Report on Cross-Border Financial Positions of Banks

BANGKO SENtrAL nG PILIPInAS

OFFICE OF THE GOVERNOR

CIRCULAR NO. 850

Series of 2014

Subject: Report on Cross-Border Financial Positions of Banks

The Monetary Board, in its Resolution No. 1228 dated 7 August 2014, approved the issuance of the attached Report on Cross-Border Financial Positions.

The Report on Cross-Border Financial Positions is designed to measure and

banks (U/KBs) and their subsidiary thrift banks (TBs) to provide the BSP with a comprehensive view of potential financial risks and transmission channels emanating from foreign counterparties of Philippine banks. monitor the cross-border financial claims and liabilities of universal and commercial

The following guidelines shall cover the submission of the Report:

1 Coverage

All U/KBs and their subsidiary TBs shall submit the Report on Cross-Border Financiat Positions on a solo basis in accordance with the Guidelines on the Completion of the Report (Annex A).

2 Reportorial Requirements

The Report on Cross-Border Financial Positions shall be considered a Category B report and shall be implemented in 2 phases:

a Phase 1 - U/KBs and their subsidiary TBs shall submit an initial,

one-time report on their total cross-border financial position according to geographic region/country and currency within'12d calendar days after the initial reference date of 30 September 2014 using the template in Annex B.

b. Phase 2 - U/KBs and their subsidiary TBs shall submit a quarterly

report on their cross-border financial. positions which shall be categorized according to the sector of their non-resident counterparty within a country as defined in Annex A. A separate sheet shall be submitted for each sector using the template provided in Annex C. This sectoral report shall replace the initial report required under

A. Mabini St., Malate 1004 Manila, Philippines * (632) 7087701 * www.bsp.gov.ph [email protected]

reference quarter starting 31 March 2015. Phase 1 and shall be submitted within 30 banking days from end of

as follows: amended to include the Report on Cross-Border Financial Positions of Banks Appendix 6 of the MORB on the list of reports required of banks is hereby

2/ For TBs which are subsidiaries of UBs and KBs 1/ Starting 31 March 2015 reference period B. TBS A. UBs/KBs Category Report B B B B (Phase 1)2 Report on Cross-Border Report on Cross-Border Financial Positions Financial Positions2/ Report on Cross-Border Report on Cross-Border Financial Positions Financial Positions (Phase 1) Report Title Quarterly1 One-time One-time Frequency Quarterly/ Within 30 banking days from end of reference "Within 30 banking days quarter from end of reference Within 120 calendar days from 30 September 2014 quarter Within 120 calendar days from 30 September 2014 Submission Deadtine By electronic mail By electronic mail By electronic mail [email protected] [email protected] to SDC SDCKB- [email protected] to SDC SDCKB- SDCKB- [email protected] By electronic mait to SDC to SDC SDCKB- Submission Pro. cedure

3 Late and/or erroneous reporting of the said report shall be subject to

penalties prescribed under Subsection X192.2 of the Manual of Regulations for Banks (MORB) for Category B reports.

4 Mode and Manner of Submission

Specific guidelines on the mode and manner of submission of the Report on Cross-Border Financial Positions in the Philippines shall be covered by a separate memorandum issuance.

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effective starting with the 30 September 2014 quarter-end report for Phase 1 implementation and with the 31 March 2015 quarter-end report for Phase 2 implementation.l The Report on Cross-Border Financial Positions of Banks shall become

FOR THE MONETARY BOARD:

M ou DWA CGUNIGUNO Offier-in-Charge

Y September 2014

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Annex A

Guidelines on the Completion of the Report on Cross-Border Financial Positionst

Universal and commercial banks (U/KBs) and their subsidiary thrift banks (TBs) shall report counterparties from the perspective of the foreign bank/branch or domestic bank. their cross-border financial claims2 from and financial liabilities3 to non-residents and multilateral agencies according to geographic region/country, sector and currency on a solo basis. Foreign offices or branches abroad shall classify their non-resident

Classification

Y according to geographic region/country of residence of the counterparty. Financial reported in the "Others" section of the geographic region. Geographic Region/Country Classification - Report financial claims and liabilities claims and liabilities which cannot be classified according to country shall be

