May 26, 2008
BSP CIRCULAR NO. 609-08
SUBJECT : Financial Reporting Package for Trust Institutions
The Monetary Board, in its Resolution No. 527 dated 30 April 2008, approved the revised Manual of Accounts (MOA) for Trust Institutions and the corresponding BSP reportorial requirements through the issuance of the attached Financial Reporting Package for Trust Institutions (FRPTI), in view of the adoption of the Philippine Financial Reporting Standards (PFRS) and Philippine Accounting Standards (PAS).
The FRPTI is designed to align the MOA for Trust Institutions and the corresponding BSP reportorial requirements with the provisions of the PFRS/PAS and the Financial Reporting Package for banks.
The FRPTI reflects the assets and accountabilities of a trust institution relative to its contractual relationships with its clients generally classified as to trust; other fiduciary; agency; advisory/consultancy; and special purpose trust. It is divided into (5) parts, namely: (1) General Instructions; (2) Contractual Relationships of the Trust Institution; (3) Revised MOA; (4) Line Item Instructions for the report; and (5) Report Formats. bsp2008
The FRPTI shall be submitted to the BSP on a quarterly basis within...
