FORWARD CONTRACTS TO SELL OR PURCHASE FX
CIRCULAR LETTER Series of 1997
FORWARD CONTRACTS TO SELL OR PURCHASE FX
All commercial banks and expanded commercial banks with outstanding forward contracts with non-residents (including offshore banking units) to sell or purchase foreign exchange with no full delivery of principal, as of the close of business on July 17, 1997, Thursday, shall submit to the Foreign Exchange Department (FED) of the BSP an inventory of such contracts (forward sales and purchases) not later than the close of business on Friday, July 25, 1997. Weekly reports (as of the close business on Friday) shall thereafter be submitted.
The report shall indicate the amount and maturity of the forward contracts.
GABRIEL C. SINGSON Governor
More in BSP Circular Letters
- Publication of Statement of Condition and Consolidated Statement of Condition as of 30 September 2007(BSP Circular Letter No. CL-2007-053)
- Reconstitution of the Open Finance Oversight Committee Transition Group (OFOCTG)(BSP Circular Letter No. CL-2023-007)
- Lost registration documents(BSP Circular Letter No. CL08221995)
- Official Deposits(BSP Circular Letter)
- Lost Bangko Sentral Registration Documents (BSRDs)(BSP Circular Letter No. CL-2011-017)
- Conversion/Upgrading of Rural Bank of Batangas, Inc. into a Thrift Bank Under a New Name "Pride Star Development Bank, Inc."(BSP Circular Letter No. CL-2010-006)
- Publication/Posting of Statement of Condition And/Or Consolidated Statement of Condition(BSP Circular Letter No. CL-2014-040)
- United Nations Security Council Resolution (UNSCR) No. 1929 adopted by the Secuirty Council on 9 June 2010 Imposing Additional Sanctions on the Islamic Republic of Iran (Iran)(BSP Circular Letter No. CL-2010-084)
Want an analysis of this document?
Ask ASG Legal AI to summarize it, compare it with other rulings, or explain how it applies to your situation — it researches from this same library.