On Dec. 16, PHI CB issued guide re business loan application form.
PHI CB issued guidelines on the specified submission requirements for standard business loan application form (SBLAF) reports for banks and financial institutions.
Follows PHI CB Jul. 2022 issued guide on standard business loan applications, #142310.
Document dated Dec. 16, 2024, received from PHI CB Dec. 18, summarized Dec. 19.
Reporting Timeline
Quarterly and annual SBLAF reports to be submitted electronically within 15 banking days from end of reference period; submissions start from quarter ended Mar. 2025.
Annual report submissions begin from end-Dec. 2025 covering full 2025 SBLAF data.
Submit reports via PRIME system, via BSP relationship management system (BRMS).
Technical Requirements
XML schema definition, control prooflist available in the PRIME report details module.
Generated XML files, scanned control prooflist must be signed by authorized officials.
Non-Bank Requirements
Non-bank entities must complete updated registration forms per relevant memoranda.
Maximum two authorized officers can be registered for PRIME system access; in addition, may use own XML converter or PHI CB-provided facility for report generation.
BRMS submission allowed in cases where machine-to-machine capability unavailable.
Effectiveness
Submissions commence Mar. 2025 for quarterly and Dec. 2025 for annual reports.
Regulators
PHI CB
Entity Types
Corp; MSB
Reference
Gd M-2024-041, 12/16/2024
Functions
Compliance; Financial; Operations; Record Retention; Registration/Licensing; Reporting
