WEEK 7

BANKING AND FINANCE

Recognizing HDMF's contributions through the years and the need to further
strengthen its capability as the biggest source of housing finance in the country
to date, President Gloria Macapagal-Arroyo signed into law Republic Act No.
9679 or the Home Development Mutual Fund Law of 2009.

The law was signed on 21 July 2009.

Pa g - I BI G i s a n a c r o ny m w h i c h st a n d s fo r
Pa g t u t u l u n ga n s a K i n a b u ka s a n : I k aw, B a n g ko, I n d u st r i a at
G o b yer n o

To this day, the Pag-IBIG Fund continues to harness these four sectors of
the society to work together towards providing Fund members with
adequate housing through an effective savings scheme.
Under the new HDMF law, membership to the Pag-IBIG
Fund is made mandatory for all SSS- and GSIS-covered
employees; uniformed members of the AFP, BFP, BJMP
and PNP; as well as Filipinos employed by foreign-based
employers. Now more than ever, Filipino workers will
enjoy the benefits that are available only to Pag-IBIG
members.
 PHILHEALTH

The National Health Insurance Program was established to

provide health insurance coverage and ensure affordable,
acceptable, available and accessible health care services for
all citizens of the Philippines.
 PHILHEALTH

It shall serve as the means for the healthy to help pay for
the care of the sick and for those who can afford medical
care to subsidize those who cannot.
PDIC is a government instrumentality
created in 1963 by Republic Act 3591, as
amended, to insure the deposits of all
banks.
PDIC exists to protect depositors by
providing deposit insurance coverage for
the depositing public and help promote
financial stability.
PDIC is tasked to strengthen the mandatory deposit
insurance coverage system to generate, preserve, maintain
faith and confidence in the country's banking system; and
protect it from illegal schemes and machinations.
VISION

By 2023, PDIC will be a leading institution in depositor

protection, recognized for its operational excellence that is
responsive to changing times
MISSION

We protect the depositing public while promoting

confidence and stability in the banking system
CORE VALUES

• Teamwork
• Respect for All
• Integrity
• Professionalism
• Love of Country
• Excellence
The Philippine Deposit Insurance Corporation (PDIC) is a
government instrumentality created on 22 June 1963 by
Republic Act 3591 entitled, An Act Establishing the
Philippine Deposit Insurance Corporation (PDIC), Defining Its
Powers and Duties and for Other Purposes.
I.Deposit Insurance. PDIC provides a maximum deposit
insurance coverage of PhP500,000 per depositor per bank.
To pay claims on insured deposits, PDIC builds up the
Deposit Insurance Fund (DIF) primarily through assessments
of banks at an annual flat rate of 1/5 of 1% of their total
deposit liabilities.
II. Receivership of Closed Banks. PDIC proceeds with the
liquidation process upon order of the Monetary Board of
the Bangko Sentral ng Pilipinas (BSP). The assets of the
closed bank are managed and eventually disposed of to
settle claims of creditors in accordance with the preference
and concurrence of credits as provided by the Civil Code of
the Philippines.
The Philippine Stock Exchange (PSE)
 is the only stock exchange in the Philippines.

 It is one of the oldest stock exchanges in Asia, having been in

continuous operation since the establishment of the Manila Stock
Exchange in 1927.

 It currently maintains a trading floor at the PSE Tower in Bonifacio

Global City, Taguig City.

 The PSE is composed of a 15-man Board of Directors with Jose T.

Pardo as Chairman.
The main index for PSE is the PSEi,
which is composed of a
fixed basket of thirty (30) listed
companies.
Philippine Dealing System Holdings

VISION

We provide a complete financial market infrastructure –

uniquely positioned to deliver investor protection through
efficient trading platforms, sound settlement highways, and
essential securities services, creating value for our stakeholders
and abiding by the highest standards of market governance and
international best practice.
The PDS Group was built as a community
solution following the economic stresses
felt in the region in 1997.

The Group was formed to shepherd the

implementation of a Market Reform – the
organized market.
Powered by state-of-the-art technology,
PDS provides a full suite of services:

1. from trading to clearing and settlement

2. post settlement across different asset classes
It also offers learning facilities to equip its markets
and communities in keeping pace with market
development and professional practice, here and
abroad.
PDS Group, the Complete Capital Market
Infrastructure, is composed of a holding company, the
Philippine Dealing System Holdings Corp. and
operating subsidiaries.
PDS Group

• Philippine Dealing & Exchange Corp. (PDEx) –

Trading Services Arm
• Philippine Depository & Trust Corp. (PDTC) –
Securities Services Arm
• Philippine Securities Settlement Corp. (PSSC) –
Payment and Transfer Services Arm
• PDS Academy for Market Development Corp. (PDSA)
– Market Education and Development