Reporting by EKBs, KBs and OBUs Under the Foreign Portfolio Investment Monitoring System

Sanak G nas

OFFICE OF THE GOVERNOR

CIRCULAR-LETTER Series of 2003

To (KBs) and Offshore Banking Units (OBUs) Ali Expanded Commercial Banks (EKBs), Commercial Banks

Re Reporting by EKBs, KBs and OBUs Under the Foreign Portfolio

Investment Monitoring System

International Operations Department (IOD) both electronically thru Lotus Notes (soft investment transactions. all EKBs, KBs and OBUs shall report to the BSP consolidated report formats under the Foreign Portfolio Investment Monitoring Sentral ng Pilipinas (BSP) and to improve the monitoring of foreign portfolic copy) and in hard copy all foreign portfolio investment transactions using the attached System (Annexes 1a, 1b and 1c). In line with the thrust to further simplify bank reports submitted to the Bangko

Portfolio Investment Registration and Outward Remittance Report, supersedes the following existing reports on foreign portfolio investment transactions: The consolidated report, which shall be called the Consolidated Daily Foreign

1. Report on New Issuances of Bangko Sentral Registration Documents

(BSRDs) for Foreign Portfolio Investments:

2. Annex 1 -- Daily Report on Additional FX Inward Remittances Under Existing BSRDs;

3. Annex II -- Weekly Report on Changes in Investments Under Existing BSRDs (Other than those funded by additionai FX inward remittances);

Report on Outstanding Monthty Balances of Foreign Portfolio Investments Registered in behalf of BSP, and

5. Statement of Capital Repatriation and Remittance of Dividends, Profits and Earnings Accruing to Registered Foreign Portfolio Investments.

accomplishing the report: The following are the impiementing guidelines to be observed in

1. Effective 5 May 2003, EKBs, KBs and OBUs shall report using the and in hard copy, foreign portfolio investment transactions within two (2) attached consolidated report formats, both electronically thru Lotus Notes

MAG-IMPOK SA BANGKO

MAYNILA, PILIPINAS 1004 . Tel No. 524-70-[1 trunklinc - URL: www.bsp.gov.ph * e-mail: [email protected]

Format in Annex 3. Should there be a failure in the electronic banking days from transaction date. In accomplishing the report, banks registration of transactions funded by inward remittances of foreign exchange (FX), the soft copy report shall be supported by a soft copy Certificate of Inward Remittance (CIR) Report using the CIR Report transmission system, the soft copy reports shall be submitted in diskette. shall be guided by the Manual of Instructions in Annex 2. In reporting the

2. The hard copy reports shall be accompanied by the required supporting documents prescribed under existing rules for validation/verification

purposes.

3. An officer of the EKB, KB or OBU with the rank of Assistant Vice- President or equivalent rank shall certify the veracity and accaracy of the Ieport.

4. EKBs, KBs and OBUs shall be given two (2) months from start of full implementation to familiarize themselves with the system. After said be subject to appropriate penalties and sanctions prescribed under existing BSP regulations. period, non-submission, delayed, erroneous or incomplete reporting shall

5. BSP-IOD will accept no responsibility for electronic messages/ reports/information that may be hacked or cracked, intercepted, copied or disclosed outside Bsp's information system.

templates and subsequently deploy the revised templates electronically to ail banks. Technology Department (ISTD) shall provide banks with the report templates in MS Excel format both for the CIR Report and the Consolidated Daily Foreign Portfolio Investment Registration and Outward Remittance Report. revisions/enhancements in the system, ISTD shall correspondingly revise the report Prior to system implementation, BSP thru the Information Systems and If there are

herewith. This Circular-Letter repeals or amends all existing BSP issuances inconsistent

MMZ AMANDO M. TETANGCO, JR Officer-In-Charge

23... April 2003

Attachments

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ANNEX2

FOREIGN PORTFOLIO INVESTMENT

MON!TORING SYSTEM

Manual of Instructions

Ar 2003

accomplishing the Consolidated Daily Foreign Portfolio Investment Registration and Outward Remittance Report submitted to the Bangko Sentral ng Pilipinas -- international Operations Department (BSP-iOD) This Manual provides the guidelines for EKBs, KBs and OBUs in

Daily Consolidated Foreign Portfolio Irvestment Registration and Outward Remittance Report

Deadine for Submission to BSP-IOD:

2 3 IOD FORM 1a - initial Registration: IOD FORM 1b - Changes on Existing Registered Investments: IOD FORM 1c - Repatriation: O O 2 banking days from issuance of BSRD 2 banking days from settlement/completion of required documents.

