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Chapter Two

PHILIPPINE FINANCIAL SYSTEM [BSP] has the


responsibility over
the financial
system, credit
system and the
monetary system in
the Philippines

Short video
presentation
Philippine
Philippine Financial
Financial System
System
●● Requirements
Requirementsof
ofan
aneffective
effectivefinancial
financialsystem
system

♦The
Thefinancial
financialsystem
systemmust
mustprovide
provideananefficient
efficientmedium
medium
for
forexchanging
exchanginggoods
goodsand
andservices
services

♦The
Thefinancial
financialsystem
systemmust
mustcreate
createcapital
capitalon
onaalarge
largescale
scale
enough
enoughto tomeet
meetthethedemands
demandsof ofthe
thenation’s
nation’seconomy
economy

♦The
Thefinancial
financialsystem
systemmust
mustprovide
providemarkets
marketsandand
procedures
proceduresforforthe
thetransfer
transferof
ofclaims
claimsto
towealth
wealthand
andfor
for
the
theconversion
conversionof ofclaims
claimsto
tocash
cash

Copyright© 2006 South-Western/Thomson Learning. All rights reserved.


Philippine
Philippine Financial
Financial System
System

Financial
FinancialIntermediation
Intermediation
aafinancial
financialactivity
activitythat
thatdistributes
distributesthe
thesurplus
surplusfunds
fundsof
ofaasector
sectorin
in
an
aneconomy
economy to toaasector
sectorof
ofan
aneconomy
economy that
thatneeds
needsitit
Financial
FinancialInstitution
Institution
isisan
anorganization
organizationthrough
throughwhich
whichfunds
fundsin
inthe
theform
formof
ofmoney
moneyor
or
claims
claimsin
inmoney
moneyareareassembled
assembledand
andtransferred
transferredfrom
fromindividuals
individualsand
and
firms
firmshaving
havingsurplus
surplusof
ofeconomic
economicgoods
goodsto
tothose
thosethat
thatneed
needitit
Financial
FinancialMarket
Market
isiswhere
whereborrowers
borrowersandandlenders
lendersor orinvestors
investorsare
areregulated
regulatedand
and
where
wherethe
theprice
priceof
offunds
funds(interest
(interestrate)
rate)isisdetermined
determined

Copyright© 2006 South-Western/Thomson Learning. All rights reserved.


Philippine
Philippine Financial
Financial System
System
Categories
Categoriesof
ofFinancial
FinancialInstitutions
Institutions
1.1.Banking
BankingInstitutions
Institutions––authorized
authorizedby byBSP
BSPto
toengage
engageininlending
lendingfunds
fundsthrough
through the
the
receipt of deposits
receipt of deposits
Types:
Types:
1.1.Commercial
CommercialBank Bank - -accepts
acceptsand
andcreates
createsdemand
demanddeposits
deposits
a.a.EKB
EKB––commercial
commercialbank
bankwithwithinvestment
investmenthouse
housefunctions
functions
b.b.KBKB––ananordinary
ordinarycommercial
commercialbank bank
2.2.Thrift
ThriftBank
Bank- -organized
organizedto toencourage
encouragedeposits
deposits
a.a.Private
PrivateDevelopment
DevelopmentBank Bank
b.b.Savings
Savingsand
andMortgage
MortgageBankBank
c.c. Stock
StockSavings
Savingsand
andloan
loanassociation
association
3.3.Rural
RuralBank
Bank- -promote
promoteandandexpand
expandrural
ruraleconomy
economy

Copyright© 2006 South-Western/Thomson Learning. All rights reserved.


Philippine
Philippine Financial
Financial System
System
Categories
Categoriesof
ofFinancial
FinancialInstitutions
Institutions
4.4.Specialized
SpecializedGovernment
GovernmentBankBank - -government
governmentownedownedand
andcontrolled
controlledbanks
banks
5.5.Foreign
ForeignBank
Bank- -subsidiary
subsidiaryor
oraffiliate
affiliateofofforeign
foreignbanks
banksthat
thatconduct
conducttransaction
transactionininforeign
foreign
currencies
currencies
2.Non-Bank
2.Non-BankThrift
ThriftInstitutions
Institutions––organized
organizedas
asnon-bank
non-bankentities
entitieswithout
withoutany
anybanking
bankingor
orquasi-
quasi-
banking functions
banking functions
a.a.Mutual
Mutualbuilding
buildingand
andloan
loanassociation
association
b.b.Non-stock
Non-stocksavings
savingsand
andloan
loanassociation
association

Copyright© 2006 South-Western/Thomson Learning. All rights reserved.


