Fee for replacement of lost Bangko Sentral Registration Documents for foreign loans/foreign currency loans and clarification on documentary requirements for sale of foreign exchange for foreign loan/foreign currency loan-related payments

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OFFICE OF THE DEPUTY GOVERNOr Monetary Stability Sector

CIRCULAR - LEttER

To REMITTANCE AGENTS BSP-SUPERVISED SuBsIdiAry/AFFILiAte FOreX CorPorationS, ForeiGn EXCHANGE ALL AUtHORIZED dealers/MoneY ENTITIES AGENT Banks, CHAnGERS AND NON-BANK THEIR AND

Subject 1) FEE FOR RePLAcEMent OF LOSt BAnGKo SentRAL REGIStRATIOn LOANS/FOREIGN CURRENCY LOANS; DOCUMENTS FOR FOREIGN

2) cLAriFicatiOn On dOcuMentArY ReQuireMentS LOAN/FOREIGN CURRENCY LOAN-RELATED PAYMENTS FOR SALE OF FOREIGN EXCHANGE FOR FOREIGN

please be advised that: Pursuant to Monetary Board Resolution No. 964 dated 21 July 2005.

A Effective immediately, the Bangko Sentral ng Pilipinas (BSP) shall

letters for foreign loans/foreigri currency loans and/or accompanying schedules: (Schedule RA-2); and/or "Schedule of Payments for Fees and Other charge private sector borrowers administrative costs for every replacement requested for iost Bsp registration "Schedule of Principal and Interest Payments on BSP-Registered Foreign Loan Charges on BSP-Registered Foreign Loan" (Schedule RA-2.1). the amount of PhP4,000.00 to cover

accompanied by a Payment Order from the Internationa! Department, BSP. Check or Cashier's Check payable to the Bangko' Sentral ng Pilipinas, 2. Payments shall be made to the BSP-Cash Department in Manager's

foreign exchange to borrowers on the basis of the original BsP registration letter only. The borrower must be required to present "the originais of Schedule RA-2/RA-2.1 together with the covering original BSP registration letter supported further by a copy of the creditor's billing as reguired under Sec. B.1 of Annex B to BSP Circular No. 388 dated 26 May 2003. This is also to clarify that foreign exchange selling institutions cannot sell

9_ August 2005 DIWA C. GUINIGUNDO Deputy Governor wu mmnce

PananalaPing Matatag, BanSang Panatag

A. Mabini St., Malate 1004 Manila, Philippines Trunkline (632) 524-70-11 @ URL:www.bsp.gov.ph @ e-mail: [email protected]