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Glossary of Terms

Glossary and Abbreviations

A. Abbreviations

  • AFS- Available for Sale
  • AL- Auto Loans
  • ATM- Automated Teller Machine
  • BSP- Bangko Sentral ng Pilipinas
  • CAR- Capital Adequacy Ratio
  • CCR- Credit Card Receivables
  • CL- Consumer Loans
  • DFVPL- Designated at Fair Value Through Profit or Loss
  • FCDU/EFCDU- Foreign Currency Deposit Unit/Expanded Foreign Currency Deposit Unit
  • GLLP- General Loan Loss Provision
  • HFH- Held for Hedging
  • HFS- Held for Sale
  • HFT- Held for Trading
  • HTM- Held to Maturity
  • IBL- Interbank Loans Receivable
  • INMES- Investments in Non-Marketable Equity Securities
  • ITL- Items in Litigation
  • LC- Letters of Credit
  • LLR- Loan Loss Reserve
  • LRARA- Loans and Receivables Arising from Repurchase Agreements, Certificates of Assignment/Participation with Recourse and Securities Lending and Borrowing Transactions
  • LTNCD- Long Term Negotiable Certificates of Deposit
  • MORB – Manual of Regulations for Banks
  • NBFI- Non-Bank Financial Institutions
  • NCA- Non-Current Assets
  • NOW- Negotiable Orders of Withdrawal
  • NPA- Non-Performing Assets
  • NPL- Non-Performing Loans
  • OCL- Other Consumer Loans
  • PAS – Philippine Accounting Standards
  • PCIC– Philippine Crop Insurance Corporation
  • PDIC –Philippine Deposit Insurance Corporation
  • PFRS – Philippine Financial Reporting Standard
  • PD- Past Due
  • QB- Quasi Banking
  • RBU- Regular Banking Unit
  • REL- Real Estate Loans
  • RL- Restructured Loans
  • ROPA- Real and Other Properties Acquired
  • RWA- Risk Weighted Asset
  • SCR- Sales Contract Receivables
  • TLP- Total Loan Portfolio
  • TR- Trust Receipts
  • UDSCL- Unquoted Debt Securities Classified as Loans
  • UITF- Unit Investment Trust Fund
  • USD- Unsecured Subordinated Debt

B. Glossary

  • Accrued Expenses refers to the estimated liability for other unpaid expenses, which shall be set-up monthly against current operations
  • Accrued Interest Expense on Financial Liabilities refers to the interest incurred/due but not yet paid on financial liabilities
  • Accrued Interest Income from Financial Assets refers to interest income on financial assets that are already earned but not yet collected/received
  • Accrued Interest Income from Financial Assets, net refers to Accrued Interest Income from Financial Assets less Allowance for Credit Losses
  • Accumulated Amortization - Other Intangible Assets refers to the accumulated amortization of other intangible assets, which shall be set up monthly against current operations
  • Accumulated Depreciation - Bank Premises, Furniture, Fixture and Equipment refers to the accumulated depreciation of bank premises, furniture and fixture owned or leased by the bank, which shall be set up monthly against current operations
  • Accumulated Depreciation - ROPA refers to the accumulated depreciation of ROPA-Buildings and Other Properties Acquired, which shall be set up monthly against current operations
  • Accumulated Market Gain (Losses) - Financial Assets refers to cumulative gains/losses arising from change in the fair value of AFS Securities
  • Additional Paid-in Capital refers to the premium to Common Stock, Perpetual and Non-Cumulative Preferred Stock, and Perpetual and Cumulative Preferred Stock
  • AFS Equity Securities refers to equity securities that are designated as AFS
  • AFS Financial Assets, net of amortization refers to securities that are designated as AFS, which shall be measured upon initial recognition at their fair value plus transaction costs that are directly attributable to the acquisition of securities.
  • AFS-Debt Securities refers to debt securities that are designated as AFS
  • Allowance for Credit Losses - AFS refers to the amount of impairment loss that has been incurred on AFS Securities
  • Allowance for Credit Losses - Equity Investment in Subsidiaries/Associates /Joint Ventures refers to the cumulative amount of impairment loss incurred on equity investments in subsidiaries, associates and joint ventures, which shall be accounted for in accordance with PAS 36