O 2 banking days from remittance date (when FX was actually remitted)

Acronyms:

BSRD CR COP FCY FXTN IPD (PO I MMIS TBIL BSRDLA CoS CP FX GS PCD PSE TBOND BSRD Letter Advice Certificate of Inward Remittance Confirmation of Purchase Commerciat Paper Foreign Currency FX Treasury Notes interim Peso Deposit Initial Public Offering Inward Remittance Philippine Central Depository Treasury Bonds Bangko Sentral Registration Document Confirmation of Sale Foreign Exchange Govemment Securities Money Market Instruments Philippine Stock Exchange Treasury Bills

Contact.Unit for the Report:

Queries about the new reporting format may be addressed to:

Portfotio Investments Division Trade and Investment Flows Group FAX No.: 536-6072 International Operations Department Bangko Sentrat ng Pilipinas Room 301, 5-Storey Bldg. A Tel. Nos.: 523-0510;536-6076;536-6073 Mabini corner P. Ocampo Sts., Manila

Lotus Notes e-mail Address: [email protected]

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Daily Consolidated Foreign Portfolio Investment Registratior and Outward Remittance Report

t. INSTRUCTIONS FOR INDIVIDUAL DATA FIELDS

filled up as follows: The report shall follow the file structure attached hereto. individual fieids sha!l be

Transaction No. The numeric sequentiat order of a transaction. Field value is expressed in six decimal places

Reporting Date

Field format is ccyymmdd (e.g., 03-April-2001 will be indicated as 20010403) The date when report is submitted to BSP-IOD The same format is standard for ali date fields in the report.

Reporting Bank The bank acronym used by the reporting bank for all their transactions with the BSP.

{Refer to reference libraries incorporated in the template}

BSrD No The pre-assigned number of the BSRD covering the investments and under which Fieid format is Annnnnn-bbbb where Annnnnn is the assigned BSRD number of the account and bbbb is the numeric code assigned by the BSP to the bank holding all subsequent transactions shall be recorded the accourt referred to by the BSRD number (e.g., Citibank's BSRD number A007001 wifl be displayed as A007001-0080).

Transaction Code

Classify according to the following transaction codes:

A. Initial Registration

101.0 - inward remittance (IR) of FX. Pertains to the original registration of new accounts funded by an

101.1 - initial public offering (IPO} funded by an inward remittance (IR) of Pertains to the original registration of new accounts arising from FX

102.0 - Pertains to the original registration of new accounts funded by sales proceeds from other investments covered by BSRD/s of another custodian bank.

103.0 - Pertains to the original registration of new accounts funded by cash dividends accruing to other investments covered by BSRD/s of another custodian bank.

104.0 - from an existing BSRD of another custodian bank Pertains to the original registration of new accounts transferred

105.0 - new BSP-prescribed BSRD form. Pertains to consolidation or repiacements of old BSRD/s into the

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Daily Consotidated Foreign Portfotio Investment Registration and Outward Remittance Report

B. Changes on Existing Registered Investments

201.0 - Registration of additionai investments funded by additionai IR of FX

202.0 - from other investments covered by BSRD/s (switch transaction). Registration of additional investments funded by saies proceeds

203.0 - Registration of additional investments funded by cash dividends accruing to investments covered by BSRD/s.

204.0 - Registration of additionat investments funded by interim peso deposits.

205.0 Registration of stock dividends accruing on investments covered by BSRD/s.

206.0 - Registration of intemal transfers of investments frorm one BSRD to another BSRD within a custodian bank. 207.0 - Registration of transfers of investments (partial or futl) from an existing BSRD of another custodian bank.

208.0 - Registration of stock rights funded by !R. 208.1 - Registration of stock rights funded by sales proceeds. 208.2 - Registration of stock rights funded by cash dividends. 208.3 - Registration of stock rights funded by interim peso deposits. 209.0 - Registration of stock splits. 210.0 Registration of reverse stock splits. 211.0 instrumernts. Registration of interim peso deposits funded by sales proceeds of PsE listed securities and other investments in government securities, 90-day peso time deposits and money market

212.0 Registration of IPDs funded by cash dividends and interest income on registered peso deposits. 213.0 - Registration of stock warrants (entitled bonus warrants). 213.1 - Registration of stock warrants funded by tR. 213.2 - Registration of stock warrants funded by sales proceeds 213.3 - Registration of stock warrants funded by cash dividends. 213.4 - Registration of stock warrants funded by interim peso deposits.

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Daily Consolidated Foreign Portfolio Investment Registration and Outward Remittance Report

C. Repatriation

301.0 - Outward remittance of interim peso deposit/s.

302.0 - Outward remittance of sales proceeds.

303.0 - Outward remittance of cash dividend/s.

304.0 - Outward remittance of peso proceeds of time deposit/s.

305.0 - Outward remittance of peso proceeds of government securitylies

306.0 - Outward remittance of peso proceeds of money market instrument/s.

310.0 Outward remittance of sales proceeds of investments made prior to March 15, 1973.

D. Decrease Transactions

401.1 - Pertains to the sale transaction of a security refiected in the reporting/registering custodian bank. decrease column covered by BSRD/s issued by the

NOTE: if the custodian bank which issued the BSRDLA is also the remitting bank which repatriated the sales proceeds, the said remitting bank should notify IOD-P!D immediately for the adjustment of entries.

