Expected Dividend Advance (EDA)

In compliance with BSP Circular No. 789 Series of 2013, declaration and pay-out of dividends
to AFPSLAI members shall no longer be done quarterly but annually.
In this connection, AFPSLAI is offering the Expected Dividend Advance (EDA) facility to
provide for the financial needs of members on a quarterly basis.

GENERAL GUIDELINES
1. No interest or fees shall be charged.
2. The amount of EDA shall be based on the Lowest Quarterly Balance (LQB), the rate of
which will depend on the quarterly EDA rate that will be approved by the Board of
Trustees.
3. EDA shall be made available on the respective CCA after end of reference quarter, starting
on the following dates:
1st Quarter - April 25 or next working day
2nd Quarter - July 25 or next working day
3rd Quarter - October 25 or next working day
4. Amount of EDA may be rolled over to the CCA subject to existing prescribed limit on
account balance and quarterly deposit limits. Reference periods are as follows:
1st Qtr EDA shall form part of the 2nd Qtr placement
2nd Qtr EDA shall form part of the 3rd Qtr placement
3rd Qtr EDA shall form part of the 4th Qtr placement
5. Modes of distribution for the EDA that can no longer be considered for CCA (due to
quarterly deposit or account balance limit) shall include: (a) Transfer to 02 account, (b)
Transfer to other 01 account, (c) Check, or (d) Transfer to other banks.
For members with no designated transfer option, EDA shall be booked under Accounts
Payable, and will be released through check. Members should fill-out a form at the
Membership Section for their preferred mode of distribution for EDA. The forms are also
available in the AFPSLAI website.

APPLICATION FOR EDA

6. Availment of EDA shall be supported by an application form available in all branch and
extension offices, and in the website as a downloadable form.
7. Submission of duly-filled-out application form is until April 23, 2014.

EDA ENTITLEMENT
8. All members whose CCA balance is P 1,000 and above shall be qualified for computation of
EDA.
9. For members with loan, account should be current as of quarter-end for them to be entitled
to EDA.
10. If the loan account is classified as past due on a given quarter, the member shall not be
entitled to EDA on that given quarter. The member shall only be entitled to EDA on the
quarter the loan account becomes current.
11. In case of voluntary termination of membership, the member shall no longer be entitled to
EDA if the account closure and membership termination happened before the posting of
the EDA.
12. In case of death of the member, EDA entitlement shall be subject to existing guidelines on
dividend entitlement per MC# O-005-2012 dated March 23, 2012.

COLLECTION OF EDA
13. Total EDA received shall be offset from the annual dividend upon posting to the CCA.
14. In case of closed CCA prior to posting of annual dividend, EDA shall likewise be offset from
the corresponding dividend earned.
15. EDA that is not supposed to be granted (for accounts that remained active despite death of
the depositor) shall be reversed or deducted from the available account balance at the time
of account closure and membership termination.

MISCELLANEOUS PROVISION
16. Existing policy on Special Power of Attorney (SPA) shall apply during the EDA pay-out.