  • Allowance for Credit Losses - Financial Assets refers to the sum of the (a) Allowance for Credit Losses of AFS Financial Assets, (b) Financial Assets HTM,(c)  USDCL, and (d) INMES
  • Allowance for Credit Losses  - HTM refers to the cumulative amount of impairment loss that has been incurred on HTM securities
  • Allowance for Credit Losses - INMES refers to the cumulative amount of impairment loss that has been incurred on INMES
  • Allowance for Credit Losses - Loans and Receivables – Other refers to the cumulative amount set-up against current operations to provide for losses, which may arise from the non-collection of loans and receivables
  • Allowance for Credit Losses - LRARA refers to the cumulative amount set-up against current operations to provide for losses which may arise from the non-collection of loans and receivables arising from repurchase agreements, certificates of assignment participation with recourse and securities lending and borrowing transactions
  • Allowance for Credit Losses - NCA-HFS refers to the cumulative amount of impairment loss incurred on NCAHS, which shall be accounted for in accordance with PFRS 5
  • Allowance for Credit Losses – ROPA refers to the cumulative amount of impairment loss incurred on ROPA, which shall be accounted for in accordance with PAS 36
  • Allowance for Credit Losses - SCR refers to the cumulative amount of impairment loss that has been incurred on SCR
  • Allowance for Credit Losses - TLP refers to the sum of (a) Allowance for Credit Losses of IBL, (b) Loans and Receivables-Others, and (c) LRARA
  • Allowance for Credit Losses - Total ROPA refers to the sum of (a) Allowance for Credit Losses of SCR, (b) Allowance for Credit Losses of ROPA, and (c) Allowance for Credit Losses of NCA-HFS     
  • Allowance for Credit Losses - IBL refers to the cumulative amount set-up against current operations to provide for losses which may arise from the non-collection of IBL
  • Allowance for Credit Losses - UDSCL refers to the amount of impairment loss that has been incurred on UDSCL
  • Allowance for Credit Losses - Accrued Interest Income from Financial Assets refers to the cumulative amount set up against current operations to provide for losses that may arise from non-collection of accrued interest income from financial assets
  • Allowance for Credit Losses - Bank Premises, Furniture, Fixture and Equipment refers to the cumulative amount of impairment loss incurred on bank premises, furniture, fixture and equipment, which shall be accounted for in accordance with PAS 36
  • Allowance for Credit Losses - Goodwill refers to the cumulative amount of impairment loss incurred on Goodwill, which shall be accounted for in accordance with PAS 36
  • Allowance for Credit Losses - Other Assets refers to the amount of impairment loss incurred on Other Assets, which shall be accounted for in accordance with PASs 39 and 36
  • Allowance for Credit Losses - Other Intangible Assets refers to the cumulative amount of impairment loss incurred on Other Intangible Assets, which shall be accounted for in accordance with PAS 36
  • Allowance for ROPA refers to the sum of (a) Allowance for Losses of ROPA, (b) Allowance for Credit Losses of SCR, (c) Allowance for Losses of NCA-HFS, and (d) Accumulated Depreciation of ROPA
  • Allowance on NPA refers to the sum of (a) Allowance for Credit Losses of TLP and (b) Allowance for ROPA
  • Annualized account refers to the sum of the account for the current period and December last year less the same period last year
  • Appraisal Increment Reserve is the reciprocal account of Bank Premises – Appraisal Increment account
  • Assigned Capital refers to the capital permanently assigned by a foreign bank to its branches operating in the Philippines pursuant to Section 4 of R.A. No. 7721
  • Average account refers to the sum of the account for last year and this year divided by 2

