FOREIGN LOAN APPROVAL AND REGISTRATION SYSTEM
USER ACCOUNT REQUEST FORM
(Accomplish in duplicate)
Date of Request
Name of Borrower
Tax Identification Number
Nature of Business
Location (Head Office / Branch / Foreign Company)
Business Address (No. & Street, Barangay, Town/District, City/Province, Postal Code)
Telephone No/s. (Indicate area code)
Fax No/s. (Indicate area code)
Website
Request: (put ‘X’ on the applicable box):
Access to the Foreign Loan Approval and Registration System (FLAReS)
Revision of user account in FLAReS
Please provide reason:
Renewal
Reactivation
Deactivation
of registration in FLAReS
Deletion of user account in FLAReS
for the following persons:
APPROVER Role:
User ID
(leave blank for
new users)
MAKER Role:
User ID
(leave blank for
new users)
Name of User
(Last Name, First Name M.I.)
Name of User
(Last Name, First Name M.I.)
Position
Position
Contact
Number
E-mail Address
Name of
Designated Approver
Signature
Contact
Number
E-mail Address
Signature
I/we hereby certify that the above information are true and correct to the best of my/our knowledge and belief. I/we also agree
to the Terms and Conditions enumerated at the back of this Foreign Loan Approval and Registration System User Account Request
Form.
Official Designation
Signature of Authorized Officer over Printed Name
To be Accomplished by the International Operations Department, BSP
Checked/Verified:
(Signature Over Printed Name)
IOD Form ________ * Version 1.1 * Updated 30 June 2012
Approved:
(Signature Over Printed Name)
USER ACCOUNT TERMS AND CONDITIONS
A.
User Role, User Name and Passwords
1. Each authorized user of the Borrower will be assigned a specific role and unique
User ID to access the Foreign Loan Approval and Registration System (FLAReS). The
functions of each User are described below:
Role
Maker
Approver
Function
Accomplishes the BSP application form for foreign/FCDU loan
approval/registrationa for review by the Approver
Revises and re-submits, as necessary the application form to the
Approver
Reads messages and posts responses to messages on the FLAReS
message board relative to an applicationb
Verifies and edits as needed the BSP application form for
foreign/FCDU loan approval/registration
Electronically submits/resubmits, as necessary the application for
BSP approval/registration of foreign/FCDU loans using the FLAReS
Reads messages and posts responses to messages on the FLAReS
message board relative to an applicationb
2. Every User ID shall have a corresponding unique password.
3. All users will be responsible for protecting the secrecy of their passwords.
4. BSP shall initially assign a default password that must be immediately changed by
the user upon initial access to FLAReS. Thereafter, passwords must be changed at
least quarterly or as prompted by FLAReS.
5. Passwords must be created with at least eight characters and must contain a
combination of the following:
 Alphanumeric characters;
o Lowercase letters (a,b,c… x,y,z);
o Uppercase letters (A, B, C… X,Y,Z);
o Numeric characters (0,1,2,3…..9);
 Special characters (!@#$%^&*()_+I-=\’{}[]:”;’<>?,./.).
6. Passwords must not be shared with anybody.
7. User accounts dormant (i.e., unchanged password) for at least 90 days shall
automatically be deactivated.
B.
Security Log-on
1. Always log-off from the System after every use.
2. In case of failure to access the System, a report to the International Operations
Department must be made at (02)306-2537 or via e-mail at FLARES@bsp.gov.ph.
C.
Sanctions
Non-compliance with or a violation of any of these Terms and Conditions can result to
the cancellation of access to FLAReS.
a/
b/
For private sector borrowers: applications for BSP Approval/Registration of foreign/FCDU loans.
For public sector borrowers: applications for BSP Approval-In-Principle/Final Approval of foreign/FCDU loans
If the Private Identification Number (PIN) is known to the User