BFI (CHAPTER 1)
問題一覧
1
private banking institution
Expanded Commercial Banks/Universal Banks (EKB/UB)
2
these are the example of Thrift Banks (TB)
Savings and mortgage banks (SMB) Private development banking (PDB) Stock savings and loan Association(SSLA)
3
Government banking institutions:
Development bank of the Philippines (DBP) Land Bank of the Philippines (LBP) Philippine Al-Amanah Islamic Investment Bank
4
Non-Bank Financial Institution
Investment houses Investment banks Mutual funds Pawnshop Lending investors
5
is any commercial bank, which performs the investment house function in addition to its commercial banking authority. It may invest in the equities of allied or non allied enterprises Allied enterprises may either be financial or non financial.
Universal Banks (UB)
6
is any commercial that is confined only to commercial bank function such accepting drafts and issuing letters of credit, discounting and negotiating promissory notes, drafts and bills of exchange and other evidencing of debt, accepting or creating demand deposits receiving other types of deposits substitute, buying and selling foreign exchange, and gold or silver bullions, acquiring marketable bonds and other debt securities and extending credit subject to such rules that the Monetary promulgate.
Commercial Bank or Domestic Bank
7
Shall include saving and mortgage bank stock and savings and loan association and private development banks. Their function is to accumulate the savings of depositors and invest them together with their capital, loan secured by bonds, mortgage in real estate and insured improvements thereon, chattel mortgages, bonds and other forms of security or loan for personal or household finance, whether, secured or unsecured or in financing for home building and home development; in readily marketable and debt securities, in commercial papers and accounts receivables, drafts bills of exchange, acceptance or notes arising out of commercial transaction and in such other investment and loan which the Monetary Board may determine as necessary in the furtherance of national economic objectives.
Thrift Banks
8
Is any corporation organized for the purpose of accumulating the savings of depositors and investing them, together with its capital, in readily marketable bonds and debt securities; checks, bill of exchange, acceptances or notes arising out of commercial transaction or in loans secured by bond, mortgage or real estate transaction and insured improvements thereon other form of securities.
Stock Savings and Mortgage Bank SSMB
9
Is a bank that exercises all the power and assumes all the obligations of the savings and mortgage bank as provided in the General Banking Act except as otherwise stated. The Private development bank helps to construct and expand and rehabilitate industrial sectors. The development bank of the Philippines is the government counterpart of private development banks and helps the private development banks augment their capitalization as Provided under RA 4093 as amended.
Private development bank
10
Is any corporation engaged in the business of accumulating the saving of its member or stockholders and using such accumulated funds together with its capital for loans and investment or in securities of the government and its instrumentalities, provided that they are primarily engaged in servicing the needs of households by providing personal finance and long term financing for home building and development.
stock savings and loan association
11
Is any bank authorized by the Central bank to accept deposit and make credit available to farmers, businessmen and cottage industries in rural areas, loans may be granted by rural security of land without Torrens title where private property can show 5 years or more peaceful continuous and uninterrupted possession of the land in concept of ownership.
Rural Bank
12
Are banks established to assist various cooperatives by lending funds at reasonable interest.
Cooperative Banks
13
Provides loan for development purposes. Provide loans to the agricultural and commercial sector as well as the industrial sector.
Development Banks
14
Is a government bank which provides financial support in implementation of agrarian reform program.
Land Bank
15
RA # 6048 provides a charter bank. This act authorizes the bank to promote and accelerate the socio economic development of the Autonomous Region of Muslim Mindanao by performing banking, financing and investment operations and to establish and participate in agriculture, commercial and industrial ventures based on Islamic concept of banking.
(Philippine) Al – Amanah Islamic Investment Bank
16
a store that lends money in exchange for a valuable thing that they can sell if the person leaving it does not pay an agreed amount of money by an agreed time
pawn shops
17
Government Non-bank financial institutions
GSIS SSS Pag-ibig or HMDF
18
- is a government-owned and controlled corporation tasked with providing social security benefits to government employees in the Philippines, including retirement, disability, survivorship, and other related benefits.
- It operates various insurance programs, such as life insurance, retirement benefits, and other financial assistance programs for government employees and their dependents.
- manages the retirement funds of government employees and invests these funds in various assets to generate returns and ensure the sustainability of its programs.
Government Service Insurance System (GSIS)
19
- is a state-run social insurance program in the Philippines that provides retirement, disability, sickness, maternity, and death benefits to private sector employees, as well as voluntary members.
- It operates similarly to social security systems in other countries, where contributions from members and their employers fund various benefits.