 

  • Bad Debts Written Off refers to loans, advances and other accounts, which management has finally determined to be worthless/uncollectible and written-off from the books in accordance with generally accepted procedures and existing rules and regulations
  • Bank Premises, Furniture, Fixture and Equipment refers to real and other properties used/to be used for banking purposes, which shall be accounted for using the cost model under PAS 16
  • Bank Premises, Furniture, Fixture and Equipment, net refers to Bank Premises, Furniture, Fixture and Equipment less Accumulated Depreciation and Allowance for Credit Losses
  • Bills Payable refers to the amortized cost of Obligations to the BSP, Interbank Loans Payable, Other Deposit Substitutes, and Other Bill Payable
  • Bonds Payable refers to the amortized cost of obligations arising from the issuance of bonds
  • Bonds Payable, net refers to the sum of Bond Payable and Unamortized Bond Discount/Premium
  • CAR1 refers to the ratio of Total Qualifying Capital to Total RWA
  • Cash and Due from Banks refers to the sum of (a) Cash on Hand, (b) Checks and Other Cash Items, (c) Due from BSP, and (d) Due from Other Banks
  • Cash and Due from Banks to Deposits refers to the ratio of Cash and Due from Banks to Deposit Liabilities
  • Cash LC refers to import letters of credit issued where the importer pays 100 percent in Philippine pesos
  • CL refers to the sum of (a) AL, (b) CCR, (c) Residential REL, and (d) OCL
  • Compensation/Fringe Benefits refers to the sum of (a) Salaries and Wages, (b) Fringe Benefits, (c) Director’s Fees, (d) SSS, Philhealth and Employees’ Compensation Premium and Pag-IBIG, (e) Medical, Dental and Hospitalization, (f) Contribution to Retirement/Provident Fund, Provision for Pensions and (g) Other Post Retirement Benefits
  • Cost to Income Ratio refers to the ratio of Annualized Non-Interest Expense, net of Impairment Losses to Annualized Total Operating Income
  • Custodianship refers to fees and commissions income from the custodianship services offered by the bank
  • Customers' Liability on Bills/Drafts under LC and/or Trust Receipt (TR) refers to margin deposits corresponding to negotiations on letters of credit evidenced by import bills and/or trust receipts
  • Deferred Tax Asset refers to the amount of income taxes recoverable in future periods in respect of deductible temporary differences, carry forward of unused tax losses and carry forward of unused tax credits, which shall be accounted for in accordance with PAS 12
  • Deferred Tax Liabilities refers to the amount of income taxes payable in future periods in respect of taxable temporary differences
  • Demand Deposits refers to deposits, subject to withdrawal either by check or through automated tellering machines, which are otherwise known as current or checking accounts
  • Deposits for Stock Subscription refers to funds received as deposits for stock subscription that meets the conditions for recognition as equity provided in Sec. X128 of the MORB
  • Depreciation/Amortization refers to the monthly/periodic depreciation of bank premises, furniture, fixture and equipment and ROPA accounts and the amortization of Other Intangible Assets
  • Derivatives with Negative Fair Value Held for Hedging refers to the negative fair value of derivatives that are designated and effective hedging instruments
  • Derivatives with Positive Fair Value Held for Hedging refers to the positive fair value of derivatives that are designated and effective hedging instruments
  • Distressed Assets Ratio refers to the ratio of Distressed Assets to the sum of TLP, gross and Total ROPA, gross (inclusive of Performing SCR)
  • Distressed Assets refers to the sum of (a) NPA, (b) Current RL, and (c) PD But Not Yet Non-Performing RL
  • Dividend Income refers to cash dividends earned and/or actually collected on equity securities held as HFT, DFVPL, AFS, and INMES
  • Due from FCDU/ RBU refers to account which controls the clearing of items/transactions between the FCDU/RBU
  • Due to BSP refers to Supervisory Fee and items/transactions which cannot be appropriately classified under any of the foregoing Due to BSP accounts
  • Due to FCDU/RBU refers to account which controls the clearing of items/transactions between the FCDU/RBU
  • Due to Other Banks refers to Due to Resident Banks – Clearing Accounts and Due to Non-Resident Banks - Working Capital
  • Due to PCIC refers to the amount payable to the PCIC as premium on insurance covering production loans for “palay”under the supervised credit program, which premium shall include the share of the borrower-farmer and the bank
  • Due to PDIC refers to the amount payable to the PDIC as premium on insurance for deposits
  • Due to Treasurer of the Philippines refers to all credits and deposits, including interest thereon, held by the bank in favor of persons known to be dead or who have not made further deposits or withdrawals during the preceding ten (10) years or more, which have been reported to the Treasurer of the Philippines pursuant to the provisions of the Unclaimed Balances Act (Act No. 3936, as amended)

 

  • Earning Asset refers to the sum of (a) Due from BSP,(b) Due from Other Banks, (c) Financial Assets - Debt Securities, gross, net of amortization, (d) Derivatives with Positive Fair Value HFT - Interest Rate Contracts, (e )Derivatives with Positive Fair Value HFH- Interest Rate Contracts, and (f) TLP, gross
