Segregation of Customer Funds and Securities Received by Banks in the Performance of their Securities Brokering Functions

Banero SeNrnaL No plr-lprNas OFFICE OF THE GOVERNOR ctRcutAR No. 88s Series of 2015 Subject: segregation of customer Funds and securities Received by Banks in the Performance of their Securities Brokering Functions. The Monetary Board, in its Resolution No. 1176 dated 23 July 2015, approved the following guidelines governing the Segregation of customer funds and securities received by banks that are duly registered by the Securities and Exchange Commission (SEC)to act as securities brokers. Section 1. Part lX of the Manual of Regulations for Banks (MORB) is hereby amended to read as follows: t'xxx ,,C. SECT'RITIES BROKERING ACTII'ITIES OF BA}TKS "section x907 segregation of cuetomer fundg and securitiee received by banks in ttre performance of their gecuritieg brokering functions. "subgec. x907.1 statenent of policy. pursuant to the BSP's poli-cy of promoting the development of domestic capital markets by uphordlng lnvestor protection and transparency in securities transactj_ons, following are the guldelines rerating to the segregation, handring and reporting of customer funds and securities received by banks in the performance of their securities brokerino functions. The limited coverage of the guidelines sharl not reli-eve the bank acting as securities broker of it.s obrigation to comply with other requirements of the securities Reguration code (sRc) and its rmplementing Rules and Regulations (IRR). rrSubgec. X907.2 Definition of Tenms t. Securities BrokerJ_ng A securities brokering transaction refers to the act of buying and selling evidences of indebtedness, shares and al_1 types of securities bv order of and for the account of customers. A. Mabini St., Malate 1004 Manila, Philippines c 16321708-77O1 o www.bsp.sov.ph r [email protected]

2. securities Broker - A securities broker refers to an entity which is duly-registered by the SEC to engage in securities brokering transactions. 3. customer A customer refers to any person from whom, or on whose behalf, a securities broker receives, acquirLs or holds funds or securities for the account of such person. 4. customer securities customer securities refer to (a) securities received by a securities broker in behalf of any customer; (b) securities carried long by a securities broker for the account of any customer; (c) securities sold to, or bought for, a customer, by a securities broker. 5. customer Funds This shaIl refer to funds received from a customer by a broker under a securities brokering arrangement. 6. Broker customer Account for settlement of customer Trades This shall refer to the separate cash account and margin account of the customer which shalr be used excluslvely for the settrement of securities brokering transactions. 7. Broker customer securities Account This shall refer to customer securities held i-n accordance with securities brokering agreements such as securities held as margl-n and/ or prior to the settlement of a customer securities transacti_on. rrsubgec. x902.3 segregation of customer Funde and securities. A bank which receives customer funds and securities in the performance of their securities brokering transactions shal1 keep these funds and securities separate from its own assets and liabirities. a. For securities brokering purposes, separate accounts, shalI be opened and maintained by/for the customers, designated as follows: . (1) "Broker Customer Account for Settl_ement of Customer Trades,, where all funds pertinent to securities brokering transactions sha1l be lodged; and (2) "Broker Customer Securities Account', where all securities pertinent to securities

brokering transaction of the customers sharr be lodged. b. The bank must institute adequate risk management systems and controls to ensure protection of customer funds and securities, proper segregation of functi-ons and prevention of conf lict of interest situations that may arise in the conduct of securities brokering activities within the bank. 'tSubsec. X90?.4 Accounting and Record Keeping. A bank shaI1 make and keep current books and records relating to customer funds and securities which shall be maintained in the principal office of the bank. a. customer Funds received by banks in its brokering acti-vi-tles sharl be recorded in the liabirit| account "Broker customer Account for settlement of customer Trades". This account shall be governed by the f ollowing guideli_nes: (1) A11 funds under this account are held by the bank in a fiduciary capacity. (2) ft shalt be free from any and aI1 liens on the Bank's assets and shall_ not be hel_d to answer for any liability of the Bank. (3) It shalI not earn interest and wi1l not be included under the coverage of an insured deposit under Republic Act. No. 3591, Ers amended. (4) It shaIl also be excluded from the monies/assets for which the BSp requires reserves. b. securities received by banks in its brokering aciiviti-es such as securities held as margii and/or herd prior to the settlement of customer securities transaction shaI1 be recorded as an off-balance sheet item under the '.Broker cusEomer securities Account" in the books of the bank proper. This account sha1l be governed by the following guidelines: (1) A11 securities under this account are held by the bank in a fiduciary capacity.

