February 20, 2004
BSP MEMORANDUM
TO : All Thrift Banks
To implement the Subsidiary Ledger (SL) Reporting System as prescribed under item 4 of Circular 270 dated December 19, 2000, as amended by Circular Letter dated July 9, 2002, all thrift banks shall comply with the following guidelines:
1. Implementation of the Subsidiary Ledger (SL) Reporting shall be in two phases
a. Phase 1
This phase shall include the following changes/adjustments:
1. Revisions in the existing SLs by including data elements appearing in the different Schedules of the monthly Consolidated Statement of Condition not disclosed in the original SL;
2. Updates in the SLs' data structures based on these revisions; cdabsp
3. Adoption on a group-wide basis of the level of data elements for Due from Other Banks, Head Offices/Branches and Agencies, Deposit Liabilities and Other Liabilities;
4. Integration of the existing Interbank Loans/Accounts Receivable Ledger's (IBLAR) data structure with the Loan Ledger's data structure;
5. Inclusion of the CREDEX report in the SL Reporting System; and
6. Retention of the existing format of Schedule 2F (Schedule of FCDU Other Assets and Other Liabilities From/To Non-Residents)
b....