| | | Transfers | | Swaps | | Shifts |
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a. | Maximum Allowable Quantity | | The maximum quantity to be transferred is 30% of firm's EQ holdings | | The quantity to be swapped may be up to 100% of firm's EQ holdings under the category concerned. | | The allowable percentages on EQ holdings based on the RP-US Bilateral Agreement with prior approval of the Board unless the latter decides otherwise. |
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b. | Disqualification Provision | | Transferors are disqualified to bid in the category where the transfer is made within 60 days from date of transfer. | | Disqualification provisions on transfer applies. | | Disqualification to shift is a matter for consideration of the Board. |
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c. | Restoration | | Restoration to transferors in the following year to the extent of quantity performed by the transferee. | | Restoration to the source category/firm to the extent of quantity performed by the firm. | | Restoration based on actual quantity performed. |
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d. | Forfeiture | | 50% forfeiture/ penalty based on the lower quantity transferred for two (2) consecutive years.
| | Penalty provision on transfer applies. | | Penalty provision not applicable. |
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e. | Surrender | | Transferred quantity may be surrendered without monetary penalty within30 days from date of transfer, However, no restoration to the transferor. | | Surrender provision on transfer applies. | | Surrender provision on transfer applies. |
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f. | Non-Utilization | | The transferee shall be liable to pay the the monetary penalty of PO. 12/SME of quantity unperformed in accordance with the rules. | | The recipient shall be liable to pay the monetary penalty of PO. 12/SME of quantity unperformed in accordance in the rules. | | The holder shall be liable to pay the monetary penalty of PO. 12/SME of quantity unperformed in accordance with the rules. |
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g. | Others | | A transferred quantity cannot be re-transferred but can be shifted. | | A swapped quantity cannot be re-swapped. | | A shifted quantity can be transferred provided the forfeiture provision on 2 consecutive years on transfers shall apply to the original category before the shift. |
| | | No monetary consideration shall be involved in the transfer. | | No monetary consideration shall be involved in the swap arrangement transfer. | | ____________ |
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h. | Service/ Processing Fee | | Service fee of PO 06/SME of quantity | | P200 per transaction per party. | | P200 per transaction, transferred. |
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i. | Time Limit | | 72 hours from date of filing. | | 72 hours from date of filing. | | 72 hours from Board approval. |