Note: Please call for firm offer rates/price. Rates are subject to taxes and fees.
Fixed Income Securities are obligations of issuers to pay investors a regular and fixed amount of cashflows (i.e. coupon interest) over a period of time wherein the face amount invested (i.e. principal amount) is paid back to the investor at the end of term. Investors can enjoy the benefits of having a stable source of passive income over a certain period of time. Fixed Income Securities are sometimes referred to as debt securities or bonds.
Medium to long term sovereign investments that can provide steady income payout while securing your principal investment by the issuer or the Philippine Government. This is ideal if you are looking for a dependable income higher than the regular Time Deposit. It is relatively a safe investment and yet allows you to diversify your investments.
| Treasury Bill (TBILL) |
Short-term investment securities issued by the Philippine Government through the Bureau of Treasury (BTr) which represent obligations of the Republic of the Philippines. Generally, the BTr auctions T-Bills with maturities ranging from 1 month, 3 months, 6 months and 1 year maturities. |
| Retail Treasury Bond (RTB) |
Medium to long-term investment securities issued by the Philippine Government through the Bureau of Treasury (BTr). Proceeds of the issuance are used to fund various government projects and programs. |
| Fixed Rate Treasury Note (FXTN) |
Similar to RTBs, FXTNs are medium to long-term investment securities issued by the Philippine Government through the Bureau of Treasury (BTr). But unlike RTBs, the minimum investment for FXTN is Php 10,000.00 |
Documentary Requirements:▲
| Individual Investor : |
Corporate Investor : |
- Client Suitability Assessment Form (CSAF) (Not required with tenor of 7 years and below)
- Risk Disclosure Statement (RDS)
- Bond Order Form (BOF)
- Investor's Undertaking (IU)
- Notarized GS Special Power of Attorney (SPA)
|
- Client Suitability Assessment Form (CSAF) (Not required with tenor of 7 years and below)
- Risk Disclosure Statement (RDS)
- Bond Order Form (BOF)
- Investor's Undertaking (IU)
- Notarized GS Special Power of Attorney (SPA)
- Notarized Secretary's Certificate for Fixed Income Transactions
|
Note : Additional documents may be required to execute the deal
| Dollar/Foreign Currency Sovereign Bonds |
Medium to long-term investment securities issued by governments denominated in US Dollars or other foreign currencies. These represent obligations of the issuing governments. Investors, however, would also be exposed to the potential benefits and risks associated with foreign exchange fluctuations. |
Documentary Requirements:▲
| Individual Investor : |
Corporate Investor : |
- Client Suitability Assessment Form (CSAF)
- Risk Disclosure Statement (RDS)
- Bond Order Form (BOF)
- Notarized NoCD Special Power of Attorney (SPA)
|
- Client Suitability Assessment Form (CSAF)
- Risk Disclosure Statement (RDS)
- Bond Order Form (BOF)
- Investor's Undertaking (IU)
- Notarized NoCD Special Power of Attorney (SPA)
- Notarized Secretary's Certificate for Fixed Income Transactions
|
Bonds that are medium to long term negotiable instruments issued by Corporations registered with SEC.
| Peso Corporate Bond |
Medium to long-term investment securities issued by SEC-Registered Philippine corporations. These securities represent obligations of the issuing company. Proceeds from the issuance would be used for various cash requirements of the issuer. |
| Dollar Corporate Bond |
Medium to long-term investment securities issued by corporations denominated in US Dollars or Foreign Currencies. These securities represent USD/Foreign Currency obligations of issuing companies. Investors would be exposed to the potential benefits and risks associated with foreign exchange fluctuations. |
Documentary Requirements:▲
| Individual Investor : |
Corporate Investor : |
- Client Suitability Assessment Form (CSAF)
- Risk Disclosure Statement (RDS)
- Bond Order Form (BOF)
- Notarized NoCD Special Power of Attorney (SPA)
|
- Client Suitability Assessment Form (CSAF)
- Risk Disclosure Statement (RDS)
- Bond Order Form (BOF)
- Investor's Undertaking (IU)
- Notarized NoCD Special Power of Attorney (SPA)
- Notarized Secretary's Certificate for Fixed Income Transactions
|
Fixed Income Products Comparison
| Product |
Issuer |
Term |
Interest Payment |
Liquidity |
| Treasury Bill (TBILL) |
Philippine Government |
1 year and below |
In-Advance |
High |
| Retail Treasury Bond (RTB) |
Philippine Government |
3-25 years |
Quarterly |
High-Medium |
| Fixed Rate Treasury Note (FXTN) |
Philippine Government |
3-25 years |
Semi-Annually |
High-Medium |
| Peso Corporate Bond |
SEC-Registered Philippine Corporations |
5-15 years |
Quarterly or Semi-Annually |
Medium-Low |
| Dollar Sovereign Bond |
Philippine Government or other Foreign Government |
5-25 years |
Quarterly or Semi-Annually |
Medium-Low |
| Dollar Corporate Bond |
Philippine Corporation or other Foreign Corporations |
5-25 years |
Quarterly or Semi-Annually |
Low |
|
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Disclaimer/Disclosure: The views and information expressed in this WEBSITE by EWBC – Securities, Derivatives and FX Distribution & Sales (SEDEX) Group are based on sources deemed reliable but may be subject to change without prior notice. This material is strictly for information purposes only and does not constitute a recommendation or an offer to sell or a solicitation to buy any financial product. Prior to making an investment, clients go through Suitability Assessment to make sure that products are suitable to their needs and risk appetite. Risks in investing are explained by the Group to ensure that CLIENT understands that the returns of such investments are not guaranteed and therefore may fluctuate in value. YOUR PRINCIPAL AND EARNINGS FROM THE INVESTMENTS CAN BE LOST IN WHOLE OR IN PART WHEN MARKET CONDITIONS ARE NOT FAVORABLE. We strongly recommend that the CLIENT seek professional investment advice and exercise due diligence prior to executing any investment in any fund. EWBC – SEDEX Group will not be held responsible for any loss that may arise (whether direct or consequential) from the use of the information contained in this website.
For further queries, please feel free to visit any EastWest Store or call EastWest SEDEX Office: 8575-3888 local 8684 and 3770
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