(2) This shall be free from any and all liens on the Bank's assets and shall not be held to answer for any liability of the Bank. (3) This shall also be excluded from the monies/assets for which the BSP provides reserve reguirements. "subeection X907.5 Receivership. Whenever a receiver is appointed by the Monetary Board for a bank which is authorized to engage in securities brokering activities, the receiver shalI, pursuant to the instructions of the Monetary Board, proceed to close the securities business promptly and arrange for another Exchange Member, where such bank is a member of an Exchange, to take over any outstanding contracts and inform the affected customers in writing that their accounts have been transferred. Where the bank isnot a member of an Excha.nge, the receiver, pursuant to the instructions of the Monetary Board, shall notify the affected customers, if dny, of the placement of such bank under receivership and require that they transfer their accounts to another broker. "Srd)sec. X907.5 Reportorial Requirements. All banks with securities brokering 1j-cense shalI submit to t,he appropriate unit of the SES on a monthly basis an additional report attached as Annex A of this Circular. This report sha1l be considered a Category A-1 report and shal1 contain the end-of-week balances of cash and securities that are held in accordance with the securj-ties brokering arrangement with its cl-ients. "xxx xxx xxx" Section 2. The indicated sections of the Financial Reporting Package (FRP) issued under Circular No. 512 dated 3 February 2006, as amended, shall be further amended, as follows: (a) Manual of Accounts " BATANCE SHEETACCOUNTS "xxx xxx xxx "@!!i-tv.Accoun!g "xxx

"30. Broker Customer Accounts for Settlernent of CuEtomer TradeE - This refers to customer cash accounts and margin accounts received by banks which shaI1 be used exclusively for the settlement of securities brokering lransactions. "31. Other Liabilities-xxx" 'r32. Due to Head office/Branches/Agencies Abroad (philippine branch of aforeignbank)- xxx" "33. Due to FCDU/RBU - x x x,, t'xxx ,, INCOME STATEMENT ACCOUNTS " xxx " 5. Fees and Commissions tncome "xxx r\ (e) Incone Ftom Securities Brokering Activities This refers to fees and commissions i-ncome from securities brokering activities. rr (f) Securitization Activities- x x x (g) Income from Fiduciary Activities - x x x (h) Others- xxx ttxxx " CONTINGENT ACCOUNTS " xxx " 9. Others tt xxx r\ (j) Broker customer securities Account This refers to the customer securities representing the market value of securities herd in accordance with securities brokering agreements such as securities

held as margin and/or prior to the settlement of customer trade. r\ (k) Other Contingent Accounts - x x x (b) Line ltem Instructions "Schedule 1- Cash and Other Cash ltems (COCI) "xxx "Additional Information "Due from Philippine Clearing House Corporation (FCHC) - x x x "CaEh Segregated for Customer Brokering Serviceg This refers to amount received from customer which sha1I be used exclusively for the settlement of securities brokering transactj-ons. "Schedule 2 - Due from Other Banks "xxx " Additional lnformation "(1)xxx *(2) Special Reserve Bank Account For Securities Brokers Report the amount of deposits maintaj-ned in another bank for the exclusive benefit of the customers in accordance with the provisions of Rule No. 49.2 of the Securities Regulation Code (SRC) on customer protection, in the case of banks and their financial allied subsidiaries that are duly registered by the SEC to act,as securities brokers. ttxxx " Schedule 3 - Financial Assets Held for Trading "xxx " On Debt Securities " Report the fair value of the securities held for trading classified as to issuer of the securities . " (a) Reserve and Liquidity Floor Requirement - x x x

