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Case Agency Issuance Number Published Date

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BSP Circular Letter

August 9, 2001

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Bangko Sentral ng Pilipinas

BSP Circular Letters

Corporate

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BSP Circular Letter

August 9, 2001

August 9, 2001BSP CIRCULAR LETTERTO : 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. ITSacCThis Circular-Letter serves to clarify Section 2 of Circular No. 1389 s. 1993, as amended. (SGD.) ALBERTO V. REYESDeputy GovernorMINIMUM DOCUMENTATION REQUIREMENTS FOR THE SALE OF FX FOR NON-TRADE PURPOSES1)    Travel Funds (Only for permanent1.    Applicant's passport residents of the Philippines2.    Passenger ticket    2)    Educational Expenses/Student1.    Statement of enrollment or Maintenance acceptance by the school abroad   showing that the student is working   or about to work for a degree or   taking a high technology course;  2.    School bills/statements of account   covering tuition and other school   fees, and  3.    Sworn statement of the student that   he does not enjoy scholarship/   grant/fellowship/stipend and/or is   not gainfully employed.    3)    Correspondence Studies1.    Proof of admission or enrollment in AABs may sell foreign exchange to correspondence school; cover tuition fees for correspondence2.    Description of curriculum courses; ...
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Tags

Bangko Sentral ng Pilipinas

BSP Circular Letters