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BSP Memorandum No. 41 (2026)

Use of BSP Loading Bays and Other Designated Areas as Alternative Venues for Cash Service Alliance Currency Exchanges

BSP Memorandum · August 5, 2026


BANGKO SENTRAL NG PILIPINAS

MEMORANDUM No. 2026-041

ALL AUTHORIZED AGENT BANKS (AABs)

Use of BSP Loading Bays and Other Designated Areas as

Alternative Venues for Cash Service Alliance Currency

Exchanges

The Regional Operations Sub-Sector hereby advises all partici atin AAB

that the loading bays and other designated areas within BSP reinises in a be

utilized as alternative venues for Cash Service Alliance ICSA) - matched fit currency

exchanges. subject to prior coordination with the BSP ROB concerned and

compliance with applicable BSP operational and security protocols.

The use of BSP loading bays and other designated areas is intended to

facilitate CSA transactions. particularly where participating AABs encounter

security or logistical constraints in conducting fit currency exchanges. As

participating AABs regularly conduct currency transactions within BSP reinises.

the loading bays and other designated areas provide a secure and convenient venue

for the conduct of CSA transactions. Moreover. AABs with scheduled transactions

with the concerned BSP ROB may concurrently schedule their CSA exchan es with

their regular currency deposits and withdrawals, thereby optimizing trans ortation

resources and reducing operating expenses.

CSA transactions conducted within BSP premises shall remain strictl bank-

to-bank transactions. The participating AABs shall retain sole custod ,

accountability, and absolute responsibility over the exchanged currency, The BSP

shall neither validate, count. verify, nor certify the currency involved. and shall not

assume anyliability for any claims. losses, or disputes arising from such transactions,

The operational procedures governing the use of BSP premises as venues for

SA ransactions are provided in Annex A (for BSP reater Manila Regional Off

and Annex B (for BSP Provincial Regional Offices and Branches). The prescribed

request form is attached as Annex C.

For guidance of the AABs.

To

Subject

REGIONAL OPERATIONS AND ADVOCACY SECTOR

.

5 August 2026

Atts: a/s

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BERNAD

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edure for Participating Banks' Use of BSP Loading Bays for the Delive

of CSA-Matched Transactions in the CMRO

The transaction has been autonomously matched in the CSA portal or manualI

matched by the Cash Service Alliance Staff (CSASj

2. The Source Bank IsB) and Client Bank (CB) representatives and armored

vehicles are duly authorized to enter the BSP premises.

3. The CSA matched transaction has been settled' through the preforred mode of

settlement.

I.

Both the SB and CB shall submitthe BanksRequest^, ruse of Loading Be Form

IAnnex A1 via email I The accomplished form must be signed

by an authorized bank officer and received by the CSAS not later than 200 PM

of Day I,

The request shall be forwarded to the Bank Officer V. CSAS. for approval. Upon

approval, the same shall be forwarded to the concerned banks for their

reforence. In the event that the loading bay is riot available on the re uested

schedule, the CSAS shall coordinate with the concerned banks to arran e an

alternative schedule acceptable to all parties.

3. The CSAS shall coordinate with the Payment Processing Division IPPD) on the

submission of entry permits by the concerned banks. Said permits shall be

submitted to the PPD not later than 3:00 PM of Dayl.

I,

2.

ANNEX A

I. Both the SB and CB representatives and armored vehicles shall arrive at the BSP

premises at the time specified in the approved request form Use of the loading

bays shall be from 9:00 AM to 4:00 PM only. All banks using the loading bays for

CSA transactions must be at the BSP premises riot later than 2:30 PM.

2. The CSAS shall facilitate and coordinate with the Security Services Department

regarding the ingress and egress of the banks at their assigned loading bay and

shall record the arrival and departure time of both parties in the CSA Dally

Exchangeschadu/eIC'SA-DES)IAnnex aj.

The SB's armored vehicle and authorized bank representative(s) shall proceed

to the assigned loading bay and drop-off the currency. Upon completion of the

drop off. the armored vehicle shall exit the loading bay, leaving at least one 11)

authorized bank representative to safeguard the currency.

3.

Classification: GENERAL

Unless the parries have agreed to settle the transactlon upon the completion of currency exchan e.

.

.

.

