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Minimum amount of investment is US$50,000 |
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Document issued to clients is a UCPB Confirmation of Sale (COS)
without recourse |
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Typical maturities of ROPs are from two (2) years to ten (10) years,
although other tenors are issued from time to time |
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The issue price would be the Yield to Maturity (YTM) set by the
Philippine Government |
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Principal is typically paid in one lump sum on maturity date |
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Interest income and discounts are presently not subject to withholding
tax. |
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Interest rate may be fixed for the duration of the security and
is paid semi-annually, based on a 30/360 computation (for coupon payment
period) or it may be floating and repriced semi-annually. |
