February 7, 2003
BSP CIRCULAR LETTER
TO : All Authorized Agent Banks (AABs) and Their Subsidiary/Affiliate Forex Corporations
This is to remind all concerned that sales of foreign exchange are subject to the documentary requirements under the attached Circular Letters dated August 9, 2001 and January 24, 2002.
Violations of the aforesaid Circular Letters will be dealt with accordingly.
(SGD.) ALBERTO V. REYES
Officer In-Charge
August 9, 2001
BSP CIRCULAR LETTER
TO : All Authorized Agent Banks (AABs) and their Subsidiaries/Affiliate Forex Corporations
Attached, for your guidance, is the list of minimum documentary requirements that AABs and/or their subsidiary/affiliate forex corporations shall require from residents purchasing foreign exchange for non-trade purposes. ITSacC
This Circular-Letter serves to clarify Section 2 of Circular No. 1389 s. 1995, as amended.
(SGD.) ALBERTO V. REYES
Deputy Governor
MINIMUM DOCUMENTATION REQUIREMENTS FOR THE SALE OF FX FOR NON-TRADE PURPOSES
Purpose | Documents Required | |||
1) | Travel Funds (Only for permanent | 1. | Applicant's passport | |
residents of the Philippines | 2. | Passenger ticket | ||
2) | Educational Expenses/Student | 1. | Statement of enrollment or | |
Maintenance | acceptance by the school abroad | |||
showing that the student...
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