Year 2000 Contingency Measures for the Banking Industry

X 2inas

MAYNLA, FILIPINAS

CIRCULAR LETTEE O ALL BANKS

YEAR 2OCO CONTINGENCY MEASURES FOR THE BANKING INDUSTRY

Bangko Sentral ng Pilrpinas. arfrounces its Yesr 2n00 readiness, its banking hours during the contingency period ard the contingency measur es du ing the crossover period. Pursuant to Morietary Board Raxclu:ion No. 1606, dated November 5, 1999, the

A. Definition of Terms

1. Contingency Period - The contingeny Fericd shall be irom December 1, 1999 to January i 5, 2c00.

2. Crossover Period - 'The crossover perisc: shall be from December 29, 1999 to January 3, 2000

B. Banking Hours during Cortirigency Pet'iod

To assure the public that there will be encugh cash any ine tc meet withdrawals, BSP will

banks, key departrients and offices of BSt in t'te head office and its i 8 regional branches and 27 regional ckearing certer: shall observe the falloving banking hours during the contingency period: remain open during the hofidays ic: service withdrawals of banks. To service the withdrawals of

January !, 2000 All Saturdays except Cerember 25 December 31. 1:995 December 30, i999 .3:0 A t02:00 PM -{) AM t02:00 PM -3:00 AA to 2:00PM - 9:03 AM to 12:00 Ncon

withdrawals on the above dates. Banks' Head Offices ond selected branct ka: are encouraged to open in order to service deposit

C. Procedures for Cast Trar.sac tiors Among A IfA N atwcrks During the Crossover Period

adversely affect the nosmal deposit and w t'racrawai transactions of other banks, particularly during the crossove: period.. Alt members of ATMi networks are enjoinsd to refrain from adopting any measure that wilt

ITAGUYOD ANG PHLiFPINES 2OO MAGMPOK SA BANGKO

D. Cash Transactions Curing: the Crossover Per wd

the Saturdays and holidays ot the centingeney per iod. The BSP Cash Departmer:t and regional cash centers shall service: onty cash withdrawals during

E. Value Date of Loan Availrmants and Cash Transtdion: During the Crossover Period

period shall be valued on the da.e: of the trarsections. No back valuing shall be permitted for these transactions. Loan avaiinents: trom: the BSp credit vrindous and cash withdrawals during the crossover

F. Check Clearing Operatiors

I. Normal funds avaiiability period shall be astu, d tl-roughout the contingency period

2. Alternate Clearing Canters for Metro MManilt attd Manila Ourtward Ciearing - In case of Cafetorium and -the Miakeati Sports Club. Yhe: ont ngency procedures issued by PCHC shall be non-availability of cornpater cperatiors of nember banks or the Philippine Ciearing House Corporation, clearing participants shall arcess the alternate clearing sites at the BSp 3rd Floor adopted

3. Alternate Clearing Prccedures or BSF Rexicnal Ciearing Centers - In case of failure of back up compute:s. Shoud the telecormur t.tation facility of a bank fail, its setting clerks shall present the diskette contain ing the Iank's iferus brought for clearing. computer operations of any clearing partic p ant, the setuing clerks shall be encouraged to come one hour tefore the scheduled cleatin g t me "o prepare its clearing statement using BSP's

4. Returned COCI Cleari.g on December 3(6, + 19 - Only the AM Returned COCi Clearing shall be conducted on Deember 30, 190: Cor value December 25. 1999.