- also offers loan programs to its members, such as salary loans and housing loans, to address their financial needs.
Social Security System (SSS)
20
- is a government-owned and controlled corporation that aims to provide affordable housing financing and savings opportunities for Filipinos.
- It offers housing loan programs to help members finance the acquisition, construction, improvement, or renovation of residential properties.
- also operates a savings program where members contribute to their savings fund, which earns dividends over time and can be used for housing-related purposes or withdrawn upon retirement.
- Additionally, it provides short-term loan programs, such as multi-purpose loans, calamity loans, and educational loans, to address the immediate financial needs of its members.
Home Development Mutual Fund (HDMF) or Pag-IBIG Fund
21
4 regulatory agencies
BSP SEC Insurance Commission Philippine Deposit Insurance
22
Oversees monetary policy, regulates banks and financial institutions, and monitors systemic risks to ensure the stability of the Philippine financial system.
Bangko Sentral ng Pilipinas (BSP)
23
Regulates the securities industry, including registration, trading, and disclosure, to protect investors, maintain market integrity, and promote transparency in the Philippine capital markets.
SEC (Securities and Exchange Commission)
24
Supervises the insurance industry, ensuring the solvency of insurance companies, protecting policyholders' interests, and promoting sound insurance practices and consumer protection.
Insurance Commission
25
Provides deposit insurance coverage to safeguard depositors' savings in banks and financial institutions, contributes to the stability of the banking system, and resolves failed banks to protect depositors' interests.
Philippine Deposit Insurance Corporation (PDIC)
26
funds invested in banks via saving accounts do not remain stagnant- instead, the cash flows through the other bodies of the financial system. These are often channelled into funding production of goods and into the money market.
Savings
27
without a proper system in place stocks, bonds, and other income yielding investment would not be easily cashed out when needed by investors.
Liquidity
28
Current payment collection services such as credit cards, debit cards, and cheque issuing provides’ convenient process of paying.
Payment
29
Looking at the bigger picture, financial systems impact the economy of a country through affecting interest rates and even inflation
Policy
30
Various insurance policies are made available in the financial market for investors. These insurance policies lessen the risk people face for different investments, such as their health, properties, assets , income and even their life.
Risk
31
Element of financial systems
Financial claims Financial Institution Financial Market Govt Agencies Laws and policies
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72問 • 1年前問題一覧
1
private banking institution
Expanded Commercial Banks/Universal Banks (EKB/UB)
2
these are the example of Thrift Banks (TB)
Savings and mortgage banks (SMB) Private development banking (PDB) Stock savings and loan Association(SSLA)
3
Government banking institutions:
Development bank of the Philippines (DBP) Land Bank of the Philippines (LBP) Philippine Al-Amanah Islamic Investment Bank
4
Non-Bank Financial Institution
Investment houses Investment banks Mutual funds Pawnshop Lending investors
5
is any commercial bank, which performs the investment house function in addition to its commercial banking authority. It may invest in the equities of allied or non allied enterprises Allied enterprises may either be financial or non financial.
Universal Banks (UB)
6
is any commercial that is confined only to commercial bank function such accepting drafts and issuing letters of credit, discounting and negotiating promissory notes, drafts and bills of exchange and other evidencing of debt, accepting or creating demand deposits receiving other types of deposits substitute, buying and selling foreign exchange, and gold or silver bullions, acquiring marketable bonds and other debt securities and extending credit subject to such rules that the Monetary promulgate.
Commercial Bank or Domestic Bank
7
Shall include saving and mortgage bank stock and savings and loan association and private development banks. Their function is to accumulate the savings of depositors and invest them together with their capital, loan secured by bonds, mortgage in real estate and insured improvements thereon, chattel mortgages, bonds and other forms of security or loan for personal or household finance, whether, secured or unsecured or in financing for home building and home development; in readily marketable and debt securities, in commercial papers and accounts receivables, drafts bills of exchange, acceptance or notes arising out of commercial transaction and in such other investment and loan which the Monetary Board may determine as necessary in the furtherance of national economic objectives.
Thrift Banks
8
Is any corporation organized for the purpose of accumulating the savings of depositors and investing them, together with its capital, in readily marketable bonds and debt securities; checks, bill of exchange, acceptances or notes arising out of commercial transaction or in loans secured by bond, mortgage or real estate transaction and insured improvements thereon other form of securities.
Stock Savings and Mortgage Bank SSMB
9
Is a bank that exercises all the power and assumes all the obligations of the savings and mortgage bank as provided in the General Banking Act except as otherwise stated. The Private development bank helps to construct and expand and rehabilitate industrial sectors. The development bank of the Philippines is the government counterpart of private development banks and helps the private development banks augment their capitalization as Provided under RA 4093 as amended.
