BSP CIRCULAR LETTER, April 10, 2000

FEES FOR THE NEW BANGKO SENTRAL REGISTRATION DOCUMENT (BSRD) FORM AND FOR REPLACEMENT OF LOST BSRD

National Administrative Register April 10, 2000
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Pursuant to Monetary Board Resolution No. 522 dated March 31, 2000, please be advised that:

1.         The BSP-International Operations Department (IOD) shall
charge investors/custodian banks the amount of PHP50.00/set for new
prenumbered BSRD form printed by the BSP to be used in the registration
of foreign investments starting 3 April 2000.

2.         The amount of PHP2,000.00 shall be charged for the
replacement of a lost BSRD to cover the administrative costs incurred.

3.         For registering custodian banks, payments shall be made
through debit of its regular demand deposit account with the BSP. For
foreign investors directly registering with the BSP, payments shall be
made in cash or manager’s/cashier’s check to the BSP-Cash Department
thru the IOD.

4.         Release of the new BSRD form shall be made only upon
receipt by the IOD of the cash, manager’s/cashier’s check from foreign
investors or debit authorization from the registering custodian bank.

Adopted: 10 April 2000

(SGD.) CELIA M. GONZALEZ
Director