G. Electronic Fund Transfer Instr rctions (EFTiS) fror Costoris Duties and internal Revenue Taxes

I. To off ioad she crosscver period, all rer rit.n ces af custorns duties and internal revenue taxes shall be debited to the derrand deposit ot Tu: banks on their original due dates. earlier collected and cue: to be credited ::- tre Gerreral Fund of the Bureau of Treasury during the crossover period shall be trainsmitted to tu: BSR on Decomber 29, 1999. The remittances

1:3

2. in case of failure of any bank to access the EFTis facility, a printed copy of the "Authority to Debit" shall be used as. ar: alternate mode of ceriveving the fund aransfer instruction. H. Interbank Call Loan Trarsactiorts{iB CL} MiP

1. Should there be a failure o% aniy bank to part cipate in the on lane operations of iBCL - MiPS and in case the server at the PCH& is not availeble, the formis shcwn in Annex A shall be used and contingency procedures in Annex B shall b. activated.

2. IBCL trading on December 30, 1999 - 4: atbreviated IBCL trading shalt be conducted on BSP regional clearig Ceaser$ December 30 for valle December 29. :999- 3&P shall settie the matched transactions at 12:00 Noor: after recognizing the result: of t xe AM Returned COCI clearing of PCHC and

3. The first tBCL trading of 2000 shall be had om Janurary 4 for value January 3

I. BSP Command Centers - The dedicated telenhone anc: fax numbers of the command centers are shown in Anriex (..

This Circular Lettror shall take effe ct immediately

ARMANDO L. SURATOS Officer-in-Charge

December .. 94

ANNEX A

BANKING INDUSTRY INFRASTRICTRE Y2K CONTTNGENCY PLAN

Scenario Prerequisite MIP'S DOWTE Ienc.er anc hotrower suorit writ-en notice of tist of officiais authorized to sign and designat ed repres.m:av: aat "iorized to receive documents from BsP

8:00 AM to 11:00 AM Timeline BSp "Treastry Lendert I. Lend ing - Brrowing for Falue the Day efore Process Flow anc Tineline + Prepares Dubir/ Cred t I Authorizei signitories 1dvice BSP IeaSuLy Bor'pwve- BSF Accounting - DLRD

: 4:00 PM Nn 11:00 AM 4:00 PM to 12:00 2:00 Nn to 1:00 PM 4:00 to to 1:00 PM 2:00 to Nn 2:00 to 5:00 PM 11:00 AM to 12:00 12:00 Nn Delivers signec. Retains copy of " Checks inbox fo. " Retains received cory * Verifies Debit! Crecit 1 Authorized borower signatori es sigr of signed cocument advice deliverea by signed documen: confirrnaticn o docun:ent to Esr notice of nor-enecutior Fcpayrment/Coleg{ict: m Maturity Date u Rerains cepy cr Delivers s igne: -hecks irixx * Detivers oeun ent ts * Retains re: ivx cop- ender for sigra ure tonf rmation ur notice debit/crecEt av-e 1ocumen: t0 3 3P of debit/c -exi: a fviee Jigas of ner-execu o : I"- Sends Eniail notice of unwinding. " Checks a lequacy of balance of payor Broadcasts final DDa Receives document and validates # Checks alequacy of balance of iender Executes trade, unwinds trade of = Receives document and validates a Executes collection/repayment and lender with negative balance, and ..upcates DDA balance unwinding and updates DDA balance names ot signatories vs_notice corfirmation and notice o: balance for preceding day names of signatories vs notice nor-exec tion

4:00 to 5:00 PM Checks inbox fbr notice of confirma ion or non-execution I schecks irhex. te? f ron-exeea: s1 confrmat:on cr notice I Sends Enail notice of unwinding. : Broadcasts finai DDA balance for confirmation and notice or nor-exec :ion

precedins day

A XHNNV RRDLARDARVARNTARN 6661 ELVC RVNIAITRI DN TEVLNAS ONDNVA Jo btoot peor ao me htoo apoD a(NAtm Jo dtodor pomnao an -- apO aANAUB Sosed jo jooumoo ur (eo HD yuaqnaj st Je naAnd u 6661 . :tor st pioeet ttitt prtitiotin ho kt pided (3 1 pd o C A D} (R{3 103 U% 33u{} UKI3S SKt {E}O} o} pof(O {ot s! {eos oy8ue{ e{y au poosptn s} Ihienttiiiettittoettitntntt iroreo iittte intittihtototinthn tttooittintfohorhrootgt Iireitritihiti teint ttr htnitttritittitgt ientttt iitt iitteit iintit t tl. fnttrtt lit pt tnontnts trttntrli pitn t! paoudt sa To6t rorRLr) poeoCt re oRN/ut (sreoHJO BuZioupnV Jo jo auaN) Kq paZHonV (eeoer tooeer) peoet ee eeriteooen

