pdic_UsapangPera_GuideBook

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Financial Expert’s Corner Let’s leave our OFW family for a moment. How in the world could a piece of paper, usually with somebody’s picture on it be valuable? Or why would a small circular object that does not contain any of the precious metals be worth anything? Money has been called and described in many ways. On the positive side, some say money makes the world go round. It makes a person’s dreams come true. That is why a lot of people work hard to earn, save and invest money. Over on the slightly negative side, while many also consider money as the root of all evil, it is really the love of money that is the root of all evil. Money is the symbol of materialism and as such does not necessarily make a person truly happy. 8 Money is Important
A Brief History of Money At the house of our OFW family, the question-and-answer portion continues… Did You Know? One of the best preserved ancient law codes that formalized the role of money in society is the code of Hammurabi (1760 BC) enacted by the sixth Babylonian King, Hammurabi. The code contained earlier laws under the codes of Ur-Nammu (2050 BC), Eshnunna (1930 BC) and Lipit-Ishtar of Isin (1870 BC). The code of Hammurabi instituted interest on debts, fines and compensation for infractions of law. Money is Important 9
Page 2 and 3: Copyright 2013 by the Philippine De
Page 5 and 6: Foreword Through the Philippine Dep
Page 7 and 8: insured deposits. This Guidebook is
Page 9 and 10: Table of Contents A Brief History o
Page 12 and 13: Just like in the United States of A
Page 14: Table 1 1 Maximum Deposit Insurance
Page 17: Money is Important 7
Page 21 and 22: Different Forms of Money Seeing his
Page 23 and 24: Financial Expert’s Corner They sa
Page 26 and 27: The Different Life-Event Stages Six
Page 28 and 29: “In our case, we are saving up fo
Page 30 and 31: The next life-event stage is where
Page 32 and 33: How to Save Mang Domeng, as if to r
Page 34 and 35: Financial Expert’s Corner Saving
Page 36: Why and How to Save 1. There are ma
Page 39 and 40: A few minutes later, Tessie is alre
Page 41 and 42: • Suspicious transactions are tra
Page 43 and 44: Financial Expert’s Corner In acco
Page 45 and 46: Banks may or may not issue an ATM c
Page 47 and 48: He says that all that bank tellers
Page 49 and 50: Tessie expresses some concerns. “
Page 51 and 52: Aling Lorna smiles and continues,
Page 53 and 54: Located on the upper left hand corn
Page 55 and 56: Financial Expert’s Corner To avoi
Page 57 and 58: Mang Domeng says to Aling Lorna,
Page 59 and 60: Financial Expert’s Corner It shou
Page 61 and 62: In closing the deposit account, you
Page 64 and 65: It’s 5:30 AM on a Wednesday, and
Page 66 and 67: 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
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PDIC is also authorized to investig
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Unable to suppress his smile, Orly
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depositors who have obligations wit
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The agent in a “By” deposit and
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Financial Expert’s Corner Effecti
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3. How much is Fe Santos’s insure
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Member: PDIC 1. PDIC was created by
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It is just two weeks before Mang Do
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Figure 8 Investment Risk Profile* I
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cash or near cash account. Such acc
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Financial Expert’s Corner For lon
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Ed says, “In their simplest form,
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Stocks Mang Domeng notices a bewild
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“You see, Nanay, although they ar
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Financial Expert’s Corner The adv
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Other Places to Put Your Money 1. W
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It is just one more week before Man
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Loads have a validity of one year f
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3. Know Your Bank’s Service Fees
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time deposit automatically renewed
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6. Be Informed About PDIC Deposit I
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“Orly, I am an OFW,” Mang Domen
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Mang Domeng excitedly replies, “S
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The Power of Information 1. You, as
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Accrued interest - earned but still
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Ponzi Scam - an illegal financial s
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Determining If Your Expenses Are Ju
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Annex B Regulatory Issuance No. 201
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3. Granting high interest rates whe
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ANNEX A: Deposit-Related Activities
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BSP Circular No. 640 (Activities Wh
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Sample Claim Form (Page 1) Annex D
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Sample Claim Status Sheet Annex E 1
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Annex G Republic Act No. 9505 Augus
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(g) “PERA Investment Product” r
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Sec. 7. Separate Asset. -The PERA s
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(d) Disclosure requirements on the
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entitled hereto, shall be subject t
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