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CITIZEN’S CHARTER

In line with DBP Leasing Corporation’s (DBP-LC) mission to provide its clients access to relevant leasing and related financing services in support of government priorities and nationwide development, DBP-LC presents its mantra for delivering quality service to its clients thru its Mission Statement, Corporate Vision Statement, Core Values and Citizen’s Charter.

OUR MISSION STATEMENT

To provide public and private enterprises access to relevant leasing and related financing services in support of government priorities and nationwide development.

OUR CORPORATE VISION STATEMENT

“By 2020, DBP-LC shall be a major provider of leasing and other asset-based financing services to the public and private sectors in support of the government’s priorities to bring about nationwide development.”

OUR CORE VALUES

 

Integrity

-

Honesty, Probity, Honor

 

 

Transparency

-

Clarity, Simplicity, Accountability

 

 

Quality

-

Excellence, Customer Satisfaction, Value

 

 

Relevance

-

Significance, Importance, Development

 

 

Teamwork

-

Harmony, Cooperation, Synergy

 

Name of Agency:

DBP Leasing Corporation

Front-Line Service:

Loan/Lease Initial Application Inquiry

Clients:

Legal Entities (corporations, cooperatives, single proprietorships and cooperatives), Government Agencies and GOCC’s

Requirements:

Anti-Money Laundering Act (AMLA) / BSP Circular 855 / Other Regulations Governing Credit Practice and KYC

Schedule of Availment of Service:

Monday to Friday, 8:00AM to 5:00PM

Duration of Process:

Maximum of 5 Working Hours

STEP

Action to be Taken

Personnel Responsible

Duration of Activity (with Complete Requirements)

Fees

Forms Used / Documents Required

Applicant

Frontline Unit

1

Proceed to DBPLC Office at the G/FF DBP HO Bldg., Makati

Conduct initial interview and discuss the lease/loan preliminary requirements.

Account Officer (AO) / Marketing Assistant (MA)

1-2 Hours

None

None

2

Obtain Credit Application Form, Curriculum Vitae Form and Checklist of Pre-Approval Requirements which include:

·         Copy of Business Registration (Mayor’s Permit, Business Permit, etc.)

·         Last 3yrs Audited Financial Statements

·         Copy of last 3yr ITR

·         Copy of SEC Registration, Articles of Incorporation & By-Laws (Corporations & Partnerships) and/or DTI Registration for Single Proprietors and Articles of Cooperation for Cooperatives

·         Copy of General Info Sheet

·         Complete Company History / Profile

·         Interim Financial Statement (if available)

·         List of Company’s Authorized Signatories who can transact with DBP-LC w/ TIN & 2 Valid IDs

·         Community Tax Certificate of the Company

·         Company latest 6 months bank statement

·         Listing of major clients and suppliers with contact persons and contact nos.

·         Listing of the assets to be financed (preferably with a formal quotation from suppliers)

·         Other Requirements (will vary depending on the company’s nature of business)

Provide Credit Application Form, Curriculum Vitae Form and Checklist of Pre-Approval Requirements

AO/MA

30 Minutes

None

As indicated

3

Client to take note of the briefing of the AO on the proper accomplishment of the forms and the pre-approval requirements as well as the indicative terms and condition of DBP-LC’s financing products and services.

AO to brief the client on the indicative terms and conditions of DBP-LC’s products and services. Furthermore, AO shall advise the client that preliminary evaluation/due diligence shall be conducted on the application upon submission of the complete pre-approval requirements. (Turn-Around-Time (TAT) shall begin upon complete submission of documents)

AO

30 – 45 Minutes

None

None

                       

Name of Agency:

DBP Leasing Corporation

Front-Line Service:

Loan/Lease Application Evaluation and Approval Process

Clients:

Legal Entities (corporations, cooperatives, etc.)

Requirements:

Anti-Money Laundering Act (AMLA) / BSP Circular 855 / Other Regulations Governing Credit Practice and KYC

Schedule of Availment of Service:

Monday to Friday, 8:00AM to 5:00PM

Duration of Process:

Minimum of 12 Working Days (from submission of complete pre-approval documents); Maximum of 20 Working days

STEP

Action to be Taken

Personnel Responsible

Duration of Activity (with Complete Requirements)

Fees

Forms Used / Documents Required

Applicant

Frontline Unit

1

Proceed to DBP-LC Office at the G/F DBP HO Bldg., Makati to deliver/submit complete pre-approval requirements

Review completeness and sufficiency of documents submitted by the client

Designated AO

30 Minutes – 1 Hour

None

Pre-Approval Documents

2

Confirms/clarifies the deficiencies, if any

Inform the client of any document deficiencies and/or inconsistencies, if any.

Designated AO

30 Minutes – 1 Hour

None

Pre-Approval Documents and Other Supporting Documents which may be deemed necessary for DBP-LC’s Credit Due Diligence

3

Responds and completes documentary deficiencies (if applicable)

Conduct credit pre-screening of the account based on submitted pre-approval documents.

