RBAP

MEMORANDUM Series of 2005 TO : All Banks Please be informed that the submission and parallel testing of Subsidiary Ledgers (SL) under the SL Reporting System for all banks is hereby temporarily suspended. The SL Reporting System was previously implemented through the issuance of the Memorandum to All Commercial Banks dated 26 January 2004, Memorandum …

BSP Memorandum dated June 8, 2005: Suspension of the SL Reporting System Read More »

CIRCULAR-LETTER To : ALL BANKING INSTITUTIONS Pursuant to Memorandum Order No. 173 dated 24 May 2005 issued by the Office of the President, enjoining all branches of government to participate actively in the celebration of the 107th Anniversary of Philippine Independence and to enlist the participation of private sector groups and non-government organizations, all banking …

BSP Circular Letter dated 31 May 2005 Read More »

An Act Amending the National Internal Revenue Code as Amended and for other Purposes TITLE IV VALUE- ADDED TAX CHAPTER I – IMPOSITION OF TAX Section 105. Persons Liable. – Any person who, in the course of trade or business, sells barters, exchanges, leases goods or properties, renders services, and any person who imports goods …

Republic Act No. 8424 (Tax Reform Act of 1997) Read More »

MEMORANDUM Series of 2005 TO : All Banks Subject : Exposure Draft of Basel 2 Implementing Guidelines for the Philippines All banks are invited to comment on the exposure draft of Basel 2 Implementing Guidelines for the Philippines, a copy of which is posted at the BSP Website (http://www.bsp.gov.ph) Comment period is until end-September 2005. …

BSP Memorandum dated 19 April 2005: Exposure Draft of Basel 2 Implementing Guidelines for the Phils. Read More »

MEMORANDUM Series of 2005 TO : All Banks With regard to the implementation of Circular No. 475 dated 14 February 2005, the following clarifications are hereby issued: Treatment of non-performing secured loans. Non-performing loans, which are secured by eligible collaterals or guaranteed by eligible guarantors, shall be assigned the risk weight of the collateral or …

BSP Memorandum dated 14 April 2005: Implementation of Circular No. 475 dated 14 February 2005 Read More »

CIRCULAR LETTER Series of 2005 TO : All Banking Institutions To create the highest level of public awareness to the importance of credit and ensure the nationwide observance of Credit Consciousness Week (April 24 to 30), all banking institutions and their branches are enjoined to undertake during the said week, supportive publicity and promotional activities …

BSP Circular Letter dated 14 April 2005: Credit Consciousness Week (April 24 to 30) Read More »

CIRCULAR LETTER Series of 2005 TO : All Banks and Non-Bank Financial Institutions Subject : Counterfeit/Spurious Customized Corporate Checks and Money Transfers to Fictitious Accounts It has come to our attention of the growing incidence of cases involving the production by unknown parties of counterfeit or spurious customized corporate checks. Based on the information we …

BSP Circular Letter dated 05 April 2005: Counterfeit/Spurious Customized Corporate Checks Read More »

MEMORANDUM Series of 2005 TO : All Banks and Non-Bank Financial Institutions In connection with Administrative Order No. 117, s. 2005 of the Office of the President, the Monetary Board, in its Resolution No. 437 dated March 31, 2005, decided to maintain the five-day work schedule in the Bangko Sentral ng Pilipinas in the months …

BSP Memorandum dated 01 April 2005: 5-day Work Schedule in the BSP in April & May Read More »

MEMORANDUM Series of 2005 TO : All Banks and Non-Financial Intermediaries Pursuant to Proclamation No. 808 of the Office of the President declaring – (1) Holy Wednesday, 23 March 2005 as a non-working day for all government employees including those in government owned and controlled corporations, and the private sector under certain conditions, and; (2) …

BSP Memorandum dated 17 March 2005: Calculation of Reserve Position for 18-24 March & 25-31 March Read More »

19 August 2004 Mr. Senen D. Glorioso President Rural Bankers Association of the Philippines RBAP Bldg., A. Soriano Ave., cor. Arzobispo St. Intramuros, 1000 Manila Dear Mr. Glorioso: In accordance with Bangko Sentral ng Pilipinas (BSP) Circular No. 411 dated 29 October 2003, we wish to inform you that effective 4 December 2004, the peso …

Peso Rediscounting Rate Read More »

Revenue Regulations No. 9-2004 implements certain provisions of Republic Act No. 9238, re-imposing the gross receipts tax on banks and non-bank financial intermediaries performing quasi-banking functions and other non-bank financial intermediaries beginning January 1, 2004.

Anti-Money Laundering Council Bangko Sentral ng Pilipinas Complex Manila, Philippines SECRETARIAT July 7, 2004 Mr. Senen D. Glorioso President Rural Bankers Association of the Philippines A. Soriano Ave. cor. Arzobispo St. Intramuros, Manila Dear Sir: Pursuant to Rule 9.3.b.2 of the Revised Implementing Rules and Regulations, dated August 6, 2003, of R.A. No. 9160, as …

Suspicious Transaction Report (STR) New Hard Copy Form Read More »

Guidelines to ensure implementation by end-December 2005 of the Unified General Ledger(GL)/Subsidiary Ledger(SL) Reporting System for rural/cooperative and microfinance-oriented rural banks BANGKO ENTRAL NG PILIPINAS SUPERVISION AND EXAMINATION SECTOR OFFICE OF THE DEPUTY GOVERNOR MEMORANDUM TO ALL RURAL/COOPERATIVE AND MICROFINANCE-ORIENTED RURAL BANKS Please observe the following guidelines to ensure implementation by end-December 2005 of the …

Unified General Ledger(GL)/Subsidiary Ledger(SL) Reporting System Read More »