REGISTRATION OF FOREIGN EXCHANGE DEALERS (FXDs)/MONEY CHANGERS (MCs) AND REMITTANCE AGENTS ( RAs} Description Clients Client Requirements ‘Schedule of Service Availability Contact Information Total Processing Time Total fees Processing of client's application for the issuance of Certificate of Registration (COR) for FKD/MC and RA FOREIGN EXCHANGE DEALERS (FXDs)/IMONEY CHANGERS(MCs) AND REMITTANCE AGENTS: (RAs) See Annexes for checklist of registration requirements: Annex E-23-a - Application for registration as FXO/MC and RA. Annex E-23-b -Deed of Undertaking Banking days: M-F (except holidays); Banking hours: 9:00 AM to 4:30 PM (Cut-off time: Applications received from 1:00 PM onwards will be considered as received the following banking day; Cash Department will accept payments up to 2:30 p.m. only) Integrated Supervision Department | (ISD |) Thirty (30) banking days from receipt by ISD | of complete documents up to the time of issuance of COR P1,000.00 per office (processing fee)OFFICE BSP ACTION RESPONSIBLE/ Pea ene poset LocaTION REQUIRED GENERATED A) APPLICATION THROUGH MAIL ‘Secure and accomplish BSP required forms downloadable from http://www. bsp.gov.ph/regulations/reg_others. asp. Forms may also be secured from BSP - ISD I or at any BSP Regional/Branch Offices See Annex E-23-c for list of BSP Regional/Branch Offices Receive documents. Encode receipt of application in the Mail complete accom Document Tracking BSP required documents together with ®1,000 | System (DTS). !fthe | Processor, CASG | See Annexes E-23-a processing fee. (Payment may be made through | documents contain and E-23-b for check or postal money order(PMO), payable to | payment, note the registration Bangko Sentral ng Pilipinas.) same indicating the requirements Note:P1,000.00 processing fee is non-refundable | check number or PMO in the DTS. Forwards application documents to the Director - ISD 1 For applications with complete documentary Encode in DTS Account Officer, Order of Payment requirements Verify the ISD I, 14/F, Multi- Complete appli (OP) and Official 3 Receive registration document completeness and storey Building documents and Receipt (OR) for: -Certificate of Registration (COR) assess the documents hotocopy of OR 1,000.00 - Transmittal Letter (TL) submitted. If with eee processing fee “Sticker payment forwardOfficial Receipt for: 1,000.00 - processing fee Sign and return BSP copy as proof of receipt (if thru pick-up) Sign Registry Return Receipt (RRR)if thru mail) check/PMO to Frontliner, ISD |, 14/F, Multi-storey Building Prepare Order of Payment (OP) and receive Official Receipt Frontliner, ISD | 14/F, Multi-storey {OR) from Cash Building Department for: 1,000.00 - processing fee Photocopy OR and note OR number and date in the Evaluation Report For applications with Application for #.0. complete documentary requirements Certificate of Account Officer, | Complete application | Registration (COR) Prepare: ISD, 14/F, Multi- | documents and “Sticker storey Building | photocopy of OR | -Evaluation Report -COR (ER) Sticker -Transmittal letter(TL) TLFor applications with incomplete documentary requirements Receive: -Letter-Advice (LA) Application documents together with check/PMO for payment of 1,000.00 processing fee Sign Registry Return Receipt (RRA)(if thru mail) Complete deficiencies and resubmit application For applications with incomplete documentary requirements Prepare LA and applications documents together with check/PMO for payment of 21,000.00 processing fee to be returned Account Officer, ISD 1,14/F, Multi- storey Building Complete application documents and check payment for processing fee -Letter-Advice (LA) Release TL/LA together with the documents to authorized representative (if thru pick-up) Forward to CASG the TULA together with the required documents and encode in DTS (if thru mail) Frontliner, ISO |, Registration Counter, Ground Floor, Multi- storey Bui Account Officer, ISD 1,14/F, Multi- storey Building Authorization letter and identification card of client/representative (if thru pick-up) -Receiving copy of the Transmittal Letter (TL) of Letter- Advice (LA) Prepare RRR Mail TL/LA together with the ducuinents, Encode in DTS release of documents Processor, CASG Office, 10th Floor, Multi-storey Building “Registry Return Receipt (RRR) End of TransactionB) WALK-IN APPLICATION WITH INTEGRATED SUPERVISION DEPARTMENT | Secure and accomplish BSP required forms downloadable from See Annex E-23-¢ for http://www. bsp.gov.ph/regulations/reg_others. list of BSP asp. Forms may also be secured from BSP - ISD Regional/Branch or at any BSP Regional/Branch Offices Offices Submit complete accomplished forms and other BSP required documents together with 81,000 Frontliner, {SD 1, processing fee (Payment may be made through | Receivesdocuments | — Registration cash or check or postal money order (PMO), and verifies Counter, Ground poyable to Bangko Sentral ng Pilipinas.) (Note: ‘completeness Floor, Multi- Applicant may opt to maintain a receiving copy storey Building for his file.) See Annexes £-23-a and E-23-b for registration requirements Prepares and issues | Frontliner, ISD 1, Order of Payment (OP) Registration Complete application | OP for 21,000.00 for 1,000.00 Counter, Ground documents processing fee processing fee Floor, Mul storey Building Receive OP and proceed to Teller, Cash Department, G/F, Multi-Storey Building for payment of: 1,000.00 - processing fee Receives OP and Teller, Cash Give OP and pay processing fee Payment; Issue OR for | Dept./ G/F, Multi- rere Gite ee 1,000 processing fee | Storey Building Pee erae Prose ie Receive ORPresent OR to Frontliner, ISD |, Registration Counter, Ground Floor, Multi-Storey Building Photocopy OR (indicate "Original Presented" in the file copy), note the ‘OR number and date of payment in the Evaluation Report. Return original OR to client Frontliner, ISD 1, Registration Counter, Ground Floor, Multi- storey Building Original OR Photocopy of Official Receipt (OR) Take back OR Returns client's copy of application documents duly signed/stamped with date/time of receipt Registration Counter, Ground Floor, Multi- storey Building Receive client's copy of application documents Frontliner, ISD 1, , Registration Counter, Ground Floor, Multi- storey Building Receive registration documents: -Certifciate of Registration (COR) “Transmittal Letter (TL) Sticker Sign and return BSP copy as proof of receipt (if thru pick-up) Sign Registry Return Receipt (RRR) (if thru mail) Encodes in DTS Assess the documents and prepare: -COR “Sticker TL Account Officer, ISD 1, Registration Counter, Ground Floor, Multi- storey Bldg, Complete application documents and photocopies of OR Certificate of Registration (COR), Transmittal Letter {TL) and StickerRelease TL/LA together with the documents to authorized representative (if thru pick-up) Forward to CASG the TL/LA together with the required documents and encode in DTS (if thru mail) ver, ISD 1, Registration Counter, Ground Floor, Multi- storey Building Account Officer, ISD 1, 14th Floor, Multi-storey Bldg. Authorization letter and identification card of client/representative (if theu pick-up) -Receiving copy of the Transmittal Letter (TL) or Letter- Advice (LA) Prepare RRR Mail TL/LA together Processor, CASG Office, 10th Floor, the documents Multi-storey -Registry Return Encode in DTS release Building Receipt (RRR) of documents End of Transaction C) APPLICATION THROUGH PERSONAL FILING WITH BSP REGIONAL/BRANCH OFFICE ‘Secure and accomplish BSP required forms downloadable from http://www.bsp.gov.ph/regulations/reg_others. asp. Forms may also be secured from BSP - ISD | or at any BSP Regional/Branch Offices See Annex E-23-c for list of BSP Regional/Branch Offices‘Submit complete accomplished forms and other BSP required documents together with 21,000 See Annexes £-23-a processing fee. (Payment may be made through | Receive documents BSP oe cash, check or postal money (PMO) order, and verify Regional/Branch on te or payable to Bangko Sentral ng Pilipinas.) (Note: completeness Office Staff ee o Applicant may opt to maintain a receiving copy) Cae Prepare and issue OP BSP for 81,000 processing | Regional/aranch | COmpiste application | OP for 8,000 fe one Sak Jocuments processing fee Receive OP and proceed to Teller, Cash Department, BSP Regional/Branch Office for payment of P 1,000.00 - processing fee Teller, Cash eae Give OP and pay Receive OP and | Department, 8SP- | OP for P1,000 OR for 1,000 £#1000.00 processing fee ayment/ issue OR for | ‘pe sional/Branch rocessing f ing fe .00 p ig P1000 provessing fee | Resional/Brand processing fee processing fee Office Receive OR Receive OR/ Photocopy OR and return OR to client (indicate bat ; Present OR “Original Prosented'" in | ReBional/Branch Original OR Photocopy of OR Office Staff file copy) ‘Take back ORForward/transmit application documents Bs. Complete application | 0. oe rrangmittal Receive client's copy of Application Documents | and photocopy of OR | Regional/Branch documents and erent tothe Director-IsD| | Office Staff photocopy of OR Letter Receive documents. Encode receipt of application in the Document Tracking | Processor CASG | cn ptete application Office, 10th Floor, System (DTS). documents and ye Multi-storey Forwards application prices photocopy of OR documents to the Director - ISD | and encode in the DTS For applications with complete documentary Encode in DTS requirements Verify the Receive registration documents: completeness and Certificate of Registration (COR) assess the documents Application for H.0. -Transmittal Letter (TL) submitted, -Sticker Account Officer, “Certificate of Sign and return BSP copy as proof of receipt (if | For applications with | ISD 1, Registration | Complete application | Registration (COR) thru pick-up) complete documentary | Counter, Ground | documents and -Sticker Sign Registry Return Receipt (RRR)|if thru mail) requirements Floor, Multi- photocopy of OR | -Evaluation Report storey Building (eR) Prepare: “Transmittal letter(TL) -COR -Sticker -TLFor applications with incamplete dacumentary requirements Receive: -Letter-Advice (LA) Application documents Sign Registry Return Receipt (RRR)\if thru mail) Complete deficiencies and resubmit application For applications with incomplete documentary requirements Prepare LA and applications documents to be returned Account Officer, ISD 1,14/F, Multi- storey Building Complete application documents and Photocopy of OR -Letter-Advice (LA) Release TL/LA together with the documents to authorized representative (if thru pick-up) Forward to CASG the TL/LA together with the required documents and encode in DTS (if thru mail) Frontliner, ISD 1, Registration Counter, Ground Floor, Mult storey Building Account Officer, ISD 1,14/F, Multi- storey Building ‘Authorization letter and identification card of client/representative (if theu pick-up) “Receiving copy of the Transmittal Letter (TL) or Letter- Advice (LA) Prepare RRR Mail TL/LA together with the documents Encode in DTS release of documents Processor, CASG Office, 10th Floor, Multi-storey Building -Registry Return Receipt (RRR) End of Transaction