2020 Landbank Products Services
2020 Landbank Products Services
1. DEPOSIT PRODUCTS
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Cashless Fund Bills
Transactions Deposits Withdrawals
Purchase Transfer Payment
Over-the- √
√
counter
ATM √ √
Cash Deposit
√
Machine
Point of Sale √
Internet
√ √
Banking
Cashless purchases may be done through any POS terminal of partner merchants
from department stores, supermarkets, and accredited establishments.
• Peso Earning Access & Sure Yield (EASY) Check with ATM Access
An interest-bearing peso savings account wherein deposit, withdrawals, and
cashless purchase can be done through following channels:
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Cashless purchases may be done through any POS terminal of partner merchants
from department stores, supermarkets and accredited establishments.
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The LANDBANK Mobile Banking Application (MBA) is a free mobile application
that provides clients convenient access to the Bank’s wide array of services
through their smartphones. All clients with iAccess account are eligible for MBA.
• LANDBANK Link.BizPortal
The LANDBANK Link.BizPortal is a web-based electronic payment facility that
allows clients to pay for various products and services from both the government
and private institutions.
• LANDBANK e-Card
The LANDBANK e-Card is an ATM deposit account which also serves as a
company ID card for private and government organizations. It can be modified to
meet the design and functional needs of the customer.
• Easy Padala
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Easy Padala is a web-based remittance system that processes incoming and
outgoing remittances 24 hours a day, seven days a week, offering a quick and
secure way of sending for OFWs to transmit their hard-earned money to their
beneficiaries on a real time basis.
• Globe G-Cash
Globe G-Cash accepts payments to government agencies (Bureau of Internal
Revenue and Department of Trade and Industry) through Globe G-Cash.
3. AGRARIAN SERVICES
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Processing, preparation and approval of payment to landowner for land transfer
claims in the form of cash and Agrarian Reform (AR) Bonds generated by
LANDBANK.
For AR Bonds, 10% of the face value of the bond matures every year up to the
10th year. Payment of interest is based on the outstanding principal balance of the
AR Bond at rates aligned with the 91-day Treasury Bill rates, every six months
from date of issue until the tenth year.
For 25-Year LANDBANK Bonds, full redemption/payment at face value of the bond
is made on its maturity date, including accrued interest computed at 6% per
annum, tax free.
Assistance to Landowners
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not later than seven working days from the time the document is generated from
the system.
4. LOAN PRODUCTS
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• Expanded Rice Credit Assistance under Rice Competitiveness Enhancement
Fund (ERCA-RCEF)
A credit facility created pursuant to RA No. 11203 or the Rice Tariffication Law that
aims to help increase the productivity of rice farmers and their cooperatives by
providing financial assistance to rice-related projects such as rice production,
acquisition and establishment of agricultural production and processing facilities,
and farm improvement.
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• Masustansyang Inumin Para sa Likas na Kalusugan (MILK)
A program tie-up with the National Dairy Authority (NDA) under the DA and
LANDBANK to provide financial and technical support to small farmer co-ops,
federations, SMEs, large agribusiness enterprises, and rural/cooperative/thrift
banks to support dairy production, processing, marketing and other dairy-based
economic activities.
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C. LANDBANK In-House Agricultural Programs
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• Sulong Saka Program
A program that extends credit assistance to various qualified stakeholders to
support their production, processing, marketing, and other agribusiness projects
and to contribute to the overall effort of the government in generating employment
and pursuing the attainment of inclusive growth in the countryside.
• Mortgage Loan
A credit facility available for eligible clients to make use of their real estate
property as loan security to a multi-purpose loan from the Bank.
E. Salary Loan
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An electronic-based salary loan product of LANDBANK that offers eligible
employees of government agencies and private institutions with a facility to apply
for salary loan, inquire loan details, payment history, and conduct loan payment
through LANDBANK’s electronic banking channels such as the Mobile Banking
Application (MBA) and receive notifications through SMS or email.
G. Rehabilitation Programs
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A credit facility for developers of economic zones.
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to enforce and take charge of overall rehabilitation and management of sustaining
the Manila Bay.
