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Monetary Policy and Central Banking > Chapter 6 > Flashcards

Chapter 6 Flashcards

1
Q

It shall have supervision over, and conduct periodic or special examinations of, banking institutions and quasi bank including their subsidiaries and affiliates engage in allied it means that a corporation more than 50% of the voting stock of which is owned by a bank or quasi bank

A

Bangko Sentral

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2
Q

It means a corporation more than 50% of the voting stock of which is owned by a bank or quasi bank

A

Subsidiary

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3
Q

It means a corporation the voting stock of which to the extent of 50% or less is owned by a bank or quasi bank or which is related or linked to such institution or intermediaries through common stockholders or such other factors as may be determined by the monetary board

A

Affiliate

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4
Q

It monitors and compares various indicators and the philippine banking system

A

BSP

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5
Q

Is compose of universal and commercial banks thrift banks rural and cooperative banks

A

Philippine Banking System

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6
Q

Represent the largest single group, resource wise, of financial institutions in the country

A

Universal and Commercial banks

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7
Q

They offer the widest variety of banking services among financial institutions

A

Universal and commercial banks

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8
Q

They are also authorized to engage in underwriting in other functions of investment houses, and to invest in equities of non allied undertakings

A

universal banks

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9
Q

Is composed of savings and mortgage banks private development banks stock savings and loan associations and microfinance thrift banks

A

thrift banking system

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10
Q

Are engage in accumulating savings of depositors and investing them

A

thrift banks

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11
Q

They also provide short-term working capital and medium and long-term financing to businesses engage and agriculture services industry and housing and diversified financial and allied services and to their chosen markets and constituents especially small and medium enterprises and individuals

A

thrift banks

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12
Q

Or the more popular type of banks in the rural communities

A

Rural and cooperative banks

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13
Q

Their role is to promote and expand the rural economy in an orderly and effective manner by providing the people in the rural communities with basic financial services

A

rural and cooperative banks

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14
Q

It help farmers through the stages of production from buying seedlings to marketing of their produce

A

rural and cooperative banks

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15
Q

It is privately owned and managed

A

rural banks

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16
Q

It is organized or owned by cooperatives or federation of cooperatives

A

cooperative bank

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17
Q

This group consists of institutions engage in the borrowing of funds from 20 or more lenders for the borrowers own account through issuances, endorsement or assignment with recourse or acceptance of deposit substitute for purposes of relending or purchasing receivables and other obligations

A

non banks woth quasi banking functions

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18
Q

upon report of the head of the supervising or examining department, in proceedings in receivership and liquidation, the monetary board finds that a bank or quasi bank:

A

a. is unable to pay its liabilities as they become due
b. has insufficient realizable assets
c. cannot continue in business without involvinh probable losses to its depositors or creditors
d. has willfully violated a cease and desist order

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19
Q

For a quasi bank any person of recognized competence in banking and finance may be designed as

A

receiver

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20
Q

It shall immediately gather and take charge of all the assets and liabilities of the institution administered the same for the benefit of its creditors and exercises general powers of a receiver under the revised rules of court but shall not with the exception of administrative expenditures

A

receiver

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21
Q

the receiver shall

A
  1. file ex parte with the proper regional trial court
  2. convert the assets of the institutions to money
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22
Q

The assets of an institution under receivership or liquidation shall begin in

A

custodia legis

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23
Q

The access of an institution under receivership or liquidation be exempt from any order of

A

garnishment
levy
attachment
execution

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24
Q

This petition may only be filed by the stockholders of record representing the majority of the capital stock within 10 days from receipt by the board of directors of the institutions of the order directing receivership liquidation or conservatorship

A

petition for certiorari

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25
Q

It extends discounts loans and advances to banking institutions in order to influence the volume of credit consistent with objective of price stability

A

BSP

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26
Q

It also grants loans or advances to banking institutions in precarious financial condition or under serious financial pressures subject to certain conditions

A

BSP

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27
Q

Banks also pay their loans with properties under this agreement

A

dacion en pago agreement

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28
Q

Is a standing credit facility provided by the bsp to help banks meet temporary liquidity needs by refinancing the loans they extend to their clients

A

rediscounting

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29
Q

The BSPs rediscounting is administered by

A

Department of Loans and Credit

30
Q

The bsp also makes this available to banks participating directly in the clearing operations of the philippine clearing house corporation

A

overdraft credit line (OCL)

31
Q

It is defined as the sum of clean ocl equivalent to 15% of the banks rediscounting line with bsp and the collateralized ocl that will be imposed by the bsp

A

ceiling

32
Q

Above not meeting the following criteria what is this criteria

A

CAMELS composite rating of atleast “3”
CAR of at least 10%
no chronic reserve deficiencies

33
Q

They extend financial assistance to banking institutions in the form of fully secured liquidity loans as a temporary remedial measure to help solvent banks overcome their liquidity problems arising from causes be under control

A

BSP

34
Q

It is a privilege of a qualified bank to obtain loans or advances from the bangko sentral ng pilipinas using the eligible papers of it borrow words as collaterals