401.2 - Pertains to the sale transaction of a security reflected in the decrease column by the receiver of the BSRDLA.

402.1 - Pertains to the transfer of shares or the value of GS from one bank refiected in the decrease column. account to another under the custody of the reporting custodian

402.2 - Pertains to the transfer of shares or the value of the GS from another custodian bank reflected in the decrease column by the receiver of the BSRDLA.

402.3 - Pertains to consolidatior or replacements of oid BSRD/s into BSP prescribed BSRD form reflected in the decrease colurnn.

403.1 - cash dividend shall be reflected in the decrease column for monitoring/verification purposes only. BSRD/s which funded the additional increase in investments. Said Pertains to the cash dividend accruing to inivestments covered with

403.2 - in the decrease column by the receiver of the BSRDLA. Pertains to the cash dividend that funded the transaction reflected

404.1 - Pertains to the interim peso deposit/peso proceeds of time deposit/s / government security/ies I money market instrument/s covered by BSRD/s issued by the reporting/registering custodian bank which funded the transaction refiected in the decrease column

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the remitting bank which repatriated the sates proceeds, the said remitting bank shouid notify iOD-PID immediately for the NOTE: If the custodian bank which issued the BSRDLA is aiso adjustment of entries

404.2 Pertains to the interim peso deposit that funded the transaction reflected in the decrease cofumn by the feceiver of the BSRDLA. 405.0 Pertains to the reduction of the corresponding number of shares in the decrease column as a resuft of the corporate action event.

406.0 Pertains to the outstanding shares entitled to a bonus warrant (for monitoring/verification purposes only).

Country Code / Country Where Remitted For Outward Remittances: The country code to where the funds were remitted. Refer to reference libraries incorporated in the template. For Registrations: The country code of the investor

Investment iD The afpha code/stock symboi of the security assigned by the Philippine Stock Exchange (PSE) which will be the only acceptabfe standard. Use standard market codes for fixed income private securities (e.g., CP + PSE Stock Symboi of the Security -- CP-AL!). For govemment securities, use applicable codes like FXTN, TBOND. For 90-day peso bank time deposits, use TD and tPD for interim peso deposits. TBIL

Settlement Date / Record Date The settiement date of the securities transaction, whether purchase or sale and for transfer, use the date of receipt of tetter advice In the case of corporate action events (e.g., Cash Dividend, Stock Dividend, Stock Rights, etc.), use the record date of the event. determines the number of shares (Column 16) entitled to participate in or avail of the corporate action event. The record date of the event

CiR No. Fieid format is CCYY-NNNNN-BBBB where The bank assigned number of the CIR covering the FX inward remittance. 0 NNNNN -- is the series number of the CIR BBBB -- is the BSP assigned numeric bank code CCYY -- is the year the CiR is issued

Telegraphic Transfer Reference Number Length should not exceed 50 characters Contains the bank's unique reference number when the FX remittance occurred.

Conversion Date / Actual Remittance Date foreign currency to locat currency was executed Actual Remittance Date : The remittance date of an outward FX transaction. Conversion Date of an inward remittance: The actual date when conversion ot

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Daily Consolidated Foreign Portfolio Investment Registration and Outward Remittance Report

Foreign Currency Symbol Refer to reference libraries incorporated in the template. For registrations: The accepted currency code of the converted foreign currency that was used to purchase the securities. purchased by the investor/s for repatriation/remittance of earmings For rermittances: The accepted currency code of the foreigr currency that was

Amourt - Foreign Currency For registrations: The actual foreign currency amount that was converted to peso for the purpose of purchasing iocal securities. For remittances: The amount of foreign currency purchased by the investor/s for repatriation/remittance of earnings.

Amount - US $ Equivalent The actual us$ amount of the peso proceeds used to purchase the local securities. eamings rermitted outward. If FCY is other than US$, the US$ equivalent of the FCY is dorived by dividing the FCY's peso proceeds by the BSP reference rate on settlement date. The actual Us$ amount purchased against net peso proceeds of the divestments/

Converting Bank for investment in Phitippine securities. (Refer to Annex 1 for valid bank acronyms). The bank acronym used by the iocal bank that converted the FX inward remittance

This fieid is used for registration purposes only

FX Rate For Registration: The exchange rate used by the corverting bank for conversion of For Remittance: The exchange rate used to convert pesos to Fx. Fx to pesos.

Dividend Rate / Split Ratio Used Dividend Rate 3 Applies to both cash and stock dividend transactions This is the rate announced by the company issuing the dividend.

