Tel: (632) 811-4052 local 810
Email: cmdcphil@yahoo.com
CMDC ManifestoCMDC Remains CommittedCapital Market’s Share In the Task

CMDC Manifesto

We believe that the development of our economy requires readily available and more stable medium and long term funds to finance the capital requirements of productive enterprises which provide goods for local and export markets, create jobs and increase incomes.

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CMDC Remains Committed

To be a pro-active public-private sector partnership that is the very core of CMDC

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Capital Market’s Share In the Task

We in the capital market are eager to do our share in our own field as reflected in the Legislative initiatives herein.

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Credit Information System Act (CISA)

Establishment of the Central Credit Information Corporation and the Credit Information Syste

Background

There are many users of credit data, foremost of which, are banks and other lending institutions. Credit card companies, insurance companies, finance companies and even appliance or car retailers and microfinance institutions need credit data in one form or another. Different countries have responded in varying manner on how to address the need to access accurate and up- to-date credit information.

Some countries have a public credit registry while others operate via one or several private credit-reporting firms. There are different institutional arrangements for private credit registries, ranging from a model where there is ownership by banks or bank associations or the local Chamber of Commerce to one that is publicly owned –typically by the Central Bank. There are advantages as well as disadvantages to these arrangements, depending on the country’s financial and economic situation. For instance access to bank-held data may be facilitated if the registry is affiliated with bank associations and may have broader coverage, if it is likewise affiliated with the local Chamber of Commerce. On the other hand, there may be restrictions on access to data and independence of the credit bureau could likely be questioned. Both public and private registries however can be found in developed and emerging market economies. Both models rely on reciprocity or mutual information exchange whereby the supplier of information has access to the rest of the database available in the credit bureau or registry.

Personal Equity Retirement Account (PERA)

FINEX Capital Market Development Committee Comments on PERA Benefits to the Economy The FINEX Capital Market Development Committee supports the proposed retirement scheme bill, known as the Personal Equity Retirement […]

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Credit Information System Act (CISA)

Establishment of the Central Credit Information Corporation and the Credit Information Syste Background There are many users of credit data, foremost of which, are banks and other lending institutions. Credit […]

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Real Estate Investment Trust (REIT)

Shedding some light on REITs Business World The Financial Executive Column Billy Cortez March 20, 2007 This is something good for a change. As you cut through all the noise […]

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Financial Rehabilitation and Insolvency Act (FRIA)

PSE lauds new rules for financially distressed companies THE PHILIPPINE STOCK EXCHANGE (PSE) welcomes the approval by the Supreme Court of the 2008 Rules of Procedure on Corporate Rehabilitation which […]

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