TITLE OF MA NUAL

Page 3 of 3
DATE

EXCHANGE OF FOREIGN CURRENCY

DOCUMENT ID AUTHORIZATION REVISION DATE

7/1/2011
REVISION NO.

BUYING AND SELLING PROCEDURE 1. Know the current exchange rate given by Head Office. Guiding rate shall be provided on a daily basis. Exchange rate varies every time/day; branch shall ensure that the availability of current exchange rate is confirmed with Treasury Dept. 2. Exchange rate for the day will be given by Treasury dept. based on the current rate Minimum rate lower rate Maximum rate peak rate Branch has the option for any bargaining rate to client it may be higher or lower of the given rate. Before any negotiation the branch shall ensure that the exchange rate is updated. 3. Application Form (AF) shall be filled up by client. Two valid ID will be presented by client in compliance with KYC Policy 4. Branch Cashier or Branch Teller verifies the genuineness of foreign currency (US Dollar) received from client or UV light may be use to verify the authenticity of the note. 5. Serial number and denomination of foreign currency (US Dollar) shall be written at the back of the application form. NOTE: It is our standard policy that serial number of foreign currency received from client must be logged for record purposes and identification of client transacting foreign exchange. 6. The application form shall be validated to system. If offline, the application will be stamped received for buying transaction and paid for selling it. 7. BC/Teller pay-out the amount exchange per agreed rate on the application form. NOTE: Cash count and serial number must be indicated at the back of application form. 8. Forex transaction of branches must be earmarked to Head office once transaction has been done. Treasury dept. is responsible for trading of the said dollar and any income or loss will booked within the day .

TITLE OF MA NUAL

Page 3 of 3
DATE

EXCHANGE OF FOREIGN CURRENCY

DOCUMENT ID AUTHORIZATION REVISION DATE

7/1/2011
REVISION NO.

9. Report of Forex transaction shall be submitted to Head Office every cut off period 15th and 30th of the month with attached application form properly filled up. Format:

Foreign Exchange Trading Branch___________________ For the period _____________ BUYING

Date Name Rate USD ($) PESO (P)

TOTAL ================================

SELLING
Date Name Rate USD ($) PESO (P)

TOTAL ================================ Prepared By: _______________ Branch Cashier Noted By: _______________ Branch Manager

TITLE OF MA NUAL

Page 3 of 3
DATE

EXCHANGE OF FOREIGN CURRENCY

DOCUMENT ID AUTHORIZATION REVISION DATE

7/1/2011
REVISION NO.

APPLICATION FORM should be completely filled up by client, signed and verified by Branch Cashier.

Indicate name of client Indicate, permanent address, Valid ID and Source of Dollar (KYC Policy)

Indicate Purpose of Exchange rate must be updated, based on the rate given by H.O. dollar exchange

Signed by the client

Signed by the cashier or teller