The rate is expressed as the decimal form of the dividend rate (e.g., for stock dividends: 25% is expressed as 0.250000 and 100% is expressed as 0.250000) 1.000000; for cash dividends: Php0.25 per share is expressed as

Split Ratio ( Applies to both stock splits and reverse stock splits. This is the rate announced by the issuing company. expressed as 1.500000; a 1:0.25 reverse sptit is expressed as 0.250000). The rate is expressed as the decimal form of the split ratio, with the mother shares as the base (e.g., 1:2 split is expressed as 2.000000; a 1:1.5 split is

Field value is expressed in six decimal places.

No. of Mother Shares The outstanding balance of the shares on record date that is entitled to a corporate action event (Cash Dividend, Stock Dividend, Stock Split, etc).

Note: The ex-date is used as the reckoning date for entitiement computation. The seiler is entitled to the dividend if the shares are sold on or before the ex-date.

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Increase -- No. of Shares / Face Value For Non-Corporate Action Registrations: O The corresponding number of shares of a particular security that investor additionally acquired. the

For Corporate Action Registrations: Stock Dividends: The additional number of shares eamed by the investors' portfolio as a result of the stock dividends.

outstanding sharehoidings Stock Warrants: The number of stock warrants given as a bonus to stockholders based on

For Stock Splits: For Reverse Stock Splits: O O The new balance of the security in the investor/s' portfolio as a result of the The new balance of the security in the investor/s' portfotio as a result of the event which is derived by muitiplying the rate in Column 15 with the no. of mother shares in Column 16 of iOD-PID Form 1b.

Face Value O The amount of GS/MMIs acquired. mother shares in Column 16 of iOD-PID Form 1b. event which is derived by multiplying the rate in Column 15 with the no. of

Increase -- Peso Proceeds For registrations funded by iR, sale of security/ies and cash dividend: For Interim Peso Deposit (IPD) Registrations: The amount paid for by the investor/s to acquire the securities. The amount transferred/credited to the IPD account from sales proceeds accruing to registered investments. (While awaiting repatriation, sales proceeds of duly registered investments may be placed in tPD). This type of registration requires a corresponding entry in the Decrease -- Peso Proceeds (Column 18) column to indicate a conversion of proceeds to tPD.

Decrease -- No. of Shares / Face Value The number of mother shares/base shares which will be zeroed-out as a result of a The number of shares that have been soid by the investor/s or transferred out. The maturity/pre-terminated value of the GS/MMIs sold or repatriated. stock sptit

Decrease -- Peso Proceeds Proceeds from sale of securities which funded the switch transaction/s. Net cash dividends which funded the additional investments. Interim Peso Deposits -- The amount of IPD utilized to purchase additionai For outward remittances --- The net peso proceeds from sale of investment/s for repatriation or dividend income (net of applicabie taxes) converted to foreign investment/s, transferred to another account within a bank or to another custodian currency for remittance. bank.

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Daily Consolidated Foreign Portfolio Investment Registration and Outward Remittance Report

II. DOCUMENTATION AND REGISTRATION PROCEDURE

A.Initial Registration (IOD Form 1a)

1. Investments funded by.an Inward Remittance (Trans.Codes 101.0_and 101.1)

a. Documentary Requirements: 1) CfR 3) 2} New pre-numbered BSRD Form Purchase invoice

b. Process: 2 } 3} A Obtain / Issue CIR as proof of funding of investments Obtain purchase/buy invoice Accomplish new BSRD form. Fill up columns for transaction no., 3, 4, 5, 6, 7, 8, 9, 10, 11, 13, 14, 15, 17. 18 and 12 if other than US dollar.

In the sampie, this is illustrated in transaction numbers 1.00 and 6.00 transaction code 101.0 (new account/ctient) and transaction number 7.00 for transaction code 101.1 (iP0). fo

2.Investments funded by Sales Pmceeds (Trans. Codes 102.0)

a Documentary Requirements: 1) Sales invoice/s as proof of sale 4) New pre-numbored BSRD Form 2} 3 Purchase invoice Original BSRD if fully soid/utilized or applicable BSRDLA if the registering custodian bank is different from the custodian which sold the security/ies

b. Process: 1) issue/Obtain applicable BSRDLA covering soid securities funding the 2 3} 4} 5} Obtain sales invoice. Fill up two consecutive lines in the report. The first tine contains details Obtain purchase invoice. Accomplish new BSRD form. investments for account of new investor/s

source BSRD/s covering the securities sold which funded the purchase of the new investment (columns 3, 4, 6, 7, 20 and 21). coresponding to the new invostment (columns transaction no., 3, 4, 5, 6, 7, 18 and 19} The second line contains the details of the decrease of the

proceeds (DECREASE - Column 20) equals the purchase amount (INCREASE - second tine for each sale transaction as needed to show that total sales peso Column 18). if multipie sales proceeds fund the purchase transaction, then, replicate the

In the sample, this is illustrated in transaction numbers 2.00 and 2.01

NOTE: Custodian banks which issued the BSRDLA/s should submit their own reports indicating, among others, in the decrease column the detaits of the utilized BSRD/s

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Daily Consolidated Foreign Portfolio Investntent Registration and Outward Remittance Report

