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(NAR) VOL.8 NO. 4 / OCTOBER - DECEMBER 1997

[ IC CIRCULAR LETTER NO. 12-97, October 15, 1997 ]

BUREAU OF THE TREASURY'S (BTR'S) OFFER OF 15% DISCOUNT ON SUBSCRIPTION FEE TO ALL REGISTRY OF SCRIPTLESS SECURITIES (ROSS) SUBSCRIBERS



Attached for your information and guidance is a copy of Memorandum to all RoSS subscribers dated October 15, 1997 signed by Ms. Caridad Valdehuesa, Treasurer of the Philippines, BTr, regarding the 15% discount being offered effective January 2, 1998 to RoSS subscribers who pay their subscription fee for the entire year in advance.

Adopted: 21 Oct. 1997


(SGD.) EDUARDO T. MALINIS
Insurance Commissioner

Attachment:

Memorandum

Effective next year, January 2, 1998, RoSS Subscribers who pay their subscription fee for the entire year in advance will get a 15% discount as follows:

Account



Annual Fee


Less 15% Discount
Principal/Sub-Account Securities Account for GSED's (Ps 6,000.00/mo. x 12)
Ps 72,000.00
Ps 61,200.00
Principal Securities Account for Secondary Market Dealers licensed by SEC (Ps 3,000.00/mo. x 12
36,000.00
30,600.00
Client Securities Account (Ps 1,000.00/mo. x 12)
12,000.00
10,200.00

Kindly notify RoSS in advance if you are availing of the offer.

Adopted: 15 Oct. 1997


(SGD.) CARIDAD VALDEHUESA
Treasurer of the Philippines
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