1.8	FINANCIAL DERIVATIVES
	in million U.S. dollars
							2006 p/							Q2				Growth		Jan-Jun				Growth Rate
		ITEM					Jan	Feb	Mar	Apr	May	Jun		2006	p/	2005	r/	Rate (%)		2006	p/	2005	r/	2006	2005	r/
	FINANCIAL DERIVATIVES						-21	-37	-14	4	22	11		37		16		131.3		-35		-26		-34.6	-766.7
		Monetary  Authorities					0	0	0	0	0	0		0		0		0.0		0		0		0.0	0.0
		General  Government					0	0	0	0	0	0		0		0		0.0		0		0		0.0	0.0
		Banks					-21	-37	-14	4	22	11		37		16		131.3		-35		-26		-34.6	-766.7
		Other sectors					0	0	0	0	0	0		0		0		0.0		0		0		0.0	0.0
		ASSETS :  Residents' Investments Abroad					-4	-4	-14	-30	-42	-16		-88		-47		-87.2		-110		-61		-80.3	-110.3
			Monetary  Authorities				0	0	0	0	0	0		0		0		0.0		0		0		0.0	0.0
			General  Government				0	0	0	0	0	0		0		0		0.0		0		0		0.0	0.0
			Banks				-4	-4	-14	-30	-42	-16		-88		-47		-87.2		-110		-61		-80.3	-110.3
			Other sectors				0	0	0	0	0	0		0		0		0.0		0		0		0.0	0.0
		LIABILITIES : Non-residents' Investments					-25	-41	-28	-26	-20	-5		-51		-31		-64.5		-145		-87		-66.7	-171.9
			in the Philippines
			Monetary  Authorities				0	0	0	0	0	0		0		0		0.0		0		0		0.0	0.0
			General  Government				0	0	0	0	0	0		0		0		0.0		0		0		0.0	0.0
			Banks				-25	-41	-28	-26	-20	-5		-51		-31		-64.5		-145		-87		-66.7	-171.9
			Other sectors				0	0	0	0	0	0		0		0		0.0		0		0		0.0	0.0
Note:   Balance is derived by deducting assets from liabilities.
p/  - preliminary