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The Program extends credit assistance to qualified players in the franchising
industry, particularly the franchisees and franchisors.
• Health-Plus Program
A loan program which aims to provide credit assistance to government units,
medical colleges/universities and private medical and health goods/services
providers mandated to and engaged in the delivery of healthcare goods and
services
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A financing program that aims to provide transport cooperatives or corporations
valuable financing assistance to modernize their facilities, achieve effective fleet
management and provide a convenient and safe public conveyance system.
• Interim Students’ Loan for Tuitions towards Upliftment of Education for the
Development of the Youth (I-STUDY) Lending Program
This program aims to provide financial assistance to help parents adversely
affected by the economic crisis brought about by the pandemic, to send their
children to school by financing tuition fee requirements and gadgets needed as
aids in the online learning system.
A. Deposit Transactions
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Bank Drafts
Negotiable instruments issued by a foreign or local bank and drawn against said
bank’s demand deposit account with a foreign correspondent bank
Money Orders
Negotiable instruments issued by a bank in the form of a money order drawn
against its depository bank or themselves
Personal Checks
Negotiable instruments issued by an individual drawn against his/ her demand
account with a foreign bank
B. Withdrawal Transactions
C. FX Currency Purchase
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• Outright Purchase of FX Instruments
Via Bank Draft
Negotiable instruments purchased by clients and issued by the bank that are
drawn against the bank’s demand deposit account with a foreign correspondent
bank
Company Check
Negotiable instruments issued by a company/firm to their client and drawn against
their demand deposit account with a foreign bank
Personal Checks
A negotiable instrument issued by an individual drawn against his/her demand
deposit account with a foreign bank
D. Inward Remittances
• Inward Remittances
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Inward Remittances received from remittance agency partners (RAPs) via
tested/original copy of payment orders/SWIFT for credit to LANDBANK account
payable to a certain beneficiary.
A. Export
• Inward Remittances
These are incoming telegraphic transfers representing export proceeds remitted
by the exporter’s buyer and credited to LANDBANK’s account with the foreign
bank. LANDBANK acts only as receiver or channel of payment.
B. Import
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• Issuance of Guarantee (Against Foreign Back Counter-Guarantee)
A guarantee issued by the Bank in favor of a local beneficiary against a foreign
correspondent bank counter-guarantee which the latter issued on behalf of their
customer.
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Shipping guarantee issued by the Bank to the shipping line requesting the release
of goods to the importer pending receipt of the original Bill of Lading and/or Airway
Bill. The shipping guarantee issued should be canceled upon importer's receipt of
the original Bill of Lading/Airway Bill.
7. INVESTMENTS
A. Trust Arrangements
A type of fiduciary relationship whereby legal title to funds and/or properties of the
Trustor is transferred to LANDBANK Trust Banking Group (TBG), subject to an
equitable obligation to administer, hold, and manage such funds and/or properties for
the use, benefit, or advantage of the trustor or other designated beneficiaries.
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• LANDBANK Money Market Fund
A conservative fund suitable for financial objectives with an investment horizon of
one year or less. The fund aims to provide high liquidity, decent returns, and
minimal risk on the invested capital, from placements in short-term investments.
Personal Equity & Retirement Account – Unit Investment Trust Funds (PERA-
UITFs)
PERA-UITFs are open-ended pooled fund that are invested collectively in a
diversified portfolio of PERA investment products associated with the Contributor’s
investment and risk profile, and/or age of near retirement.
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A dollar-denominated fund intended for PERA Contributors with moderate risk
profile and are more than three years away from retirement. The fund aims to
generate relatively moderate returns from their capital through investments in
dollar-denominated fixed income securities issued by the National Government
and by local companies.
Employee Benefit
This refers to trust arrangements established to hold the assets of an employee
benefit plan wherein the beneficiaries are the employees of the corporation or
institution.
Pre-Need Accounts
This refers to trust arrangements established by pre-need companies in compliance
with the regulatory requirement to maintain trust accounts for such activities.