3.Investments Funded By Dividend income (Trans. Code 103.0)

a. Documentary Requirements: 5) 2 3 4 1 New pre-numbered BSRD Form Purchase invoice Cash Dividend Voucher or duly signed copies of the PCD print-out for cash dividend entitlerment and breakdown/iedger of the cash dividend received Copy of the PSE Circular announcing the cash dividend Cash Dividend BSRDLA (if applicable)

b Process: T Issue/Obtain cash dividend applicable BSRDLA and cash dividend PCD

2 3} 4 Fill up two consecutive lines in the report. The first line contains details came from which funded the new transaction (columns transaction no., 3, 4, 6, 7, 16, 17 and 21). Accompfish new BSRD form corresponding to the new investment (columns transaction no., 3, 4, 5, 6, 7. 18, and 19). The second line contains the details where the cash dividend/s print-out and breakdown/ledger Obtain purchase invoice.

In the sample, this is illustrated in transaction numbers 4.00 and 4.01. If multiple cash dividend proceeds fund the purchase transaction, then, replicate the second tine for each cash dividend as needed to show that the total cash dividend proceeds equal the purchase amount.

NOTE: Custodian banks which issued the BSRDLA/s should submit their own details of the utilized BSRD/s reports indicating, among others, in the decrease cotumn the

4 Registration_.of..Transfers..(.Trans...Codes_.104.._.and..105.0. -- This when hoidings/shares are transferred from one account to another between custodians. : may occur

2 Documentary Requirements: 2 3 New pre-numbered BSRD Form BSRDLA/s from the account where the shares/holdings originated Original BSRD if fuily transferred/replaced or applicable BSRDLA from the custodian which transferred the security/ies

b Process: 2 3} } Obtain BSRDLA/s from the account where the hoidings originated Accomplish new BSRD form Reporting entries:

D 104.0 105.0 - consolidation/replacements of oid BSRDs original registration of new accounts transferred from existing BSRD of another custodian. an

show the transfer of holdings from an old account to a new account. Fill up two consecutive lines in the report. The first line contains detaiis corresponding to the new account and the new investment (columns transaction no., 3, 4, 5, 6, 7 and 18). The second ine contains the details where the holdings/shares came from and the hoidings that decreased (columns transaction no., 3, 4, 6, 7 and 20). The report will

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In the sample, this is illustrated in the following transactions:

Transaction No. Transaction Code

5.00 and 5.01 3.00 and 3.01 104.0 105.0

NOTE: Custodian banks which issued the BSRDLA/s should submit their own the utilized BSRD/s. reports indicating, among others, in the decrease column the details of

B. Changes on Existing Registered Investments (IOD-PID Form 1b)

1 Additional investments funded by an inward remittance_of FX (Trans. Code 201.0)

a. Documentary Requirements: 1) CIR 2) Purchase invoice

b Process 1) Obtain / Issue CIR as proof of funding of investments 2} 3} Obtain purchase/buy invoice Fill up columns transaction no., 3, 4, 5, 6, 7, 8, 9, 10, 12, 13, 14, 17, 18 and 11 if other than US dollar.

in the sample, this is ilustrated in transaction numbers 1.00, 2.00, 3.00 and 4.00.

2. Additional investments funded by sales proceeds (Trans. Code 202.0)

a Documentary Requirements: M} 3 2) Sales invoice/s as proof of sale Original BSRD if fuily sold/utilized or applicabie BSRDLA if the registering Purchase invoice custodian bank is different from the custodian which sold the security/ies

b. Process: 1} 2} 3} Obtain purchase invoice. Obtain sales invoice Fill up two consecutive lines in the report. The first line contains details no., 3, 4, 5, 6, 17 and 18). decrease of the source BSRD covering the securities sold which funded the purchase of additional investments (columns transaction no., 3, 4, 5, 6, 19 coresponding to the additional purchase/invesiments (cofumns transaction and 20) The second fine contains the details of the

proceeds (DECREASE) equals the purchase amount (iNCREASE). If multipie sales proceeds fund the purchase transaction then, replicate the second ine for each sale transaction as needed to show that total sales peso

In the sample, this is iliustrated in transaction numbers 5.00 to 5.06.

NOTE: Custodian banks which issued the BSRDLA/s should submit their own reports indicating, among others. in the decrease column the details of the utilized BSRD/s.

