Comprehensive Credit and Equity Exposures (COCREE) Report

Corrected Copy BANGKO SENTRAL NG PILIPINAS CIRCULAR NO. II3I Series of 2c.21 OFFICE OF THE GOVERNOR Subject Comprehensive Credit and Equity Exposures (COCREE) Report The Monetary Board, in its Resolution No. 1699 dated 9 December 2o.21, approved to enhance the Report on Credit and Equity Exposures to Individuals/Companies/Groups aggregating Pl.O million and above (CREDEX). The enhancements shall enable the Bangko Sentral to capture granular credit and equity exposures of BSP superuised financial institutions (BSFls) for purposes of strengthening the surueillance and analysis of emerging risks in BSFIs and the financial system. The enhanced report shall be renamed and referred to as the Comprehensive Credit and Equity Exposures (COCREE) Fleport. Flelevant sections of the Manual of Regulations for Banks (MORB) and Manual of Flegulations for Non-Bank Financial Institutions (MORNBFI) shall be amended to implement the COCREE. Section l. Section 173 of the Manual of Regulations for Banks (MORB) and SectionITZ-Q of the Manual of Regulations for Non-Bank Financial Institutions (MORNBFI)are hereby accordingly amended to incorporate the COCREE Fleport, as follows: .REPORTS xxx Report on Repu rchase Agreemenfs. xxx Comprehensive Credit and Eqtity E4tosures Report. The Comprehensive Credit and Equity E)q)osures (COCREE) Report is designed to capture granular borrower/counterparty'information for all credit and equity exposures of BSFIs. This shall cover Universal/Commercial Banks (UKBs) and their Thrift Banks (Ttss), Non-bank Financial Institutions with Quasi-banking Functions (NBQBs) and Trust Corporation subsidiaries, as well as Digital Banks. The COCREE Report shall be considered a Category A-7 report and shal-l- be electronically submitted monthly within fifteen (15) banking days after end of the reference month. The maiden submission sha1l take effect starting with the reporting period ending 3l- March 2022. Page I of3

The electronic submission of the COCREE Report shall conform with the prescribed submission procedures and guidelines covering the required format structure, l-ine- item instructions, validation rules and appropriate Lechnology for reporting, among others. Erroneous/de1ayed,/erroneous and delayed/unsubmiLted reports shall be subject to penalties prescribed under Sec. 171 of the MORB (Sanctions on reports for non-compTiance with the reporting standards) /Sec. 172-Q of MORNBFI Sanctions in case of wilLful deTay in the submission of reports/refusaL to permit examination) . xxx" Section 2. AppendixT of the MORB on the Fleports Flequired of Banks Appendix Q-3 of the MORNBFI on the Lisf of Fleports Flequired from Quasi-banks, and Appendix T-3 of the MORNBFI on the List of Reports Required from Trust Corporations are hereby amended as shown in Annex A-l of this Circular. Section 3. Separate regulatory issuances, through Memorandum and/or Circular Letter, shall prescribe the submission procedures and guidelines, required reporting structure, corresponding line-item instructions, validation rules, and appropriate mode and technology for COCREE reporting. Section 4. Transitory Provision. The transitory provision shall be added as a footnote in Section 173 of the MORB and SectionlT2-Qof the MORNBFI: To facilitate the transition to the new COCREE Report, the existing CREDEX Fleport shall continue to be submitted quarterly in accordance with its existing deadline and reporting rules until otherwise advised by the Bangko Sentral, while the COCREE Report shall be submitted based on the following prescribed schedule: Govered BSFIs Reference Month COCREE Report submission Deadline 3lMarch2O22 6June2022 Universal/Commercial 30 April?O22 4Julv 2o22 Banks (UKBs)and their 31Mav2O22 5 Auqust 2022 Thrift Bank (TB), Non- 30June2022 2 September2o.22 bank Financial 31Julv 2o22 30 September 2o22 Institution with Quasi- 3l Auqust 2022 17 October20.22 banking Functions 30 September 2022 7 November 2o22 (NBQB)and Trust 3l October 2022 29 November2o22 Corporation 30 November 2o22 15 banking days after end subsidiaries, as well as and onward of reference month Diqital Banks Page 2 of3

| .r I r Jl Scction:5. This Circular shall take effect fifteen 05) calendar days following its publication either in the Official Gazette or in a newspaper of general circulation. FOR THE MONETARY BOARD BENJAMIN E. DIOKNO Governor [f Oecembrrr?o?l Prgolofl

