To update Treasury Department's records in the processing and verification of transactions in government securities

CIRCULAR LETTER Series of 1996

TO : All Banks and Non Bank Financial institutions with Quasi-Banking Functions, Accredited Government Securities Dealers, and Others Concerned

To update Treasury Department's records in the processing and verification of your transactions in government securities, please submit as soon as possible the following:

List of your authorized officers as of January 31, 1996 and their specimen signatures;

List of your representatives who deliver documents to and take delivery from Treasury Department, their pictures and specimen signatures.

To expedite verification of signatures kindly type the names of authorized officers below their signatures on documents submitted to Treasury Department such as Repurchase Agreements, authority to debit/credit account with Bangko Sentral, Confirmation of Purchase/Sale, and other similar transactions.

Henceforth, please submit your signatures list every six months on or before January 31 and July 31 every year. Likewise, please submit an update everytime there is a change in the name of your signatories.

Thank you.

SERGIO G. EDEZA Director