History

In 1931 some credit men met and discussed the Credit problem of
their companies. They envisioned a need to form an organization.
April 19, 1932 they formally formed the association as a non-stock
non-profit institution under the name of Association of Credit
Men, Inc.
In 1967 the Association formally changed its name to Credit
Management Association of the Philippines (CMAP) Inc.
At present CMAP has over 350 member companies from the
banking, financing, services, trading, manufacturing, and
insurance sectors of the Philippine business.
Also, affiliated with CMAP are regional credit associations from
Visayas and Mindanao.

Vision
Foster a strong and sturdy professional
association
Contribute to the financial stability of its
member and national economic growth
and progress
Nurture credit consciousness,
responsibility and discipline among
credit grantors and credit users

Mission
To make CMAP the premier credit management institution
To instill, develop and nurture credit consciousness,
responsibility and discipline
To promote active and voluntary interchange, mutual and
reciprocal use, of quality credit information
To establish maintain and perpetuate mutual confidence,
closer cooperation, fellowship and camaraderie among
creditmen
To promote continuing credit education
To ensure wise and healthy use of credit

Objectives

To promote active and voluntary

interchange of credit information amongst
members

To develop and nurture credit

consciousness among credit practitioners.

To instill discipline among credit users and

credit grantors.

To contribute to the country's economic

development thru effective credit

Membership
Regular members are members who may be business
organizations or individuals.
Currently, membership is organized on a per industry
group such as:
1. Banking
2. Trading
3. Financing/Lending Investors
4. Manufacturing
5. Services
6. Real Estate
7. Insurance
8. Telecommunications

- 23%
- 20%
- 19%
- 17%
- 10%
- 5%
- 4%
- 2%

Qualifications for
Regular Corporate member
1.Registered with the Securities and Exchange
Commission
2.Operating for at least two (2) years
3.Has a credit and/or collection unit within their
organization
4.Good business and credit reputation
5.Sound financial condition

Qualifications for
Individual member
1. Has competence and experience in the
field of credit and collection
management
2. Good business and credit reputation

CURRENT CMAP
BOARD OF DIRECTORS

BENNY T. PASAPORTE
President
Bank of the Philippine Islands

RODOLFO M. CARLOS JR.

Vice President
BDO Leasing & Finance, Inc.

Treasurer MARIZ S. VELICARIA

John
Asst. Secretary
Clements Consultants, Inc.

NEIL B. BINALLA

Philippine Savings Bank

MELINDA C. CLARIN
Secreatary
Stores Specialists, Inc.

MARIE CIELO T. VERAN

Asst. Treasurer
Development Bank of the Phils.

ANN JANET A. ANZURES

Director
China Banking Corp.

EDMUND D. LAURICIO
Director
K Servico Trade Inc.

ERDULFO S. SION
Director
Business Assistance Credit Corp.

MARGOT SANTOS
Director
Hongkong & Shanghai Banking Corp.

JOHN HENRY T. REYES

Director
Digitel Mobile Philippines Inc.

OSCAR G. GUMABAY
Ex-Officio
Rizal Commercial Banking Corp.

CMAP STANDING COMMITTEES

Credit Education and Research Committee is responsible for

providing continuing education and training to members and other
credit and collection practitioners through seminars and workshops on
various aspects of credit and collection management and other related
fields.

Credit Information Services Committee is responsible for providing

members with credit information services necessary to facilitate credit
evaluation and decision making.

Industry Group Committee is responsible for fostering closer

cooperation among members by grouping them according to industry or
line of business through industry group meeting where members
exchange credit and collection experiences and ideas, discuss and
resolve problems peculiar to their respective industry and facilitate
exchange of credit and collection information on common customers or
accounts.

Membership Committee is responsible for recruiting and sustaining

membership, processing and evaluating membership applications and
establishing and maintaining linkages with other credit associations.

Credit Congress Committee is responsible for the holding of the

Credit Congress which is the culminating activity of the Association
for fiscal year and its participation in the yearly celebration of the
"National Credit Consciousness Week".

Programs and Sports & Fellowship Committee is responsible for

the holding of regular memberschip meetings of the Association and
promoting physical fitness, fostering camaraderie and fellowship
among members through sports activities.

Legal and Ethics Committee is responsible for handling all legal

matters and issues involving CMAP.

Social Involvement Committee responsible for the outreach

Program of the Association.

Finance Committee is responsible in the preparation of Annual

Budget and overseeing the financial condition of CMAP.

Services
1. Listing of Court Cases is a compilation of court cases filed in
the different courts of Metro Manila, Batangas, Cavite,
Laguna, Cebu, Davao and almost all key cities in the
Philippines on the following categories:
a. Batas Pambansa # 22
b. Estafa
c. Foreclosure
d. Illegal Recruitment
e. Ejectment
f. Falsification of Public Document
g. Replevin
h. Sum of Money
i. Unlawful Detainer
j. Swindling
k. Attachment
L. Other Deceits

2. Listing of Returned Checks is a compilation of clients

who issued check(s) which was/we dishonored by
the drawee bank submitted by CMAP's members.
3. Listing of Accounts Endorsed to Lawyers is a
compilation of accounts endorsed to legal
submitted by the members of CMAP.
4. Listing of Past Due Accounts from
telecommunication companies.
5. Listing of Past Due Accounts from manufacturing
companies.