Geographic regions consist of (a) Asia-Pacific, (b) Europe, (c) North America (d) Offshore Centers4, (e) Africa and Middle East, and (f) Latin America and Caribbean.

category and shall not be classified according to geographic region/country. For the Financial exposures to multilateral agencies shall be reported under a separate

international organizations as defined under the Bank for International Settlements' (BIS') guidelines for reporting international banking statistics. An exhaustive list can be found at the BIS website on international banking statistics.5 Report on Cross-Border Financial Positions, multilateral agencies shall refer to

2 Sectoral Classification - Report financial claims and financial liabilities according to

sectora! classification of the non-resident counterparty which can either be a bank, a non-bank financial institution or from a non-financial sector, as follows:

Based on Bank for International Settlements (2013). Guidelines for reporting the BIS international Iocational banking statistics. 2 Consistent with the definition of the Bank for International Settlements in its international banking statistics, cross-border claims consist of loans and deposits to banks and non-banks, holding of securities and other claims.

3 Consistent with the definition of the BIS, cross-border liabilities consists of loans and deposits from banks. and non-banks, own issues of debt securities, and other liabilities. 4 As defined by the BiS, offshore centers refer to "countries with banking sectors dealing primarily with non residents and/or in foreign currency on a scale out of proportion to the size of the host economy. 5 http://www.bis.org/statistics/bankstatsguide.pdf

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Annex A

a Banks - This refers to all banks as defined under existing laws and

regulations in the countries in which the said entities are located. It also includes financial exposures to/from the foilowing institutions:

other depository corporations. of the financial system and carries out such activities as issuing Central Bank/Official Monetary Authority - This refers to the national financial institution that exercises control over key aspects currency, managing internationai reserves, and providing credit to

Related Entities -- This refers to the reporting bank's related entities that are situated abroad, namely:

a Branches, agencies and offices, including head office, in the

case of foreign banks/branches,

b. Controlling parent institution of the reporting bank

regardless of its sectoral classification; and

C Subsidiaries that are directly or indirectly majority-owned by

banks. the domestic bank and/or head office, in the case of foreign

I Foreign Offices -- This refers to foreign branches/offices of domestic banks.

Amounts reported in the "Total" columns refer to positions vis-a-vis banks and the aforementioned entities.

b. Non-Bank Financial Institutions -- This refers to public sector entities or

intermediation, but are not classified as banks. It also includes export credit private corporations that are engaged in financial intermediation or in auxiliary financial activities that are closely related to financial agencies.

C. Non-Financial Sector -- This refers to the central government, public sector

entities that are non-financial in nature, non-financial private corporations, and individuals.

The covered banks shall report financial claims and liabilities vis-a-vis multilateral agencies according to sectoral classification as prescribed by the BIS' guidelines for reporting international banking statistics.

Exposures that cannot be allocated by sector shall be reported in the Unallocated template.

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Annex A

3 Peso/US Dollar closing rate and the New York US Dollar/Third Currencies closing Currency Classification -- Report financial claims and liabilities to non-residents according to the currency in which they are denominated following the minimum recommended currency breakdown of the Bis for international locational banking statistics, namely, US dollar, Pound sterling, Swiss franc, Euro, Japanese yen and the Philippine peso. These positions shall be reported in US dollars at the exchange rate prevailing as of reporting date using the Philippine Dealing System (PDS) rate.

Relevant Financiai Accounts

4 Report financial claims and liabilities in accordance with prudential reporting

standards, gross of their related aliowance for credit losses, if applicable. All amounts must be in absolute figures, including two decimal places.

5 The following financial claims and liabilities, as defined in the Financial Reporting

Package (FRP) shall be reported in the data template:

a Financial Assets

Foreign Currency Cash on Hand (FCOH) -- Report FCOH as claims against the country of the issuing central bank/official monetary under Germany for the country classification. authority. Banks' holdings of Euro notes and coins shall be reported as claims on the European Central Bank, which shall be reported

I Checks and Other Cash Items (COCI) -- Report COCI according to the

geographic region/country of the drawee institution.

H Due From Other Banks -- Report the amount of Due From Other

Banks according to counterparty bank.

