SSS(Social Security System)

Brief History
SSS started operation on September 1,1957 with 211 personnel and assets of 6,732 initially SSS
granted only debt, disability,sickness and old age benefits.

Gilberto Teodora Sr."MR SSS - The man behind the development of SSS
Current President of SSS - Emmanuel Dooc
Current Assets - 444 billion
The monthly contribution are base on the compensation
The currrent SSS contribution rate is 11% of the monthly salary credit not exceeding 16,000 and
this being shared by the employer 7.37% and employee 3.63%
OFWs minimum monthly salary credit 5,000
Schedule of Contribution
Due dates of the Contribution
The Schedule of Payment defends upon the 10th last digits of employers number..
EMPLOYED - at least earning 1,000 a month and not exceeding 60 yrs.old.
VOLUNTARY /SELF EMPLOYED- those are not fall under the definition of employee
Selfemployedprofessional such as single proprierorship of business
Professional athletes, coaches and trainers.
BENEFITS
Sickness
Maternity
Disability
Retirement
Death
Funeral
LOANS
Member loans - ex.Salary loan
Housing loans - ex.Direct housing loan facility to workers organization member
Business loans- ex.ASENSO( Access of Small Enterprises to Sound Lending
Opportunities) SMes to give small medium enterprises.
PAWNSHOP
- also known as "Bahay Sanglaan".
- one of the easiest and most convenient sources of credit.
- Presidential Decree no. 114 also known as the Pawnshop Regulation Act.
Consist of:
* Pawner- shall refer to the borrower from a pawnshop.
* Pawnee- shall refer to the pawnshop or pawnbrocker.
* Pawn- is the personal property delivered by the pawner to the pawnee as security for loan.
* Pawn ticket- is the pawn brocker's receipt for a pawn.

Top 10 Pawnshops in the Philippines:

1) Tambunting Pawnshop
2) M Lhuillier Pawnshop
3) Cebuana Lhuillier Pawnshop
4) Prime Asia Pawnshop
5) Palawan Pawnshop
6) Henry Lhuillier Jewelry & Pawnshop
7) Acme Pawnshop
8) Pag-asa Pawnshop
9) Oro China Pawnshop
10) Cebu Ver-Rose Pawnshop

Investment House
An investment house, or investment bank, works primarily for corporations and governments.
These banks help raise money for their clients through debt and stock offerings. They also advise
companies on mergers and acquisitions, and help bring prospective buyers together with sellers.
Investment banks provide advisory services to investors, but primarily to larger institutional
customers such as pension and mutual funds.
An investment bank is a financial intermediary that specializes primarily in selling securities and
underwriting the issuance of new equity shares to raise capital funds. This is different from a
commercial bank, which specializes in deposits and commercial loans.
Investment banks mediate between companies that issue securities and the individuals or entities
wishing to purchase them. In this respect, investment banks operate along two main lines: a "buy"
side and a "sell" side. "Buy" side operations include services such as securities trading and
portfolio management. "Sell" side activities include underwriting new lines of stock, marketing
financial products, and publishing financial research.
Investment House within Metro Manila
*Investment House Association of Philippines
*State Investment House Incorporation
*Pentacaptal Investment Cirporation
Securities are a form of ownership that are traded on a secondary market. Securities allow you
to own the underlying asset without taking possession. For this reason, securities are readily
traded. That's also called being very liquid. They are easy to price, and so are an excellent
indicators of the underlying value of the assets. Traders must be licensed to buy and sell securities
to assure they are trained to follow the laws set by the Securities and Exchange Commission
(SEC).
There Are Three Types of Securities
1. Equity Securities - These allow you to own shares of a corporation. The most direct way is to
buy stocks of a company yourself. You can also profit by buying shares of a mutual fund, which
invests in the stocks for you. The secondary market for equity derivatives is the stock market, such
as the New York Stock Exchange and the NASDAQ.
2. Debt Securities - These allow you to provide loans, called bonds, to a company or even a
country. Corporate bonds are loans to a company. If the bonds are to a country, they are known as
sovereign debt.
3. Derivative Securities - Traders are always trying to find ways to get a higher return with less
risk. Therefore, innovative derivatives of underlying stocks and bonds are often developed. Stock
options allow you to trade in stocks without actually buying them upfront. For a small fee, you can
purchase a call option to buy the stock at a certain date at a certain price. If the stock price goes
up, you exercise your option and purchase the stock at your lower negotiated price, then
immediately resell it for the higher actual price.
Securities help the economy by making it easier for those with money to find those who need
investment capital. By making trading easy and available to many investors, securities make
markets more efficient. For example, the stock market makes it easy for investors to see which
companies are doing well, and which ones are not. Money can swiftly go to those companies that
are growing, thus rewarding performance and providing an incentive for further growth.