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Credit Information Corporation
The Credit Information Corporation (CIC) is a government-owned and controlled corporation providing credit information system in the Philippines. It was created in 2008 by the Credit Information System Act (CISA) to construct a centralized, comprehensive credit information system for the collection and dissemination of accurate and fair information relevant to, or arising from, credit and credit-related activities of all entities participating in the financial system. This credit information is to be collected from various sources such as banks, financial institutions, insurance companies, financing companies, credit cooperatives, as well as utility companies and other businesses that extend loans. The CIC compiles this credit information to help creditors evaluate the ability of borrowers to pay. The credit information system is intended to straightforwardly address the need for dependable credit information of borrowers and is supposed to significantly improve the overall av ...
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ATTY
Atty may refer to: Slang *Attorney (other) *Slang for atomizer, a component of an electronic cigarette *Slang for Attleborough, Norfolk Surname *Alex Atty (1916–1973), American football offensive lineman *Atty Persse Henry Seymour "Atty" Persse (1869–1960) was a British racehorse trainer. He was Champion Trainer in 1930. Persse was commissioned a second-lieutenant in the Duke of Lancaster's Own Yeomanry The Duke of Lancaster's Own Yeomanry (DLOY) was ...
(1869–1960), British racehorse trainer {{Disambiguation ...
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TransUnion
TransUnion is an American consumer credit reporting agency. TransUnion collects and aggregates information on over one billion individual consumers in over thirty countries including "200 million files profiling nearly every credit-active consumer in the United States". Its customers include over 65,000 businesses. Based in Chicago, Illinois, TransUnion's 2014 revenue was US$1.3 billion. It is the smallest of the three largest credit agencies, along with Experian and Equifax (known as the "Big Three"). TransUnion also markets credit reports and other credit and fraud-protection products directly to consumers. Like all credit reporting agencies, the company is required by U.S. law to provide consumers with one free credit report every year. Additionally a growing segment of Transunion's business is its business offerings that use advanced big data, particularly its deep AI-TLOxp product. History TransUnion was originally formed in 1968 as a holding company for Union Tank Car C ...
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Credit Rating Agencies
A credit rating agency (CRA, also called a ratings service) is a company that assigns credit ratings, which rate a debtor's ability to pay back debt by making timely principal and interest payments and the likelihood of default. An agency may rate the creditworthiness of issuers of debt obligations, of debt instruments, and in some cases, of the servicers of the underlying debt, but not of individual consumers. Other forms of a rating agency include environmental, social and corporate governance (ESG) rating agencies and the Chinese Social Credit System. The debt instruments rated by CRAs include government bonds, corporate bonds, CDs, municipal bonds, preferred stock, and collateralized securities, such as mortgage-backed securities and collateralized debt obligations. The issuers of the obligations or securities may be companies, special purpose entities, state or local governments, non-profit organizations, or sovereign nations. A credit rating facilitates the trading of se ...
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2008 Establishments In The Philippines
8 (eight) is the natural number following 7 and preceding 9. In mathematics 8 is: * a composite number, its proper divisors being , , and . It is twice 4 or four times 2. * a power of two, being 2 (two cubed), and is the first number of the form , being an integer greater than 1. * the first number which is neither prime nor semiprime. * the base of the octal number system, which is mostly used with computers. In octal, one digit represents three bits. In modern computers, a byte is a grouping of eight bits, also called an octet. * a Fibonacci number, being plus . The next Fibonacci number is . 8 is the only positive Fibonacci number, aside from 1, that is a perfect cube. * the only nonzero perfect power that is one less than another perfect power, by Mihăilescu's Theorem. * the order of the smallest non-abelian group all of whose subgroups are normal. * the dimension of the octonions and is the highest possible dimension of a normed division algebra. * the first number ...
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Financial Services Companies Established In 2008
Finance is the study and discipline of money, currency and capital assets. It is related to, but not synonymous with economics, the study of production, distribution, and consumption of money, assets, goods and services (the discipline of financial economics bridges the two). Finance activities take place in financial systems at various scopes, thus the field can be roughly divided into personal, corporate, and public finance. In a financial system, assets are bought, sold, or traded as financial instruments, such as currencies, loans, bonds, shares, stocks, options, futures, etc. Assets can also be banked, invested, and insured to maximize value and minimize loss. In practice, risks are always present in any financial action and entities. A broad range of subfields within finance exist due to its wide scope. Asset, money, risk and investment management aim to maximize value and minimize volatility. Financial analysis is viability, stability, and profitability assessme ...