  • Earning Asset Yield refers to the ratio of Annualized Interest Income to Average Earning Assets
  • Equity Investment in Subsidiaries/Associates /Joint Ventures refers to the (a) amount of the bank’s investments in the equity instruments of unconsolidated subsidiaries, which shall be accounted for using the equity method; (b) the cost of the bank’s investments in the equity instruments of associates, which shall be accounted for using the equity method; and (c) cost of the bank’s investments in the equity instruments of joint ventures, which shall be accounted for in accordance with PAS 31
  • Fees and Commissions Expenses refers to fees and commissions expenses for payment services, intermediation services, custodianship, underwriting and securities dealership, securitization activities, fiduciary activities and other services availed by the bank
  • Fees and Commissions Income refers to the sum of (a) Payment Services, (b)Intermediation Services, (c) Custodianship, (d) Underwriting and Securities Dealership, (e) Securitization Activities, (f) Income from Fiduciary Activities, and (g) Others Fees and Commission Income
  • Finance Lease Payment Payable refers to the future lease payments payable under finance leases that shall be accounted for in accordance with PAS 17
  • Financial Assets DFVPL - Debt Securities refers to the financial assets (debt securities) that upon initial recognition are designated by the bank as at fair value through profit or loss
  • Financial Assets HFT refers to HFT Securities, Derivatives with Positive Fair Value HFT, and Derivatives Carried at Cost
  • Financial Assets, excluding Equity Investment in Subsidiaries/Associates/ Joint Ventures, net of amortization refers to the sum of the (a) Financial Assets HFT, (b) Financial Assets DFVPL net of equity, (c) AFS-Debt Securities net of amortization, (d) HTM Financial Assets  net of amortization, (e) UDSCL net of  amortization, and (f) INMES
  • Financial Assets, net of Allowance for Credit Losses refers to Financial Assets, excluding Equity Investment in Subsidiaries/Associates/ Joint Ventures, net of amortization less Allowance for Credit Losses- Financial Assets
  • Financial Liabilities Associated with Transferred Assets refers to the consideration received arising from the transfer of assets that does not result in derecognition because the bank (transferor) has retained substantially all the risks and rewards of ownership of the transferred asset
  • Financial Liabilities DFVPL refers to financial liabilities that upon initial recognition are designated by the bank at fair value through profit or loss
  • Financial Liabilities HFT refers to Derivatives with Negative Fair Value Held for Trading and Liability for Short Position
  • Foreign Exchange Profit/ (Loss) refers to the unrealized gains/(losses) arising from the revaluation of foreign currency denominated accounts.
  • Funding Cost refers to the ratio of Annualized Interest Expense to Interest Bearing Liabilities
  • Gains/(Losses) from Sale/Derecognition of Non-Financial Assets refers to the gains/(losses) arising from derecognition of the following non-financial assets (a) Bank Premises, Furniture, Fixture and Equipment, (b) ROPA, (c) Goodwill , and (d) Other Intangible Assets
  • Gains/(Losses) from Sale/Redemption/Derecognition of Non-Trading Financial Assets and Liabilities refers to the gains/(losses) from non-trading financial assets (i.e. AFS, HTM, UDSCL, Loans and Receivables, Investment in Subsidiaries, Associates and Joint Ventures) and liabilities, which is comprised of the following (a) Realized Gains/(Losses) from Sale/Redemption/Derecognition of Financial Assets and Liabilities, and (b)Gains/(Losses) on Reclassification from AFS to HTM
  • Gains/(Losses) on Fair Value Adjustment in Hedge Accounting refers to (a) Unrealized Gains/(Losses) from Remeasurement of Hedging Instruments, and (b) Unrealized Gains/(Losses) from Remeasurement of Hedged Items
  • Gains/(Losses) on Financial Assets and Liabilities DFVPL  refers to financial assets and liabilities designated at fair value through profit or loss from Realized Gains/(Losses) from Sale or Derecognition of Financial Assets and Liabilities, and Unrealized Gains/(Losses) from Marking to Market
  • Gains/(Losses) on Financial Assets and Liabilities HFT refers to the gains/(losses) from financial assets and liabilities held for trading from (a) Realized Gains/(Losses) from Sale or Derecognition of Financial Assets and Liabilities, (b) Unrealized Gains/(Losses) from Marking to Market, and (c) Realized Gains/(Losses) from Foreign Exchange Transactions
  • GLLP refers to the amount of general provision for loan losses not linked to individually identified uncollectible accounts required to be set up under existing regulations
  • Goodwill refers to the future economic benefit arising from assets that are not capable of being individually identified and separately recognized
  • Goodwill, net refers to Goodwill less Allowance for Credit Losses
  • Gross Assets refers to the sum of (a) Total Asset, Net of Due to Head Office/Branches/Agencies and (b) NPA Cover
  • Gross NPL refers to the sum of PD and Already Non-Performing and ITL of (a) Loans and Receivable-Others, (b) IBL, and (c)LRARA

