|Trust Fee||0.7500% per annum payable to the Trustee, BPI AMTC|
|Custodianship Fees||0.0084% payable to the Third-Party Custodian of the Fund, Bank of New York Mellon|
|External Auditor Fee||0.0082% payable to the External Auditor of the Fund, Isla Lipana & Co.|
|Broker's Fee||0.0300% payable to the brokers / dealers for the buying / selling of shares / units of the Target Fund|
|Total||0.7966% (at least, if other expenses like taxes are not included)|
|Unit Classes||Class A (USD Class)||Class P (Philippine Peso Class)|
|Minimum Initial Investment||USD 1,000||PHP 50,000|
|Minimum Transaction Amount||USD 500||PHP 10,000|
If I invest in Unit “Class P” and the general consensus is stronger or weaker USD against major currencies, how will this affect me as an investor?---
As a Unit “Class P” investor, should the US Dollar strengthen against the Philippine Peso, you stand to benefit on stronger US Dollar due to unrealized foreign exchange gains. On the other hand, should the US Dollar weaken against the Philippine Peso, you may experience additional volatility due to unrealized foreign exchange losses.
Note, however, that the NAVPU of the unit classes also reflects the daily marking-to-market of the underlying investments of the target fund. As such, we emphasize that clients are not encouraged to subscribe into the BPI Invest US Equity Index Feeder Fund Unit “Class P” to hedge foreign exchange risk. Unit “Class P” was designed primarily to provide convenient access to global outlets for investors with Philippine Peso.
For transactions in foreign currencies other than US Dollar, the amount will first be converted to US Dollar before being converted to its Philippine Peso equivalent.I'm certain that before I left the country, I knew their 3.525% fee and there was no mention of converting from other currencies to USD, then to PHP. Whether this was intentionally done to screw their users over or not, this changed my opinion of ever using Citi Cards for Forex Txns, especially that I'm out of the country and rely on cheap exchange rates.
USAsubmitted by Markets-Cube to u/Markets-Cube [link] [comments]
US stocks rose on the first day of the fourth quarter after the US and Canada finished last minute at the end of Sunday to revise the North American Free Trade Agreement. The Dow Jones Industrial Average rose by 192.90 points, or 0.7%, to 26651.21, increasing advances after the publication of its largest figure for the quarter of the year. The S&P 500 climbed 10.61 points, or 0.4%, to 2,924.59, stopping almost to a record level, while the Nasdaq Composite fell 9.05 points, or 0.1%, to 8,037.30, which caused by losses in a number of biotech stocks.
Oil for November deliveries rose by 2.05, or 2.8%, to 75.30 per barrel on the New York Mercantile Exchange, reaching the highest level since November 2014 and releasing the multi-year peak for the first time since June. Brent crude, the global benchmark, added 2.25, or 2.7%, to 84.98, and reached a nearly four-year high. Rates that large manufacturers, such as Saudi Arabia, will not be able to easily fill the supply gap, pushed both US and global prices by about 25% per year.
The Canadian dollar soared on the news: one dollar last bought C 1.2799 versus C 1.2911 on Friday evening in New York. The Mexican peso was trading at the strongest level against the dollar. The dollar received 18,724 pesos in recent trade, compared with 18.7135 pesos. The US dollar index ICE, rose 0.2% to 95.279. The dollar rose to Y113.95 versus Japanese yen from Y113.69. The euro is trading at 1.1578, compared with 1.1616 on Friday. The dollar has slightly changed compared to the major competitors after the Institute for Industrial Supply Industrial Supply Index fell to 59.8% in September from 61.3%.
The Japanese Nikkei drove to a weaker yen to a 27-year close high, and trade problems were postponed in Taiwan, as this market scored a maximum of 1 month. The worst market was the Philippines, which is 1% below the September minimum by 7.4%, which is the most in two years. The Nikkei rose 0.5%, while the Kospi index in Korea fell 0.2%. S&P BSE Sensex rose 0.8% to 36,526.14. Shares of the bank led to growth, while the bank "Yes" jumped by 9.7%, and the State Bank of India and ICICI Bank rose by 3%. Taiex rose 0.4% to 11051.80, the highest close since August 31. Lens manufacturer Largan Precision, which fell 23% in September.
