MORNBFI Vol. 1 - Planters Development Bank

APP. Q-808.12.31h. Projected annual cash flowstatement presented on a quarterly basisas of the approximate date of issuance fora period co-terminus with the life time ofthe issue, indicating the basic assumptionsthereto and supported by schedules onactual maturity patterns of outstandingreceivables and liabilities (under six (6)months, six (6) months to one (1) year, overone (1) year, and past-due accounts) andinventory turnover;i. Data on financial indicators, as maybe prescribed by the SEC, for each of theimmediate past three (3) fiscal years, suchas on solvency, liquidity, and profitability.The SEC may, whenever it deemsnecessary, impose other requirements inaddition to those enumerated above.Sec. 5. Action on Application forRegistrationa. Within sixty (60) days after receiptof the complete application for registration,the SEC shall act upon the application andshall, in the appropriate case, grant theapplicant a Certificate of Registration andAuthority to Issue Long-Term CommercialPapers valid for one (1) year, which maybe renewed annually with respect to theunissued balance of the authorized amount,upon showing that the registrant has strictlycomplied with the provisions of these Rulesand the terms and conditions of theCertificate of Registration.b. The SEC shall return any applicationfor registration, in cases where therequirements of applicable laws andregulations governing the issuance of longtermcommercial papers have not beencomplied with, or for reasons which shallbe so stated.Sec. 6. Close-end RegistrationRegistration of long-term commercialpapers under these Rules shall be a closeendprocess, whereby the portion of theauthorized amount already issued shall bededucted from the authorized amount andmay no longer be reissued even ifreacquired in any manner, pursuant to theterms and conditions of issue.Sec. 7. Long-Term CommercialPapers Exempt Per Se. The followingspecific long-term debt instruments areexempt per se from the provisions ofthese Rules:a. Evidence of indebtedness arisingfrom interbank loan transactions;b. Evidence of indebtedness issuedby the national and local governments;c. Evidence of indebtedness issuedby government instrumentalities, therepayment and servicing of which arefully guaranteed by the NationalGovernment;d. Evidence of indebtedness issuedto the BSP under its open market and/orrediscounting operations;e. Evidence of indebtedness issuedby the BSP, PNB, DBP, and LBP;f. Evidence of indebtedness issuedto the following primary institutionallenders: banks, including their trustaccounts, trust companies,QBs,investment houses, including their trustaccounts, financing companies,investment companies, NSSLAs, buildingand loan associations, venture capitalcorporations, special purpose corporationsreferred to in Central Bank MonetaryBoard Resolution No. 1051 dated 19 June1981, insurance companies, governmentFIs, pawnshops, pension and retirementfunds approved by the BIR, educationalassistance funds established by thenational government, and other entitiesthat may be classified as primaryinstitutional lenders by the BSP, inconsultation with the SEC: Provided, Thatall such evidences of indebtedness shallbe held on to maturity and shall neitherbe negotiated nor assigned to any oneother than the BSP, and the DBP, withQ RegulationsAppendix Q-8 - Page 4Manual of Regulations for Non-Bank Financial Institutions