Rationalized Deadlines of the Report on Project Finance Exposures (RPFE) and the Revised Expanded Report on Real Estate Exposures (ERREE)

Beruoxo SenrRaL No Plutprxes OFFICE OF THE DEPUTY GOVERNOR FINANCIAL SUPERVISION SECTOR MEMORANDUM NO. M.2018{].9 To ALt UNIVERSAI BANKS (UBs), COMMERCIAT BANKS (KBs|, THRTFT BANKS (IBSIAND SUBSIDIARY RURAL BANKS (RBs) Subject : Rationalized Deadlines of the Report on Project Finance Exposures (RPFE) and the Revised Expanded Report on Real Estate Exposures (ERREEI The submission deadlines provided under BSP Circular No. 976 dated 10 October 20L7 for the Report on Project Finance Exposures (RPFE) and the revised Expanded Report on Real Estate Exposures (ERREE) are hereby revised as follows: Covered Reportlng Period lmplementatior Basis Submission Report Banks Quarter Ending Type Deadline Solo 31 March 2018 Conso RPFE UBs, KBs Pilot Run 31July 2018 Solo 30 June 2018 Consc Live Solo 19 October 2018 3O September ZOLB lmplementation Conso 13 November 2018 UBs, KBs, 3l March 2018 Solo Revised Pilot Run TBs, and 30 June 2018 Conso 19 October 2018 ERREE subsidiary Live Solo 30 September 2018 RBs lmplementation Conso 13 November 2018 UBs, KBs and TBs shall continue to submit the existing ERREE and schedules 11G1, 11G2 and 11G3 of the Financial Reporting Package up to reporting period quarter ending 30 June 2018. Effective upon the live implementation of both the RPFE and revised ERREE on reporting quarter ending 30 September 201& covered banks shall submit the solo report within 15 banking days from reference quarter and the consolidated report within 30 banking days from reference quarter. Guidelines on the electronic submission and the official release of the prescribed data entry templates of the RPFE and revised ERREE shall be covered by a separate issuance. For compliance. 3-gW' G. FONACIER !lJune 2018 A. Mobini Sf., Molole l0O4 Monilo, Philippines . 16321 7&7701 r www.bsp.gov.ph . [email protected]