Beruflich Dokumente
Kultur Dokumente
Insurable deposits and maximum liability Insurable deposits and maximum liability
•Amount due to any bona fide depositor for The following are not covered:
legitimate deposits in an insured bank net • Investment products such as bonds,
of any obligation of the depositor to the securities and trust accounts;
insured bank as of date of closure, but not • Deposit accounts which are unfunded,
to exceed ₱500,000.00. fictitious or fraudulent;
Insurable deposits and maximum liability Insurable deposits and maximum liability
The following are not covered: • The claim for the uninsured portion of
• Deposit products constituting or the deposit is a claim against the assets
emanating from unsafe and unsound of the closed bank.
banking practices;
• Deposits that are determined to be
proceeds of an unlawful activity as defined
under the Anti-Money Laundering Law.
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Conservatorship Conservatorship
• The appointment by the Monetary • The conservatorship shall not exceed
Board of a conservator after it finds that one year;
a bank or a quasi-bank is in a state of
continuing inability or unwillingness to
maintain a condition of liquidity
adequate to protect the interest of
depositors and creditors;
Receivership Receivership
The Monetary Board may designate the PDIC • Is unable to pay its liabilities as they
as receiver of a bank and any person of become due in the ordinary course of
recognized competence in banking or business when the inability to pay is
finance as receiver of a quasi-bank when it caused by extraordinary demands
finds that the institution: caused by financial panic in the banking
community;
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Receivership Receivership
Receivership
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EMERGENCY LOAN
GENERAL BANKING LAW • is a credit facility that is intended to assist a
bank experiencing serious liquidity
problems arising from causes not
attributable to, or beyond the control of, the
bank management.
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Covered transactions
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• taking into account all known • any circumstance relating to the transaction
circumstances, it may be perceived that the which is observed to deviate from the
client’s transaction is structured in order to profile of the client and/or the client’s past
avoid being the subject of reporting transactions with the covered institution;
requirements under the act;
• the transaction is in any way related to an • any transaction that is similar, analogous or
unlawful activity or any money laundering identical to any of the foregoing.
activity or offense under the AMLA, as
amended, is being or has been committed;