 

  • HTM Financial Assets refers to debt securities, quoted in an active market with fixed or determinable payments and fixed maturity that a bank has the positive intention and ability to hold to maturity other than those that meet the definition of Financial Assets DFVPL or those that the financial institution designates as AFS
  • IBL refers to (a) Interbank Call Loans Receivable and (b) Interbank Term Loans Receivable
  • Impairment Losses refers to impairment loss incurred on the following assets: (a) Investment in Subsidiaries, Associates and Joint Ventures, (b) Bank Premises, Furniture, Fixture and equipment, (c) ROPA, (d) NCAHS, (e) Goodwill, (f) Other Intangible Assets, and (g) Other Assets
  • Income from Fiduciary Activities refers to income from services rendered by the bank’s trust department
  • Income Tax Expense refers to the monthly provision for income tax
  • Income Tax Payable refers to the estimated liability for income tax which shall be set-up monthly against current operations
  • Interest Bearing Liabilities refers to the sum of (a)Financial Liabilities HFT, (b) Financial Liabilities DFVPL, (c) Deposit Liabilities, (d) Bills Payable, (e) Bonds Payable, USD, (f) Redeemable Preferred Shares, (g) Derivatives with Negative Fair Value HFH, and (h) Finance Lease Payment Payable
  • Interest Expense refers to payments and/or monthly accruals of interest on the following financial liabilities: (a) Financial Liabilities HFT, (b) Financial Liabilities DFVPL, (c) Deposits, (d) Bills Payable, (e) Bonds Payable, (f) USD, (g) Redeemable Preferred Shares, (h) Derivatives with Negative Fair Value Held for Hedging, (i) Finance Lease Payment Payable, and (j) Others
  • Interest Income refers to interest earned and/or actually collected from the following financial assets: (a) Due from BSP, (b) Due from Other Banks, (c) Financial Assets HFT, (d) Financial Assets DFVPL, (e) AFS Financial Assets, (f) HTM Financial Assets, (g) UDSCL, (h) Loans and Receivables, (i) LRARA, (j) Derivatives with Positive Fair Value Held for Hedging, (k) Sales Contract Receivable, and (l) Others
  • Interest Spread refers to the difference between Earning Asset Yield and Funding Cost
  • Intermediation Services refers to fees and commissions income from intermediation services such as those relating to deposit and lending services
  • INMES refers to equity instruments that do not have a quoted market price in an active market, and whose fair value cannot be reliably measured
  • Liquid Assets refers to the sum of (a) Cash and Due from Banks and (b) Financial Assets, net of amortization, accumulated market gains/losses, allowance for credit losses excluding Equity Investment in Subsidiaries/Associates /Joint Ventures
  • Liquid Assets to Deposits refers to the ratio of Liquid Assets to Deposits Liabilities
  • LLR refers to the sum of Specific Allowance for Credit Losses and GLLP
  • Loans and Receivables – Others refers to refers to loans granted other than to BSP, banks and non-bank financial institutions with quasi-banking authority
  • Loans and Receivables - Others, net of amortization refers to Loans and Receivables-Others less Unamortized Discount and Other Deferred Credits
  • Loans and Receivables, gross (net of amortization) refers to non-derivative financial assets with fixed or determinable payments that are not quoted in an active market, other than (a) those that the bank intends to sell immediately or in the near term, which shall be classified as HFT, and those that the entity upon initial recognition designates as at fair value through profit or loss; (b) those that the bank upon initial recognition designates as AFS; or (c) those for which the holder may not recover substantially all of its initial investment, other than because of credit deterioration, which shall be classified as AFS
  • Loans to BSP refers to foreign currency denominated loans and discounts granted by an FCDU/EFCDU to the BSP
  • LRARA refers to the amortized cost of loans arising from repurchase agreements, certificates of assignment/participation with recourse and securities lending and borrowing transactions
  • LTNCD refers to interest bearing negotiable certificates of deposit with a minimum maturity of five years
  • Margin Deposits on LC refers to non-interest bearing deposits required on commercial letters of credit issued in favor of beneficiaries arising from movement of goods or services
  • Minority Interest in Profit/(Loss) of Subsidiaries (for consolidated report only) refers to the portion of profit/(loss) of a subsidiary attributable to equity interests that are not owned, directly or indirectly through subsidiaries, by the parent in line by line consolidation of financial statements