4. Upon the advice of the SB representative and/or the BSP personnel, the CB's

armored vehicle and authorized bank representative(s) shall then proceed to

the same loading bay and pick up the requested currency from the SB. The CB's

authorized representative(s) may conduct a bag, bundle, wrapper and/or piece

count of the currency. Since the eXchange transaction is solely between the CB

and SB, BSP personnel shall riot validate, count, verify, or certify the currency

exchanged.

Any disputes arising from the transaction shall be governed by the Revised CSA

Guidelines and shall be settled by the transacting banks.

6. The CSAS shall secure the signatures of both SB and CB representatives on th

CSA-DES to document and confirm completion of the transaction.

5.

Classification: GENERAL

edure for Participating Banks' Use of BSP Loading Bays for the Delive

of CSA-Matched Transactions in the Provincial ROBS

The transaction has been autonomously matched in the CSA portal or manual I

matched by the Currency Operations D'vision (COD)

2. The Source Bank IsB) and Client Bank ICB) representatives and armored

vehicles are duly authorized to enter the BSP premises.

3. The CSA matched transaction has been settled' through the reforred mode f

settlement.

I.

Both the SB and CB shall submitthe BanksRequest/brUseofLoadin Be Form

IAnnex A1 via email nun^p^phi. The accomplished form must be signed

by an authorized bank officer and received by the BSP ROB riot later than 2:00

PM of Day I.

2. The request shall be forwarded to the COD Manager for approval. Upon

approval. the same shall be forwarded to the concerned banks for their

reference. In the event that the loading bay is riot available on the re uested

schedule, the Paying Teller (PT) orAssistant Manager (AM) shall coordinate with

the concerned banks to arrange an alternative schedule acceptable to all

parries.

The PT/AM shall coordinate with the Physical Security Division (PSD) and/or

Electronic Security Staff IESS) on the submission of entry permits by the

concerned banks, Said permits should be submitted to PSD and/or ESS riot later

than 3:00 PM of Day I.

3.

ANNEX B

I* Both the SB and CB representatives and armored vehicles shall arrive at the BSP

premises at the time specified in the approved request form, Use of the loadin

bays shall be from 900 AM to 4:00 PM only. All banks using the loadin ba s for

CSA transactions must be at the BSP premises riot later than 2:30 PM.

The PT/AM shall facilitate and coordinate with the PSD regarding the in ress

and egress of the banks at their assigned loading bay and shall record the arrival

and departure time of both parties in the CS4 Daily EXchange Schedule ICSA-

DESKAnnex B}.

3. The SB's armored vehicle and authorized bank representative(s) shall roceed

to the assigned loading bay and drop-off the currency at the curren receivin

2.

Classification: GENERAL

Unless the parties have agreed to settle the transaction upon the completion of curron h

,

,

. .

and releasing area. Upon completion of the drop-off, the armored vehicle shall

exit the loading bay, leaving at least one (1) authorized bank representative to

safoguard the currency.

4. Upon the advice of the SB representative and/or the BSP personnel, the CB's

armored vehicle and authorized bank representative(s) shall then proceed to

the sameloading bay and pick up the requested currency from the SB. The CB's

authorized representative(s) may conduct a bag. bundle. wrapper and/or piece

count of the currency. Since the eXchange transaction is solely between the

client bank and source bank, BSP personnel shall riot validate, count, verify, or

certify the currency exchanged.

5. Any disputes arising from the transaction shall be governed by the Revised CSA

Guidelines and shall be settled by the transacting banks.

6. The PT/AM shall secure the signatures of both SB and CB representatives on the

CSA-DES to document and confirm completion of the transaction.

Classification: GENERAL

REquEsr FOR THE USE OF BSP LOADING BAY FOR CSA TRANSAcrioNs

[BSP Regional Office/Branch]

ICroup/Divisionl Date of Request: Requesting Bank's Role: Name of Source Bank Cash Hub: Name of Client Bank Cash Hub Date of Matching: Preforred Date of EXchange: Preforred Time of EXchange: Banknotes 1000-Piso 500-Piso 200-Piso 100-Piso 50-Piso 20-Piso TOTAL Denomination Coins 20-Piso 10-Piso 5. Piso I-Piso 25-Sentimo 5-Sentimo I-Sentimo TOTAL AN N Ex c Denomination GRAND TOTAL in Bundles Req uested by: Approved by: Amount INAME OF BANK PERSONNEL IDesignationl [Bank Name] INAME OF CSAS/^OD HEAD tDesignation I IBSP Regional Office/Branchl Amount

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