Submission Procedures and Format
- Reports must be submitted electronically to the International Department via email (id-form5@bsp.gov.ph).
- Deadline for submission is the 15th banking day of the month following the reference month.
- Submission must follow the specific format and guidelines as detailed in Annexes 1-3 of the Circular.
Certification and Authentication Requirements
- Banks must submit a hard copy certification attesting to the accuracy and consistency of reported data.
- Certification must be signed by a duly authorized officer.
- Certification format is provided in Annex 2.
Authorized Signatories and Board Resolutions
- A Board Resolution designating authorized signatories for ID Form 5 must be submitted by the deadline for the April 2008 report.
- The resolution must include specimen signatures of authorized officers.
- Any changes in authorized signatories must be immediately reported to the International Department.
Penalties for Non-Compliance
- Delayed, incomplete, erroneous, or failure to submit reports are subject to penalties.
- Penalties are imposed in accordance with Subsection X162.2 of the Manual of Regulations for Banks.
- This applies specifically to Category A-2 reports.
Supersession of Previous Circulars
- Any provisions or guidelines in earlier Circular Letters dated 11 August 1994, 29 July 1999, 18 February 2003, and 30 June 2003 that conflict with this Circular are deemed superseded.
Contact Information for Queries
- Questions and clarifications may be directed to the International Department, Standards and Data Control Group.
- Contact methods include email (id-form5@bsp.gov.ph), fax (536-0053), and telephone (523-4114).
Reference to Previous Report Forms
- The report was formerly known as Schedule 8a of DCS l/ll Form 2.A.1 and 2 for Universal and Commercial Banks.
- For Thrift Banks, previously Schedule M03-TB of TB Form 2.
- This reclassification aligns the reporting requirements under the new designation ID Form 5.
This Circular ensures that banks maintain accurate and timely reporting of liabilities to non-resident entities, enhances regulatory oversight, and standardizes reporting formats and procedures across banking institutions.