Designated AO

 

None

Pre-Approval Documents and Other Supporting Documents which may be deemed necessary for DBP-LC’s Credit Due Diligence

4

Conforms to the proposal, if said quotation is deemed acceptable

Send proposal to the client, if account is initially established to be eligible for financing – optional

Designated AO

None

Offer Sheet

5

Conduct Credit Evaluation of the Account & Provide Feedback on credit related issues, if any

Designated Credit Analyst

None

Pre-Approval Documents and Other Supporting Documents which may be deemed necessary for DBP-LC’s Credit Due Diligence

6

Replies and answers the queries raised by DBP-LC’s AO & Credit Analyst (if applicable)

Inform client of inquiries raised by the Credit Analyst regarding the client’s business & credit related condition and practices, if any

Designated AO

None

Other Supporting Documents which may be deemed necessary for DBP-LC’ Credit Due Diligence

7

Client shall allow DBP-LC Personnel to conduct ocular inspection of business

Ocular inspection and validation of disclosures

AO and Credit Analyst

None

NA

8

Prepare Credit Application proposal for Presentation to Credit Approving Authorities

AO/Credit Analyst

1 Hour – 1 Day

None

NA

9

Presents account to Approving Authorities

Marketing Head &/or AO

None

NA

10

Acknowledges decision and confirms timetable of availment (if available)

Notify client of approval thru a Credit Advice

AO

None

Credit Advice

               

Notes:

1.     The approval process may vary depending on the complexities of the financial package required by the client.

2.     Processing and evaluation of the credit application is conducted simultaneously with other due diligence activities such as credit investigation, trade checkings, project and/or business site visit, industry studies etc.

Name of Agency:

DBP Leasing Corporation

Front-Line Service:

Loan/Lease Availment Documentation

Clients:

Legal Entities (corporations, cooperatives, etc.)

Requirements:

Anti-Money Laundering Act (AMLA) / BSP Circular 855 / Other Regulations Governing Credit Practice and KYC

Schedule of Availment of Service:

Monday to Friday, 8:00AM to 5:00PM

Duration of Process:

Maximum of 5 Working Days (from date of advice of the client’s intent to avail of their approved credit facility)

STEP

Action to be Taken

Personnel Responsible

Duration of Activity (with Complete Requirements)

Fees

Forms Used / Documents Required

Client

Frontline Unit

1

 

Advise the Client that Credit Application is approved

AO/MA

15-30 Minutes

None

Credit Advice

2

Advise the AO of intention to avail of approved credit facility

Request for supplier’s quotation from the client

AO

15 – 30 Minutes

None

3

Submit/Provide supplier’s quotation

Provide a credit advice showing the particulars of the availment

AO

None

Credit Advice

4

Conform to the credit advice

Prepare availment documents and related contracts

AO/MA and Doc. Specialist

None

As indicated below

5

Obtain loan or lease contracts and agreements as well as the List of Requirements for Release of Proceeds (depending on the type of facility):

  • Finance Lease

1.     Lease Schedule

2.     Disclosure Statement

3.     Payment Schedule

4.     Protocol of Delivery & Acceptance

·         Sale and Lease Back

1.     Deed of Sale

2.     Affidavit of Ownership and Non-Encumbrance

·         Amortized Commercial Loan

1.     Promissory Note

2.     Amortization Schedule

3.     Chattel Mortgage

4.     Affidavit of Good Faith

5.     Affidavit of Ownership & Non-Encumbrance

6.     Disclosure Statement

7.     Payment Schedule

·         Others

1.     Signed Credit Advice

2.     Signed Continuing Suretyship Agreement (if applicable)

3.     Filled-out Signature Card

4.     Signed Memorandum of Agreement (if applicable)

5.     Signed & Filled-out DBP Account Opening Certification (if applicable)

6.     Notarized Board Resolution

7.     Notarized Sec Certificate

8.     Photocopy of 2 Valid IDs of Signatory & Corp Sec.

9.     Post Dated Checks

10.  Insurance Policy

11.  Initial Cash Outlay Check

12.  Suppliers Documents

13.  Other Documents Applicable to the Asset and Type of Approved Credit Facility

Provide contracts and agreements and checklist of release requirements for proceeds

AO/MA

1 – 2 Days

Initial Cash Outlay

As indicated

Submits the require documents to the AO

Review and verify the Completeness of documents. Send feedback to clients in case of deficiency or incomplete submission. In case of completeness, prepare booking and endorse to Finance Group for funding and release of proceeds.

Doc. Specialist, AO & MA

1-2 Days

None

6

Client and/or supplier receives the proceeds.

Release of proceeds to client or supplier

Transaction Booking Specialist

30Mins. – 1 Hour

None

If Payable by Check:

FL – OR, Authorization of Authorized Signatory & Photocopy of ID

FL (Sale & Lease Back) – Acknowledgment Receipt, Authorization of Authorized Signatory, & Photocopy of ID

ACL (Direct) – OR, Authorization of Authorized Signatory to release proceeds to supplier

ACL (Payable to Client) & RD - Acknowledgment Receipt, Authorization of Authorized Signatory, & Photocopy of ID

If Payable by Credit to Account:

Authorization to credit account

               

Note:

1.    The availment process may vary depending on the complexity of the acquisition processes of the asset subject of the availment.

2.    Release of the proceeds of the credit facility is subject to the delivery and acceptance of the asset to be financed to and by the client. Submission of the complete release requirements is mandatory prior to the release of the proceeds of the loan or lease proceeds.

 

 

     DBPLC wants to serve you better! Should you have any comments, suggestions and queries to improve are services, you may readily write or coordinate with us through the following: 

Mailing Address:

                       DBP-Leasing Corporation

                      G/F DBP Bldg., Sen. Gil Puyat Ave.

                      cor. Makati Ave., Makati City

Email              : This email address is being protected from spambots. You need JavaScript enabled to view it. | This email address is being protected from spambots. You need JavaScript enabled to view it. 

Telephone Nos.

Direct Line     : (02) 8840-3962

Trunk Line     : (02) 8894-0265 locs. 41 or 26 

                    : (02) 8818-9511 loc. 2424

 

 

 

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