Apr 2021 Q3 2020 23 Apr 2021 Q42020 14Mav 2021, Qr2021 LIFeb 202I 5 Jul2021 Q22021 t2May 2021. 4 Oct 2021 Q3 2021 1.L 4ue2021 3 Dec2021 Q4202t lL Feb 2022 3 Mar 2022 Qr2022 12 Mav 2022 3 Jun 2022 Q22022 1.1Aue2022 5 Sep 2022 + 30 banking days after the reference period The Q1 2019 - Q2 2022 QRACP shall be submitted on or before the revised submission deadline as agreed at the CPPI briefing on L8 November 2020. This extension in the submission deadline was provided as an operational relief for the banks amid the pandemic. In the event the submitted QRACP needs to be revised/corrected, following the review of the Department of Economic Statistics (DES), banks shall resubmit the revised/corrected QRACP within five (5) banking days from receipt of advice from the BSP. Page I of 2

3. Beginning Q3 2022, the submission of the DES-CPPI Form L (in excel format) and its scanned Certification Form, which has been duly notarized and signed bythe authorized officials of the banks and saved as a Portable Document Format (PDF), shall follow the prescribed submission deadline indicated in said Circular. 4. The QRACP shall be electronically submitted to e-mail address: at [email protected]. In the subject line of the email, the name of the bank and reference period should be indicated following the format below: "CPPf cBank name>, <Reference Period>, "e.g., "CPP| Bank One, Q1 2019" 5. The file name of QRACP shall follow the prescribed format below: "Reference Quarter<QRACP><Bank Name>," €.8., "Q1 2019 QRACP Bank One" 6. Non-compliance with the reporting standards and failure to submit within the prescribed submission deadline shall be subject to monetary penalties applicable under Manual of Regulations for Banks. For strict compliance. ,l -l i "1- r-*. - : j- , ..'. L' FRANC]SCO G. DAKILA, JR. Deputy Governor 28 December 2020