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trustor is established during the lifetime of the trustor, with the purpose of providing
for the financial needs of the trustor and/or their designated beneficiaries.
• Escrow Agency
LANDBANK TBG, as an Escrow Agent, acts as a third and impartial party to
intervene or to hold in escrow contracts involving money, securities, property titles,
or documents to secure faithful compliance by either or both parties with the terms
of the contract.
POEA Escrow
The POEA Escrow is based on Part II, Rule II of the 2002 POEA rules and
regulations governing the recruitment and employment of land-based Overseas
Filipino Workers (OFW) and on Part II, Rule II, 2003 POEA rules and regulations
governing the recruitment and employment of seafarers. This is a standard escrow
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arrangement required by the POEA in the application and renewal for a license of
overseas employment agencies. All overseas employment agencies are required
to set up an Escrow account with an accredited reputable bank and deliver to the
Escrow agent the amount of at least P1 million or US $20,000. This is to ensure
that there are funds set aside by the manning/recruitment agency for any
eventuality of garnishment due to disputes between the manning/recruitment
agency and the OFW.
• Safekeeping Services
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LANDBANK-TBG provides a complete range of custody and safekeeping solutions
to meet the client’s objectives. LANDBANK-TBG receives, safekeeps, delivers,
records, and preserves the properties consisting of non-marketable securities,
titles, and other documents placed under safekeeping and deliver the same, upon
instruction by the client.
Treasury Products
B. Corporate Securities
Corporate securities are medium to long-term debt instruments issued by public or
private corporations to finance their operations. They are not deposit products and
are, hence, not covered by PDIC. They offer fixed coupon rates and provide higher
yields compared to deposit products. These corporate securities may include senior
unsecured bonds/corporate notes and subordinated notes.
C. LANDBANK Issues
• Bank Bonds
Bank Bonds are fixed-income securities with stated interest rates and fixed dates for
interest and principal payments.
Investment Banking
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• Debt and Equity Underwriting
Underwriting is the service of guaranteeing the sale of bonds, stocks, or other forms
of securities. The underwriter assures the issuer that the funds will be raised through
a firm underwriting commitment. Under a firm commitment, the underwriter is required
to take-up the unsubscribed or unsold portion of the securities. Thus, a good
underwriter must have strong marketing capabilities for the sale of securities and
strong financial resources to deliver on its underwriting commitment in the event of
under subscription.
• Financial Advisory
Financial advisory is the service of providing sound advice to clients who want to
explore various options for raising funds. Normally, borrowers or issuers hire financial
advisors to assist in structuring or packaging the terms of financing required, i.e.,
amount, tenor, rates, and the like.
• Loan Arrangement
Loan arrangement is the service of assisting borrowers raise funds via traditional
bank debt financing. Loans may be tapped solely from LANDBANK or a syndicate of
lenders led by LANDBANK (i.e., syndicated loan).
• Privatization
Privatization covers financial advisory, arrangement, and underwriting services for
various Government agencies which intend to raise funds via disposition of assets or
shares. The role of the advisor is to render advice on the appropriate mode of
disposition to be applied, such as (a) straight sale or auction of assets, (b) sale to
strategic or financial investors, and (c) initial public offering (IPO). LANDBANK, as the
lead underwriter, may guarantee the distribution of shares for privatizations, among
others.
• Project Finance
Project Finance is a loan arrangement involving a specific project, separate and
distinct entity from the project sponsor. Under this type of deal, the collateral is limited
to the project assets and lenders have limited recourse to project sponsors. The
sponsors are almost isolated from the obligations of the project. Its cashflows are
mainly from revenues of the project.
8. ANCILLARY PRODUCTS
• Payroll Services
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Payroll is facilitated by debiting the total payroll amount from the client firm's
account and crediting each of the individual ATM accounts of employees on the
payroll date. Clients such as government agencies and private corporations must
maintain a significant level of deposits with the Bank.
• Manager’s Check
Manager's Checks are negotiable instruments that are being sold by LANDBANK
to clients. Manager's Check may be presented for encashment to the issuing
LANDBANK branch or deposited to any bank subject to one-day clearing.
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