To ensure uniform treatment of transactions related to the Special Guarantee Fund
CIRCULAR LETTER Series of 1994
ALL COMMERCIAL BANKS AND EXPANDED COMMERCIAL BANKS, LAND BANK OF THE PHILIPPINES MANUAL OF ACCOUNTS FOR COMMERCIAL BANKS
For purposes of ensuring uniform treatment of transactions related to the Special Guarantee Fund under the PCIC-Calf Guarantee Program the Revised Manual of Accounts for Commercial Banks and Expanded Commercial Banks is hereby amended, so as to change the existing general ledger account "Due to PCIC-Crop insurance Premium" to "Due to PCIC". The bank may create a new subsidiary ledger accounts for this purpose.
FELICIANO MIRANDA, JR. Deputy Director
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