" (c) Special Reserve Bank Account Securities Held for the Exclusive Benefit of customers This ref ers to the net carrying amount of qualif ied securit j-es held under a custody account with a BSp-authorized securi_ties custodian, in accordance with the provisions of Rule no- 49-2 of the sRC on customer protection, in the case of banks and their financiar alried subsidiaries that are duly-registered by the sEc to act as securities brokers. t'xxx "schedule 41 - Investment in Debt securities lssued by LGUs and Loans Grantedto[GUs-xxx "xxx xxx" Section 3. Revised reports of the FRP under Circular No. 512, as amended dated 3 February 2006. Amendments to the Balance Sheet, Income Statements, schedules t, 2, 3, 5, 6, 7 and 38 under circular No. 512, as amended, dated 3 February 2006 are hereby attached as Annex B. Section 4. Revised reports of the Simplified FRP under Circular No. G44, as amended dated 10 February 2009. Amendments to the Balance Sheet, Income statement, schedules L,2,6c,78 and 38 under circurar No. 644, as amended, dated 10 February 2009 are hereby attached as Annex C. Section 5. Transitory Provisions. Banks acting as securities brokers shall report their securities brokering transactions in the FRP report format (both solo and consolidated basis) issued under Circular No. 512, as amended dated 3 February 2006 and Circular No. 644, as amended dated 10 February 2009, beginning with the reporting period ending 30 September 2015. The submission of the additional report required under Section 1 of this Circular shall commence from the reporting period ending 30 September 2015. This report shall be submitted every 15th banking day after end of reference month. The additional report shall be considered a provisional report template which may be revised by the BSP six (6) months from 30 September 2015 upon due notice to the concerned banks. Guidelines on the preparation and submission of the reports required under this Circular shall be covered by a separate issuance.

Section 6. Effectivity. This Circular shall take effect fifteen (15) calendar days after its publication either in the Official Gazette or in a newspaper of general circulation. FOR THE MONETARY BOARD Fh orrrst 2015

A}INEX A Broker Customer Accounts for Settlement of Customer Trades - Cash Accounts - End-of-Week Balance For the month of xxx BANKNAME BKCODE ln obsolute amount CASH ACCOUNTS Cash received for securities sold in behalf of Cash used for Week Cash received customers: Cash held as End-of-Week Beginning Balance securities bought in from customers margin Balance behalf of customers Booked under the broker Booked under customer account other accounts L 2 3 4

A}INEX A Page2of 2 Broker Customer Securities Account - End-of-Week Balance For the month of xxx BANKNAME BKCODE ln obsolute amount SECURITIES ACCOUNT Fair value of securities bought in behalf of Fair value of securities sold in behalf of customers Fair value of securities customers received from customers End-of- Week Beginning Dematerialized held as week held prior to the Dematerialized Balance Physically certificated Physlcally certificated settlement of customer securities delivered to securities held by third margin balance securities held under securlties held under trade third party party this account this account custodians/depository custodians/depository 1 2 3 4

AI{NEX B Schedule BS Balance Sheet Page 1 of4 LoarB and Rsceivaues nrsirB fro@tes of with Recqtrse, ard Securities Lending and Borrowing TrarFactions

