FINANCIAL REPORTING PACKAGE
(Appendix to Sec. 172)
Organization of the Instructions of the FRP
This instruction is divided into the following sections:
(1) The General Instructions, which describe the overall reporting requirements;
(2) Structure of the FRP;
(3) Manual of Accounts, which provides in the order presented in the Balance Sheet and the Income Statement the definitions of the accounts in the FRP;
(4) Line Item Instructions for the Balance Sheet; Income Statements and Supporting Schedules; and
(5) Report Formats, for solo and consolidated reports.
Who must Report on What Forms/Schedules
|(1) Schedule 1||:||Checks and Other Cash Items|
|(2) Schedule 2||:||Due from Other Banks|
|(3) Schedule 3||:||Financial Assets Held for Trading|
|(4) Schedule 4a||:||Derivatives Held for Trading, Matrix of Counterparty and Type of Derivative Contracts|
|(5) Schedule 5||:||Financial Assets Designated at Fair Value Through Profit or Loss|
|(6) Schedule 6||:||Available for Sale Financial Assets|
|(7) Schedule 7||:||Held to Maturity Financial Assets|
|(8) Schedule 8||:||Unquoted Debt Securities Classified as Loans|
|(9) Schedule 9||:||Investment in Non Marketable Equity Securities|
|(10) Schedule 10||:||Interbank Loans Receivables|
|(11) Schedule 11||:||Loans and Receivables– Others|
|(12) Schedule 11a to 11 a4||:||Loans and Receivables – Others, Classified as to Status|
|(13) Schedule 11b to 11b4||:||Restructured Loans and Receivables, Classified as to Status|
|(14) Schedule 11d to 11d4||:||Loans and Receivables – Others, at Amortized Cost, Classified as to Type of Business/ Industry|
|(15) Schedule 11f||:||Schedule of Agri/Agra, Microfinance and SME Loans Receivables, Classified as to Counterparty|
|(16) Schedule 12||:||Loans and Receivables
Arising from Repurchase Agreements, Certificates of Assignment/ Participation with Recourse and Securities Lending and Borrowing Transactions, By Counterpart
|(17) Schedule 15||:||Equity Investment in Subsidiaries, Associates and Joint Ventures|
|(18) Schedule 19||:||Other Assets|
|(19) Schedule 20||:||Breakdown of Due from/to HO/Branches/ Agencies Abroad – Philippine Branch of a Foreign Bank|
|(20) Schedule 22||:||Deposit Liabilities Classified as to Type of Deposit|
|(21) Schedule 23||:||Due to Other Banks|
|(22) Schedule 24||:||Bills Payable|
|(23) Schedule 28||:||Other Liabilities|
Frequency of Reporting
|(1) Schedule 6b to 6b(3)||:||Financial Assets (“Collateral and Other Credit Enhancements Received as Security for the Related Impaired and Past Due Assets” column)|
|(2) Schedule 6c to 6c(3)||:||Available for Sale Financial Assets Movements in Allowances for Credit Losses|
|(3) Schedule 7b||:||Fair Value of Held to Maturity Financial Assets|
|(4) Schedule 7c to 7c(3)||:||Held to Maturity Financial Assets (“Collateral and Other Credit Enhancements Received as Security for the Related
Impaired and Past Due Assets” column)
|(5) Schedule 7d to 7d(3)||:||Held to Maturity Financial Assets Movements in Allowances for Credit Losses|
|(6) Schedule 8a||:||Fair Value of Unquoted Debt Securities Classified as Loans|
|(7) Schedule 8b to 8b(3)||:||Unquoted Debt Securities Classified as Loans (“Collateral and Other Credit Enhancements Received as Security for the Related Impaired and Past Due Assets” column)|
|(8) Schedule 8c to 8c(3)||:||Unquoted Debt Securities Classified as Loans Movements in Allowances for Credit Losses|
|(9) Schedule 11e to 11e(3)||:||Loans and Receivables-Others Classified as to Status Per PAS 39|
|(10) Schedule 15a||:||Investment in Subsidiaries, Associates and Joint Ventures (Fair Value Column)|
|(11) Schedule 18||:||Tax Assets and Liabilities|
|(12) Schedule 26||:||Fair Value of Financial Liabilities|
Rules of Consolidation
STRUCTURE OF THE FRP
(1) The FRP is designed to reflect the two (2) types of books as follows1: (1) regular banking book, which shall be comprised of (a) peso accounts; and (b) foreign accounts and (2) FCDU/EFCDU as allowed under Circular No. 1389 dated 13 April 1993, as amended. Transactions in the foreign regular and FCDU/EFCDU books shall be recorded at their foreign currency amounts and their local currency equivalent using the Philippine Dealing System (PDS) Peso/US Dollar closing rate and the New York US Dollar/Third Currencies closing rate.
(2) The FRP generally groups transactions into the different counterparties of the reporting bank. Foreign offices and branches of local banks abroad shall classify their counterparties from the perspective of the Head Office. Counterparties are broadly classified as to residents and non-residents and further sub-classified into the different sectors and institutional units defined as follows:
(a) Residents – This refers to individuals or institutional units that have a center of economic interest in the economic territory of the Philippines.
(i) National Government – This refers to the Philippine National Government and its agencies such as departments, bureaus, offices, and instrumentalities, but excluding local government units and government-owned and controlled corporations.