Iv. Debt and Equity Securities -- Report debt and equity securities

according to the issuer of the security.

1. Debt and Equity Securities Held for Trading (HFT) -- Report

2. 3. Available-for-Sale (AFS) Financial Assets -- Report the carrying the fair value of securities HFT. Loss (FA DFVPL) -- Report the fair value of FA DFVPL. amount of debt and equity securities classified as AFs financial assets, gross of allowance for credit losses. Financial Assets Designated at Fair Value through Profit or

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Annex A

4 Held-to-Maturity (HTM) Financial Assets - Report the amortized cost of debt securities classified as HTM financial

assets. 5 Unquoted Debt Securities Classified as Loans (UDSCL)

-- Report the amortized cost of debt securities classified as UDSCL. 6 Investments in Non-Marketable Equity Securities (INMES)

-- Report the cost of INMES.

V Derivatives with Positive Fair Value Held for Trading - Report the

positive fair value of derivatives according to counterparty. Foreign exchange (FX) derivatives shall be reported in the currency in which the derivatives are to be redeemed or settled.

Vi. Liability for Short Position -- Report the obligation of the bank to

Borrowing Agreements, which the former sold to third parties as a reduction in debt and equity securities classified according to seller/lender of security. Reverse Assignment/Participation with Recourse/Securities Lending and return securities purchased/borrowed from the seller/lender under Repurchase Agreements/Certificates of

Vii. Loan Portfolio - Report amortized cost of loans according to

borrower:

1 2 3. Loans and Receivables Arising from Repurchase Agreements. Securities Lending and Borrowing Transactions Certificates of Assignment/Participation with Recourse and Loans and Receivables-Others Interbank Loans Receivable

Vii. Derivatives with Positive Fair Value Held for Hedging - Report the

derivatives are to be redeemed or settled. positive fair value of derivatives according to counterparty. FX derivatives shall be reported in the currency in which the

ix. Sales Contract Receivable (SCR) -- Report the amortized cost of SCR

to buyer of the property. arising from the sale of :assets acquired in settlement of loans through foreclosure or dation in payment on installment according

Accrued Interest Income from Financial Assets -- Report the amount of accrued interest income from financial assets according to the counterparty of the related underlying financial asset.

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Annex A

Xi. Report the adjusted cost of equity investments according to the issuer of the security. Equity investment in Subsidiaries, Associates and Joint Ventures

i. applicable: Other Financial Assets -- Report the amount of financial claims against non-residents, covering the following accounts, as

6 8 3 4 5 7 1 2 Foreign Currency Checks and Other Cash: Items not according to the geographic region/country of the drawee geographic region/country of the of the issuing central Acceptable as International Reserves - Report this account Foreign Currency Notes and Coins on Hand not Acceptable as International Reserves -- Report this account according to the bank/official monetary authority. institution. Accounts Receivable Deficiency Judgment Receivable Sinking Fund Shortages Dividends Receivable Servicing Assets

12 9 1 10 Miscellaneous Financial Assets Miscellaneous Checks and Other Cash Items Petty Cash Fund - Report this account according to the geographic region/country of the branch/agency abroad where petty cash is situated. Deposits with Closed Banks/Banks in Liquidation

Xii. according to the geographic region/country of the branch/agency abroad as "Foreign Offices" under the "Bank" sector. Inter-office Float Items (with Foreign Offices for Domestic Banks) -- Office/Branches/Agencies accounts of branches and agencies Report the debit balance difference between the Due to Head Office/Branches/Agencies Iocated abroad of domestic banks. Amounts shall be reported and Due from Head.

