Baking and finance

• Pawnshop


  An establishment where money is lent on the security of personal property left in pawn
• Vital records


  Documents for registration
• Documents to be filed with DTI, SEC and/or BSP


  • Application under Oath (DTI)
  • Articles of Partnership/Incorporation (for partnership and/or corporation)
  • List of Partners/Stockholders/Directors/Officers
  • Personal Data Sheet of Owners/Partners/Incorporators/Directors/Officer
  • Projected Financial Statements covering the first twelve months of operations
  • Such other documents as may be required by the DTI, SEC or BSP
  • Certificate of Incorporation or registration with SEC or DTI
  • City/Municipal License
• BSP authority over pawnshop business


  Pawnshops have the power to engage in the business of lending money on the security of personal property, but subject to the regulatory and supervisory powers of the BSP
• BSP authority over pawnshop business


  1. Issue rules and regulations to implement the provisions

  2. Require reports of condition and other reports to determine compliance

  3. Exercise visitorial powers whenever deemed necessary

  4. Impose administrative sanctions including fines for violations
• Pawn ticket


  A document issued by the pawnbroker to the pawner containing details of the loan
• Information on pawn ticket


  • Name and residence of the pawner
  • Date when loan is granted
  • Amount of the principal loan
  • Interest rate in percent
  • Period of maturity
  • Description of the pawn
  • Signature of the pawnbroker or his authorized agent
  • Signature or thumbmark of the pawner or his authorized agent
  • Such other terms and conditions as may be agreed upon
• Informal financial institutions


  Unlicensed money lenders, whether usurers or not, that have become an institution due to their more dominant existence and greater impact on social and economic activities
• The nature of credit

  The rich and the poor need credit, and banks and other lending institutions are located only in cities and big towns
• To conduct its operations with due regard to the effect of international investment on business conditions in the member countries
• To bring about a smooth transition from a wartime to a peacetime economy during the immediate postwar years
• Capitalization of the World Bank

  $10 billion initial authorized capital stock divided into 100,000 shares of $100,000 each, increased to $152.25 billion in 1992
• Parts of World Bank capital subscription

  • 2% payable in gold or US dollars, freely usable
  • 18% payable in member country currency, lendable only with consent
  • 80% not available for lending, but subject to call
• Operational structure of the World Bank


  • Headquartered in Washington, DC, USA
  • Regional offices in Eastern Africa, Western Africa, Asia, Europe/Middle East/North Africa, Latin America and the Caribbean
• Areas of analysis for World Bank fund approval


  • Government Fiscal and Investment Policies
  • Development Planning
  • Achievement of Plan Targets
  • Pattern of Public Expenditures
  • Application of External Assistance
  • Mobilization and Allocation of Domestic Resources
  • Effectiveness of Foreign Trade and Investment Policies
  • Effectiveness of Institution's Building Programs
  • Others affecting political, social, and economic stability
• IMF


  The International Monetary Fund, established in 1946 with 173 member countries, concerned with establishing an international monetary system to support free trade and investment
• IMF member quotas


  Determine the amount of foreign exchange a member can draw and its voting power, payable 25% in gold/US dollars and 75% in own currency
• IMF objectives


  • Promote international monetary cooperation
  • Facilitate expansion and balanced growth of international trade
  • Promote exchange stability and orderly exchange arrangements
  • Assist in establishing a multilateral payments system
  • Provide confidence to members with balance of payments problems
  • Shorten and reduce disequilibrium in members' international balance of payments
• Extended Fund Facility


  An IMF facility
• Asian Development Bank


  An international development finance institution owned by its 52 member countries, launched in 1966 and headquartered in Manila
• Principal functions of the Asian Development Bank


  • Promote investment in the region
  • Utilize resources to give loans to less developed member countries
  • Meet requests for assistance in coordinating development policies and plans
  • Provide technical assistance for development projects and programs
  • Cooperate with the UN and other development organizations
  • Undertake other activities to advance its purpose
• Major sectors covered by ADB loans


  • Agriculture and agro-industry
  • Energy
  • Industry and non-fuel minerals
  • Development banks
  • Transport and communication
  • Water supply and sanitation
  • Education
  • Health and population
  • Multi-project loans