AIINEX B Schedule BS Page2ol 4 Balance Sheet Pe3o FgDU'EFCDU Forelon offlces Account D€3criptlon Account Codo Tot l Accountr lnUSt Eouiv In llS 3 .s Eoulv. ln LlS I o Eoulv- 13) D€rivatives with Positive Fair Value Held for H€dgirE 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 (a) FairValueHedg6 1450510000(X)000000 0.00 (b) CashFlowHedoes 145052000m0000m0 0.00 (c) Hedoes of a Net lwestmert in Fo.eign Op€ratbn 0.00 (d) Portfolio Hedqe of lnterest Rat€ Rbk 0.00 l4'r Re-valuatbn of Hedoed Ass€ts in Portfolio Hedoe of hterest Rate Rbk 145100000000000000 0.00 15) SalesContraclRec€ivaue l/151500000000000m 0.m 0.(x) 0.@ 0.q) 0.00 0.q) 0.q, 0.q] (a) P€rformim r45151m00m000000 0.00 (b) NorrPerformim 1451520m000000(x)0 0.00 Unemdtind Discouil aN Ahq Ddqred Credlts 0.00 sda CnntE.J Flmeivable - Net of Amtritzation 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 o Less: Allowance fq Credd Losses 169151500000000000 Sal6 CdtE:t Rsc€ivabl€ - N€t 195451500000000m0 0.m 0.00 0 0.m 0.00 0.00 0_00 0.00 16) Acnred lnt€rest lncome from FinancialAssets 0.00 o Less: Allowdnca fu Credlt Losses Amnsl ldssl l|.me from FinarEial Assets - Net 193t5200o0qxxxn00 0.m 0.00 0.00 m 0_m 0.m 0.00 0.m 0.00 17\ Equity lmrestmert in Subsiriaries, Associates aqt Joint ventures 1452500qxn000m00 o Less: Allowance fu Credif Losses Fdritu ltu*lmerf in Subsiriiaries- Associat€s ard Joint Venhtes - Net 1954525000000m000 0.00 0.00 0.q) 0.00 tal Bank Premis6- Furiture. Fixture and EouiDmett 1s0050000000(xn000 0.00 Less : Accu mulated D eqeciation Lessi Arrow€rce fd Losses Fl.n& pramic* Frrnihre Fixhre and EduiDment - Net 0.00 0.00 0.00 0.00 0.00 19) Realand other Prooerties Acquired 1501 000000000000(n 18s10000m00000m0 0.00 Less: Accumulated De$eciation 0 fessi Arrowance ftr Losses 0.00 0.(x) 0.00 0.00 0.00 Real and Ourer Prooerties Acouired - Net 0.m 20) No.Fcunent dssets Held for Sale 15015000(xn0(xxD01 0.0 Lsss.' Alrowanca fd Lossss 180r5000qxxn00000 0.00 0.00 0 0.00 0.00 NoDcurerl Ass€ts H€ld for Sale - Net 0.00 21) Goodwill 1502000000000000m 180200000(xxxnfin0 0.00 L6ss: /4rfowanc6 ftr Losses G(nlwill - Nel 19s502000000finm0 0.00 0.00 0.00 0.00 0.00 0.q) 0.00 0.00 Less: Acc u mul ated Amvtizatbn 18025000q)m0mo00 0.00 Less: Arrowance for Losses 0.r 0.00 0.00 0.(x) 0.00 O.r 0.00 155100000000m0000 0.00 o Le#: Allowence fd Losses 0.00 0.00 0.00 0. o.00 o.m 0.00 0.00 Other Asssts - Net 2S) Orr trom Xead Otrce/Branches/Agencis (Phiippine bra@ 1552500000000qxn0 0.00 100000000000000000 0.00 0.00 0.00 o.m 0.m 0.00 0.m fot.l Alsets ccounl! 1) Finarrial Liabilities Held for Tradino 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 (a) Derivatives with Negative Fair Value Held for Tradiq 0.00 (b) Liabtity for Short Positon z)51m0000000000(x) 0.m 2l Fimncial Liabilities Deshnated at Fair Value tlrollgh Protlt or Loss 0.m 0.00 0.00 0.00 0.00 0.00 0.00 (a) Demard Deposits 21505000m00000000 0.00 rh\ sr 2151m0000000(x)000 0.m (c) NOWAccounts 0.00

