GENERAL MEMBERSHIP BRIEFING
Loandex2 Production Implementation
Amorsolo Room: Sign of the Anvil
BDO Corporate Center, 5th Flr.
Makati City
April 10, 2014, Thursday
1
AGENDA
•
•
•
•
•
•
•
Welcome Remarks
Review of Objectives – Why Loandex2?
Ready for Production
Migration Schedule (LISSA to LOANDEX2)
What happens after Full Migration?
Loandex2 Guidelines
Closing Remarks
2
Why LOANDEX
•
•
•
•
?
Reduce turnaround time from 5 to
days
By building a nd generation system
While it has taken
years
We are now only
weeks away from cutover date
This is it!
3
Ready for Production
• Parallel Test from Jan to April 2014
• Continuing Users Training Sessions
• Fixes, enhancements and additional reports
– Contemporaneous inquiries and responses
– Support for other currency, e.g. USD
– 5-day advance report
– Use of ‘ZZ’ in place of ‘ . ’
4
Parallel Test Participation
CONSISTENT
MODERATE
Asia United
Bangkok Bank
BDO
BPI




BCMB
Bank of Commerce
Chinatrust
HSBC
Chinabank
Deutsche Bank
DBP
EWB
METROBANK
PNB
Robinsons
Security Bank
Union Bank
UCPB










Landbank
MICB(ICBC)Mega Int’l
Maybank
PBCOM
PTC(Philtrust)
Philippine Veterans
RCBC
Standard Chartered
UOBP(United Overseas)
NON-PARTICIPATING












ANZ (Australia & New Zealand)
BTMU(Bank of Tokyo )
Citibank

LEGEND:
 - with Production USERIDs
5
DATE
LISSA / EQUICOM
LOANDEX2
INQUIRIES
RESPONSES
REPORTS
14 April2014
14 April2014
08 April2014
07 April2014
15 April2014
15 April2014
10 April2014
08 April2014
16 April2014
16 April2014
11 April2014
10 April2014
21 April2014
21 April2014
14 April2014
11 April2014
22 April2014
22 April2014
15 April2014
14 April2014
23 April2014
23 April2014
16 April2014
15 April2014
24 April2014
24 April2014
21 April2014
16 April2014
25 April2014
25 April2014
22 April2014
21 April2014
28 April2014
CUT-OVER
23 April2014
22 April2014
28 April2014
29 April2014
24 April2014
23 April2014
29 April2014
30 April2014
25 April2014
24 April2014
30 April2014
25 April2014
02 May2014
28 April2014
05 May2014
29 April2014
28 April2014
06 May2014
06 May2014
30 April2014
29 April2014
07 May2014
07 May2014
02 May2014
30 April2014
02 May2014
05 May2014
08 April2014
FULL MIGRATION COMPLETED
INQUIRIES
RESPONSES
REPORTS
• Migration of historical records
• Production Environment Setup
08 April2014
05 May2014
6
02 May2014
What happens after Full Migration?
31 March 2014 – Notice of Termination-Loandex Information
Systems Agreement sent to Equicom
• Full Migration Completed on May 05, 2014 (Monday)
• All LIS-related data/information in both hard and soft copies
will no longer be available from Equicom
• Support for LISSA/(LITA) will be discontinued
• New BAP Subject Numbers to be assigned by LDPC (starting
with 1xxxxxxxx) : all BAP Subject Numbers used during parallel
testing will be deleted
• Start of database build-up of completed reports as basis for
30-days advance report
• No responses from Non-BAP Participants in Credit Dealing
Reports (This will be part of phase 2)
7
Loandex2 Guidelines
5-Day Inquiry/Response/Report Cycle
• We will follow the existing 5-day cycle;
• Loandex2 allows for a dynamic inquiry/response cycle; partial
inquiry lists can be downloaded for response processing.
• Full credit dealing reports available on the 5th day.
8
Loandex2 Guidelines
Operating Hours
6 AM
-
System ready for use
12 NOON
-
Cut-off for same day broadcast of inquiries
5 PM
-
Cut-off for corrected inquiries
5:30 PM
-
Cut-off for responses due for the day
7 PM
-
Master Inquiry list ready for Download
10 PM
-
System Closed
9
Loandex2 Guidelines
Proper Inquiries for Corporate Accounts
• Use SEC or DTI Registered Name of the firm
• Inquire Trade/Firm Name of the Enterprise and the Name of
the Principal Owner separately
• LGU accounts (e.g. CITY OF <name of city>, MUNICIPALITY OF
<name of municipality followed by name of province>,
PROVINCE OF <name of province>, BARANGAY <name of
barangay followed by name of city>)
• Indicate complete address
10
Loandex2 Guidelines
Proper Inquiries for Individual Accounts
• Spell out the complete name with the surname written first,
followed by the given name and the middle name or initial.
• For “and” and “and/or” accounts (as in case of spouses,
where you are inquiring both of them), list these as two or
more distinct accounts
• Professional titles are written last on an individual name
• For Chinese/Korean names or any other foreign names
wherein you cannot determine which is the surname, the
given name, or the middle name, spell these out as is
• Indicate the complete address. Should there be more than
one(1) given address, indicate the other addresses as well
11
Loandex2 Guidelines
Penalties
• Erroneous / Inaccurate Responses – P100,000.00
• Late Response to Broadcasted Inquiries – P1,000.00 / Day
• Late Response to a Clarification Request – P1,000.00
Confidentiality
The information provided by the LDPC should be treated as
strictly confidential and should not be disclosed to any person or
entity except to bank officers and staff who are required to have
such information for the conduct of the bank’s business
operations.
12
Loandex2 Guidelines
Suspension of Operation
• The Loandex Data Processing Center (LDPC) operations shall
be suspended in case BAP suspends cheque clearing in
Metro Manila on account of inclement weather, such as,
typhoon, continuous rains and floods; calamities; among
others.
• Responses to inquiries due on the day the LDX2 is suspended
shall fall due on the succeeding banking day.
Helpdesk
• LDPC Operations
-
812-7213; 812-4942
• Access/Connectivity
-
812-4791; 813-6899
13
Loandex2 Guidelines
Broadcasting
• LDPC References
– Master directory of Individual and Corporate names with assigned BAP
Subject Numbers (last 3 yrs only : 1M records trimmed down to
550,000 records after migration)
– Business Name Registration System
– SEC i-Register, other references available from internet
– Business Profiles 2012-2013 Edition (PBPPI)
• Returned Inquiries
– Refer to inquiry guidelines
– LDPC interpretations of inquiries will vary from Equicom
• How to Minimize Returns and Avoid Penalties
– Use Master Directory as reference
– Use BAP Subject Numbers
– Include additional information, e.g. Birthdates
14
REMINDERS
• Submit User Registration Form for Certified Loandex
Operators
• Settle your Outstanding Loandex Payables
• Update your respective Directory Information (i.e. Name,
Rank/Position, Email Address, Mobile No./Landline No. of
Authorizing Officer and Certified Operators )
15
Q&A
16