This case has been cited 3 times or more.
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2015-10-19 |
JARDELEZA, J. |
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| A liquidation proceeding, on the other hand, is a special proceeding involving the administration and disposition, with judicial intervention, of an insolvent's assets for the benefit of its creditors.[68] Under the Central Bank Act, this proceeding is cognizable by the Regional Trial Courts.[69] | |||||
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2015-04-21 |
PERALTA, J. |
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| Year Annual Rate of Return for All Maturities 1940 1.500 1941 1.500 1942 1.500 1943 1.500 1944 1.500 1945 1.500 1946 1.500 1947 1.500 1948 1.500 1949 1.500 1950 2.000 1951 2.000 1952 1.875 1953 2.125 1954 2.250 1955 1.750 1956 1.750 1957 1.879 1958 2.549 1959 2.599 1960 3.000 1961 3.000 1962 3.000 1963 3.500 1964 3.500 1965 4.000 1966 6.603 1967 6.348 1968 6.944 1969 8.566 1970 13.372 1971 12.038 1972 12.154 1973 9.664 1974 10.260 1975 10.475 1976 10.406 1977 11.161 1978 10.950 1979 12.178 1980 12.316 1981 12.914 1982 14.415 1983 14.544 1984 36.985 1985 27.048 1986 16.040 1987 12.888 1988 15.510 1989 19.678 1990 24.742 1991 22.489 1992 17.008 1993 13.141 1994 13.750 1995 12.457 1996 13.014 1997 13.297 1998 16.283 1999 11.025 2000 10.904 2001 11.054 2002 6.038 2003 6.654 2004 8.127 2005 7.528 2006 6.196 2007 4.210 2008 6.355 2009 4.456 2010 4.034 2011 1.867 2012 1.826 2013 0.564 2014 1.495 AVERAGE 8.237 With the enactment of Republic Act No. 245 in 1948, the Secretary of Finance was authorized to issue, among others, "[t]reasury bills issued on a discount basis and payable at maturity without interest. Treasury bills may be offered for sale either on a competitive basis or at a fixed rate of discount and may be made payable at any date not later than one year from the date of issue."[66] The Central Bank began offering one-year treasury bills in 1949. Prior to that, upon the Central Bank's creation, it assumed the liability of the treasury certificate fund offered by the Treasurer of the Philippines.[67] Considering that treasury certificates are also short-term money instruments, they can be said to be the predecessor of treasury bills as we know them now. | |||||