Submission of Credit Card Business Activity Report (CCBAR) by All BSP Supervised-Financial Institutions (FIs) with Credit Card Operations and their Subsidiary/Affiliate Credit Card Companies

September 23, 2013BSP CIRCULAR NO. 812-13SUBJECT:Submission of Credit Card Business Activity Report (CCBAR) by All BSP Supervised-Financial Institutions (FIs) with Credit Card Operations and their Subsidiary/Affiliate Credit Card Companies Pursuant to Monetary Board Resolution No. 1283 dated 01 August 2013, Section X320 and Appendix 6 of the Manual of Regulations for Banks (MORB), and Section 4320Q, Appendix Q-3, and Section 4301N of the Manual of Regulations for Non-Bank Financial Institutions (MORNBFI) are hereby amended. SECTION 1. Policy Statement. —The BSP deems it necessary to require submission of the CCBAR in order to enhance BSP's credit card database of both credit card issuers/acquirers and cardholders, ensure transparency and availability of information on credit card operations and complaints resolution, and afford a profound analysis of the credit card industry for policy-making.SECTION 2. Coverage and Scope. —All banks and quasi-banks and their subsidiaries/affiliates with credit card exposures (credit card issuances) shall submit the monthly CCBAR containing data on both credit card issuers/acquirers, cardholders, complaints, and card usage location on a quarterly basis. The Report Template is Annex A-1...