Chapter 7

NCBA- RA 7653
Reading matter yung enumeration
Chapter 8
Legal Tender- all notes and coins issued y the B!" guaranteed y the #o$ernment o% the
"hilippines and shall e legal tender in the "hilippines %or all dets oth pulic and pri$ate&
Currency- the all "hilippine notes and coins issued or circulating in accordance 'ith the pro$isions o%
the NCBA
"eso- unit o% money $alue in the "hilippines&
Retirement o% old notes and coins (notes any series or denomination 'hich are more than 5 years old
and coins 'hich are more than )* years old+
,nternational reser$es- in order to maintain the international staility and con$ertiility o% the "hilippine
peso- the B!" shall maintain international reser$es ade.uate to meet any %oreseeale net demands
on the B!" %or %oreign currencies
Negotiale treasury ills- certi%icates o% indetedness notes and other negotiale oligations o% the
go$ernment maturing 'ithin 3 years %rom the date o% the ad$ance
/mergency Loans or ad$ance- is a credit %acility that is intended to assist a an0 e1periencing serious
li.uidity prolems arising %rom causes not attriutale to or eyond the control o% the an0
management
,ssuance o% certi%icates o% indetedness shall e made only in cases o% e1traordinary mo$ement in
price le$els
2eposit sustitute- are alternati$e %orm o% otaining %unds %rom the pulic other than deposits through
the issuance- endorsement- or acceptance o% det instruments %or the orro'ers o'n account %or the
purpose o% relending or purchasing o% recei$ales and other oligations
!ecurities staili3ation %und- shall consist o% purchases and sales in the open mar0et o% onds and
other e$idences o% indetedness issued or %ully guaranteed y the go$ernment&
Chapter 4
5nclaimed alances la' Act& No& 3436
5nclaimed alances- it includes credits or deposits o% money- ullion- security- or other e$idence
o% indetedness o% any 0ind- and interest thereon 'ith an0s- uildings and loan associations and
trust corporations- in %a$or o% any person 0no'n to e dead or 'ho has not made %urther deposits
or 'ithdra'als during the preceding ten years or more&
Trust Receipts ("2 ))5+- 'ritten or printed document signed y the entrustee in %a$or o% the
entruster containing terms and conditions sustantially complying 'ith the pro$isions o% the Trust
Receipts La'&
/ntrustee- the person ha$ing or ta0ing possession o% goods documents or instruments under a
trust receipt transaction and any successor in interest o% such person %or the purpose or purposes
speci%ied in the trust receipt agreement
/ntruster- the person holding title o$er the goods documents or instruments su6ect o% a trust
receipt transaction and any successor in interest o% such person
!ecurity interest- property interest in goods documents instruments to secure per%ormance o%
some oligations o% the entrustee or o% some third persons to the entruster and includes title
'hether or not e1pressed to e asolute 'hene$er such title is in sustance ta0en or retained %or
security only&
Trust receipt transaction is any transaction y and et'een a person as the entruster and another
person as entrustee 'herey the entruster 'ho o'ns or holds asolute title or security interests
o$er certain speci%ied goods documents or instruments releases the same to the possession o%
the entrustee upon the latters e1ecution and deli$ery to the entruster o% a signed document called
a 7trust receipt8
Chapter )*
"2,C- RA 354)
Trust %und- means %unds held y an insured an0 in a %iduciary capacity and includes 'ithout eing
limited to- %unds held as trustee- e1ecutor- administrator- guardian or agent
Recei$ership- person9commissioner9other agency charged y la' 'ith the duty to ta0e charge o% the
assets and liailities o% a an0 'hich has een %oridden %rom doing usiness in the "hilippines&
Trans%er deposit- a deposit in an insured an0 made a$ailale to a depositor y "2,C as payment o%
insured deposit o% such depositor in a closed an0 and assumed y another insured an0
,nsured deposit- amount to any depositor %or deposits in an insured an0 net o% any oligation o% the
depositor to the insured an0 as o% the date o% closure&
Chapter ))
Anti :oney laundering Act RA 4)6*
:oney laundering- any act or attempted act to conceal or disguise the identity o% illegally otained
proceeds so that they appear to ha$e originated %rom legitimate sources&
"lacement- launderer inserts the dirty money into a legitimate %inancial institution
Layering- sending the money through $arious %inancial transactions to change its %orm and ma0e it
di%%icult to %ollo'&
,ntegration- the money reenters the mainstream economy in legitimate loo0ing %orm
Chapter );
!pecial purpose <ehicle (madami nito sa identi%ication nung %inals namin+
Audited =inancial statements- set o% %inancial reports consisting o% alance sheet- income statement-
statement that changes e.uity and cash %lo' statement- audited y a commission accredited
independent C"A
Certi%icate o% eligiility- certi%icate issued y the appropriate regulatory authority as to the eligiility o%
the N"L or R>">A %or the purposes o% a$ailing o% the ta1 e1emptions and pri$ileges pursuant to the
pro$isions o% the act
2ation in payment- re%ers to a payment 'herey property 'hether real or personal tangile or
intangile is alienated in %a$or o% the creditor 'hich could either e an =, or and !"< in satis%action o%
an N"L
=,A or =oreign in$estment act RA 7*?;
,n$estment 5nit ,nstrument or ,5, participation certi%icates det instruments or similar instruments
issued y the sp$ and suscried y permitted in$estors as pro$ided in sec )) o% the act
Non an0 %inancial institutions per%orming .uasi-an0ing %unctions or NB@Bs shall re%er to %inancing
companies in$estment houses and other institutions licensed y the B!" to per%orm .uasi-an0ing
%unctions
Non per%orming assets or N"As consists o% N"L and R>">As y the =,s
Non per%orming loans or N"Ls re%er to loans and recei$ales such as mortgage loans- unsecured
loans- consumption loans- trade recei$ales----lahat ng recei$ales 'hose principal and9or interest
has remained unpaid %or at least )8* days a%ter they ha$e ecame past due&
R>">A- real and other properties o'ned or ac.uired y =,s including real properties- shares o%
stoc0A&0emer 'hich has een ac.uired y 'ay o% dation in payment&
A%%iliate- 6uridical person that directly or indirectly through one or moer intermediaries is controlled y
or is under common control 'ith selling =, or its a%%iliates
Control- e1ist 'hen parent o'ns directly or indirectly though susidiaries more than one hal% o% the
$oting po'er o% an enterprise unless in e1ceptional circumstance- it can e clearly demonstrated that
such o'nership does not constitute control&
"arent- 6uridical person 'ho has control o$er another 6uridical person directly or indirectly through one
or more intermediaries