9	FINANCIAL DERIVATIVES
	in million U.S. dollars
							2008 p/				Q1				Growth Rate
		ITEM					Jan	Feb	Mar		2008		2007		2008	2007
	FINANCIAL DERIVATIVES						-44	-46	2		-88		-60		-46.7	16.7
		Monetary  Authorities					0	0	0		0		0		0.0	0.0
		General  Government					0	0	0		0		0		0.0	0.0
		Banks					-44	-46	2		-88		-60		-46.7	16.7
		Other sectors					0	0	0		0		0		0.0	0.0
		ASSETS :  Residents' Investments Abroad					-36	-20	-36		-92		-30		-206.7	-36.4
			Monetary  Authorities				0	0	0		0		0		0.0	0.0
			General  Government				0	0	0		0		0		0.0	0.0
			Banks				-36	-20	-36		-92		-30		-206.7	-36.4
			Other sectors				0	0	0		0		0		0.0	0.0
		LIABILITIES : Non-residents' Investments					-80	-66	-34		-180		-90		-100.0	4.3
			in the Philippines
			Monetary  Authorities				0	0	0		0		0		0.0	0.0
			General  Government				0	0	0		0		0		0.0	0.0
			Banks				-80	-66	-34		-180		-90		-100.0	4.3
			Other sectors				0	0	0		0		0		0.0	0.0
	Note:   Balance is derived by deducting assets from liabilities.
	p/ - preliminary