 

  • NBFI with QB Functions refers to Investment Houses (IH) and Financing Companies (FC) with QB functions
  • NBFI without QB Functions refers to Credit Card Companies (CCC), IH without QB functions, FC without QB functions, Securities Dealers Brokers (SDB), Pawnshops, Non-stock Savings and Loans Associations (NSSLA), Investment Companies (IC), Lending Investors (LI), Venture Capital Corporations (VCC), and Government NBFI (GNBFI)
  • NCA-HFS refers to ROPA that are available for immediate sale in its present condition subject only to terms that are usual and customary for sales of such assets and the sale must be highly probable
  • Net Interest Income refers to the difference between Interest Income and the sum of Interest Expense, and Provision for Losses on Accrued Interest Income from Financial Assets
  • Net Interest Income to Total Operating Income refers to the ratio of Net Interest Income and Total Operating Income
  • Net Interest Margin refers to the ratio of Annualized Net Interest Income to Average Earning Assets
  • Net NPL2 refers to the Gross NPL less Specific Allowance for Credit Losses on the Total Loan Portfolio, gross
  • Net Profit Before Share in the Profit/(Loss) of Unconsolidated Subsidiaries, Associates and Joint Ventures Accounted for Using the Equity Method refers to the sum of Net Interest Income and Non-Interest Income less Non-Interest Expense, then plus Losses/Recoveries on Financial Assets
  • Net Profit or Loss refers to the sum of (a) Total Profit/Loss After Tax and Before Minority Interest and (b) Minority Interest in Profit/(Loss) of Subsidiaries
  • Non-Interest Expense refers to (a) Compensation/Fringe Benefits, (b )Taxes and Licenses, (c) Fees and Commissions Expenses, (d) Other Administrative Expenses, (e) Depreciation/Amortization, (f) Impairment Losses, and (g) Provisions
  • Non-Interest Income refers to the sum of (a) Dividend Income, (b) Fees and Commission Income, (c) Gains/(Losses) on Financial Assets and Liabilities HFT, (d) Gains/(Losses) on Financial Assets and Liabilities DFVPL, (e) Foreign Exchange Profit/(Loss), (f) Gains/(Losses) from Sale/Redemption/Derecognition of Non-Trading Financial Assets and Liabilities, (g) Gains/(Losses) on Fair Value Adjustment in Hedge Accounting, (h) Gains/(Losses) from Sale/Derecognition of Non-Financial Assets, and (i) Other Income
  • NOW Accounts refers to the interest-bearing savings deposit which are withdrawable by means of NOW
  • NPA Coverage refers to the ratio of NPA Reserve to NPA
  • NPA refers to the sum of (a) Gross NPL, (b) ROPA, gross, (c) NCA-HFS, gross, and (d) Non-Performing SCR
  • NPA Reserve (also known as NPA Cover) refers to the sum of (a) LLR, (b) Allowance for Losses of ROPA, (c) Accumulated Depreciation of ROPA, (d) Allowance for Losses of NCA-HFS, and (e) Allowance for Credit Losses of SCR
  • NPL Coverage refers to the ratio of Allowance for Credit Losses of TLP, gross to NPL
  • NPL Ratio (exclusive of IBL) refers to the ratio of NPL (exclusive of NPL of IBL) to TLP, gross (exclusive of IBL)
  • NPL Ratio (inclusive of IBL) refers to the ratio of NPL to TLP, gross
  • OCL refers to the account Loans to Individual for Consumption Purpose-Others
  • Off-site ATM refers to ATM that is not housed in any banking office
  • On-site ATM refer to ATM that is housed in a banking office
  • Other Administrative Expenses refers to the sum of (a )Rent, (b) Power, Light and Water, (c) Postage, Telephone, Cables and Telegrams, (d) Repairs and Maintenance, (e) Security, Clerical, Messengerial and Janitorial Services, (f) Information Technology Expenses, (g) Supervision Fees, (h) Insurance Expenses, (i) Management and Other Professional Fees, (j) Representation and Entertainment, (k) Traveling Expense, (l) Fuel and Lubricants, (m) Advertising and Publicity, (n) Membership Fees and Dues, (o) Donations and Charitable Contributions, (p) Periodicals and Magazines, (q) Documentary Stamps Used, (r) Stationery and Supplies Used, (s) Fines, Penalties and Other Charges, (t) Litigation/Assets Acquired Expenses, and (u) Other Expenses (not elsewhere classified)
  • Other Assets refers to (a) Deferred Charges, (b) Servicing Assets, (c) Accounts Receivable, (d) Dividends Receivable, (e) Loans to RBU by FCDU/EFCDU, (f) Deficiency Judgment Receivable, (g) Employee Benefits, (h) Sinking Fund, (i) Prepaid Expenses, (j) Shortages, (k) Sundry Debits, (l) Inter-office Float Items, and (m) Others
  • Other Assets, net refers to Other Assets less Allowance for Credit Losses
  • Other Bills Payable refers to the amortized cost of other borrowings, which cannot be appropriately classified under any of the foregoing accounts
  • Other Comprehensive Income refers to (a) Net Unrealized Gains/(Losses) on AFS Financial Assets, (b) Gains/(Losses) on Fair Value Adjustments of Hedging Instruments,  (c) Cumulative Foreign Currency Translation, and (d) Other Comprehensive Income (not elsewhere classified)
  • Other Equity Instruments refers to (a) Hybrid Tier 1, (b) Equity Component of Compound Financial Instruments, and (c) other equity instruments that cannot be classified under any of the foregoing classifications
  • Other Fees and Commissions Income refers to fees and commission income not classified under any of the foregoing classifications
  • Other Income refers to (a) Rental Income and (b) Miscellaneous Income
  • Other Intangible Assets refers to the identifiable non-monetary asset without physical substance
  • Other Intangible Assets, net refers to Other Intangible Assets less Accumulated Amortization and Allowance for Credit Losses
  • Other Liabilities refers to (a) Servicing Liabilities, (b) Withholding Tax Payable, (c) SSS, Philhealth, Employer’s Compensation Premiums and Pag-IBIG Contributions Payable, (d) Unclaimed Balances, (e) Dividends Payable, (f) Accounts Payable, (g) Loans by RBU from FCDU/EFCDU, (h) Deposit for Stock Subscription, (i) Overages, (j) Sundry Credits, (k) Inter-Office Float Items, and  (l) Miscellaneous Liabilities
  • Other Offices refers to bank’s regular branches, micro-finance oriented branches, extension offices, regular other banking offices (OBOs), micro-banking offices (MBO), sub-branches, agencies, and representative offices
  • Other Taxes and Licenses Payable refers to the estimated liability for taxes and licenses, other than income tax, which shall be set-up against current operations
  • Outstanding Acceptances Executed by or for Account of this Bank refers to the total liabilities of the bank to its correspondent banks arising from customer trade, which calls for time drafts payable within a specified number of days from the date of presentation by the beneficiary, for which the bank has given accommodations to the buyer/importer in the form of acceptance credit

 