AI{NEX B Schedule BS Balance Sheet Page 3 of 4 Account Dg3criptlon Peso Forelgn Rogulal FCDU'EFCDU Foreign Officas Account Code Total Accounts InUS$ Pero Eoulv. ln IJS 3 (d) Time Certificate of Deposits 21515000000m0(xn0 0.00 (e) LTNCO 0.00 0.00 ,5) B$s Pay?Ue 22010000qxxxxp000 0.00 220150000000000000 0.00 2351 50m0000000000 0.00 29520150m00000000 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 2202m000000000000 0.00 0.00 0_00 0.00 0.00 0.m 0.00 0.00 0.00 0.00 220250000000000m0 0_00 9) Financhl Liabilitbs Associated with Transferred Assets 225050m0000000000 0.00 :10) Derivatives with Negative Fak Vatue H€td for Hedging 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 (a) FaiValueHedges 0.00 (b) CashFlowHedges 22510200000m00000 0.00 (c) Hedoes ot a Net hvestment in Foreirn Ooeratim 2251030000@(xxxn0 0.00 (d) Portfdio Hedge of Inierest Bate Rbk 0.00 | 1) Revaluation of Hedged Liabilitirs in Portfolio Hedqe of Interest Rate Rbk 0.00 l2) Accru€d Interest ExDense on Financial Lbbilitbs 225200000000000000 0.00 13) Finance Lease Pafnent Payable o.oo 14) Sp€cial Time OepGit 0.00 15) Due to Treasurer of the PhiliooirEs o.oo 16) Treasurer/Cashier/lt4qnageds Checks 0.m 17) PavmentOrdersPayau€ 0.00 rd, Margn ueposrts on L(;s and Customers' Lbbtiv on Bills/Drafts undef LCs and/d TFls 2302qn00m00000(n 0.00 19) Cash Letters ofCredit 23025(xxrc000m00@ 0.00 20) Outstanding Acceptances Executed by or for Account of this Bank 23030000000000(xn0 0_00 21) Due to BarElg Sentral ng Pilipinas 0.m Due to Philippine Oeposit Inswanc€ CorDoratbn 0.00 Due to Philiooine Croo lnsurance Cormration 230450000000000000 0.m 241 IncomeTaxPavable 0.00 25) Oth€r Taxes ard LicerEes Payable 0.00 0.(x) l7l Unearned lncome 23065(x)000000m000 o.oo 281 Defened Tax Liabilities 0.00 29) ProvbbrE o.oo 0.00 0.00 0.m 0.00 0.00 0.00 (a) PerBbns and OtlEr PGt Rettement B€rEfit Oblioations 2307510m000(xn000 (b) OtlErs 0.o0 (30) Brohcr Custqer Accouls tor Sethlqenc of Cusiomer Tradc8 (31) Other Liabilitbs 0.00 ( 32 ) Due to Head fficdBranches,/Aoenci€s (PhilioDire bramh of a foreion banki o.oo 3) Du€toFCDU/RBU rotal Llabllltle3 200000000000000000 T 0.00 o-oo 0.q) 0.00 0.00 o_00 0.00 0.00 Equlty Accqunt3 l) PaU in Capital Stock 3os{xxmomo(xxxxn I ofi) 0.00 0.m 0.00 (a) CommonStock 0.00 0.m 3050s000@fin00000 (b) P€rpdual ard NorcumLdative Prefe.red Stock 305100o0o0oooooooo T -, (c) Perp€tualandcumdativePreferredstock , 30515m0m0m000(x) I Addifional Pait-in Caoital 305200000000000000 0.00 J' r,rllEf EOUtty Instrumems 3100000000flxxn000 0.00 ooo T 0"007 0.00 0.00 0.00 (a) Hybrid Ti(?| I 310030000000m0000 (b) EquityComporcntofcompoundFinanchl lrstruments 3100500000000(Xrc00 (c) OttpB 0.00 -T 31090000000m00000 | 0.00 -T

AIINEX B Schedule BS Balance Sheet Peso FOaglgn Regular F :e3 Account D*criptlon Account Code Total Accounls lnuS3 Pem Eoulv. ln tlS 3 Pem Eoulv. lnuS3 Pm Eouiv. 4) Deposits for Stock Subscriptbn 30525000000fixn000 0.00 Retain€d Earnims 0.00 0.q) o.q) o.(X) o.(x) 0.q) (a) R€tained Earninqs Res€rve 0.q) 0.m 0.m 0.00 0.00 0.00 (i) TrustBusirEss 315051(xn000000000 0.00 (ii) Self-insurarrce 0.00 (iii) Contimencies 31 5053000000000000 0.00 (iv) Others 31 50590flD00000000 0.q) (b) Retaimd Earnims Free o_oo '6) Stock Dividend OistriMaue 0.00 '7\ Undivited Profits 3151500000000m000 0.00 ott|er Compr€herBiv€ Incorne 0.00 0.00 0.0 0.00 0_00 0_00 0_m 0.00 (al 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 (i) Debt SecLritils 0.00 (ii) Equity S€crtitkts 32005200000000qp0 0_00 (b) GaiG/{Lcs€s) on Fair Value Adiustmenl of Hedoinq lnstruments 0.00 0_00 0.00 0.00 0.00 0.00 0.00 (D Cash Florv Hedqe 0.q) (ii) H€doe ot a Net lrv€stment in Fofaqn operatlont 3201020000000(xxn0 0.00 Cumulativ€ Foreion Cunenqy Translatirn 320150000(xn000000 0.00 ,) Olhers 0.00 Aopraisal lncrement Reserve 0.00 l0| Trmsw Stock o.00 0.00 I 1) ll Minority Interost in Subsidiaries (for coGolidated report ody) Asirned Caoital - 0_00 folel Eouitv 3m0m0000mm0m0 0.00 0.00 0.00 0.00 0.00 0_00 0.00 0.00 foir! Llabilitlss. llinoritv Inter€t and Equlty 9(xxxxn000o00m0q) 0.00 0.00 0.00 0.00 0.00 0.m 0.(n roent Accounta 0.(n

