Lost BSRD identified
- The lost BSRD is BSRD No. A010337-0000.
- The lost BSRD covers foreign investment registered under Series B Convertible Notes.
- The foreign investor identified in the BSRD is AIG Asian Opportunity Fund L.P., Cayman Islands.
- The issuer identified in the BSRD is Rustin Supercenters, Inc.
- The lost BSRD is dated March 9, 2005.
Replacement application and effect
- The lost BSRD has been applied for replacement.
- The BSRD should not be honored if it is later found and presented.
- The “should not be honored” instruction applies for use in the purchase of foreign exchange.
- The restricted use is for repatriation of principal/capital.
- The restricted use is also for interest/earnings remittance.
Foreign exchange purpose and legal basis
- The instruction ties to Section 40 of the Manual of Regulations on Foreign Exchange Transactions, as amended by Circular No. 698 dated November 5, 2010.
- The repatriation and remittance transactions covered are those made pursuant to Section 40 under the referenced foreign exchange rules as amended by the referenced BSP circular.
Guidance and compliance instruction
- The BSP circular letter directs banks and relevant parties to treat the identified BSRD as not valid for honoring for the specified foreign exchange purposes.
- The circular letter serves as information and guidance for handling the reported-lost BSRD.
- The circular letter maintains that replacement is the operative path while the BSRD remains reported lost.
- The circular letter establishes a specific handling rule tied to presentation “for purchase of foreign exchange” for the enumerated remittance types.