LANDBANK, as an Authorized Agent Bank, can now issue a BSRD document to non-resident investors.
A non-resident investor planning to purchase foreign exchange (FX) from the Philippine banking system for repatriation and remittance of earnings of duly registered investments is required to obtain a Bangko Sentral Registration Document (BSRD).
The BSRD is a document issued by the Bangko Sentral ng Pilipinas (BSP) evidencing the registration of foreign investments of non-residents. The BSRD contains the list of onshore investments by the non- resident investor and enables him to access the FX resources or purchase FX from Authorized Agent Banks (AABs) or forex corps against Philippine Pesos for servicing/settlement of these transactions.
The issuance of the BSRD has been delegated by the BSP to registering AABs.
List of Instruments/Investments that can be registered with Land Bank of the Philippines