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Sale or purchase of foreign exchange for settlement on the same day. 

Purchase by Security Bank of US Dollars

Amount:	No maximum amount imposed
Restriction:	Foreign exchange may be purchased by Security Bank from clients without restriction. For foreign investors whose foreign exchange are meant for direct &/or portfolio investment, purchase by Security Bank (AAB) makes it eligible for BSP registration. BSP registration (BSRD) allows clients to buy back the original foreign exchange from any authorized agent banks (AAB) for repatriation
Tax Issue :	Subject to doc stamps tax of P0.30 for every P200.00 for inward remittances not credited first to client’s FCDU (547) account
Fees & Settlement:    - Client Pays	Debit client’s USD account with cleared funds – no fee Telegraphic transfers or PDDTS – USD5.00 Bank draft – priced on a case to case basis USD notes – priced on a case to case basis
- Bank Pays	Credit client’s peso account – no fee Manager’s Check payable to client – processing fee

Sale by Security Bank of US Dollars

Amount & Restriction:	Limited to amount indicated in the approved trade or non-trade documents or BSRD, without which a maximum of $5,000 every 15 banking days is imposed, per CB Circular 1389.
Tax Issue :	Subject to doc stamps tax of P0.30 for every P200.00
Fees & Settlement:    - Client Pays	Debit client’s peso account – no fee Manager’s Check payable to Security Bank – subject to approval, no fee Corporate or Personal Check –subject to clearing.
- Bank Pays	Bank Draft – handling fee and commission Dollar Notes – subject to availability Telegraphic Transfer – cable charge, commission, documentary stamps tax

Purchase by Security Bank of Third Currencies
Clients may choose to convert third currencies to either Pesos or US Dollars. Available only for bank clients who maintain peso and dollar accounts with the bank.

Sale by Security Bank of Third Currencies
Clients may pay either in Pesos or US Dollars. Available only for bank clients who maintain peso and dollar accounts with the bank.