APPENDIX 20
Page 1 of 2
(As amended by Circular No. 742 dated 21 November 2011 and Circular No. 794 dated 18 April 2013)
Processing Fees on Foreign Exchange Transactions Payable to the Bangko Sentral ng Pilipinas (BSP)
Type of Transaction
BSP Approval of
Foreign/Foreign
Currency
Loans/Guarantees
BSP Registration1 of
Foreign/Foreign
Currency Loans
BSP Approval/
registration of
Foreign/Foreign
Currency Loans not
included in the Foreign
Borrowings Plan2
Review and clearance
by the Inter-Agency
Committee for Review
of Foreign Loan
Documents of
foreign/foreign
currency loan
documents/agreements
of Government Owned
and Controlled
Corporations
Replacement of Lost
Bangko Sentral
Registration Letters
for foreign/foreign
currency loans
Purchase of Bangko
Sentral Registration
Document (BSRD) for
foreign portfolio
investment by the
registering custodian
banks
1
2
Amount of Fee
0.02
percent
of
the
loan/guarantee
amount
applied for, with a minimum
of US$400 and maximum of
US$100,000.
Applications
requested to be treated on a
rush basis shall be charged
twice the foregoing rate
0.02 percent of the loan
amount
applied
for
registration, with a minimum
of US$400 and maximum of
US$100,000
An additional fee equivalent
to ten (10) percent of the
applicable processing fee.
Payment Mode
Payments shall be made
through the participating
authorized
agent
banks
(AABs) under Foreign Loan
Approval and Registration
System (FLAReS).
Other details
The fees shall be paid
through
the
participating AABs in the
peso equivalent using
BSP
reference
rate
one (1) banking day
preceding the date of
order
of
payment
generated
through
FLAReS
Payments shall be made
through the participating
AABs under FLAReS.
-
Regular processing fee of
PHP20,000.00
Payments shall be made to
the BSP-Cash Department in
Manager’s Check or Cashier’s
Check payable to the BSP
accompanied by a Payment
Order from the BSP-IOD.
-
PHP4,000.00
for
every
replacement requested for
lost BSP registration letters
for loans and/or their
accompanying
schedules:
Schedule RA-2 (Part I:
Schedule of Payments on
BSP-Registered Foreign/FCDU
Loans and Part II- Details of
FX/Hedging Transactions for
BSP-Registered Foreign/FCDU
Loans)
Payments shall be made to
the BSP-Cash Department in
Manager’s Check or Cashier’s
Check payable to the BSP
accompanied by a Payment
Order from the BSP-IOD.
-
PHP50.00/set of the BSRD
form printed by the BSP to be
used in the registration of
foreign portfolio investments
Payments shall be made to
the BSP-Cash Department in
cash or Manager’s Check or
Cashier’s Check payable to the
BSP or through debit of the
bank’s
regular
demand
deposit with the BSP.
-
Applications requested to be
treated on a rush basis shall
be
charged
twice
the
foregoing rate.
Pertains only to loans which do not require BSP approval prior to registration.
Private sector loans that are submitted to the BSP for approval or registration that were not included under
a foreign borrowings plan submitted to BSP as required in Section 22 of the FX Manual
APPENDIX 20
Page 2 of 2
(As amended by Circular No. 742 dated 21 November 2011; Circular No.794 dated 18 April 2013)
Replacement of lost
BSRD
for
foreign
investments registered
by the BSP
PHP2,000 shall be charged to
applicants
for
the
replacement of a lost BSRD
Payments shall be made to
the BSP-Cash Department in
cash or Manager’s Check or
Cashier’s Check payable to the
BSP, or through debit of the
bank’s
regular
demand
deposit with the BSP.
Extension in maturity a. 0.01 percent of the
dates of importations
importation’s
unpaid
under D/A and O/A
balance with a minimum of
arrangements
US$50.00 and a maximum
exceeding one (1) year
of
US$1,000.00
for
from
date
of
accounts whose extension
acceptance for D/A and
was reported by AABs to
from date of bill of
the
BSP
within
lading or air waybill for
31 to 180 days from
O/A
scheduled due date; and
Payments shall be made to
the BSP-Cash Department in
Manager’s Check or Cashier’s
Check payable to the BSP
accompanied by a Payment
Order from the BSP-IOD.
b. 0.02 percent of the
importation’s
unpaid
balance with a minimum of
US$100.00 and a maximum
of
US$2,000.00
for
accounts whose extension
was reported by AABs to
BSP beyond 180 days from
scheduled due date.
Release
of
the
replacement BSRD shall
be made only upon
receipt by the BSP of the
payment
from
the
foreign investors or their
duly
authorized
representative.
The fees shall be paid in
the peso equivalent
converted at the BSP
reference rate of one (1)
banking day prior to
payment date.