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Daily Consolidated Foreign Portfolio Investment Registration and Outward Remittance Report

3.Additionai investments funded by.dividend income (Trans..Code.203.0)

a Documentary Requirements:

2 3} 4 P} Cash Dividend BSRDLA (if applicabte) Copy of the PSE Circular announcing the cash dividend Cash Dividend Voucher or duly signed copies of the PCD print-out for cash dividend entitlement and breakdown/ledger of the cash dividend received Purchase invoice

6 Process

1) Issue/Obtain cash dividend appticable BSRDLA and cash dividend PCD 2 3 Fil up two consecutive lines on the report. Obtain purchase invoice information of the additionat purchase/investments (colurmns transaction no. 3, 4, 5, 6, 17, and 18. The second line contains the details where the cash dividend/s came from which funded the additionai transaction (columns transaction no., 3, 4, 5, 6, 15, 16 and 20). print-out and breakdownfledger. The first line contains

In the sample, this is illustrated in transaction numbers 7.00 and 7.01.

if multiple cash dividend proceeds fund the purchase transaction then, replicate the second tine for each cash dividend as needed to show that the total cash dividend proceeds equaf the purchase amount.

NOTE: Custodian banks which issued the BSRDLA/s should submit their own reports indicating, among others, in the decrease column the details of the utilized BSRD/s

4. Investments in Securities Funded by IPD (Trans. Code 204.0)

a Documentary Requirements: 3)Dufy signed IPD iedger showing credit/debit entries and outstanding batance 1)iPD BSRDLA/s(if applicable} 2} Purchase invoice

b Process:

1)Issue / Obtain applicable IPD BSRDLA/s. 2 3} Fill up two consecutive lines on the report.The first line contains detaits Obtain purchase invoice no., 3, 4, 5, 6, 17 and 18). The second line contains the details of the IPD corresponding to the additional purchase/investments (cotumns transaction that funded the additional purchase/investments (columns transaction no., 3. 4, 5, 6, and 20).

In the sample, this is illustrated in transaction numbers 8.00 and 8.01.

If multiple IPD proceeds fund the purchase transaction then, replicate second line for each IPD as needed te show that the total IPD proceeds equal the purchase amount.

NOTE: Custodian banks which issued the BSRDLA/s should submit their own reports indicating, among others, in the decrease cofumn the details of the utilized BSRD/s.

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Daily Consolidated Foreign Portfolio investment Registration and Outward Remittance Report

5 Registration of Stock Dividends. (Trans. Code 205.0)

a Documentary Requirement: dividends 1 PSE Notice (Circular for Brokers) announcing the issuance of stock

b. 2) Fill up columns transaction no., 3, 4, 5, 6, 15, 16 and 17 Process: H} Compute for the entitied stock dividend of the client.

In the sample, this is illustrated in transaction numbers 9.00 and 10.00.

6. Reaistration_.of._Transfers (Trans..Codes_.206.0 and_.207.0). This may occur when hoidings/shares are transferred from one account to another within the same custodian or between custodians.

a Documentary Requirements: 2} } Original BSRD if fulty transferred or applicable BSRD Letter Advice which transferred the security BSRDLA/s from the account where the shares/hoidings originated (BSRDLA) if the registering custodian bank is different from the custodian

b. Process 1} Obtain BSRDLA/s from the account where the holdings originated

2) Reporting entries:

0 O 207.0 - transfers of existing BSRD (partial or ful) issued by Fill up two consecutive lines in the report. The first line contains details transfer of holdings from an old account to a new account. transaction no., 3, 4, 5, 6, and 17). The second line contains the details where the hoidings/shares came from and the holdings that decreased (columns transaction no., 3, 4, 5, 6 and 19). The report will show the 206.0 corresponding to the new account and the investment - internal transfers of investments within a custodian custodian (columns another

In the sample, this is illustrated in the following transactions:

Transaction No. Transaction Code 11.00 and 11.01 12.00 and 12.01 206.0 207.0 NOTE: Custodian banks which issued the BSRDLA/s should submit their own reports indicating, among others, in the decrease column the details of the utilized BSRD/s

7.Registration of Stock Rights (Trans. Codes 208.0 to.208.3)

a Documentary Requirements: 1) Photocopy of subscription agreement or duly signed PCD print-out for stock 2} PSE notice of stock rights offering rights and breakdown of entitlement.

3 4 Payment invoice or officiat receipt Source of funding documents (CiR, Sales Proceeds, Dividend Income, IPD) or any combination).

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Daily Consolidated Foreign Portfolio Investinent Registration and Outward Remittance Report

b Process: 2} 1 Follow the same procedure in Part II of Documentation and Registration Procedure, B. Changes on Existing Registered Investments. O Reportina entries. O O O 208.2 - funded by cash dividends: Fill up two consecutive lines on the 208.3 -- funded by IPD: Fill up two consecutive tlines on the report. first line contains details corresponding to the investment (columns transaction no., 3, 4, 5, 6, 17 and 18). 208.0 -- funded by IR: Fill up columns transaction no., 3, 4, 5, 6, 7, 8, 9, report. The first line contains details corresponding to the new purchase securities sold which funded the purchase of investments (columns report. The first line contains information of the new purchase (columns transaction no., 3, 4, 5, 6, 17, and 18. The second line contains the transaction (coiumns transaction no., 3, 4, 5, 6, 15, 16 and 20). details of the IPD that funded the purchase (columns transaction no., 3, 4, 5, 6, 15, 16 and 20). 10, 12, 13, 14, 15, 16, 17, 18 and 11 if other than US dollar. 208.1 --- funded by sales proceeds: Fill up two consecutive lines in the contains the details of the decrease of the source BSRD covering the transaction no., 3, 4, 5, 6, 15, 16, 19 and 20) {columns transaction no., 3, 4, 5, 6, 17 and 18) details where the cash dividend/s came from which funded the new The second line contains the The second line .The

