February 20, 2008 MEMORANDUM NO. SSC-08-12 TO: Deans, Directors and Head of Units SUBJECT: Bank Deposits and Remittances ------------------------------------------------------------------------------- This is to inform you that, except for our existing payroll account, all UPD accounts with the Philippine National Bank (PNB) have already been transferred to the Devellopment Bank of the Philippines (DBP) Commonwealth Branch. In this connection, all deposits and remittances must be made under the following UP Diliman Savings Account Numbers maintained with DBP: UPD Revolving Fund 0-05251-455-7 UPD Trust Fund 0-05253-455-0 For foreign electronic remittances to UPD, kindly inform the payer to indicate the swift code DBPHPHMM in the originating bank form. For your information and strict compliance. SERGIO S. CAO Chancellor