MORNBFI Vol. 1 - Planters Development Bank

APP. Q-13b08.12.31E. MarginsMargins shall be applied based onprevailing policies of the BSP TreasuryDepartment.F. Transaction FeeThe BTr shall collect a monthlymaintenance fee of One Thousand Pesos(P1,000.00) from each Eligible Participant QBfor the use of the CSA-ILF Securities Account.The maintenance fees herein required to bepaid by each Eligible Participant QB shall beseparate from and exclusive of any other feesbeing assessed and collected by BTr formembership in the RoSS. For this purpose,the Eligible Participant QB shall issue to theBTr an autodebit instruction to authorize theBTr to debit its DDA with BSP for the abovementionedmonthly maintenance fee. TheBTr will inform the Eligible Participant QBsof any change in fee at least fifteen (15) daysprior to implementation.G. DDA Statements/Transaction DetailsEligible Participating QBs will be ableto verify the status of their accounts byinitiating the SWIFT/PPS-Front-end Systeminquiry request.Availability of ServiceThe ILF is covered by a Memorandumof Agreement (MOA) dated 25 March 2008by and among the BSP, the BTr, theBankers Association of the Philippines (forBAP members) and the Money MarketAssociation of the Philippines (for non-BAPmembers). Participating QBs shall signindividual participation agreements. Theservices outlined in the MOA shall beavailable at the BSP and the BTr at a fixedhour on all banking days. Banking daysrefer to the days banking institutions areopen for business, Mondays thru Fridaysas authorized by the BSP.(CL-2008-036 dated 20 June 2008)Manual of Regulations for Non-Bank Financial InstitutionsQ-RegulationsAppendix Q-13b - Page 3