Private development bank
10
Is any corporation engaged in the business of accumulating the saving of its member or stockholders and using such accumulated funds together with its capital for loans and investment or in securities of the government and its instrumentalities, provided that they are primarily engaged in servicing the needs of households by providing personal finance and long term financing for home building and development.
stock savings and loan association
11
Is any bank authorized by the Central bank to accept deposit and make credit available to farmers, businessmen and cottage industries in rural areas, loans may be granted by rural security of land without Torrens title where private property can show 5 years or more peaceful continuous and uninterrupted possession of the land in concept of ownership.
Rural Bank
12
Are banks established to assist various cooperatives by lending funds at reasonable interest.
Cooperative Banks
13
Provides loan for development purposes. Provide loans to the agricultural and commercial sector as well as the industrial sector.
Development Banks
14
Is a government bank which provides financial support in implementation of agrarian reform program.
Land Bank
15
RA # 6048 provides a charter bank. This act authorizes the bank to promote and accelerate the socio economic development of the Autonomous Region of Muslim Mindanao by performing banking, financing and investment operations and to establish and participate in agriculture, commercial and industrial ventures based on Islamic concept of banking.
(Philippine) Al – Amanah Islamic Investment Bank
16
a store that lends money in exchange for a valuable thing that they can sell if the person leaving it does not pay an agreed amount of money by an agreed time
pawn shops
17
Government Non-bank financial institutions
GSIS SSS Pag-ibig or HMDF
18
- is a government-owned and controlled corporation tasked with providing social security benefits to government employees in the Philippines, including retirement, disability, survivorship, and other related benefits.
- It operates various insurance programs, such as life insurance, retirement benefits, and other financial assistance programs for government employees and their dependents.
- manages the retirement funds of government employees and invests these funds in various assets to generate returns and ensure the sustainability of its programs.
Government Service Insurance System (GSIS)
19
- is a state-run social insurance program in the Philippines that provides retirement, disability, sickness, maternity, and death benefits to private sector employees, as well as voluntary members.
- It operates similarly to social security systems in other countries, where contributions from members and their employers fund various benefits.
- also offers loan programs to its members, such as salary loans and housing loans, to address their financial needs.
Social Security System (SSS)
20
- is a government-owned and controlled corporation that aims to provide affordable housing financing and savings opportunities for Filipinos.
- It offers housing loan programs to help members finance the acquisition, construction, improvement, or renovation of residential properties.
- also operates a savings program where members contribute to their savings fund, which earns dividends over time and can be used for housing-related purposes or withdrawn upon retirement.
- Additionally, it provides short-term loan programs, such as multi-purpose loans, calamity loans, and educational loans, to address the immediate financial needs of its members.
Home Development Mutual Fund (HDMF) or Pag-IBIG Fund
21
4 regulatory agencies
BSP SEC Insurance Commission Philippine Deposit Insurance
22
Oversees monetary policy, regulates banks and financial institutions, and monitors systemic risks to ensure the stability of the Philippine financial system.
Bangko Sentral ng Pilipinas (BSP)
23
Regulates the securities industry, including registration, trading, and disclosure, to protect investors, maintain market integrity, and promote transparency in the Philippine capital markets.
SEC (Securities and Exchange Commission)
24
Supervises the insurance industry, ensuring the solvency of insurance companies, protecting policyholders' interests, and promoting sound insurance practices and consumer protection.
Insurance Commission
25
Provides deposit insurance coverage to safeguard depositors' savings in banks and financial institutions, contributes to the stability of the banking system, and resolves failed banks to protect depositors' interests.
Philippine Deposit Insurance Corporation (PDIC)
26
funds invested in banks via saving accounts do not remain stagnant- instead, the cash flows through the other bodies of the financial system. These are often channelled into funding production of goods and into the money market.
Savings
27
without a proper system in place stocks, bonds, and other income yielding investment would not be easily cashed out when needed by investors.
Liquidity
28
Current payment collection services such as credit cards, debit cards, and cheque issuing provides’ convenient process of paying.
Payment
29
Looking at the bigger picture, financial systems impact the economy of a country through affecting interest rates and even inflation
Policy
30
Various insurance policies are made available in the financial market for investors. These insurance policies lessen the risk people face for different investments, such as their health, properties, assets , income and even their life.
Risk
31
Element of financial systems
Financial claims Financial Institution Financial Market Govt Agencies Laws and policies