Xiv. Due From Head Office/Branches/Agencies Abroad (Philippine branch

reported according to the geographic region/country of the branch/agency abroad as "Related Entities" under the "Bank" sector. of a foreign bank) - Report the amount of Due From Head Office/Branches/Agencies Abroad between foreign bank branches and their head office, branches, agencies abroad. Amounts shall be

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Annex A

b Financial Liabilities

Derivatives with Negative Fair Value Held for Trading -- Report the negative fair value of derivatives according to counterparty. FX are to be redeemed or settled. derivatives shall be reported in the currency in which the derivatives

I. (DFVPL) -- Report the fair value of financial liabilities DFVPL according to lender. Financial Liabilities Designated at Fair Value through Profit of Loss

I. Deposit Liabilities -- Report the amortized cost of deposit liabilities

according to depositor.

iv. according to counterparty bank. Due to Other Banks -- Report the amount of Due to Other Banks

V Bills Payable -- Report the amortized cost of bills payable according

to lender, broken down into the following accounts:

3. Securities lending/borrowing agreements 4. Other bills payable 1: Interbank loans payable 2. Repurchase agreement

Vi. Bonds Payable -- Report the amortized cost of bonds payable according to holder. Bonds payable with maturity of up to 12 months and those with maturity exceeding 12 months shall be separately reported.

Vii. UnSD according to holder. UnSD with maturity of up to 12 months and those with maturity exceeding 12 months shall be separately Unsecured Subordinated Debt (UnSD) -- Report the amortized cost of reported.

Vi. Redeemable Preferred Shares -- Report the amortized cost of preferred shares with maturity of up to 12 months and those with maturity exceeding 12 months shall be separately reported. redeemable preferred shares according to holder. Redeemable

Ix. Derivatives with Negative Fair Value Held for Hedging -- Report the

negative fair value of derivatives according to counterparty. FX are to be redeemed or settled. derivatives shall be reported in the currency in which the derivatives

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Annex A

X Accrued Interest Expense on Financial Liabilities - Report the amount of accrued interest expense on financial liabilities according to the counterparty of the related financial liability.

Xi Finance Lease Payment Payable -- Report the amount of future lease

payments payable under finance leases according to lessee.

Xi Treasurer/Cashier/Manager's Checks - Report the amount of

treasurer/cashier/manager's checks payable according to designated beneficiaries.

Xii. payabie according to designated beneficiaries. Payment Orders Payable -- Report the amount of payment orders

XiN Margin Deposits on Letters of Credit (LC) and Customers' Liability on according to depositor. non-interest bearing deposits or margin deposits on commercial Ietters of credit arising from movement of goods or services Bills/Drafts under LCs and/or Trust Receipt -- Report the amount of

XV Cash Letters of Credit - Report the amount of import letters of credit

issued where the importer pays 100 percent in Philippine pesos.

XV. Outstanding Acceptances Executed by or for Account of this Bank --

arising from customer trade, which calls for time drafts payable form of acceptance credit. Report the amount of liabilities according to correspondent bank within a specified number of days from the date of presentation of the beneficiary, for which the bank has given accommodations in the

XVi. Unearned Income -- Report the unearned portion of income received

according to recipient. This includes rentals received in advance.

Xvii. Other Financial Liabilities -- Report the amount of financial liabilities

to non-residents, covering the following accounts, as applicable:

1 Other. Taxes and Licenses Payable -- Report the amount of

5 2 3. 4 6 Deposit for Stock Subscription - Report according to the geographic region/country of the stockholder/subscriber Miscellaneous Liabilities taxes and licenses payable to non-residents. Servicing Liabilities Dividends Payable Accounts Payable

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Annex A

Xix. Inter-Office Float Items (with Foreign Offices for Domestic Banks) -

located abroad. Amounts shall be reported according to the geographic region/country of the branch/agency abroad as "Foreign Offices" under the "Bank" sector. Report the credit balance difference between the Due to Head Office/Branches/Agencies accounts of branches and agencies Office/Branches/Agencies and Due from Head

XX. and their head office, branches, agencies abroad. Amounts shall be branch/agency abroad as "Related Entities" under the "Bank" sector. Due To Head Office/Branches/Agencies Abroad (Philippine branch of a foreign bank) - Report the amount of Due To Head reported according to the geographic region/country of the Office/Branches/Agencies Abroad between foreign bank branches

C Equity Issuance - Report the amount received as equity or paid-in capital

from non-resident stockholders:

