pdic_UsapangPera_GuideBook

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Accrued interest – earned but still unpaid interest on a fixed income placement ATM – automated teller machine Bonds – long-term debt securities issued by either the Government or private sector companies BSP – Bangko Sentral ng Pilipinas Budget – an articulated plan for the use of your money with specific amounts and dates of accomplishment as targets Checking account – a facility that allows a person to issue checks, which represent claims of payees against the issuer’s bank account Check clearing – the process by which checks are debited and credited among banks Compounding – earning interest upon interest Coupon rate – the nominal interest rate paid by a bond DAIF – Drawn Against Insufficient Funds DAUD – Drawn Against Uncleared Deposits Deposit Insurance – Protection provided by the Philippine Deposit Insurance Corporation at a maximum coverage of Php500,000 per depositor per bank DST – documentary stamp tax Face value – the maturity value of a bond Financial planning– the practice of putting control in the way you source and use cash 118 Glossary
Government securities – debt securities issued by the Government IC – Insurance Commission Inflation – the amount of increase in the price of a good, service or property Insurance – coverage against uncertainties that can be inflicted on person and property Interest rate – the earnings on your fixed income placement expressed as an annual percentage of your original investment Investment – delayed consumption with the end of earning more at a future time when the investment matures or is sold Market value – the price at which people would be willing to purchase an asset for Maturity – when an investment or insurance policy can be converted to cash Mutual fund – a pooling of funds, where the fund is a separately incorporated entity managed by an investment management company NOW – negotiable order of withdrawal PAD – Public Assistance Department PDEx – Philippine Dealing and Exchange Corporation PDIC – Philippine Deposit Insurance Corporation PERA – Personal Equity Retirement Act of 2008 PSE – Philippine Stock Exchange PSEi – Philippine Stock Exchange Index Glossary 119
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Copyright 2013 by the Philippine De
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Foreword Through the Philippine Dep
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insured deposits. This Guidebook is
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Table of Contents A Brief History o
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Just like in the United States of A
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Table 1 1 Maximum Deposit Insurance
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Money is Important 7
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A Brief History of Money At the hou
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Different Forms of Money Seeing his
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Financial Expert’s Corner They sa
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The Different Life-Event Stages Six
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“In our case, we are saving up fo
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The next life-event stage is where
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How to Save Mang Domeng, as if to r
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Financial Expert’s Corner Saving
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Why and How to Save 1. There are ma
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A few minutes later, Tessie is alre
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• Suspicious transactions are tra
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Financial Expert’s Corner In acco
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Banks may or may not issue an ATM c
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He says that all that bank tellers
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Tessie expresses some concerns. “
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Aling Lorna smiles and continues,
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Located on the upper left hand corn
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Financial Expert’s Corner To avoi
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Mang Domeng says to Aling Lorna,
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Financial Expert’s Corner It shou
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In closing the deposit account, you
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It’s 5:30 AM on a Wednesday, and
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The over-reliance on heuristics giv
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Financial Expert’s Corner Money a
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Financial Expert’s Corner It can
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Ponzi Schemes and Pyramiding Aling
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But before the couple leaves, Harry
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More Than Just Interest Rates 1. He
Page 79 and 80: PDIC is also authorized to investig
Page 81 and 82: Unable to suppress his smile, Orly
Page 83 and 84: depositors who have obligations wit
Page 85 and 86: The agent in a “By” deposit and
Page 87 and 88: Financial Expert’s Corner Effecti
Page 89 and 90: 3. How much is Fe Santos’s insure
Page 91 and 92: Member: PDIC 1. PDIC was created by
Page 94 and 95: It is just two weeks before Mang Do
Page 96 and 97: Figure 8 Investment Risk Profile* I
Page 98 and 99: cash or near cash account. Such acc
Page 100 and 101: Financial Expert’s Corner For lon
Page 102 and 103: Ed says, “In their simplest form,
Page 104 and 105: Stocks Mang Domeng notices a bewild
Page 106 and 107: “You see, Nanay, although they ar
Page 108 and 109: Financial Expert’s Corner The adv
Page 110 and 111: Other Places to Put Your Money 1. W
Page 112 and 113: It is just one more week before Man
Page 114 and 115: Loads have a validity of one year f
Page 116 and 117: 3. Know Your Bank’s Service Fees
Page 118 and 119: time deposit automatically renewed
Page 120 and 121: 6. Be Informed About PDIC Deposit I
Page 122 and 123: “Orly, I am an OFW,” Mang Domen
Page 124 and 125: Mang Domeng excitedly replies, “S
Page 126 and 127: The Power of Information 1. You, as
Page 130 and 131: Ponzi Scam - an illegal financial s
Page 132 and 133: Determining If Your Expenses Are Ju
Page 134 and 135: Annex B Regulatory Issuance No. 201
Page 136 and 137: 3. Granting high interest rates whe
Page 138 and 139: ANNEX A: Deposit-Related Activities
Page 140 and 141: BSP Circular No. 640 (Activities Wh
Page 142 and 143: Sample Claim Form (Page 1) Annex D
Page 144 and 145: Sample Claim Status Sheet Annex E 1
Page 146 and 147: Annex G Republic Act No. 9505 Augus
Page 148 and 149: (g) “PERA Investment Product” r
Page 150 and 151: Sec. 7. Separate Asset. -The PERA s
Page 152 and 153: (d) Disclosure requirements on the
Page 154 and 155: entitled hereto, shall be subject t
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