A

rediscounting

35
Q

Types of rediscount facilities available to qualified banks

A

peso rediscount facility
exporters dollar and yen rediscount facility

36
Q

Papers that are eligible for rediscounting

A

commercial credits
production credits
other credits

37
Q

Credit instruments resulting from the importation exportation purchase or sale of readily saleable goods and products order transportation within the philippines

A

commercialcredits

38
Q

Credit instruments related to the production or processing of agricultural animal mineral or industrial products with maturities of not more than 360 days from the date of theirrediscount by the bsp

A

production credits

39
Q

Special credit instruments not otherwise with this countable under commercial and production credits such as but not limited to microfinance housing loans services agricultural loans with long gestation period and medium and long-term loans covered by credit instruments with maturities of more than 360 days but not more than 10 years from the date of their discounted a bsp

A

other credits

40
Q

Available loan facilities and acceptable collaterals and their commercial credits

A

export credit
import credit
trading and transport loan

41
Q

Available loan facilities and acceptable collaterals under production credits

A

Agricultural production
animal production
mineral production
agricultural processing
industrial processing
industrial loans

42
Q

Available loan facilities and acceptable collaterals under other credits

A

Microfinance
service exporters
other services
medium and long-term loans

43
Q

A packing credit to fund the working capital of exporters before the goods are shipped

A

export credit

44
Q

To fund the working capital of importers covered by usance bill of exchange secured by a trust receipt agreement

A

import credit

45
Q

To fund the working capital of domestic traders of readily saleable goods or their transportation within the philippines secured by a duly registered mortgage on real estate property of which 70% of the appraised value equals or exceeds outstanding balance of the pn

A

trading and transport loan

46
Q

To finance activities of farmers for the production of food crops, other crops and fishery

A

agricultural production

47
Q

Production credits is the loan is secured by

A

REAL ESTATE MORTGAGE REM

48
Q

To fund the activities of farmers for poultry and livestock development

A

animal production

49
Q

To fund the activities of borrowers for the production of metallic and non-metallic or mining or milling

A

mineral production

50
Q

To fund the economic activities of borrowers involved in the manufacturing of processed foods

A

agricultural processing

51
Q

To fund the working capital needs of local manufacturers that have supply arrangements with direct exporters covered by local pio or domestic letter of credit or deed of real estate mortgage

A

industrial processing

52
Q

To finance industries involved in the manufacturing of wood products paper and paper products textile and textile products wearing apparel footwear leather and many more

A

industrial loans

53
Q

Small loans granted to the basic sectors and other loans granted to the poor and low-income households for their micro enterprises and small businesses so as to enable them to raise their income levels and improve their living standards

A

microfinance

54
Q

To fund the working capital of service exporters who are engaged in rendering technical professional and other services covered by a duly notarized assignment of receivables from service contracts

A

service exporters

55
Q

It refer to natural persons who are residents of the philippines or juridical persons organized and licensed under philippine laws engaged in rendering technical professional and other services abroad paid for in acceptable foreign currencies

A

service exporters

56
Q

To fund the working capital of local industries engaged in rendering various services such as hospitals schools hotels and restaurants transportation postal and many more

A

other services

57
Q

Loans covered by credit instruments with maturities of more than 360 days but not more than 10 years from date of rediscount by the bsp

A

medium and long term loans

58
Q

CAPEX

A

capital assets expenditures

59
Q

It refers to the core level and trading assets brought about by long-term a rapid sales growth or increase production capacity

A

permanent working capital

60
Q

Loans that are considered ineligible for rediscounting

A

Interbank loans
past due loans
unsecured loans
personal consumption loans
loans to non-bank financial institutions
loans funded from other borrowings

61
Q

Unsecured loans may be accepted for rediscounting provided they are

A

microfinance loans
loans secured by a duly registered mortgage on real property of the bank

62
Q

Can promissory note secured by certificate of land ownership award and emancipation patent be with discounted with bsp

A

no

63
Q

Can promissory notes secured by certificate of land title issued by virtue of free patent be with discounted with bsp

A

yes

64
Q

Who are considered eligible borrowers

A

Those with satisfactory credit standing and good business reputation and those who are able to meet the participating banks credit requirements

65
Q

What is the term of the approve rediscounting line

A

1 year

66
Q

This committee approves disapproves extends amends cancels suspense and restores the discounting line of bangs

A

credit committe

67
Q

The credit committee composed of

A

Managing director of the monetary operations sub-sector
managing director of the regional monetary affairs subsector
director of the department of loans and credit

68
Q

What are the eligibility requirements of the bsp discounting facility

A

A positive dda balance
no past due obligations. no collateral deficiencies on account of matured notes

69
Q

Is an online internet-based counting facility of the bsp available to all qualified banks nationwide

A

eRediscounting

70
Q

Based on the applicable bsp overnight reverse repurchase rate

A

peso rediscounts

71
Q

Based on their respective london interbank offered rate for the last working day of the immediately preceding month

A

dollar or yen rediscounts

Monetary Policy and Central Banking (9 decks)

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