Philippine
Philippine Financial
Financial System
System

Categories
Categoriesof
ofFinancial
FinancialInstitutions
Institutions
3.Financial
3.FinancialIntermediaries
Intermediaries––persons
personsor
orentities
entitieswhose
whoseprincipal
principalfunctions
functionsinclude
include
lending,
lending,investing
investingor
orplacement
placementof
offunds
fundsamong
amongothers
others

♦Investment
Investmenthouse
house

♦Financing
Financingcompanies
companies

♦Security
Securitydealer
dealer//broker
broker

♦Fund
Fundmanager
manager

♦Pawnshop
Pawnshop

Copyright© 2006 South-Western/Thomson Learning. All rights reserved.


Philippine
Philippine Financial
Financial System
System

PRINCIPAL
PRINCIPAL SOURCES
SOURCES OF
OF FUNDS
FUNDS
A.
A. CAPITAL
CAPITALCONTRIBUTIONS
CONTRIBUTIONS––the
theoriginal
originalpaid-in
paid-inof
of
stockholders/members
stockholders/membersand
andadditional
additionalpayments
paymentsof ofsubscription
subscription
B.
B. DEPOSITS
DEPOSITS––33Kinds:
Kinds:Savings,
Savings,time
timeand
anddemand
demanddeposits
deposits
C.C. REDISCOUNTING
REDISCOUNTINGNOTESNOTES––borrowings
borrowingsfrom
fromthe
theBSP
BSPagainst
againsteligible
eligible
loan
loanpapers
papersoffered
offeredas
ascollateral
collateral
D.
D. BORROWINGS
BORROWINGS FROM
FROMDOMESTIC
DOMESTICAND
ANDFOREIGN
FOREIGNSOURCES
SOURCES

E.E. DEPOSIT
DEPOSITSUBSTITUTE
SUBSTITUTELIABILITIES
LIABILITIES

Copyright© 2006 South-Western/Thomson Learning. All rights reserved.


Philippine
Philippine Financial
Financial System
System

FINANCIAL
FINANCIALMARKETS
MARKETSIN
INTHE
THEPHILIPPINES
PHILIPPINES
A.Capital
A.CapitalMarket
Market––isisaamarket
marketfor forlong-term
long-termsecurities.
securities.Managed
Managedby byPSE
PSE
B.Foreign
B.ForeignExchange
ExchangeMarket
Market––known
knownas asFOREX
FOREXand
andisisaamarket
marketfor
forforeign
foreigncurrencies
currencies
C.Money
C.MoneyMarket
Market––isisaamarket
marketfor forshort-term
short-termsecurities
securitiesandandusually
usuallyoccur
occurbetween
between
banks
banksand
andother
otherfinancial
financialinstitutions
institutionswherewherethey
theylend
lendeach
eachother
otheron onovernight
overnightbasis
basis
and/or
and/orwhere
wherethe
thetreasury
treasurybill
billisisexchanged
exchanged
D.Commodities
D.CommoditiesMarket
Market––isisaamarket
marketfor forcommodities
commoditiessuch suchas
asoil,
oil,gold,
gold,silver
silver
E.Derivatives
E.DerivativesMarket
Market––isisaamarket
marketof offinancial
financialcontracts
contractsderived
derivedfrom
fromthe
thecapital
capitaland
and
usually
usuallydepends
dependsononthe
theprice
priceof
ofthe theasset
assetwhere
whereititisisderived.
derived.Examples
Examplesare arespot,
spot,
forward,
forward,options
optionsand
andwarrants.
warrants.

Copyright© 2006 South-Western/Thomson Learning. All rights reserved.


Philippine
Philippine Financial
Financial System
System

Roles
Rolesof
ofFinancial
FinancialMarkets
Markets
A.
A. Saving
Savingmobilization
mobilization
B.
B. Investment
Investment
C.
C. National
Nationalgrowth
growth
D.
D. Entrepreneurial
Entrepreneurialgrowth
growth
E.
E. Industrial
Industrialdevelopment
development

Copyright© 2006 South-Western/Thomson Learning. All rights reserved.


Philippine
Philippine Financial
Financial System
System

Building
Building Blocks
Blocks of
of Financial
Financial System
System
A.
A. Money
Money
B.
B. Financial
Financial instruments
instruments
C.
C. Financial
Financial institutions
institutions
D.
D. Central
Central Bank
Bank

Copyright© 2006 South-Western/Thomson Learning. All rights reserved.


Philippine
Philippine Financial
Financial System
System

THANK
THANK YOU!!!
YOU!!!

Copyright© 2006 South-Western/Thomson Learning. All rights reserved.

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