BSP CIRCULAR LETTER, January 13, 1994
MANUAL OF ACCOUNTS FOR COMMERCIAL BANKS
National Administrative Register January 13, 1994
For purposes of ensuring uniform treatment of transactions related to the Special Guarantee Fund under the PCIC-Calf Guarantee Program the Revised Manual of Accounts for Commercial Banks and Expanded Commercial Banks is hereby amended, so as to change the existing general ledger account “Due to PCIC-Crop insurance Premium” to “Due to PCIC”. The bank may create a new subsidiary ledger accounts for this purpose.
Adopted: 13 Jan. 1994
(SGD.) FELICIANO MIRANDA JR.
Deputy director
Deputy director