AnnexA-I REPORTS REQUTRED OF BANKS [Appendix to Sec.I73I PRIMARY REPORTS A. UBs[(Bs Category Form No. MOR Ref- Report Title Frequency Submission Deadline Submission Procedure xxx xxx xxx xxx xxx xxx xxx A-l Unnumbered Section 173 Comprehensive Cred it and Monthly 15 banking days after end of via Fl portal Equity Exposures Report reference month (M-O2O dated cocREE)" 0,4.22.14,as amended by Cir. Nos.89O dated 11.O2.15,963 dated 0,6.27.17, M-O28 dated O9.ll.l7, and Cir. No.ll3l dated 13 December 20.211 xxx xxx xxx xxx xxx xxx xxx .. To facllltate the transition to the COCREE Report, the cREDEx Report sh.ll contlnue to be submitted quartedy In accordance with its existlng deadllne and teportlng rules until otherwise advlsed by the Bangko Sentral, while the CocREE Report shall be submltted basod on the schedule provld€d In Clrcular No. ll3l dated 13 Decembet 2021. Digltal Banks shall comply wlth the same COCREE reportlng roquirements applicable to uBsn(Bs. Page I of4

AnnexA-l B. TBs Category Form No. MOR Ref- ReportTitle Frequency Submission Deadline Submission Procedure xxx xxx xxx xxx Xxx xxx xxx A-1 Unnumbered Section 173 Comprehensive Credit and Monthly 15 banking days after end of via Fl portal Equity Exposures Report reference month (M-O2O dated (cocREEr 0,4.22.14 as amended by Cir. Nos.89O dated ll.O2.l5,963 dated 0,6.27.17, and Cir. No.ll3l dated 13 December 20211 xxx xxx xxx xxx Xxx xxx xxx " To facllltate the transltlon to th€ COCREE R€port, the CREDEX Report shall contlnue to b€ submitted quartedy in accordance wlth lts exlstlng deadlln€ and repottlng tules untll othelwis€ advised by the Bangko Sentral, whlle the COCREE Report shall be submltted based on th€ schedule provld€d In Clrcular No.lISl dated 13 D€c€mb€r 2O2l. Page 2 of4

AnnexA-l Lrsr oF REPORTS REQUTRED FROM QUAS|-BANKS [Appendix to Sec. r72-Q] Category Form No. MOR Ref- Report Title Frequency Submission Submission Deadline Procedure xxx xxx xxx xxx xxx xxx xxx A-t Unnumbered Section 172-Q Comprehensive Credit and Equity Monthly 15 business days via Fl portal Exposures Report (COCREEf. after end of (As amended by CL reference month dated 08.06.03, M-O28 dated O9.ll.l7, and Cir. No. llSl dated 13 December 202ll xxx xxx xxx xxx xxx xxx xxx o To facllltat€ the transition to th6 COCREE Report, the CREDEX Report shall continue to be submltted quarterly In accordance with its existing d€adlln€ and reportlng rules until otherwise advised by the B.ngko Sentral, while the COCREE Report shall be submitted based on the schedule Drovid€d in Circular No.llsl dated 13 December 2021. Page 3 of4

Annex A-I LtsT oF REPORTS REQUTRED FROM TRUST CORPORATIONS Category Form No. MOR Ref- Report Title Frequency Submission Submission Deadline Procedure xxx xxx xxx xxx xxx xxx xxx A-l Unnumbered Section 172-Q Comprehensive Credit and EquitY Monthly 15 business days after via Fl portal Exposures Report (COCREE) * end of reference (As amended by CL month dated 08.06.03, M- o28 dated o9.ll.l7, and Cir. No.llSl dated 13 December 20211 xxx xxx xxx xxx xxx xxx xxx - To facilitate the transitlon to th€ COCREE Report, the CREDEX Report shall continue to be submitted quarterly in accordanco with its exlstlng d€adlln€ and reporting rules untll otherwise advised by th€ Bangko Sentral, while the COCREE Repod shall b€ submitted bas€d on the schedule plovld€d In clrcular No.ll3l dated 13 December 2O2l. Page 4 of4