Professional Documents
Culture Documents
Activity 3 – Module 3
Write 5 interesting facts to summarize each of the following:
• Government Non-bank Financial Institutions
1. Consists of Government Service Insurance System (GSIS) and Social Security System
(SSS)
2. SSS and GSIS are social insurance program that aims to provide protection to its
members and beneficiaries. SSS for private employees and GSIS for government
employees
3. Benefits of these institutions ranges from sickness benefit, maternity, disability, death,
funeral, and salary loan.
4.NBFIs are a good complement to banks since they provide the framework for allocating
surplus funds to individuals and businesses with deficits.
5.NBFCs are not subject to the banking regulations and oversight by federal and state
authorities adhered to by traditional banks.
2. An NBFI is a financial institution that does not have a full banking license and cannot
accept deposits from the general public.
4. An NBFI is a financial institution that provides bank-like services without having the
status of a bank. Risk pooling, contractual savings, market brokering, and general
investing are common examples of these services.
5. The most important function of the non-bank financial intermediaries is the transfer of
funds from the savers to the investors.