In the sample, the above is illustrated in the foliowing transactions:

Transaction No. Transaction Code Source of Funding

21.00 and 21.01 15.00 and 15.01 14.00 and 14.01 13.00 208.0 208.1 208.2 208.3 Inward Rernittance Sales Proceeds Cash Dividends (PD

8 Registration of Stock Splits (Trans. Code.209.0) Reverse Stock Splits (Trans. Code.210.0)

a Documentary Requtrement: 1) PSE Notice (Circular for Brokers) announcing the issuance of stock splits/reverse stock splits.

b. Process 1) Fill up two consecutive lines in the report. The first line gives the particulars and 17). The second line gives the particulars of the account to be zeroed out (columns 2, 3, 5, 6, and 19). of the account after the event (columns transaction no., 3, 4, 5, 6, 15, 16

In the sampie, the above is illustrated in transaction numbers 16.00 and 16.01 for stock spits and 17.00 and 17.01 for reverse stock splits.

9 Registration.of Interim Peso Deposits (IPD)

a. Documentary Requirements: } } PSE Notice/ Cash Dividend Voucher or duly signed copies of the PCD print- Sales Invoice out for cash dividend entitlement and breakdown/ledger of the cash dividend received

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Daily Consolidated Foreign Portfolio Investment Registration and Outward Remittance Report

3) Duly signed IPD iedger

b. Process. KY To register IPDs funded by saies proceeds, the registration procedure is first line. The first line contains the details corresponding to the registered transaction code of the first line is 211.0 and column 5 is aiways tPD on the IPDs (columns transaction no., 3, 4, 5, 6, and 18) while the second tine contains the source of the switch transaction (coiumn transaction no., 3, 4, 5, 6, 19 and 20) and for cash dividends, columns transaction no., 3, 4, 5, 6, similar to Part i1 of the Documentation and Registration Procedure, B. Changes on Existing Registered Investments with the exemption of CiRs, as they cannot be registered as IPDs. 15, 16, 19 and 20 The only difference is that the

2) To register iPDs from interest income of registered peso deposits and cash 6, and 18. For cash dividends funding, columns transaction no., 3, 4, 5, 6, the interest income or credit advice from the bank where the account was period. Onty one line is needed, filting up columns transaction no., 3, 4, 5 dividends (Trans. Code 212.0), the required document is a certification on held regarding the interest credited to the investor/s' account. (indicating the principai and interest earned net of tax) for the particular 15, 16, 19 and 20. Moreover, column 17 is never filled-up on the first line. certification or credit advice should contain the detailed computation This

In the sample, the above is illustrated in the following transactions:

Transaction NO. Transaction Code Source of Funding

18.00 and 18.01 19.00 and 19.01 6.00 to 6.02 211.0 212.0 212.0 Sales Proceeds Cash Dividends interest Income

investments in iPD only if maintained on a per individual/investor basis corsistent with the one-BSRD-per investor ruie. NOTE: Sales proceeds placed in peso deposit account shall be considered

O. Registration.of_ Stock Warrants

a Documentary Requirement:

1) PSE Notice (Circular for Brokers) announcing the issuance of stock warrants.

b Process:

3) 1 Compute for the entitled bonus warrants of the client. Fill up two consecutive lines in the report. The frst line contains details Foilow the same procedure in Part Il of Documentation and Registration by iR -- 213.1, funded by sales proceeds -- 213.2, funded by cash dividends line contains the details of stock warrants entitlement. Procedure of B. 'Changes on Existing Registered Investments. applicable transaction codes for registration of stock warrants, e.g., funded corresponding to the additional investments in stock warrants. The second -- 213.3, and funded by iPD -- 213.4 Use

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Daily Consolidated Foreign Portfolio Investment Reg istration and Ouiward Remittance Report

In the sampie, this is illustrated in the following transactions:

Transaction No. Transaction Code Source of Eunding

20.00 and 20.01 23.00 and 23.01 24.00 and 24.01 25.00 and 25.01 22.00 243.0 213.1 213.2 213.3 213.4 Inward Remittance Cash Dividends Sales Proceeds Bonus (Free} PD

C. Repatriation (IOD-PiD Form 1c)

Repatriation of iPD (Trans...Code 301.0)

a. Documentary Requirements: 1) Debit merno of the amount to be repatriated or duly signed IPD ledger 2) BSRDLA,if applicable

b. Process: Fill up columns Transaction No., 3, 4, 5, 6, 7, 8, 9, 11, 12, 16, and 10 if other than uS doilar. In the sampfe, the above is illustrated in transaction number 3.00

