Our Treasury Group manages the liquidity and funding requirements of the Company and the distribution of financial instruments such as government securities and corporate papers. For 2003, we were instrumental in the highly successful distribution of the retail Treasury Bonds of the Philippine government. We remain as a dominant selling agent in government rTB offer.

Products & Services
Products Treasury Bills Treasury Notes/Bonds Long Term Commercial Papers Promissory Notes
Features


 


 

 Original maturities: 91, 182 and 364 days Original maturities: 2, 5, 7, 10 and 20 years Peso long-term borrowings by prime Philippine corporations licensed by the SEC Generally short-term: 40 to 60 days
Minimum investment: Php 1M Minimum Investment: Php1M Minimum placement: Php1M Yield comparable to commercial papers
Interest paid in advance Interest paid semi-annually in arrears Coupons paid quarterly or semi-annually Interest paid in arrears
Final withholding tax of 20% Final withholding tax of 20% Terms offered are usually up to the next repricing date  
Advantages Full and unconditional guarantee of the national government Full and unconditional guarantee of the national government Withholding tax of 20%  
First Metro shall purchase at market securities sold to clients First Metro shall purchase at market securities sold to clients    
Competitive rates of interest Competitive rates of interest    
Documentation Confirmation of sale without recourse with custodianship agreement Confirmation of sale without recourse with custodianship agreement Confirmation of sale without recourse with custodianship agreement  

   Please click here for Account Opening Requirements for new FMIC Clients/Investors.

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