1. iv. V: I I Philippines pursuant to Section 4 of R.A. No. 7721. This amount shall be reported according to the geographic region/country "Related Entities" under the "Bank" sector. Assigned Capital -- Report the amount of capital permanently assigned by a foreign bank to its branches operating in the classification of the head office of the foreign bank branch as Additional Paid-In Capital 1. Hybrid Tier 1 2. Equity Component of Compound Financial instruments Deposit for Stock Subscription Paid-In Capital Stock Other Equity Instruments

d In the case of foreign bank subsidiaries, report amounts under the following

accounts as a financial liability (if a positive amount), or a financial claim (if a negative amount), according to the geographic region/country classification of the controlling parent institution of the foreign bank subsidiary as "Related Entities" under the "Bank" sector:

I I Undivided Profits Retained Earnings (Retained Earnings - Reserve and Retained Earnings - Free account)

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Annex 8

Category: B

Deadline: 120 calendar days from 30 September 2014

Submission: [email protected] Soft copy for e-mail to SDc

FOR UNIVERSAL/COMMERCIAL BANKS AND SUBSIDIARY THRIFT BANKS

Name of Bank Code

Address

REPORT ON CROSS-BORDER FINANCIAL POSITIONS (PhaSe 1) (Solo Report)

As of (Reference Quarter)

REPUBLIC OF THE PHILIPPINES) S.

best of my knowledge and belief. I solemnly swear that all matters set forth in this report are true and correct, to the

Authorized Signatory

Valid iD No. o SUBSCRIBED AND SWORN TO BEFORE ME this 20 issued at 20 affiant exhibiting to me his day of

Notary Public Until December 31, 201 PTR NO. Place

Series of Doc. No. Page No. Book No.

Original Currency: USD, Pound Sterling, Swiss Franc, Euro, Yen, Other Foreign Currency, Peso Report on Cross-Border Financial Positions In US Dollars Annex B

Additional Paid in Capita For foreign bank subsidiaries only: nter-Office Float Items (with Foreign Offices for Domestic Banks) Due to Head Office/Branches/Agencies Abroad (Philippine branch of a foreign bank) ASSIGNED CAPITAL Other Equity Instruments Deposits for Stock Subscription Assigned capita! Treasurer/Cashier/Manager's Checks Margin Deposits on LCs and Customers' Liability on Bills/Drafts under LCs and/or TRs Outstanding Acceptances Executed by or for Account of this Bank Paid in Capital Stock Accrued Interest Expense on Financial Liabilities Finance Lease Payment Payable Payment Orders Payable [Cash Letters of Credit Other Financial Liabilities Derivatives with Negative Fair Value Held for Hedging Unearned Income Unsecured Subordinated Debt a. With maturity of 12 months or less b. With maturity greater than 12 months Redeemable Preferred Shares Deposit Liabilities c. Securities Lending/Borrowing Agreement a. With maturity of 12 months or less. b. With maturity greater than 12 months Financial Liabilities Designated at Fair Value through Profit of Loss Due to Other Banks a. Interbank Loans Payable b. Repurchase Agreements Bonds Payable a. With maturity of 12 months or less b. With maturity greater than 12 months. Inter-office Float items (with Foreign Offices for Domestic Banks)] Due from Head Office/Branches/Agencies Abroad (Philippine branch of a foreign bank) Derivatives with Negative Fair Value Held for Trading Bills Payable Sales Contract Receivable - Net of Amortization Accrued Interest Income from Financial Assets Equity Investment in Subsidiaries, Associates and Joint Ventures d. Other Bills Payable Derivatives with Positive Fair Value Held for Trading Loans and Receivables Arising from Repurchase Agreements, Certificates of Assignment/Participation with Recourse and Securities Lending and Borrowing Transactions Derivatives with Positive Fair Value Held for Hedging Other Financial Assets LIABILITIES nterbank Loans Receivable Loans and Receivables-Others. Due From Other Banks Debt Securities: Equity Securities: Foreign Currency Cash on Hand Checks and Other Cash Items. CLAIMS Retained Earnings Undivided Profits Less: Liability for Short Position Available-for-Sale Financial Assets Investments in Non-Marketable Equity Securities Financial Assets Held for Trading Financial Assets Designated at Fair Value Through Profit or Loss Held-to-Maturity Financial Assets Unquoted Debt Securities Classified as Loans Available-for-Sale Financial Assets Financial Assets Held for Trading Financial Assets Designated at Fair Value Through Profit or Loss Accounts GEOGRAPHICAL REGIONMuItlateraT Country Tota Agencies. Tota!