AI{NEX B Schedule lS lncome Statement Page 1 of1 Pe30 Forelqn Regular FCDU'EFCDU Forslqn Oftlcs! Account Oescrlption Account Code Peso Pe3o Pero Total Accounts InUSt InUS0 nUSt Eoulv. Equlv. 50505000000000mo0 0.00 60510(xrc0000000000 tsrovFDn tor LOsseS on ACCfued hterest Income trom FiErcial Assats 6051smO(xXnXX 0.00 0.oo 0.00 0.00 0.00 0.00 51000000m00m0000 0.00 0.00 0.00 o.m 0.m 5100500000(xn000(x) 0.m 5) Fe€s ard ConmbsiorE Income 0.00 o.00 0.oo 0.00 510101000000000000 (b) IntermediatbnServk;es 510102qrc000000000 0.00 (c, uusloo€nsnD 510103(n000000fino (d) UrderwritirE ard S€clritix Dealerst*p 0.00 I 5101040qn0m00m0 0.00 5 1010{500000000 000 (t ) Securitization Activitbs (g) hcom€ from Fiduciary Activities 5101000000000fin00 0.r 0.00 510109000000000000 0.00 uartrs/(LOSS€S) On Fnanct€ltASSetSand Liabilities Held fc Tradim 51015000(n(xxnxno o.00 Gains(Lo6s€s) on Financial Assets and Liabilities Designated at Fair Value 510200000qD000fi)0 ttrough Profit or Loss 0.00 :8) Foreign Excl€me ProfiU(Loss) 5102500000000m000 0.00 iv,l Gair6(Lo6ses) ftom Sale/RedemptioryDerecognition of NorFTradirB 510300000000000000 0.00 Financial Assets ard Lhbilities l0) GairE(Losses) on Fair Value Adiustment in Hedoe Amol 510350000000000000 1) Gairs/(Losses) from Sale/Derecognition of Non-Financiat Assets 0.00 l1 sl0400000000000000 0.fl) 0 0.00 0.00 0.00 0.00 (a) Bank Pr€mbes, Fumiture, Fixture and Eouioment 510402000000000000 0.00 (b) ROPA 5104030000mm0000 0.00 (d) Other Intaruibles 51040 0.00 000(xnoofl) 0.00 JqxxxxxDoo 0.00 0.00 0.00 0.00 0.00 0.m 0.00 0.00 1 3) Comp€rBatlm/FrirEe B€nefits 610050000000m0000 14) Tares and LicerBes 610100000000000000 15) F€€s and Commbsio.ls ExperF6 0.m 610130(m0000(xn00 6101 5(XXXXXXXXXXm 0.00 610200@@000(xn00 0.00 6102s0000000000000 0.00 0 0.00 0.m 0.00 0.m 0.00 0.00 610251m0000000000 o.m 0.00 6102$(nD00000000 (d) NorFcwrent Assets Hetd for Sate 6102535dXXXn00000 0.00 (e) Goodwill 610254000000000000 0.00 (0 Other IntarEibl€ Agsets 61025900(xxn000000 0.00 610259500qxxmmo 0.00 119) Provbbr6 61030000@0(Xx)0000 0.00 7000000m0000000m 0.00 0.00 0.00 0.00 0.00 0.oo 0.00 700050000000000000 o.c 0.00 22) 0.00 r€r rrgr|I Egtore unate In tne p]ofiu(Loss) ot unconsolidated Subgidiarles, 90500000000@00000 0.00 0.(x) 0.00 0.(x) 0.00 0.00 0.00 0.00 lssoclates and Jolnt Venture3 Accounted for Using the Equlty Msthod Share In the ProfiU(Loss) of Uncorcolidated Subsidiaries. Assoclates ana- 805000000000000000 0.00 0.00 0.00 0.00 0.00 0.00 Jolnt Vontures Accounted for Using the Equity ilethod :23) Share in the Profit/(Loss) of UncorFotidated Subsidiarbs 80505(xDo00m00000 24) Shere in the ftofrU(Lcs'l of Assmiates 60510@00000000000 ooo 25) Share in the Profiu(Loss) of Joint Ventures 805150m0000000000 oo total Proflulo33 Belore Tax and Before illnority Interest 91 0000000000000000 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 615000000mm00000 0.00 fotal Proflulo3r After Tax and Before Minority Interesl 27) Minoriv Interest in ProfiU(Loss) of Subsidiari6 lfd c6Gdti.raf..t rad 91s000(m00000mm 0_00 0.00 0.00 - {et Proflt or Lo3s ^nrv\ 81000000000m00000 - 920 0000qx)0m00000 0.00 0.00 0.00 - 0.00 0.00 o00 n(}n nnn