Read more: https://www.facebook.com/294693984421347/photos/a.295490831008329/328674587689953/
|Department of Education||17.69%||$50,500,000,000.00|
|Department of Health||13.49%||$38,500,000,000.00|
|Department of National Defense||9.02%||$25,750,000,000.00|
|Defense Research & Procurement||1.35%||$3,862,500,000.00|
|Department of Public Works and Highways||9.55%||$27,250,000,000.00|
|Department of Social Welfare and Development||7.53%||$21,500,000,000.00|
|Department of Science and Technology||7.53%||$21,500,000,000.00|
|Department of Interior and Local Government||5.08%||$14,500,000,000.00|
|Department of Agriculture||3.85%||$11,000,000,000.00|
|Department of Transportation and Communications||3.33%||$9,500,000,000.00|
|Department of Finance||2.63%||$7,500,000,000.00|
|Department of Environment and Natural Resources||2.63%||$7,500,000,000.00|
|Energy Transition Plan||5.87%||$16,749,000,000.00|
|Sulu, Friendship, and Solomon Tunnels||6.02%||$17,198,571,428.00|
|National Battery Banks||2.63%||$7,500,000,000.00|
|Foreign Exchange Reserve Deposit||1.80%||$5,149,692,203.46|
$1,660,000,000 to South Africa for purchase of goldNew foreign exchange reserves: $54,472,379,969
Maximum Gold reserves: 2223.8 tonsThese two values exist in an undefined equilibrium due to the gold standard. Some portion of the printed PHP is temporarily out of circulation after being exchanged for gold, and likewise some portion of the gold reserves is currently circulating in the economy. With growing forex reserves and no balance of payments crisis in the foreseeable future, it is unimportant to establish the exact figures.
Maximum M0 : 4,440,687,887,000 PHP
"The PSPK gold stash was substantial, and it is far from the only large stash of gold hidden away in the Philippines. A series of specific individuals or their descendents with ties to the Marcos regime will be approached by our intelligence services to offer partial legalization of their illicit funds - American bearer bonds excepted - in exchange for the physical gold in the next few years. While I will not embarrass myself with an estimate, I will say that I am optimistic about the potential for this program."
|Department of Education||18.03%||$49,000,000,000.00|
|Department of Health||13.61%||$37,000,000,000.00|
|Department of National Defense||9.20%||$25,000,000,000.00|
|Defense Research & Procurement||1.38%||$3,750,000,000.00|
|Department of Public Works and Highways||9.66%||$26,250,000,000.00|
|Department of Social Welfare and Development||7.63%||$20,750,000,000.00|
|Department of Science and Technology||7.36%||$20,000,000,000.00|
|Department of Interior and Local Government||5.15%||$14,000,000,000.00|
|Department of Agriculture||3.86%||$10,500,000,000.00|
|Department of Transportation and Communications||3.31%||$9,000,000,000.00|
|Department of Finance||2.67%||$7,250,000,000.00|
|Department of Environment and Natural Resources||2.67%||$7,250,000,000.00|
|Energy Transition Plan||6.16%||$16,749,000,000.00|
|Sulu, Friendship, and Solomon Tunnels||6.33%||$17,198,571,428.00|
|National Battery Banks||2.76%||$7,500,000,000.00|
|Foreign Exchange Reserve Deposit||0.23%||$612,722,703.83|
$1,660,000,000 to South Africa for purchase of goldNew foreign exchange reserves: $50,922,687,765
Maximum Gold reserves: 2117.9 tonsThese two values exist in an undefined equilibrium due to the gold standard. Some portion of the printed PHP is temporarily out of circulation after being exchanged for gold, and likewise some portion of the gold reserves is currently circulating in the economy. With growing forex reserves and no balance of payments crisis in the foreseeable future, it is unimportant to establish the exact figures.
