step 1: after your payments and documents have been submitted to the smdc head office, smdc shall be...

STEP 1:• After your payments and documents

have been submitted to the SMDC head office, SMDC shall be sending via snail

mail or email yourFINAL PAYMENT SCHEDULE or SOP

(with due dates and amounts)

• Begin to prepare to pay your Monthly Amortizations according to the amount and schedule of your SOP via post dated checks

or direct remittance.

NOTE: We suggest to deposit / remit a few days before the due date to avoid clearing issues.

If your payment is via post dated checks, go to STEP 1.A.

If your payment is via direct remittance, go to STEP 1.B.

TIMING of SOP RELEASE: 2 - 3 Weeks after Reservation fee payment and completion of

Reservation documents

STEP 1.AVIA POST DATED CHECKS

• You may open a Philippine Checking Account, if you do not have one already, while waiting for the SOP from SMDC

(see slides 4 to 7 for guide)

•In the event that Checking Account is still in process and payments are already

due, remit monthly amortizations directly to SMDC via Direct Remittance

(see STEP 1.B for the procedure and SMDC account details) until your checks

are ready.

•After your checks have been prepared, submit them to SMDC. Please request for

a pick-up arrangement from your IPS.

STEP BY STEP GUIDE AFTER THE UNIT RESERVATION STAGE

To STEP 1.BTo STEP 2


To STEP 2

STEP 1.BVIA DIRECT REMITTANCE

• Remit / Deposit (through any exchange center) your monthly payments (a few days before the due date) directly to SMDC with

details as follows:

For ALL PROJECTS, except GREEN

ACCT NAME: SM DEVELOPMENT CORPORATIONBANK: BANCO DE OROBRANCH: ONE ECOM BRANCHACCT. NO: 006-280-113-239(for remittances only, for local deposits, use bills payment facility)

For GREEN RESIDENCES

ACCT. NAME: TWENTY TWO FORTY ONE PROPERTIES, INC.BANK: BANCO DE OROBRANCH: ONE ECOM BRANCHACCT. NO: 628-010-5244(for remittances only, for local deposits, use bills payment facility)

• Scan the remittance receipt and email to all addresses below:•[email protected]•[email protected]•[email protected]

STEP 2:• After the 1st monthly amortization has been paid, SMDC will prepare and mail /

parcel your Contract To Sell

TIMING: 3 - 4 Weeks after the payment of the 1st monthly amortization

STEP 4:• Sign and consularize the Contract To Sell (if signed outside the Philippines)

• SMDC will arrange for a pick up of the Contract To Sell after notarization from

your preferred address


STEP 5:• Wait for the client’s copy of the Contract

To Sell after SMDC signatories have signed and notarized the document

TIMING: 5 - 6 Months after return of the Contract To Sell to SMDC

NOTE : This document is a seller initiated purchase guide, SMDC management still has the final decision on timings and policy adjustments. Items on this guide, therefore, are subject to change without prior notice and may vary from client to client.

GUIDE TO OPENING A BDO ASENSO KABAYAN CHECKING ACCOUNT

(to use exclusively for your SMDC property)

INITIAL DEPOSIT: Php5,000 + Php175 (cost of checkbook) = Php5,175.00

STEP 1: Complete the following forms and requirements:

- BDO Client Information Sheet (see next page)- BDO Authorization Letter to Deduct (see next page)- 2 Valid IDs (with signature)- 2 pieces 1X1 photos

STEP 2: Submit original signed forms, ID picture and copies of IDs to SMDC. Email your IPS for a pick up arrangement.

STEP 3: SMDC will process the checking account with BDO wherein BDO will nominate your personal account number (timing: approx 2-3 weeks)

STEP 4: Directly remit Php5,175.00 to the account number assigned to you.

STEP 5: Scan and email proof of remittance (Php 5,175.00) to SMDC

STEP 4: Checkbook will be delivered to your mailing address for your convenience (timing: approx 2-3 weeks)

BDO Authorization Letter to Deduct (sign both)

BDO Client Information Sheet

FOR METROBANK or BPI CHECKING ACCOUNT(open to use for any transaction)

For Metrobank, please contact Mr. Filip Vicente, Metrobank Abu Dhabi or Dubai, UAE at +97155-3350549.

For BPI, please contact Mr. Niel Castro, BPI Abu Dhabi or Dubai, UAE at +97150-4115931

GUIDE TO OPENING A BPI OR METROBANK CHECKING ACCOUNT

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