  • Paid in Capital Stock refers to the total amount of (a) Common Stock, (b) Perpetual and Non-Cumulative Preferred Stock, and (c) Perpetual and Cumulative Preferred Stock
  • Payment Orders Payable refers to inward and outward remittances of funds by telegraphic transfers, demand drafts or mail transfer orders received by the bank pending payment/disposition to designated beneficiaries or application/disposition to appropriate accounts
  • Payment Services refers to fees and commissions income from payment services offered by the banks such as for bills (e.g. insurance and telecommunication companies), utilities (e.g., electric and water companies) and taxes
  • PD Loans refers to loans which are classified as (a) PD and Not Yet Non-Performing, (b) PD and Already Non-Performing, and (c) ITL
    • PD Ratio refers to the ratio of PD Loans to TLP,gross
  • Provision for Credit Losses on Loans and Receivables and Other Financial Assets refers to the impairment loss on loans and receivables and other financial assets, which shall be debited to set up the allowance for losses on the said financial assets
  • Provision for Losses on Accrued Interest Income from Financial Assets refers to the impairment loss on accrued interest income from financial assets charged against current operations
  • Provisions (Balance Sheet account) refers to (a) Pensions and Other Post Retirement Benefits Obligations and (b) provisions for credit losses on off-balance sheet exposures established in accordance with the generally accepted accounting standards
  • Provisions (Income Statement account) refers to the bank’s provisions other than for pensions and other post-retirement benefit obligations
  • Recovery on Charged-Off Assets refers to the collections of accounts or recovery from impairment of items previously written-off/provided with allowance for credit losses
  • Redeemable Preferred Shares refers to preferred shares issued which provides for redemption on a specific date, i.e., mandatorily redeemable preferred shares
  • Regular Banking Unit refers to the Peso Accounts, Foreign Regular, and Foreign Offices books
  • Retained Earnings refers to the sum of (a) Retained Earnings Reserve and (b) Retained Earnings Free
  • Revaluation of Hedged Assets in Portfolio Hedge of Interest Rate Risk refers to the gain or loss arising from change in the fair value of a portion of a portfolio of financial assets designated as hedge items for a fair value hedge of interest rate exposure
  • Revaluation of Hedged Liabilities in Portfolio Hedge of Interest Rate Risk refers to the gain or loss arising from change in the fair value of a portion of a portfolio of financial liabilities designated as hedge items for a fair value hedge of interest rate exposure
  • ROA refers to the ratio of Annualized Net Profit or Loss and Average Total Assets
  • ROE refers to the ratio of Annualized Net Profit or Loss and Average Total Equity
  • ROPA refers to real and other properties, other than those used for banking purposes or held for investment, acquired by the bank in settlement of loans through foreclosure or dation in payment and/or for other reasons, whose carrying amount will be recovered principally through a sale transaction
  • Savings Deposits refers to interest-bearing deposits which are withdrawable either upon presentation of a properly accomplished withdrawal slip together with the corresponding passbook or thru the automated tellering machines
  • SCR refers to the amortized cost of assets acquired in settlement of loans through foreclosure or dation in payment and subsequently sold on installment basis whereby the title to the said property is transferred to the buyers only upon full payment of the agreed selling price
  • Securitization Activities refers to fees and commission income, including servicing fees earned from the bank’s securitization activities. This does not include the income from seller’s interests and residual interest retained by the bank
  • Share in the Profit/(Loss) of Associates refers to the share of the bank in the profit/(loss) of the associate under the equity method of accounting
  • Share in the Profit/(Loss) of Joint Ventures refers to the share of the bank in the profit/(loss) of the joint venture under the equity method of accounting
  • Share in the Profit/(Loss) of Unconsolidated Subsidiaries refers to the share of the bank in the profit/(loss) of the unconsolidated subsidiary under the equity method of accounting
  • Special Financing refers to the sum of Time Certificate of Deposits - Special Financing and Special Time Deposits
  • Special Time Deposits refers to the non-interest bearing deposits used as security for IGLF purposes and interest bearing deposits of government agencies used to finance its programs/projects. These deposits are not subject to reserve requirements
  • Specific Allowance for Credit Losses refers to the sum of Allowance for Credit Losses of (a) Loans and Receivable-Others, (b) IBL, and (c)LRARA
  • Stock Dividend Distributable refers to the amount of stock dividends declared by the Board of Directors, the corresponding certificates for which have not yet been issued

 

