ANNEX A

List of Banks with Special Functions

• Banks with Additional Derivatives Authorities
I. Additional Derivatives Authority granted under BSP Circular No. 594 dated 8 January 2008
(As of 30 September 2008)

1. METROPOLITAN BANK AND TRUST COMPANY

A. TYPE 2 – Limited Dealer Authority, WITH CONDITIONS

Type of Underlying Date Approved Remarks

Derivatives References
Forwards FX 5 August 2008
Interest Rate 5 August 2008
Swaps FX 5 August 2008
Interest Rate 5 August 2008
Credit 5 August 2008 Only Credit Default Swaps
with underlying assets limited
to sovereign bonds and
corporate bonds rated at least
“A” or its equivalent.

2. SECURITY BANK CORPORATION

A. TYPE 2 – LIMITED DEALER AUTHORITY, WITH CONDITIONS

Type Underlying Date Approved Remarks

References
Forwards FX 13 August 2008 -
Interest Rate 13 August 2008 -
Swaps FX 13 August 2008 -
Interest Rate 13 August 2008 -
Options FX 13 August 2008 Limited to European Options
and excluding barrier options
Interest Rate 13 August 2008 Limited to European Options
(including and excluding barrier options
bonds)

B. TYPE 3 – LIMITED USER AUTHORITY

Type Underlying Date Approved Remarks

Credit- Credit 13 August 2008 With underlying assets limited
Linked to sovereign bonds and
Notes corporate bonds rated at least
“A” or its equivalent
Range Interest Rates 13 August 2008
Accrual
 ANNEX A
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II. Expanded Derivatives Authority granted PRIOR to BSP Circular No. 594 but due to expire by
30 January 2009 (As of 30 September 2008)

Universal Banks

1 Bank of the Philippine Islands

2 Banco de Oro Unibank, Inc.
3 ING Bank N.V. – Manila Branch
4 Standard Chartered Bank
5 The Hongkong and Shanghai Banking Corporation, Ltd.
6 Union Bank of the Philippines

Commercial Banks

1 ABN-AMRO Bank, Inc.

2 ANZ Banking Group, Ltd.
3 BDO Private Bank, Inc.
4 Bank of America, N.A.
5 Chinatrust (Phils.) Commercial Bank Corporation
6 Citibank, N.A. (Phils.)
7 Deutsche Bank AG
8 JP Morgan Chase Bank, N.A.
9 Mizuho Corporate Bank, Limited - Manila Branch
10 Bank of Tokyo-Mitsubishi, UFJ, Ltd.-Manila Branch