2 Repatriation of Sales Proceeds (Trans. Code 302.0)

a. Documentary Requirements:

1) Applicabie BSRDLA/s of the shares sola 2} 3} Sales invoice/s for listed shares For government securities - cOPs (confirmation of purchase -- for fixed income) pertaining to the sale transaction/s

b Process: Fill up columns Transaction No., 3, 4, 5, 6, 7, 8, 9, 11, 12, 15, 16 and 10 if other that uS dollar.

in the sample, the above is illustrated in lines transaction numbers 1.00 and 4.00 3.Repatriation of Cash Dividends.(Trans. Code 303.0)

a. Documentary Requirements:

1) PSE Notice (Circular for Brokers) or announcement from the issuing 2) Cash Dividend Voucher or duly signed copies of the PCD print-out for cash dividend entitlement and breakdown/ledger of the cash dividend cormpany

b Process: Fill up columns Transaction No., 3, 4, 5, 6, 7, 8, 9, 11, 12, 13, 14, 16 and 10 if other than US doliar.

In the sample, the above is illustrated in transaction numbers 2.00 and 5.00.

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Daily Consolidated Foreign Portfolio Investment Registration and Outward Remittance Report

4 Repatriation of Peso Proceeds of Matured 90--day Peso Time Deposits (Trans. Code 304.0

a Documentary Requirements: 2) Cancelled Certificate of Peso Time Deposit/s M) Applicable BSRDLA/s

b.Process: Fill up columns Transaction No., 3, 4, 5, 6, 7, 8, 9, 11, 12, 16 and 12 if other than US dollar.

In the sample, the above is illustrated in transaction number 6.00

5. Repatriation of Peso Proceeds. of Government Securitias (Trans. Code 305.0)

a Documentary Requirements: 2) Confirmatior: of Purchase 1) App{icable BSRDLA/s

b Process: Fill up columns Transaction No., 3, 4, 5, 6, 7, 8, 9, 11, 12, 15, 16, and 10 if other than uS dollar.

In the sample, the above is illustrated in transaction number 7.0o.

6. Repatriation of Peso Proceeds of Money Market instruments.(Trans..Code 306)

a. Documentary Requirements: 2) Applicable BSRDLA/s 1) Matured/Pre-terminated Certificate of investments in Money Market Instruments

b. Process:. Fill up coiumns Transaction No., 3, 4, 5, 6, 7, 8, 9, 11, 12, 15, 16 and 10 if other than US doltar.

In the sample, the above is illustrated in transaction number 8.00

T Repatriation._.of_.Saies..Proceeds_of...Investments..Made..Prior..to..March..15...1973

(Trans. Code 310.0)

a. Documentary Requirements:

2) Sales (nvoice/s of listed shares 1 Sworn certification of the stock transfer agent that the investments were made prior to March 15, 1973

b Process: Fill up columns Transaction No., 3, 4, 5, 6, 7, 8, 9, 11, 12, 15, 16 and 10 if other that US dollar.

tn the sample, the above is iliustrated in tine transaction number 9.oo.

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Guide/Instuctions for Fitling Up CiR Report Template

File Description: File Name: Daily Utitization of Certificate of inward Remittance(CIR) CiR Termplate

Field Name Definition

Reporting Date The format is CCYY/MM/DD, not iater than the current date.

Reporting Bank BSP-assigned short name. Refer to the bank library worksheet

C!RNO REMCTRY BENECTRY REMBNK REMITTER BENEFICIARY Beneficiary's Country. (Refer to Country Lib worksheet) CCYY-NNNNN-BBBB where: Remitter's Name Remitter's Country (Refer to Country Lib worksheet) Name of the Remitting Bank For New CIR Format : Contains the bank's unique CiR number with format For Oid Format: Use the assigned CiR number. Name of the Beneficiary NNNNN is the series number of the CIR. CCYY is the year the CIR issued. BB8B is the bankcode

REMDATE CURRENCY UTPESO Tit ref. no. DATE FXRATE BGCURR UTCURR CONVBANK BGPESO Length should not exceed 50 alphanumeric characters Specifies the FX amount received Name of the Converting Bank (Refer to Bank Lib worksheet) Specifies the net peso proceeds utilized. Contains the bank's unique telegraphic reference number. Remittance Date The format is CCYYMMDD (e.g. 20021030) Original Currency. (Refer to Curtency Lib worksheet) Specifies the FX amount utilized. Conversion Date The format is CCYYMMDD.(e.g. 20021030) Conversion.Rate Specifies the net peso proceeds of fx amount converted.

CIR NO If Other Than The Converting Bank TIt ReF no CCYY-NNNNN-BBBB Contains the bank's unique telegraphic reference number.

US$Equivalent jUS$ equivalent if other than US$ amount Length should not exceed 50 alphanumeric characters

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