  • Taxes and Licenses refers to the expenses incurred for taxes and licenses other than income tax, such as corporate residence tax, motor vehicle registration fees, privilege tax, firearms tax, gross receipts tax and other taxes
  • Tier 1 Ratio refers to the ratio of Net Tier 1 Capital to Total RWA
  • Time Certificate of Deposits - Special Financing refers to time certificates of deposits received for projects under the special financing program of the Philippine Government and/or foreign government and/or international financing institutions
  • Time Certificate of Deposits refers to interest-bearing deposits with specific maturity dates and evidenced by certificates issued by the bank
  • TLP (Circular 351) refers to TLP, gross less Loans Classified as Loss Fully Covered by Allowance for Credit Losses
  • TLP, gross refers to the sum of (a) Loans to BSP, (b) IBL, (c) Loans and Receivables-Others, and (d) LRARA, net of amortization
  • TLP, gross to Deposits refers to the ratio of TLP, gross to Deposit Liabilities
  • TLP, net of IBL (also known as TLP (exclusive of IBL)) refers to the sum of (a) Loans to BSP, (b) Loans and Receivables-Others, and (c) LRARA
  • TLP, net refers to the difference between TLP, gross and Specific Allowance for Credit Losses
  • Total Asset refers to the sum of all assets, adjusted to net off the accounts Due from Head Office/Branches/Agencies and Due to Head Office/Branches/Agencies of foreign bank branches
  • Total Capital Accounts to Total Assets refers to the ratio of the sum of Total Capital Accounts and Redeemable Preferred Shares to Total Assets
  • Total Operating Income refers to the sum of Net Interest Income and Non-Interest Income
  • Total Other Assets, net refers to the sum of (a) Derivatives with Positive Fair Value Held for Hedging, (b) Revaluation of Hedged Assets in Portfolio Hedge of Interest Rate Risk, (c) Goodwill, net, (d) Accrued Interest Income from Financial Assets, net, (e) Bank Premises, Furniture, Fixture and Equipment, net, (f) Other Intangible Assets, net, (g) Deferred Tax Asset, (i) Due from Foreign Currency Deposit Unit (FCDU)/Regular Banking Unit (RBU), and (j) Other Assets, net
  • Total Other Liabilities refers to the sum of (a) Due to Other Banks, (b) Bonds Payable, net, (c) Financial Liabilities Associated with Transferred Assets, (d) Derivatives with Negative Fair Value Held for Hedging, (e) Revaluation of Hedged Liabilities in Portfolio Hedge of Interest Rate Risk, (f) Accrued Interest Expense on Financial Liabilities, (g) Finance Lease Payment Payable, (h) Due to Treasurer of the Philippines, (i) Treasurer/Cashier/Manager's Checks, (j) Payment Orders Payable, (k) Margin Deposits on LC and Customers' Liability on Bills/Drafts under LC and/or Trust Receipt (TR), (l) Cash LC, (m) Outstanding Acceptances Executed by or for Account of this Bank, (n) Due to BSP, (o) Due to PDIC, (p) Due to PCIC, (q) Income Tax Payable, (r) Other Taxes and Licenses Payable, (s) Accrued Expenses, (t) Unearned Income, (u) Deferred Tax Liabilities,(v) Provisions, (w) Other Liabilities, (x) Due to Head Office (HO)/Branches (Br)/Agencies (Ag) (Philippine branch of a foreign bank), and (y) Due to FCDU/RBU
  • Total Profit/Loss After Tax and Before Minority Interest refers Total Profit/Loss Before Tax and Before Minority Interest less Income Tax Expense
  • Total Profit/Loss Before Tax and Before Minority Interest refers to the sum of Net Profit Before Share in the Profit/(Loss) of Unconsolidated Subsidiaries, Associates and Joint Ventures Accounted for Using the Equity Method and Share in the Profit/(Loss) of Unconsolidated Subsidiaries, Associates and Joint Ventures Accounted for Using the Equity Method
  • Total ROPA refers to the sum of (a) ROPA, (b) SCR, and (c) NCA-HFS
  • Total ROPA, net of Allowance for Credit Losses refers to Total ROPA less Allowance for Credit Losses - Total ROPA
  • Treasurer/Cashier/Manager's Checks refers to the total amount of checks drawn by the bank upon itself payable to the payees named in the check
  • Treasury Stock refers to the stocks that have been issued as fully paid and have been reacquired by the bank and not retired. This also refers to shares of the parent bank held by a subsidiary in a consolidated balance sheet
  • Unamortized Bond Discount/Premium - Bonds Payable refers to the unamortized discount/ premium on bonds payable which shall be credited/debited monthly based on the effective interest method with the corresponding debit/credit to Interest Expense-Bonds Payable
  • Unamortized Debt Discount/Premium - USD refers to the unamortized discount/premium on unsecured subordinated debt which shall be credited/debited monthly based on the effective interest method with the corresponding debit/credit to Interest Expense-Unsecured Subordinated Debt
  • Unamortized Discount and Other Deferred Credits refers to the unamortized discount on the account representing financial service fees that are an integral part of the effective interest of the account, and any increase in the face amount of the account and resulting from accrued interest and accumulated charges which have been capitalized or made part of the principal of restructured account
  • Unamortized Discount/Premium refers to the unamortized discount/ premium on the account, which shall be debited/credited monthly based on the effective interest method with the corresponding credit/ debit to Interest Income on the account
  • Underwriting and Securities Dealership refers to fees and commissions income from underwriting (or participating in the underwriting of securities) and securities dealership activities
  • Undivided Profits refers to the clearing account for all income and expenses, the balance of which shall be transferred to Retained Earnings – Free account at the end of the accounting period after taking up all other charges and/or credits that may be appropriately cleared through this account
  • Unearned Income refers to Advanced Rentals on Bank Premises, ROPA and Equipment, Rentals on Safe Deposit Box, and Other Unearned Income
  • UDSCL refers to debt securities, with fixed or determinable payments that are not quoted in an active market
  • USD refers to the amortized cost of obligations arising from the issuance of unsecured subordinated debt, which may be eligible as Tier 2 (supplementary) capital of the bank, subject to certain terms and conditions
  • USD, net refers to USD less Unamortized Debt Discount/Premium

 

1 Based on the framework under Circular No. 280 dated 29 March 2001 which was formally adopted on 1 July 2001.  Effective 1 July 2003, the CAR of Universal and Commercial Banks (U/KBs), is based on combined credit and market risks assets under Circular No. 360dated 3 December 2002. The capital adequacy framework, covering U/KBs and their subsidiary banks and quasi-banks, was revised under Circular No. 538 dated 2 June 2006 and was formally adopted on 1 July 2007.  The CAR computation for Thrift, Rural and Cooperative Banks andQuasi-Banks that are not subsidiaries of U/KBs continue to be governed by Circular No. 280 and Circular No. 400 dated 1 September 2003.

2 Based on BSP Circular No. 772

Updated as of 13 February 2013
References: Financial Reporting Package Manual of Accounts
Supervisory Data Center, Supervision and Examination Sector

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