AI{NEX B Schedule I Page I of I Checks and Other Cash ltems Patticulars Account Code Pe3o Acct3 Forotqn Reoular Forelqn Oftlca3 lso Eduiv INUS$ Perd I ln LJS S Peso Eouiv. Total o{x n ooa o(x n nnr 1 | tGovemment-Phitiooine Postal Comoration 1 051000000001 21 ,lo0 off lo51{)no{)onanlamm n nnr n oo( ooa ont a) lUBs/KBs 1051 00000000141000 o0f er Banks t 051 (x)oflvYY! r drfldn o n 105100000000200000 od o flf n ofl 001 1051000fixloo2rdx)o s 1 05 @000000230000 oo{ n nof 1 00( n nof on( I 05100000000232000 n rOTAI n add n ofr nn 00{ na oo( )ue from PCHC ,r,l::*r:::*t.ted For cu5r@€r arokerius 0.0(

AT{NEX B Schedulo 2 Due from Other Banks Classlfied as to Typ€ of Deposit

AI{NEX B Schedulo 2 Pag.2ot 2 Ouo from Other Banks Classifled as to Type of Deposit

A}INEX B Schedule 3 Flnanclal Assets Held for Tradtng Page 1 of 1 SDecIrl Reaewe BUjr Accart - Sacurl,tl,es Eeld for ths E:.c1usLv€ Beacflt of Curlomers (for gecwLties brokars/d6aLers) 'For details of investment in CLNS, refer to Schedule A of lhe CAR Reoort.

AI{NEX B Schedule 5 Flnancial Assets Designated at Fair Value Through Proflt or Loss Peao Account 3 Bold lor tb6 Erclusl,va Bscllt of Custoa€rs (for a.curltLes blotcr!/dealer6) 'For details of inveslment in CLNS, refer to Schedule A of tho CAR Reoorl

A}INEX B Schedule 6 Page 1 of4 Ayailable-for-Sale Flnanclal Assets H6Id fo! th6 Excluslve Beaefl! of Cu8!@rs ( f ot securlllea brokelr,/dealerE) issued by GOCCS to the extent guaranteed by 'For details of invesgnst in CLNS. refer to Schedulg A of ths CAR Reoort.

AIINEX B Schedule 6 Page 2 ol 4 Available.ior-Sale Flnancial Assets Xeld for tbc Bxclual,ve Boa.lit 0l Cuatorers ( for sccurltLes brokel8/d€al.ra) 'Fd d6tails of invostrnst in CLNS. ctsr to Schedule A of the CAR Remrt

AIINEX B Schedule 6 Avallable-for.Sale Flnanclal Assets BeI<l lorthe BrclusLve BeDefL! of CugtonGrg (for aocuriti€s brokers/dealers) lssmd by GOCCS to the €xtent guarantaed by Tor details of invostnent in CLNS. refs to Schedule A ofthe CAR Rooort.