:O LAHO pE t : s an

AHNA E PRRRREERRRRRRRRRRRRRRERRRRERT 166 ALVG PonDN .- PoN G pmue tod Porn rtec WRP AR Re tehrttttttietreitrbherni irhirititoiiiahr iiigeefritittiotittthottot nreiitoit ih {riet udit ioit enttaotttrtoteeee air siottr o p ptr doetntt tnt ntntnnn inntne pt rtntt tnninnli pinrit t (hitnr Btinonl hojodant) Ki oizionrnv

PVNIAKRIA AN RVALNAK OXDNVU peorohet bo ptorop prtrot aee iid artor tononoghot jo bronep prorop oo nior por H i Kt Ko} pon urot {euor{a}o spoanod uenoa rneopoearaoppeonbebannp Dr are J({ A SABC 1O ON tooq t dteo aoutoo joe sodtt puttap nt ! papuatt st To6t (roouap) poiqor e opRNpouer (orn D otoo) ppD ooONO

: sto

:O

ANNEX C BANGKO SENTRAE NG PILIPINAS YIK COMRAND CENTER

Office/Departmert Ofi cial Tel. No. Fax No.

Supervision & Exarnination So to!

Deputy Governor Dept. of Commercial Ban kg Wellness Checks/Liquicity Financial Reporting Coorr linior Officer-in-Charge Call Center Coordinator Help Desk Coordinator Monitoring of Banks Mr Fernando Caballa Mrs.Adorar cn.Dawis Mrs.Ma. Corazun J Guerrerc Atty. Rolanaio A Q. Agustin Mr Aiberto rReyes Mirs. Leny i. Etv astre 524-8912 526-8290 525-3571 523-5778 523-6919 525-1962 536-0065 525-5683

Dept. of Commercial Ban ks it Wellness Checks/Liguicit y Call Center Coordinator Help Desk Coordinator Financial Reporting Coordinator Director Monitoring of Banks Mrs. Norma Ma ylasang Mr CriaccM.Lator Mr Atberto A.Reyes. Mr Tomas -ure Mrs. Ma. Dolores V. Yuvienco 525-6820 523-3392 525-3614 523-5114 523-1530 525-4989

Dept. of Thrift Banks & Nor-Ban! Financial Institutions Help Desk Coordinators Director Call Center Coordinafot Atty. Candon G rerrero. Me Sefarra P Espina Mrs. Nila Fora Hazareno Mr Arsenio A.Paiad Ma. Lekan M. Canu ias Mrs. Anor & F. Atture 523-6035 523-6035 523-6035 523-2582 523-2582 524-7011 524-6892

Dept. of Rural Banks Director Call Center Coordinator Afty Vifre pmcong Mrs Benide Alan. 536-6062 523-3626 523-9962

Banking Services Sector Deputy Governor Managing Director, Loars anc! Credit & Asset Managemer: Mr " Aman do Telangco, Jr. Mr Andres 1. Fustia 524-8722 524-8914 524-6697 524-6694

Dept. of Loans and Credt. Officer-in-charge Commercial Banks Thrift Banks Mrs.Joan Cores Mrs. Rosalinda Durralang Mrs. Cetestua Cajucom 536-6061 523-7848 523-6310 536-6061

Page 1 of 3 Pages

Office/Departnterit miche Tel. No. ANNEX C Fax No.