(ii) Local Government Units (LGUs) – This refers to the Philippine government units below the level of national government, such as city, provincial and municipal governments.
(iii) Government-Owned and Controlled Corporations (GOCCs) – This refers to any agency organized as a stock or non-stock corporation vested with functions relating to public needs whether governmental or proprietary in nature, and owned by the government directly or indirectly or through its instrumentalities either wholly, or where applicable as in the case of stock corporations to the extent of at least fifty-one percent (51%) of its capital stock: Provided, That GOCCs may be further categorized by the DBM, the Civil Service Commission and the COA for the purpose of the exercise and discharge of their respective powers, functions and responsibilities with respect to such corporations.
• Social Security Institutions (SSIs) – This refers to the social security agencies such as the Employees Compensation Commission (ECC), Government Service Insurance System (GSIS), Philippine Health Insurance Corporation (PhilHealth) and Social Security System (SSS).
• Other FIs – This refers to GOCCs that are primarily engaged in financial intermediation or in auxiliary financial activities that are closely related to financial intermediation but are not classified as banks such as the Home Guaranty Corporation (HGC), Trade and Investment Development Corporation (TIDCORP) and Small Business Corporation (SBC).
• Non-FIs – This refers to GOCCs that may not be classified as a social security institution nor other FIs.
(a.2) Bangko Sentral
(i) UBs/KBs – This refers to UBs and KBs as defined under existing laws and regulations.
• Government Banks – This refers to UBs/KBs owned or controlled by the national government such as the DBP, the LBP and the Al-Amanah Islamic Investment Bank of the Philippines.
• Non-Government Banks – This refers to private UBs/KBs, which are neither owned nor controlled by the national government, including branches of foreign banks licensed as UBs/KBs operating in the Philippines.
(ii) Other Banks – This refers to banks other than UBs/KBs i.e., TBs, RBs and Coop. Banks.
(a.4) Private Corporations
(i) Financial – This refers to private corporations that are primarily engaged in financial intermediation or in auxiliary financial activities that are closely related to financial intermediation but are not classified as banks. This shall include among others, insurance corporations, pension funds that are constituted as separate from the units that have created them, NSSLAs and QBs. Except in the case of “Loans and Receivables – Interbank Loans and Receivables” where QBs shall be a separate line item.
(ii) Non-Financial – This refers to private corporations whose principal activity is the production of goods or non- financial services for sale.
(b) Non-Residents – This refers to individuals or institutional units that have a center of economic interest outside the economic territory of the Philippines.
(i) Off-Shore Banking Units (OBUs) – This refers to a branch, subsidiary or affiliate of a foreign banking corporation which is duly authorized by the Bangko Sentral to transact offshore banking business in the Philippines.
(ii) Other Banks – This refers to the non-resident banks other than OBUs.
Corporations –This refers to non- resident corporations.
(c) Multilateral Agencies – This refers to the World Bank Group comprised of the IBRD and the IFC, ADB, AfDB, the EBRD, the IADB, the EIB, the NIB; the CDB, the CEDB and such others as may be recognized by the Bangko Sentral.
(3) The supporting schedules in the FRP contain an Additional Information section which requires disclosure of information necessary for validating compliance with The supporting schedules in the FRP contain an Additional Information section which requires disclosure of information necessary for validating compliance with other Bangko Sentral requirements and for statistical purposes. Among the information required to be disclosed are the following:
(a) Classification as to Original Term, which shall be reported only for solo reports
(a.1) Short Term (1 year or less)
(a.2) Medium Term (>1 year to 5 years)
(a.3) Long Term (> 5 years)
(b) Geographic Regions of Non-Resident Counterparties
(i) Africa – Algeria; Morocco; Tunisia and Sub-Sahara
(ii) Central and Eastern Europe – Albania; Bulgaria; Croatia; Czech Republic; Estonia; Hungary; Latvia; Lithuania; Macedonia, FYR; Malta; Poland; Romania; Slovak Republic and Turkey. Commonwealth of Independent States – Armenia; Azerbaijan; Belarus; Georgia; Kazakhstan; Kyrgyz Republic; Moldova; Mongolia; Russia; Tajikistan; Turkmenistan; Ukraine and Uzbekistan.
(iii) Developing Asia – Bangladesh; Bhutan; Cambodia; China; Fiji; India; Indonesia; Kiribati; Lao PDR; Malaysia; Maldives; Myanmar; Nepal; Pakistan; Papua New Guinea; Samoa; Solomon Islands; Sri Lanka; Thailand; Tonga; Vanuatu and Vietnam.
(iv) Middle East – Bahrain; Iran I.R.; Kuwait; Libya; Oman; Qatar; Saudi Arabia; United Arab Emirates; Yemen, Republic of; Egypt; Jordan; Lebanon and Syrian Arab Republic.
(v) Western Hemisphere – Mexico; Argentina; Brazil; Bolivia; Chile; Colombia; Ecuador; Paraguay; Peru; Uruguay; Venezuela; Costa Rica; El Salvador; Guatemala; Honduras; Nicaragua; Panama; Antigua and Barbuda; Bahamas, The; Barbados; Belize; Dominica; Dominican Republic; Grenada; Guyana; Haiti; Jamaica; St. Kitts and Nevis; St. Lucia; St. Vincent and the Grenadines; Suriname and Trinidad and Tobago.