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    CL 073

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    Campbell Hezekiah
    1) All authorized agent banks and foreign exchange corporations must require clients to submit a duly accomplished Application to Purchase Foreign Exchange form prior to any foreign exchange transaction. 2) This form is an annex to the Manual of Regulations on Foreign Exchange Transactions and must accompany all documentation for foreign exchange transactions covered by the manual. 3) Banks and corporations are instructed to implement this requirement for proper documentation of all client foreign exchange transactions going forward.

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    CL 073

    Uploaded by

    Campbell Hezekiah
    14 views1 page
    1) All authorized agent banks and foreign exchange corporations must require clients to submit a duly accomplished Application to Purchase Foreign Exchange form prior to any foreign exchange transaction. 2) This form is an annex to the Manual of Regulations on Foreign Exchange Transactions and must accompany all documentation for foreign exchange transactions covered by the manual. 3) Banks and corporations are instructed to implement this requirement for proper documentation of all client foreign exchange transactions going forward.

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    1) All authorized agent banks and foreign exchange corporations must require clients to submit a duly accomplished Application to Purchase Foreign Exchange form prior to any foreign exchange transaction. 2) This form is an annex to the Manual of Regulations on Foreign Exchange Transactions and must accompany all documentation for foreign exchange transactions covered by the manual. 3) Banks and corporations are instructed to implement this requirement for proper documentation of all client foreign exchange transactions going forward.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    14 views1 page

    CL 073

    Uploaded by

    Campbell Hezekiah
    1) All authorized agent banks and foreign exchange corporations must require clients to submit a duly accomplished Application to Purchase Foreign Exchange form prior to any foreign exchange transaction. 2) This form is an annex to the Manual of Regulations on Foreign Exchange Transactions and must accompany all documentation for foreign exchange transactions covered by the manual. 3) Banks and corporations are instructed to implement this requirement for proper documentation of all client foreign exchange transactions going forward.

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    of 1

    BANoKo SeNrneL NG PILIPINAS

    OFFICE OF THE DEPUW GOVERNOR


    Monetary and Economics Sector

    ctRcutAR TETTER NO. Ct-2018- 073

    To All Authorized Agent Banks (AABsI/AAB forex corps and


    AllConcerned

    Subject : Submission of the Application to Purchase Foreign Exchange


    [Annex A of the Manual of Regulations on Foreign Exchange
    Transactions (FX Manual|, as amendedl

    to ltem 5 of Chapter l, Part One of the FX Manuall, it is hereby


    Pursuant
    clarified that all sales of foreign exchange (FX) by AABs/AAB forex corps for
    servicing/settlement of FX transactions covered by the FX Manual shall be supported
    by a duly accomplished Application to Purchase FX. Accordingly, the AABs/AAB forex
    corps shall require from their clients (e.9., public and private sector entities) the
    submission of the duly accomplished Application to Purchase FX, together with other
    supporting documents (as applicable), prior to the sale of FX for servicing/settlement
    of their clients' FX transactions.

    For guidance and implementation.

    "/,1a. fu*a
    MA. RAMONA GERTRUDES T. SNilNNdO
    6WInnf^<P
    Sector-ln-Charge

    lToctober zotS

    Copy of the FX Manual can be downloaded from the BSP website at: http://www.bsp.gov.ph/
    downloads/ Regulations/MORFXT/MORFXT.pdf

    A. Mal:irliSt., Miilat* 100.1 Maniia, Pbilipsiner . i63:) 7C[i7701 ' wwr".,.b;p.ilov.pl] . bspr]dil(i;b\fr ;iov.i;lr

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