Maximum M0 : 4,229,226,559,000 PHP
|Department of Education||18.38%||$47,500,000,000.00|
|Department of Health||13.83%||$35,750,000,000.00|
|Department of National Defense||9.29%||$24,000,000,000.00|
|Defense Research & Procurement||1.39%||$3,600,000,000.00|
|Department of Public Works and Highways||9.77%||$25,250,000,000.00|
|Department of Social Welfare and Development||7.74%||$20,000,000,000.00|
|Department of Science and Technology||7.45%||$19,250,000,000.00|
|Department of Interior and Local Government||5.22%||$13,500,000,000.00|
|Department of Agriculture||3.87%||$10,000,000,000.00|
|Department of Transportation and Communications||3.29%||$8,500,000,000.00|
|Department of Finance||2.71%||$7,000,000,000.00|
|Department of Environment and Natural Resources||2.71%||$7,000,000,000.00|
|Energy Transition Plan||6.48%||$16,749,000,000.00|
|Sulu Tunnels and Friendship Tunnel||5.65%||$14,598,571,428.00|
|National Battery Banks||1.93%||$5,000,000,000.00|
|Foreign Exchange Reserve Deposit||0.28%||$728,036,294.67|
$1,660,000,000 to South Africa for purchase of goldNew foreign exchange reserves: $51,969,965,061
$14,500,000,000 for geothermal plant renovations
$2,500,000,000 for National Battery Banks program
Maximum Gold reserves: 2017.1 tonsThese two values exist in an undefined equilibrium due to the gold standard. Some portion of the printed PHP is temporarily out of circulation after being exchanged for gold, and likewise some portion of the gold reserves is currently circulating in the economy. With growing forex reserves and no balance of payments crisis in the foreseeable future, it is unimportant to establish the exact figures.
Maximum M0 : 4,027,834,818,000 PHP
"The National Battery Bank network is more than just another piece of infrastructure, and should be viewed as a store of value. Over time we anticipate that an energy-based currency will arise due to the universal applications of electricity, and the Philippines will be at the forefront of developing modular technologies for storage and trade of this commodity."
View Foreign Exchange Rates. Other Rates. Foreign Exchange Rates; Peso / FCDU Interest Rates; PSE Composite Index; Banking Security Reminders. Read our helpful advisory when it comes to E-Banking, Phishing and Credit Card Fraud. Electronic Banking ; Phishing Attacks; Credit Card Fraud; Follow Us. Address : Philippine National Bank Financial Center Pres. Diosdado Macapagal Boulevard, Pasay City ... Address : Philippine National Bank Financial Center Pres. Diosdado Macapagal Boulevard, Pasay City, Philippines 1300. Trunkline : (632) 8526-3131 to 70 8891-6040 to 70. E-mail: [email protected] 1. All Forex sales by BPI are subject to client's submission of a duly accomplished Foreign Exchange Transaction Form and supporting documents, as applicable, and compliance with applicable Forex regulations, among others. 2. The rates reflected here are indicative only and may change without prior notice. Rates are quoted in Philippine Peso. 3 ... Robinsons Bank Corporation is regulated by the Bangko Sentral ng Pilipinas (BSP). For any concerns, you may contact us at: (02) 8637-2273 and [email protected] BSP Financial Consumer Protection Department: (02) 8708-7087 and [email protected] Foreign Exchange, FOREX, FX Rates updated everyday. Philippine Peso and USD Currency Terms. Download latest Foreign Exchange Rates. This currency rates table lets you compare an amount in Philippine Peso to all other currencies. Skip to Main Content ... Home; Currency Calculator; Graphs; Rates Table; Monthly Average; Historic Lookup; Home > Philippine Peso Exchange Rates Table Philippine Peso Exchange Rates Table Converter Top 10 Nov 10, 2020 16:22 UTC. Philippine Peso 1.00 PHP inv. 1.00 PHP ; US Dollar: 0.020652: 48 ... Central Bank of the Philippines (BSP) Foreign Exchange Rate for Conversion of US Dollars and other major currencies to Philippine Pesos Exchange Rates from the Banko Sentral ng Pilipinas Home Forum Forex Rates Archived Editorials Contact Us Donate
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