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October 2, 2002BSP CIRCULAR LETTERTO : All Universal and Commercial Banks Pursuant to Monetary Board Resolution No. 999 dated 11 July 2002, which allows excess funds of Foreign Currency Deposit Unit (FCDU)/Expanded FCDU (EFCDU) of universal and commercial banks to be lent to the regular banking unit solely for the purpose of funding the latter's net fund outflow on its on-balance sheet foreign exchange transactions, the following amendments to BSP Circular No. 108 dated 09 May 1996, as amended, shall be adopted:1. Creation of the following accounts —a) "Lending — RBU" [1-4-47-00]This represents FCDU/EFCDU funds lent to RBU solely for the purpose of funding RBU's net fund outflow on its on-balance sheet foreign exchange transactions, as allowed under existing regulations.b) "Borrowing — FCDU/EFCDU” [2-3-49-00]This represents foreign currency borrowings by RBU from the FCDU/EFCDU, obtained solely for the purpose of funding the net fund outflow on RBU’s on-balance sheet foreign exchange transactions, as allowed under existing regulations. CDHaET2. Amendment of the definition of the following subsidiary ledger accounts —a) "Accrued Interest Receivable – FCDU/EFCDU"This represents interest...