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    Application To Purchase Foreign Exchange 09212016

    Uploaded by

    Maan Simbulan
    The applicant is applying to purchase a specific amount of foreign currency for a stated purpose. They provide their name, identification information, residency status, and the amount of foreign currency requested both in words and figures. They then check the appropriate box to indicate the purpose of the foreign exchange purchase, which includes options like trade, investments, debt payments, travel expenses, and other services. Finally, they indicate whether the foreign exchange should be remitted directly or credited to a foreign currency deposit unit account, and provide details of the beneficiary if not for certain pre-approved travel or medical purposes. The applicant certifies that no other foreign exchange has been purchased or swap contracts entered into for the same underlying transaction, and that the information provided

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    Application To Purchase Foreign Exchange 09212016

    Uploaded by

    Maan Simbulan
    32 views2 pages
    The applicant is applying to purchase a specific amount of foreign currency for a stated purpose. They provide their name, identification information, residency status, and the amount of foreign currency requested both in words and figures. They then check the appropriate box to indicate the purpose of the foreign exchange purchase, which includes options like trade, investments, debt payments, travel expenses, and other services. Finally, they indicate whether the foreign exchange should be remitted directly or credited to a foreign currency deposit unit account, and provide details of the beneficiary if not for certain pre-approved travel or medical purposes. The applicant certifies that no other foreign exchange has been purchased or swap contracts entered into for the same underlying transaction, and that the information provided

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    The applicant is applying to purchase a specific amount of foreign currency for a stated purpose. They provide their name, identification information, residency status, and the amount of foreign currency requested both in words and figures. They then check the appropriate box to indicate the purpose of the foreign exchange purchase, which includes options like trade, investments, debt payments, travel expenses, and other services. Finally, they indicate whether the foreign exchange should be remitted directly or credited to a foreign currency deposit unit account, and provide details of the beneficiary if not for certain pre-approved travel or medical purposes. The applicant certifies that no other foreign exchange has been purchased or swap contracts entered into for the same underlying transaction, and that the information provided

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    32 views2 pages

    Application To Purchase Foreign Exchange 09212016

    Uploaded by

    Maan Simbulan
    The applicant is applying to purchase a specific amount of foreign currency for a stated purpose. They provide their name, identification information, residency status, and the amount of foreign currency requested both in words and figures. They then check the appropriate box to indicate the purpose of the foreign exchange purchase, which includes options like trade, investments, debt payments, travel expenses, and other services. Finally, they indicate whether the foreign exchange should be remitted directly or credited to a foreign currency deposit unit account, and provide details of the beneficiary if not for certain pre-approved travel or medical purposes. The applicant certifies that no other foreign exchange has been purchased or swap contracts entered into for the same underlying transaction, and that the information provided

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    of 2

    APPLICATION TO PURCHASE FOREIGN EXCHANGE (FX)*

    Reference No. __________________


    Date: __________________

    I/We hereby apply to purchase foreign exchange with the following details:

    APPLICANT:
    Name: _________________________________________________________

    CIF Number: __________________________________________________________

    ID presented/Reference: __________________________________________________________

    Residency: ( )Resident ( ) Non -resident

    AMOUNT (in words) APPLIED FOR (Indicate foreign currency): _____________________________


    AMOUNT (in figures): _____________________________

    PURPOSE: (please check appropriate box)


     Trade (payment for importations)  Foreign/foreign currency loans1
     Inward Foreign Investments by Non-Residents1  Owed to Non-residents
     Repatriation of Capital  Owed to Offshore Banking Units
     Remittance of Profits/Dividends/Earnings  Owed to residents (FCDUs/EFCDUs)
     Remittance in FX equivalent of peso  Prepayment
    funds (funded by FX remittance) in excess of  Regular Payment
    investments made in the Philippines Debt Account No.: _______________
     Outward Investments by Residents:  Principal _______________________
     Direct Investment (Equity Capital)  Interest ________________________
     Debt Securities  Fees __________________________
     Equity Securities  Others
     Mutual Funds (MFs)/Unit Investment  Services
    Trust Funds (UITFs)  Non-merchandise Insurance
     Intercompany Loans2  Premiums
     Claims/payables
     Purchase of real property abroad,
     Passenger Tickets
    including condominium units
     Travel Expenses
     FX-denominated investment instruments
     Commissions
    issued onshore by non-residents
     Professional/Management Fees
     Resident to resident transactions:
     Royalties
     Obligations payable to residents
     Communication Services
     Resident investments in instruments
     Others (Please specify) ______________3
    (except bank deposits):
     Income Payment4
     Issued by other residents
     Transfers (e.g., grants, donations)
    (Please specify: ____________________)
     Conversion to FX of peso deposit
     Held for sale/trading by banks operating
    accounts of non-residents
    in the Philippines, regardless of issuer

     Others (Please specify) ____________

    FOREIGN EXCHANGE DISPOSITION:


     FOR CREDIT TO FCDU ACCOUNT5
     FOR DIRECT REMITTANCE Account No.: _________________________________
     Full Amount: ______________  Full Amount: ______________
     Partial Amount: ______________  Partial Amount: ______________

    BENEFICIARY: (Except for travel purpose, medical expenses not yet incurred and sales proceeds of emigrant’s domestic assets if emigrant is still
    in the country)
    Name : _________________________________________________________________________________
    Address : _________________________________________________________________________________
    I hereby certify that no foreign exchange has been purchased either on spot or deliverables forward basis and/or no swap
    contract/s has/have been entered into covering the same underlying transaction and that the foregoing information are true
    and correct.

    * To be accomplished for all FX purchases from AABs/AAB-forex corps


    1 For BSP-registered loans/investments

    2 Loans of residents to offshore parent companies/subsidiaries of residents with an original tenor of at least one (1) year

    3 Such as Manufacturing Services, Maintenance and repairs, Postal and Courier, Computer and Information, Research and Development,
    Advertising, market research and public opinion polling, Technical, trade-related, and other business services, BPO Services, Audio Visual and
    related services, Other personal, cultural and recreational services, and Government goods and services

    4 Other than those related to loans and investments

    BBG-00054-01
    Ver. 9.15.16
    _________________________________ _________________________________
    Date of Application Signature Over Printed Name

    BBG-00054-01
    Ver. 9.15.16

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