Computation Sheet required for Capital Repatriation/Remittance of Dividends/Profits of BSP-Registered Foreign Investments

snf Pilibinas

INTERNATIONAL DEPARTMENT

CIRCULAR-LETTER Series of 2005

TO All Authorized Agent Banks (AABs)

SUBJECT : Computation Sheet required for Capitai

Repatriation/Remittance of Dividends/Profits of' Bangko Sentrai ng Pitipinas (BSP)- Reaistered Foreign investments

required under Nos. 1.b.4 and 2.6 of Item C, Annex B, of BSP Circular No. 388 dated 26 May 2003, to support sales of foreign exchange (FX) for capital Please be advised that the Computation Sheet, Attachment 2 of, and

repatriation/remittance ot dividends/profits of foreign investments duly registered with the BSP, must be verified as correct by the AAB before such AAB shall sell foreign exchange for said capital repatriation/outward remittance.

Accordingly, such AAB shall indicate "Verified as Correct" at the bottom of the said Computation Sheet to be signed by its authorized officer with the "Date Verified" also indicated, in accordance with the attached sample format.

Sheet shall subject the FX-selling AAB concerned to appropriate BSP sanctions/fines. Over-remittance due to incorrect computation under said Computation

eah. CELIA M. GONZALE Managing Dire&tor M

( July 2005

Att.: A/S

P ANANALAPING MATATAG, BANSANG PANATAG

A. Mabini St., Malate 1004 Manila, Philippines Trunkline (632) 524-70-11 URL:www.bsp.gov.ph e e-mail: [email protected]

COMPUtATION SHEEt No. 388 dated 5-26-2003) Attachment 2 (of BSP Circuiar

Name of Investor: Name of FX Selling Bank: Name of Investee Firm: TYPE OF FOREIGN INVESTMENT TRANSACTION Remittance of Cash Dividends/Profits Repatriation of Capital Date of FX Sale:

REMIttANCE oF CASH DIVIDENDS/PROFItS Amount of Dividend/Share Record Date: Payment Date: or Rate of Profits:

BSRQ No. Base Shares Registered Dividends/Profits per Share Amount (PHP) Total

C. A B D Gross Peso Amount Remittable Less: Taxes/Charges PHP/USD exchange rate Net Peso Amount Remittable

E. Foreign Exchange Applied for

RePatriation oF caPitaL BSrd No. Total Amount No. of Shares Rermittance (C + FX rate */) Registered Outstanding Balance Repatriation Before This Amount/No. of Shares for Repatriation Appfied

D. Less: Taxes/Charges E. Net Peso Amount Repgtriable (C - D) A. Total No. of Shares/Arnount Apptied B. Selling Price/Share (if appicabie) C. Gross Peso Amount Ropaririabl6 {A x B} F PHP/USD exchange rats for Repatriation

Prepared by: G. Foreign Exchange Applied for Repatriation (E + FX rata *N

*/ To be supplied by FX Selling Bank Signature over Printed Name of Authorized Representative of Applicant Date Investor's Representative Cornpany Affiliation of

Verified as Correct:

of Authorized Officer of FX Seiling Bank Signature over Printed Name Date Verified