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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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Bangko Sentral ng Pilipinas
BSP Circular Letters
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