(NAR) VOL. 10 NO. 2 / APRIL - JUNE 1999
A. Requirements of regular swapping per Circular Letter No. 31, Series of 1997-1998.The applicant paying the said bond shall be issued with an Authority to Accept Payment addressed to SRA Treasury Division stating therein among others the condition, that, failure of the applicant to replenish the total volume of "A" sugar applied for not later than 31 March 2000, shall cause the forfeiture of the total amount of bond in favor of the SRA, and the Treasury Division upon receipt of the copy of the Authority to Accept-Payment and the bond, shall issue to the applicant the SRA Official Receipt.
B. Advance Swapping Fee — Upon filing of the application, together with the other required documents, the applicant shall pay to the SRA an advance swapping fee of P0.85 per LKg.
C. Payment of Bond — The applicant shall pay a bond of P10.00 per LKg: — bag in the form of personal (non-trader) or company (trader) check with accompanying bank guarantee referring to the Check Number thereof in the name of the SRA, dated 01 April 2000.