Annex C

Category: B

Deadline: 30 banking days after end of reference quarter Submission: Soft copy for e-mait to SDC [email protected]

FOR UNIVERSAL/COMMERCIAL BANKS AND SUBSIDIARY THRIFT BANKS

Name of Bank Code

Address

REPORT ON CROSS-BORDER FINANCIAL POSITIONS (Solo Report)

As of (Reference Quarter)

REPUBLIC OF THE PHILIPPINES) S.

' best of my knowled ge and befief. I solemnly swear that all matters set forth in this report are true and correct, to the

Authorized Signatory

Valid ID No. on SUBSCRIBED AND SWORN TO BEFORE ME this 20 issued at 20 affiant exhibiting to me his day of

Unti! December 31, 201 PTR NO Place Notary Public

Series of Doc. No. Page No. Book No.

Report on Cross-Border Financial Positions Original Currency: USD, Pound Sterling, Swiss Franc, Euro, Yen, Other Foreign Currency, Peso Against Bank Counterparties Page 1of 4 Annex C

Deposits for Stock Subscription [Other Equity Instruments For foreign bank subsidiaries only: Other Financial Liabifities Inter-Office Float Items (with Foreign Offices for Domestic Banks) Due to Head Office/Branches/Agencies Abroad (Philippine branch of a foreign bank) Paid in Capital Stock Additional Paid in Capital Assigned capital Margin Deposits on LCs and Customers" Liability on Bills/Drafts under LCs and/or TRs Dutstanding Acceptances Executed by or for Account of this Bank ASSIGNED CAPITAL Redeemable Preferred Shares Derivatives with Negative Fair Value Held for Hedging Accrued Interest Expense on Financial Liabilities Finance Lease Payment Payable Payment Orders Payable Cash Letters of Credit Treasurer/Cashier/Manager's Checks Unearned Income Unsecured Subordinated Debt b. With maturity greater than 12 months Financial Liabilities Designated at Fair Value through Profit of Loss Bills Payable Bonds Payable a. With maturity of 12 months or less a. With maturity of 12 months or less Sales Contract Receivable - Net of Amortization Equity investment in Subsidiaries, Associates and Joint Ventures nter-office Float Items (with Foreign Offices for Domestic Banks) Due from Head Office/Branches/Agencies Abroad (Philippine branch of a foreign bank) Derivatives with Negative Fair Value Held for Trading Deposit Liabilities b. Repurchase Agreements a. With maturity of 12 months or less b. With maturity greater than 12 months b. With maturity greater than 12 months Loans and Receivables Arising from Repurchase Agreements, Certificates of [Assignment/Participation with Recourse and Securities Lending and Borrowing Transactions Derivatives with Positive Fair Value Held for Hedging Accrued Interest Income from Financial Assets Other Financial Assets Due to Other Banks a. interbank Loans Payable c. Securities Lending/Borrowing Agreement d. Other Bills Payable Derivatives with Positive Fair Value Held for Trading [Interbank Loans Receivable Loans and Receivables-Others LIABILITIES Foreign Currency Cash on Hand Checks and Other Cash items Debt Securities: [Equity Securities: Due From Other Banks CLAIMS Retained Earnings Undivided Profits Financial Assets Designated at Fair Value Through Profit or Loss Less: Liability for Short Position Financial Assets Designated at Fair Value Through Profit or Loss Available-for-Sale Financial Assets Investments in Non-Marketable Equity Securities Available-for-Sale Financial Assets Unquoted Debt Securities Classified as Loans Financial Assets Held for Trading Financial Assets Held for Trading Held-to-Maturity Financial Assets Accounts KGEOGRAPNICAL REGION Muhinteral Bank Central Bank Entities Related Country Foreign Offices Total Agencies Total

Report on Cross-Border Financial Positions Original Currency: USD, Pound Sterling, Swiss Franc, Euro, Yen, Other Foreign Currency, Peso Against Non-Bank Financial Institutions Page 2 of 4 Annex C