Rural Banks Atty. Siegfrient Yb nez 536-6028

Cash Depariment Deputy Director Deputy Director Director For Withdrawals: Mrs. Aurora I... Crrz. Mr.Henry.N.Ema Carmencita ..ntrarmencita Visperas tumtnada D.. Caap Everyn Beftrar/Ccra Natividad NirsTerestaManigaue Letty Jacintc uFloaabel Carlos 524-2592 523-1212 525-3082 524-6098 523-2422 524-2455 523-2460 536-6007

Branch Operations Branches Cagayan de oro La Union Cabanatuan Dagupan Dumaguete Hoio Kalibo Legazpi Lucena Naga Tacloban Tuguegarao Zamboanga Officer-in-Charge Other Officers Angeies. Bacoiod Cebu Cotabato Davao Mr.R zai G.SaTia Mrs.Scnia S.colneRo)es Mr. Pedro Twdiia iMr.Nestor M. Fetez,Jr Mrs.NancyPurtcgaran Nr Frirno B. nuecto Mr.Nicees Ma oc Mr.Gooofred T.Ciria Mr. Foderico . rantoria Mr. Eenjamin G. Einarao Mrs. Ligaya C.aou rre. Mr.Agustin F. Lackayo Mr. Lorenzo G. Zetro Mr.Parcival C..annla Mr. Cosar 3. E.&ar Mrs. Leonora s. Tenplenuevo Atty Eden M. Foncaric Mr. Fuben A. 3aro Mrs. Paulita G. Err le Mrs.Hormosa t. M la Mr. Nicasio Z. facn (045)...688-4747 (08822)...72-6098 (053)~ 321-2031 (044) - 463-1736 {(032).. 254-0973 (072) - 888-2083 (034) -- 433-3178 (064). 421-3117 (082) -227-9051 (062)- 991.2151 (075)- 522-0120 (033)- 335-1180 (036)- 262-3212 (052)- 2143-425 (042)- 710-3175 (078)- 844-4075 (035)- 2:25-4426 (054)- 811-1059 536-6005 523-5877 524-6703 536-5998

Top Management Sector Treasury Department Officer-in-Charge Dealing Room Deputy Director Backroom - Inti. Operationa Backroom - Dom. Operafions Ms.Jeanete Sguenza Mr.Sadiri o Mrs. Ramors GT Sartiago Mrs. Edna Vars Lagrimas Cruz MsAlice D.Laa 525-3553 525-3270 523-5295 524-3915 525-3360 536-0734

Page 2 of 3 Pages

Office/Departnen Mrico Tei. No. ANNEX C Fax No.

Resource Management Secto! Managing Director, Acooun ting Deputy Governor & information Technology Secretariat,Y2K Contingency Task Force Mis. Virginia R. Lopez Atty Armana'o i. Suratos Mra Teresia Cata 525-5991 524-5017 536-0102 524-6693 536-0080 524-6693

Information Technoloty De st Director MrsTeresi S. Buls aco 523-2476/ 525-5330 523-3434

Transport Department Security, Investigation and Officer-in-Charge Aty.Margamo.Vilarco 524-8924 523-2580

Building Management Dep Sundays and Hotidays Deputy Director After 6:30 p.m. on regular days and anytime on Saturdays. Director Mr.Michael. Gosmun do Arehitect Riiand Pinangat 525-7886 536-5991 523-2331 524-4296

Accounting Department Demand Deposif of Banfs (Refer to Schedule 1 for list of Banks) Cluster 11 Banks Cluster 1 Banks Cluster 2 Banks Cluster 3 Banks Ciuster 4 Banks Cluster 5 Banks Cluster 9 Banks Cluster 10 Banks Ciuster 6 Banks Cluster 7 Banks Cluster 8 Banks] Johnet Medna/Chminador Tajudar Sisenendo BurrzoArlene Quiachon Gina Macat angag/Suzanne Velascc Anastacio Meray ag/Corazon Canopio Cristino C. F gonio/Arseno Eeller Remedios Miacapintac/Enrique Bunay Juiet SubaMar cor Cartarroja Marene Dav orercia Besana Ma Victoria FrrnciscolArene Fuertes Augusto A. Cal an/Gcmeniano Joves Ricardo SankoaElzabeth Cruz 523-2333 523-2318 525-4014 525-4015 525-4017 525-4023 523-2298 523-2313 525-3664 525-3678 525-4006