Activities
General membership meetings
Held Quarterly with invited Guest Speaker to talk on topic of current national importance and
common interest to the general membership.

Committee meetings
Held when necessary for the preparation of projects and activities to be undertaken by the
committee.

Seminars/Workshop
Conducts the following staple seminars/workshop

Property Appraisal Credit Investigation

Financial Analysis

Credit Analysis, Evaluation & Scoring

Forgery Detection & Fraud Prevention

Dynamics of Credit Transaction Documentation

Small Money Claims/Symposium on Income Tax Update

Collection Strategies & Technique

Skip Tracing, Property Search & Land Title Verification

Legal Aspect of Credit & Collection

Collection in Crisis Seminar

Account Management Seminar

Sports and fellowship activities

Sponsors the following sports & fellowship activities:

Bowling Tournament

Badminton Tournament

Christmas Bingo Social

Fun Run

National Credit Congress

This is the culminating activity and the associations
participation in the yearly celebration of National Credit
Consciousness Week held every April 24-30.

Membership Fee:
Annual Fee of Php7,000.00 *
One-time entrance fee of Php2,000.00
* Annual membership fee entitles member to:
- 10 account inquiries per month and in
excess, a Php10.00 per account will be
charge

CMAP SECRETARIAT

Juanito R. Banzuelo
Manager

Judy M. Tagle

Virginia G. Magpulong

Accountant

Clerk

Maria Ellen A. Anacito

Vernon C. Arguelles

Collection Assistant

Laiason Officer

Eduardo G. Baston
Messenger/Collector

GUIDELINES ON THE TREATMENT OF CMAP

NEGATIVE DATA
1. The Court Case, Returned Checks, Account a Referred to Lawyers and the
Negative Data from the Telecom Companies merely provide lead
information; they are not to be interpreted as a BLACK LISTING of
accounts.
2. The information is given with STRICT CONFIDENCE and without any
responsibility on the part of CMAP. The extension of credit or any decision is
determined in accordance with your own evaluation and judgment.
3. The Court Case Data Files is a SERVICE provided by the Association to the
members and gathered with good faith without liability for possible errors
with procuring, collecting and communicating the information gathered.
4. The law prohibits DISCLOSURE of any information related to loan
application.
5. Correction, amendments and updates of the files are disseminated to you.
Please give them appropriate attention and update accordingly.

GUIDELINES ON THE DISCLOSURE OF

INFORMATION
The identity of the source of information deserves the same
confidence as the information itself and should not be revealed to
anyone including the subject inquiry. Violations of the principle of
confidentiality will be ground for the following appropriate actions:

1.

Warning Memo first offense

2. Monetary Penalty of Php5,000 per disclosure second offense

3. Revocation of right to inquire from the data base third offense
4. Disaffiliation from the Association fourth offense

GUIDELINES ON UPDATING AND

DELETION OF DATA
Should the complainant be able to present verifiable
evidence
that
his/her
court
case
has
been
dismissed/settled/withdrawn and the CMAP Secretariat has
verified it with the court, the following guidelines must be
observed:
1. De-list name from central database.
2. Route via email or hand carried the list of the deleted name and
members must do the same accordingly, and
3. CMAP has no responsibility if member fails to update their own
data base.

REMINDERS

CMAP Negative Data Files merely provide lead information and not
a blacklisting of accounts.

It is gathered in good faith and provided by the Association as a

service to its members. Accuracy of this listing is not guaranteed so
members are requested to conduct actual verification on the status,
history nature of the case and the identity of the applicants
especially if it is a common name.

It does not constitute a recommendation or opinion in any manner

by the association. The extension of credit or any decision is
determined by the individual member in accordance with their own
evaluation and judgment.

The information is given in strict confidence. The law prohibit

disclosure of any information relative to loan application. The
identity of the source of information deserves the same confidence
as the information itself.

SUGGESTION FOR
DISAPPROVAL
SORRY BUT YOU /YOUR COMPANY
DID NOT PASS OUR CREDIT
STANDARDS
And for other industries, you may add
MAY WE SUGGEST YOU TRY
DEALING IN CASH FOR THE
MEANTIME

Room 401 Cattleya Condominium

#235 Salcedo Street, Legaspi Village,
Makati City
P.O. Box 2693 MCPO, Makati
Tel. Nos.: (632) 818-2372 / 817-8386
Fax Nos.: (632) 812-9880 / 892-9102
E-mail Address: cmaphil@pldtdsl.net
Website: www.cmaphil.com