For foreign bank subsidiaries only: Other Equity Instruments [Assigned capital Margin Deposits on LCs and Customers" Liability on Bills/Drafts under LCs and/or TRs Due to Head Office/Branches/Agencies Abroad (Philippine branch of a foreign bank) Paid in Capital Stock Additional Paid in Capital Deposits for Stock Subscription Finance Lease Payment Payable [Treasurer/Cashier/Manager's Checks Outstanding Acceptances Executed by or for Account of this Bank Other Financial Liabilities Inter-Office Float Items (with Foreign Offices for Domestic Banks} ASSIGNED CAPITAL Derivatives with Negative Fair Value Held for Hedging Accrued Interest Expense on Financial Liabilities Payment Orders Payable Cash Letters of Credit Unearned Income b. With maturity greater than 12 months Unsecured Subordinated Debt Redeemable Preferred Shares b. With maturity greater than 12 months Equity Investment in Subsidiaries, Associates and Joint Ventures nter-office Float I(tems (with Foreign Offices for Domestic Banks) Due from Head Office/Branches/Agencies Abroad (Philippine branch of a foreign bank) Financial Liabitities Designated at Fair Value through Profit of Loss a. With maturity of 12 months or less a. With maturity of 12 months or less nterbank Loans Receivable Derivatives with Positive Fair Value Held for Hedging Sales Contract Receivable - Net of Amortization [Other Financial Assets Derivatives with Negative Fair Value Held for Trading Bonds Payable a. With maturity of 12 months or less Derivatives with Positive Fair Value Held for Trading. Loans and Receivables Arising from Repurchase Agreements, Certificates of Assignment/Participation with Recourse and Securities Lending and Borrowing Transactions Accrued Interest Income from Financial Assets LIABILITIES Deposit Liabilities Due to Other Banks Bills Payable .. Securities Lending/Borrowing Agreement . Other Bills Payable Loans and Receivables-Others a. interbank Loans Payable b. With maturity greater than 12 months Foreign Currency Cash on Hand Checks and Other Cash Items Equity Securities: b. Repurchase Agreements Due From Other Banks Debt Securities: CLAIMS Undivided Profits Retained Earnings Financial Assets Designated at Fair Value Through Profit or Loss Investments in Non-Marketable Equity Securities Financial Assets Held for Trading Financial Assets Designated at Fair Value Through Profit or Loss Held-to-Maturity Financial Assets Financial Assets Held for Trading Available-for-Sale Financial Assets Less: Liability for Short Position Unquoted Debt Securities Classified as Loans Available-for-Sale Financial Assets Accounts GEOGRAPHICAL REGIONMuIIateraT Country Total Agencies Total

Report on Cross-Border Financial Positions Original Currency: USD, Pound Sterling, Swiss Franc, Euro, Yen, Other Foreign Currency, Peso Against Non-Financial Sector Page 3 of 4 Annex C

For foreign bank subsidiaries only: Other Equity instruments Assigned capital Additional Paid in Capita] Deposits for Stock Subscription nter-Office Float items (with Foreign Offices for Domestic Banks) Due to Head Office/Branches/Agencies Abroad (Philippine branch of a foreign bank) ASSIGNED CAPITAL Paid in Capital Stock Outstanding Acceptances Executed by or for Account of this Bank Other Financial Liabilities Finance Lease Payment Payable Margin Deposits on LCs and Customers Liability on Bills/Drafts under LCs and/or TRs Unearned Income Accrued Interest Expense on Financial Liabilities Treasurer/Cashier/Manager's Checks Payment Orders Payable Cash Letters of Credit Derivatives with Negative Fair Value Held for Hedging Unsecured Subordinated Debt Redeemable Preferred Shares b. With maturity greater than 12 months b. With maturity greater than 12 months a. With maturity of 12 months or less b. With maturity greater than 12 months Bonds Payable a. With maturity of 12 months or less a. With maturity of 12 months or Jess c. Securities Lending/Borrowing Agreement Derivatives with Negative Fair Value Held for Trading Financial Liabities Designated at Fair Value through Profit of Loss [Due to Other Banks] [Bills Payable d. Other Bills Payable Inter-office Float Items (with Foreign Offices for Domestic Banks)] Due from Head Office/Branches/Agencies Abroad (Philippine branch of a foreign bank) Deposit Liabilities b. Repurchase Agreements [Sales Contract Receivable - Net of Amortization Accrued Interest Income from Financial Assets [Other Financial Assets JLIABILITIES Derivatives with Positive Fair Value Held for Hedging Equity Investment in Subsidiaries, Associates and Joint Ventures Loans and Receivables Arising from Repurchase Agreements, Certificates of Assignment/Participation with Recourse and Securities Lending and Borrowing Transactions Retained Earnings Derivatives with Positive Fair Value Held for Trading Loans and Receivables-Others] a. Interbank Loans Payable Undivided Profits nterbank Loans Receivable Equity Securities: Foreign Currency Cash on Hand Due From Other Banks [Debt Securities: Checks and Other Cash Items CLAIMS Investments in Non-Marketable Equity Securities Unquoted Debt Securities Classified as Loans Financial Assets Held for Trading Financial Assets Designated at Fair Value Through Profit or Loss Less: Liability for Short Position Held-to-Maturity Financial Assets Available-for-Sale Financial Assets Financial Assets Designated at Fair Value Through Profit or Loss Available-for-Sale Financial Assets Financial Assets Held for Trading Accounts GEOGRAPHICAL REGION MuTtlateraL Country Total Agencles Total

