We have an extensive portfolio of Treasury products and services from the sale of fixed income securities, such as corporate bonds and government securities, to sophisticated, financially-engineered products that can help clients fulfill their varied financial goals and requirements.
These are short-term securities with a maturity of one (1) year or less and are non-interest bearing instruments. A non-interest bearing instrument but issued on a discount from face value and is redeemable upon maturity of 100% face value. The amount of the discount and the length of time the bills are held before they mature imply some specific yield or return to the investor. These instruments are direct, unconditional and fully guaranteed obligations of the National Government. Treasury Bills are subject to the prevailing 20% withholding tax.
SBA provides foreign exchange services to both individuals and businesses. The Bank offers
Depending on the clients’ transaction, specific documentary requirements per BSP Manual of Regulations for Foreign Exchange Transactions will be required.