March 13, 2020

To: All SESLA Members

DECLARATION OF RETURN ON CAPITAL CREDITS (“RCC”)

After the mandatory review and evaluation of our proposed RCC rates for the year 2019 by the Bangko Sentral ng Pilipinas, the approval of which we only received on 29 February 2020, thus, finally allowing the announcement of RCC declaration below:

Rate

During its January 21, 2020 meeting, the Board of Trustees resolved to declare RCC at 7.0% p.a. on the average daily balance of each member’s prescribed maximum total amount of fixed and buffer capital contribution balance of P110,000.00 for the period January 1 to December 31, 2019.

The capital contribution held in excess of the prescribed maximum fixed and buffer capital contribution of P110,000.00 shall be given a 2.5% p.a. RCC based on the average daily balance for the period January 1 to December 31, 2019.

On Distribution

Timeline and mechanics of RCC distribution will be the subject of a separate notice.

MILAGROS C. AZANZA
Trustee and President