Report on Cross-Border Financial Positions Original Currency: USD, Pound Sterling, Swiss Franc, Euro, Yen, Other Foreign Currency, Peso Unallocated by Sector Page 4 of 4 Annex C

For foreign bank subsidiaries only: Due to Head Office/Branches/Agencies Abroad (Philippine branch of a foreign bank) Deposits for Stock Subscription Assigned capital nter-Office Float Items (with Foreign Offices for Domestic Banks) Other Equity Instruments Dutstanding Acceptances Executed by or for Account of this Bank ASSIGNED CAPITAL Paid in Capitaf Stock Additional Paid in Capital Derivatives with Negative Fair Value Held for Hedging Accrued Interest Expense on Financial Liabilities Treasurer/Cashier/Manager's Checks Margin Deposits on LCs and Customers' Liability on Bills/Drafts under LCs and/or TRs Cash Letters of Credit Other Financial Liabilities Finance Lease Payment Payable Unearned Income [Unsecured Subordinated Debt Redeemable Preferred Shares a. With maturity of 12 months or less b. With maturity greater than 12 months Payment Orders Payable Accrued interest Income from Financial Assets Equity Investment in Subsidiaries, Associates and Joint Ventures nter-office Float Items (with Foreign Offices for Domestic Banks) Due from Head Office/Branches/Agencies Abroad (Philippine branch of a foreign bank)] Derivatives with Negative Fair Value Held for Trading c. Securities Lending/Borrowing Agreement Bonds Payable a. With maturity of 12 months or less b. With maturity greater than 12 months a. With maturity of 12 months or less Loans and Receivables-Others [Assignment/Participation with Recourse and Securities Lending and Borrowing Transactions Sales Contract Receivable - Net of Amortization] Other Financial Assets Financial Liabilities Designated at Fair Value through Profit of Loss Deposit Liabilities Bills Payab[e b. Repurchase Agreements d. Other Bills Payable b. With maturity greater than 12 months Derivatives with Positive Fair Value Held for Trading [Interbank Loans Receivable Loans and Receivables Arising from Repurchase Agreements, Certificates of Derivatives with Positive Fair Value Held for Hedging LIABILITIES Due to Other Banks Foreign Currency Cash on Hand Equity Securities: a. Interbank Loans Payable Checks and Other Cash items Due From Other Banks Debt Securities: [CLAIMS Retained Earnings Undivided Profits Investments in Non-Marketable Equity Securities Held-to-Maturity Financial Assets Unquoted Debt Securities Classified as Loans Available-for-Sale Financial Assets Less: Liability for Short Position Financial Assets Held for Trading Financial Assets Designated at Fair Value Through Profit or Loss Available-for-Sale Financial Assets Financial Assets Held for Trading Financiai Assets Designated at Fair Value Through Profit or Loss Accounts GEOGRAPHICAL REGIONMuHlateraL Country Total Agencler Total