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Government-owned And Controlled Corporations Of The Philippines
State ownership, also called government ownership and public ownership, is the ownership of an industry, asset, or enterprise by the state or a public body representing a community, as opposed to an individual or private party. Public ownership specifically refers to industries selling goods and services to consumers and differs from public goods and government services financed out of a government's general budget. Public ownership can take place at the national, regional, local, or municipal levels of government; or can refer to non-governmental public ownership vested in autonomous public enterprises. Public ownership is one of the three major forms of property ownership, differentiated from private, collective/cooperative, and common ownership. In market-based economies, state-owned assets are often managed and operated as joint-stock corporations with a government owning all or a controlling stake of the company's shares. This form is often referred to as a state-owned e ...
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Credit Bureau In The Philippines
Credit Information Corporation or CIC announced the first six credit bureaus in the Philippines in 13 March 2016. The accredited credit bureaus consist of five international firms and one local credit bureau. According to CIC President Jaime Garchitorena, bureaus could start operations as soon as they become incorporated. The complete and substantial collection of credit data were planned to be ready by the end of 2016 or early 2017. Accredited bureaus Local firms * CIBI Information Also known as CIBI, formerly known as Credit Information Bureau, Inc., was the first credit bureau in the Philippines. CIBI started as a quasi government body under the Central Bank of the Philippines to initiate a credit information exchange system in the Philippines. In 1982, CIBI was founded and established by Presidential decree 1941 and was created under the Central Bank of the Philippines, now Bangko Sentral ng Pilipinas (BSP); the Securities and Exchange Commission (SEC) and the Financial E ...
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Compuscan
Compuscan is a South African credit bureau that provides consumer and commercial credit information within South Africa and other African nations. Founded in 1994 and headquartered in Stellenbosch, South Africa, Compuscan is a subsidiary of South African-based Compuscan Information Technologies. The company, which was originally focused on providing credit history reporting for microcredit transactions, is among South Africa's leading credit bureaus and is a member of the nation's Credit Bureau Association. The company also provides microcredit reporting services in the neighboring republics of Botswana and Namibia. In 2006, Compuscan was selected by the Bank of Uganda to build the first-ever Ugandan Credit Reference Bureau. This system, which was formally introduced in 2008, required Ugandan financial institutions to issue smart cards A smart card, chip card, or integrated circuit card (ICC or IC card) is a physical electronic authentication device, used to control access t ...
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Marlo R
Marlo is a name which may refer to: People Given name or nickname Notable people with the given name or nickname include: *Marlo Dahl (born 1972), Canadian curler *Marlo Hoogstraten (also known as MaRLo), Dutch DJ *Martin "Marlo" Hyland (1969–2006), Irish gangster *Marlo Carter Kirkpatrick (born 1965), American author and photographer *Marlo Koponen, Finnish ice hockey player *Marlo Lewis (1915–1993), American television executive producer, co-producer of ''The Ed Sullivan Show'' *Marlo Mendoza Peralta (born 1950), Roman Catholic Archbishop of Nueva Segovia in the Philippines *Marlo Morgan (born 1937), American author *Marlo Poras (born 1971), *Marlo Thomas (born 1937), American actress Surname Notable people with the surname include: *Ed Marlo (1913–1991), American magician Edward Malkowski *Karl Marlo, pseudonym of Karl Georg Winkelblech (1810–1865), German professor, scientist, chemist and state socialist *Micki Marlo (1928–2016), American model and singer Fictional c ...
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Department Of Finance (Philippines)
The Department of Finance (DOF; fil, Kagawaran ng Pananalapi) is the executive department of the Philippine government responsible for the formulation, institutionalization and administration of fiscal policies, management of the financial resources of the government, supervision of the revenue operations of all local government units, the review, approval and management of all public sector debt, and the rationalization, privatization and public accountability of corporations and assets owned, controlled or acquired by the government. History The Department of Finance was established on March 17, 1897, at the same time that the Revolutionary Government was founded in Naic, Cavite. General Baldomero Aguinaldo was appointed Director of Finance by General Emilio Aguinaldo. The Finance Director became the Secretary of the Treasury under the first constitutional republican government, the Biak-na-Bato Republic. In 1901, the Department of Finance and Justice was formally organized ...
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Securities And Exchange Commission
The U.S. Securities and Exchange Commission (SEC) is an independent agency of the United States federal government, created in the aftermath of the Wall Street Crash of 1929. The primary purpose of the SEC is to enforce the law against market manipulation. In addition to the Securities Exchange Act of 1934, which created it, the SEC enforces the Securities Act of 1933, the Trust Indenture Act of 1939, the Investment Company Act of 1940, the Investment Advisers Act of 1940, the Sarbanes–Oxley Act of 2002, and other statutes. The SEC was created by Section 4 of the Securities Exchange Act of 1934 (now codified as and commonly referred to as the Exchange Act or the 1934 Act). Overview The SEC has a three-part mission: to protect investors; maintain fair, orderly, and efficient markets; and facilitate capital formation. To achieve its mandate, the SEC enforces the statutory requirement that public companies and other regulated companies submit quarterly and annual re ...
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