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....

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