To approve the guidelines for the recognition of positions arising from banks' foreign currency (FX) options in the computation of the net open foreign exchange position

Annex “A” Please check appropriate box: Deadline: Within 3 banking days For market makers from reference date For non- market makers Submission: SED I/SED II/SED III NAME OF BANK Consolidated Foreign Exchange Position Report As of _________________ (Amount in Thousand US Dollars) 1/ Bank Forex Subsidiaries/Affiliates Subsidiaries Phils Abroad Sub- Total and/or Affiliates1/ Phils Abroad Sub- Total Total Foreign Exchange Assets Monetary Assets Non- Monetary Assets Add: Contingent Accounts Spot Purchases Forward Purchases Total Foreign Exchange Assets Foreign Exchange Liabilities Monetary Liabilities Non- Monetary Liabilities Add: Contingent Accounts Spot Sales Forward Sales Total Foreign Exchange Liabilities Net Foreign Exchange Position Add: DLPN Subject to FX Position Limit in US$ 2/ 3/ Add/Subtract: Options Position Adjusted Net FX Position Unimpaired Capital in US$ 4/ Ratio of Net FX Position to Unimpaired Capital a) Unadjusted b) Adjusted 1/ Per attached list Certified Correct: 2/ For market makers, refer to Annex A for details For non-market makers, refer to Annex B for details Signature of Authorized Officer Over 3/ Refer to Annexes C and C-1 for details Printed Name 4/ Converted in accordance with Circular Letter dated 31 March 1992 Designation

Annex B Annex C For Universal and Commercial Banks with Expanded Derivatives Authority (Name of Bank) Summary of Delta-Weighted Positions of Foreign Currency Options per Currency As of ______________________ USD Equiv USD JPY CHF GBP EUR CAD AUD SGD of Other TOTAL Currencies A. Long Delta- Weighted Position Long calls Short puts Total B. Short Delta- Weighted Position Short calls Long puts Total C. Net Delta-Weighted Position D. USD Equivalent of Item C

Annex C Annex C For Universal and Commercial Banks Without Expanded Derivatives Authority (Name of Bank) Summary of Notional Amounts of Foreign Currency Options per Currency (For Purchased In- or At-the-Money Options only) As of ______________________ USD Equiv USD JPY CHF GBP EUR CAD AUD SGD of Other TOTAL Currencies A. Long calls B. Long puts C. Net Position from Options Purchased D. USD Equivalent of Item C

Annex B.1 Annex C-1 For Universal and Commercial Banks with Expanded Derivatives Authority (Name of Bank) Foreign Currency Options Purchased/Sold Outstanding As of ____________________ Date Underlying Option Purchased/Sold Expiry Counterparty Currency Strike Price Notional Delta Please list all contracts under the appropriate headings. OPTIONS PURCHASED a. Call Options 1. FCDU Books 2. Regular Books b. Put Options 1. FCDU Books 2. Regular Books OPTIONS SOLD a. Call Options 1. FCDU Books 2. Regular Books b. Put Options 1. FCDU Books 2. Regular Books

Annex C.1 Annex C-1 For Universal and Commercial Banks Without Expanded Derivatives Authority (Name of Bank) Foreign Currency Options Purchased Outstanding As of ____________________ Date Underlying Purchased Expiry Counterparty Currency Strike Price Notional Spot Rate Please list all contracts under the appropriate headings. a. Call Options 1. FCDU Books 2. Regular Books b. Put Options 1. FCDU Books 2. Regular Books