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Download 3-PDIC-LAW' With You by ['beachyliarah'] in PDF format completely FREE. No registration required, no payment needed. Get instant access to this valuable resource on PDFdrive.to!
About 3-PDIC-LAW' With You
The document discusses the Philippine Deposit Insurance Corporation (PDIC) Law. It was established in 1963 by Republic Act 3591 to insure bank deposits. Key points include: 1. PDIC provides deposit insurance of up to PHP 500,000 per depositor per bank and is funded through bank assessments. 2. It works with the central bank to examine banks and resolve distressed banks. 3. Upon bank closure, PDIC acts as receiver and liquidator, managing closed bank assets for creditor benefit. 4. Only deposits in commercial and thrift banks are insured; exclusions include investment products and unlawful deposits. Insurance applies separately for each bank rather than aggregating across banks.
Detailed Information
| Author: | ['beachyliarah'] |
|---|---|
| Publication Year: | 2024 |
| Pages: | 15 |
| Language: | English |
| Format: | |
| Price: | FREE |
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