AI{IIEX B Schedule 6 Avallable'for-Sale Flnanclal Assets D. gpec{al Rere*6 B6k AccoEt - Securlties Held for tbe Excluglv€ Beneflt gf Cuglorelg (tor 6ecurltl,es broke!5/dea1er6) 'For details of investmst in CLNS. refer to Schedule A of the CAR Reoort.

AIINEX B Schedule 7 Held to ltlaturity Flnanclal Assets Soquenc6 Paatlcular A.count Cod€ No. Prs Accounit Total /ll Nrlidal Govmmnl 0.0( Bills . R#il Eddsl 0.0 0.(x (2) LGUS | 25{ 0 Seurltv D. B BSP 0. a?l orhtr 0. NBOBs tt\ | u(xxrll mzi A- Cdtral Gddmducstral Banks 0{xx}2' f2l Ohd 0.0( ndDd .tu TnKr Drdl* D. gDecIaI Redeffe Ba* kcoEt - Securllict Eelq tor Et o.u B@f,1,t of cuslobert (lor 3€curitic, broh.ra/dcalera) r ircued bv GOCCS to the exlsl oueBntead bv the National Gffimst DLPNs 11\ Cimnl./Cimrn^rN. 4661 a2I Olhm tn lrdh B $rldimled R&ined I -i2sm- 1250,0 Cbc<nd.. ld OtuiMl Tem 0.0(

A}INEX B Schedule 7 Held to Maturlty Flnancial Assets Page 2 ol 4 - Secuitl.a H€Id foi tb€ &c1uol.vC Bcaofit of sstoclr (fo! secultlca brox€ro/de6le.s)

A}TNEX B Schedule 7 Held to Maturity Flnanclal Assets spacrar Raacrye B.s &co6t - gccuitle6 Held for tb B6efl,t of &sto[era (fot recrlCils brokels/dea].ers)

AIINEX B Schedule 7 Hold to Maturlty Fananclal Assots

AI{NEX B Schedule 38 Off- Balance Sheet

AI{NEX B Schedule 38 Page2ot2

A}INEX C Schedule BS Balance Sheet Page I of4

emuex c Schedule BS Page 2 ol 4 Balance Sheet

AIINEX C Schedule BS Balance Sheet Page 3 of 4

AI{NEX C Schedule BS Balance Sheet Page 4 of4

A}INEX C Schedule lS lncome Statement Page I of I

AI{NEX C Schedule I Page 1 of I Checks and Other Cash ltems

AI{I\IEX C Schedule 2 Due from Other Banks Page I of 2 Classified as to Type of Deposit

ArIl[EX C Schedule 2 Page zot 2 Due from Other Banks Glassified as to Type of Deposit

AIINEX C Schedule 6 Available-for-Sale Financial Assets 'For details of investment in CLNS, refer to Schedule A of th€ CAR Reoort

A}INEX C Schedule 6 Available-for-Sale Financial Assets Page 2 of 5 D. SD€cl-el Rcserya Euk Accout Sccuritl€s EeId for lhc Excluslva B€ncflh of Cuslamera 'For details of investment in CLNs, refer to Schedule A of the CAR ReDon.

AI{NEX C Schedule 6 Available-for-Sale Financial Assets .For details of investment in CLNS, refer to Schedule A of the CAR Reoort.

AIINEX C Schedule 6 Available-for-Sale Financial Assets Page 4 of 5 'For details of investmert in CLNS. refer to Schedule A of the CAR Reoon

AI{NEX C Schedule 6 Available-for-Sale Flnancial Assets D. Spcclal Resarye Buk Accoqt - Securlt,Iea l|eld for the Exclutiva BaaefLt of Cualomcra 3. Debt Securitires bsu€d by GOCCS to ttp extCnt 'For details of investment in CLNS, refer to Schedule A of the CAR Reoort

ul! HHU o o , tt E o C G E lt I -oo p o I

AIINEX C Schsdule 7 Pag6 2ol 2 Held to Maturity Financial Assots

AI{NEX C Schedule 38 1ot2 Off- Balance Sheet

AI{NEX E Schedute 38 Off- Balance Sheet 2ot 2