Government Accounts and Financial Analysis Divisto! Wila s Ast Mercy 8. Roya 524-7232 524-7232

Page 3 of 3 Pages

CLUSTERUNONF EANKS Schedule 1

TELEPHONE NUMBER CLUSTER NO. BANK BANK

523-2333 CH NATRUST

ALLIED ANL 3 C

DB? BANCO SANTARDER WESTMONT 4 5 1 ACEORH 1

BANCO FHLINO ANCHOR BSP-DT`BN1 10 8 9

BANK OF CALAPE BANGKO EY(TO SMB 12 11

BANK ONE CENTENNIA: ABiN AMrC: BPIFAMILY? EAST ASIA CAP.TAL ALLASIACAPTAL AB-CAPITAL& INVEST AGRICOM R.3 - T'OOP. BANK OF CAM NORTE 20 13 16 17 18 14 15 19

523-2298 BANKOF ANERICA FAR EAST EAVEOS Y.B CITYSTATE SALINCS CONSUMERSFVNGS FEDERAL ASIANBANK BANGKOK EANK CHINA BAHTG EQUITABLE S.C"INGS ECOLOGY SAFINGS INSULAR SAVINGS ASIA UNIT ALLIED SAVINGS 1 13 12 14 10 2 3 4 5 6 1 8 9

Page 1 of 6 Pages

CLUSTEIHENG DF BANKS Schedule 1

TELEPHONE NUMBER CLUSTER NO BANK BANK

MALAYAN RC3C CAPHAL FIRST METRG MULTINATT)[AL CDDP.RB O* (GCTUG)-KAGAYANON RB ISLA 20 11 1 19 18 15

523-2313 EAST WEST BAK BANKOFYKYO B SOLID BANF PHIL AMANAH 3ANK KEPPEL PCIB SM3 CHASE MANHATIAN DAONENG 4 O C 6 8 1 C 5} 2

BPI LEAEH KEY RUNA(BANK RB OF ANIIFOLO RC3C SAVINGS. OMNI SAVINGS OR"ON SB PILIPINAS SAVINGS: PHIL POSTAL PHIL SAVEHG PHILAM SAYINOS RICHMOND SAFINGE STAIE INVESIMENT 20 11 12 13 1 11 1 18 19 10 14

523-2318 dBs BAnK PHi's. DEUTSCHEK BANCO DE:OR BANKOF COMMERCE C c

IUC?B SAVIN CS PAIMPANGA DEV.BANK BANKWISH EXPORT AND HDUSTRY AKLAN DE 9 O S t 8

Page 2 of 6 Pages

CLUSTERTG OF BANKS Schedule 1

TELEPHONE NUMBER CLUSIER NG. BANK ASIA TRUST BLSINESS COHS. BANK BANCO CEBUNO (CEBU CITY DB) BANCODAHAD AREA DB BANK 10 11 12 13 14

IBC DE RB OF APAT RB OF BUENAVISTA (ILOILO) BPI CAPYTAL 11 15 1

525-3664 H CITIBANK

FUJBANK FArEASt BANK EQLITABLE PCRANK 2 4 3

THEPALAVEAN RANK BICOL DB CADANATL AN CITY DE RB OF BUOAEN - RB OF LATU PAGLAS OPTMUM DE DANADCITYE ILOCOS SU DH UNITRUST EIS BATAAN DIS EATANGAS DD EP AGRIDH DUMAGUETH&T(Y DB UREANCORP TE 11 12 13 15 17 10 14 16 5 1 8 O t

