Pricing Transparency Workshop (Calculations on EIR) - Oct 05,2012 - Rural Bankers Association of the Philippines

Pricing Transparency Workshop (Calculations on EIR) – Oct 05,2012

September 3, 2012

FOR		: ALL PARTICIPATING RURAL BANKS

SUBJECT	: Pricing Transparency Workshop: Implementing New Rules in Truth
Lending

Dear Fellow Rural Bankers:

The Rural Bankers Association of the Philippines (RBAP), through the Rural
Bankers’ Research and Development Foundation, Inc. (RBRDFI) is pleased to
announce that it will conduct the seminar-workshop described below as part
of its continuing strategy to strengthen the rural banking industry:

Course Title:	Pricing Transparency Workshop:  Implementing
		        New Rules in Truth Lending
      			(BSP Cir 730 new calculations on Effective Interest Rate)

Speaker :	        Mr. Jove Tapiador
                        VP InterAsia Dev. Bank-, Regional Consultant of MABS,
                        Microfinance Specialist, Inclusive Business
Consultant-ADB
                        and Academian

Venue:	        RBAP Conference Room, RBAP Bldg., A. Soriano Ave., cor.
		       Arzobispo St., Intramuros, Manila

Schedule:	      05 October 2012 (Friday)   Duration: 1 day (8:30AM-5:30PM)

Participants:     Senior & Middle Level Loan Officers / Auditors,
Compliance Officer
		       /Credit and Remedial Management Officer, Credit Risk Officers

Registration Fee
a)	Early bird rate of Two Thousand Pesos only (P2, 000.00)/ per registrant
on or before September 21, 2012
b)	Two Thousand Four Hundred Pesos only (P2,400.00)/ per registrant after
September 21, 2012.
c)	Two Thousand Seven Hundred Pesos only (P2, 700.00).&#9827; Non-member
rural banks. To avail of the regular registration fee, non-member banks
are encouraged to apply for membership with RBAP/RBRDFI. Please call RBAP
for details.

Course Overview:

The Bangko Sentral ng Pilipinas (BSP) has issued Circular 730 and the
accompanying Memorandum M-2011-040 on regulations and calculation for
Effective Interest Rates (EIR) for all types of loans last year. The July
1, 2012 start of these rules have huge implications on how we disclose
rates, remain competitive, and earn from all our lending operations.

Rural banks are encouraged to understand thoroughly the impact it will
have to customers, especially on how they perceive the new effective
interest rates in contrast to current nominal rates. RBs are encouraged to
look at the banks loans that still use flat or add-on rates and see how
the shift to those based on declining balances will affect the bank’s
profitability and competiveness.

Participants to these events are advised to bring the following items to
maximize the learning opportunity:
1. Laptop running on Windows OS with MS Excel spreadsheet software (if
possible)
2. Rural Bank data on sample loan product with flat rates:
– Interest rate
– Finance charges
– Term of the loan
– Other conditions (forced savings amount, mandatory insurance); and,
– Frequency of collection.
3. Rural Bank sample disclosure forms

For your reservations, kindly observe our training policies:

1.	Deadline for submission of registration is not later that October 01,
2012.

2.	A Non-Refundable commitment fee of P1,200.00 per participant (50% of
the registration fee). Payments can be remitted to the Rural Bankers
Research and Development Foundation, Inc. bank account (Land Bank of the
Philippines – Intramuros Branch Savings Account Number 0012-1046-26).
Proof of payment (i.e., deposit slip) should be sent immediately
verification at (02) 527-2980. Check payments, should be payable to Rural
Bankers Research and Development Foundation, Inc. (RBRDFI)
3.	Reservation via telephone conversation is accepted. However,
Registration Form and commitment fee must be settled 10 days prior the
seminar date or September 21, 2012. Otherwise, reservation is considered
cancelled.
4.	Cancellation Policy:
a)	10 days prior the seminar date is entitled for a full refund.
b)	3 days prior to the seminar date is entitled for a half refund
c)	Participants who have paid but fail to show up for the seminar will
only be entitled to a rebate of 50% of the total registration fee.
d)	Special cases (health, accident etc.), with written notice, kindly
coordinate with RBRDFI staff for refund procedures and requirements.

Please be advised that we accept on a first-come-first-served basis with a
manageable level up to thirty (30) participants only.

Download the Confirmation Sheet in PDF