525-3678 X FONGKONGBAK 1

CLCBAL IOILO CITY D INTE EXC.ENK INTER ASIA H EASTERN VAYAS DB ING 3 4 6 I

FIRST CONSCAEATED EVER DB o

Page 3 of 6 Pages

CLUSTERIRG CF BANKS Schedule 1

TELEPHONE NUMBER CLUSIER NG BANK LIPA CITY LA uNION:3 CENTURY DBE SAVINES LUEON DB TEACHERS DE MINDANAG DB NORTHPOINT D3 BPI CARD FNAHCE BANK 10 12 11 13 14 15 1 11 18

NEWORK.RB CF SOUTHERN FHILS.

RB OF CE VTHAL MINDANAO 19

525-4006 PAINASIA BANKING INC MAYBANK RC3C FIRST SLA PRUDENTHAL FILHOME ELA GUAGUA SE HERMOSA &LA 2 3 E E 4 C 1 8

HIVAS SLA

9

LEOAZPISLB LEMERY SLE LBERTY HA LHFE SLA NSULARIN YEST KAUNLAF AN SLA LIPA PUBC _A. 12 10 11 15 13 14 11 RE OF KAEASLAN RB OF AMDEO (CAVITE) 1

525-4014 JKOREA EHCHANG E P.B PCIRANK PHILBANA PENINSULA DES 5 C 4 3

Page 4 of 6 Pages

CLUSTERUNIIFRANKS Schedule 1

TELEPHONE NUMBER CLUSTER NO HANK BANK

PDCP DB PREMIER I OUREN CITY DE PLANTERS PE 6 2 8 9

INATION BANK SANPABLO DB SECOND BUCAN DB 12 11 10

CAVITE DH IST PROVINAL DE PANGASANAN DB RE OF MAGAAO - RB OF NORZAGARAY FIRST MAIAY.LJ LLASING 14 13 15 16 1

525-4015 PBCOM PHILTRUST PHEL VETERAN S c C 1

PHPNAS fANR BATAANSL3 TO WER DIT 5 4 0

CROWN SA CENTRAL MYVNGSISLE COMMERCIA P BATANGAS SIB CHY SLA. HG COMMUNTY 3A CORDILLESA S LA 12 11 10 13 O 8

EXPRESS MA PENTACA-ITAT FINANCE FArMERS S.. 14 15 1 RB OF NUEVACACERES -RBOR

ROSAR G(AOUSAN DEL SUR) 17

525-4017 L SECURITY

STANDARL IN TLCOMLEANK OF CHINA 2 2 UNON OE 4 I5

Page 5 of 6 Pages

CLUSTERENC: F RANKS Schedule 1

TELEPHONE BANK

NUMBER CLUSTER BANK

MARITIME: SLA MANHLA BPNEING MALASIOUI PREKGRESS SLE ACTVE BANF 9 6 8 F

MERCHANTS SLA 10 PANGASINAN SA PENAFRAP&A SLA 11 12 PROGRESSEL 13

PCCA RBOFROSARO(BATS) -RB OFSIBALOM REAL SLA SANDIGAN SLA. SAMPAGUTTA SLA QUEZON C-CCOJUT PRODUCERS 15 11 14 1 18 19

525-4023 1 TRADERS BANE UCPE UR BAN TA BANK 4 F 2 C

ROBINSON S PHL BUSIIEAS BANK SECURED 3HA SHLAHIS SA 9 8 SHLANGAN S. O

WINEANK METRO CEEC HUBLIC SB UNTIY SLA VISCAYA ELA UNIVERSIT"I A UTLTYS.A VILLAGE SI A UNIVERSALSL URBAN CCFE 10 1 13 15 116 1 14 1 12

CE3U SOLTH RB -- EAMBOANGA

DEL NOFTEOOOP BANK 19

Page 6 of 6 Pages