The document provides an overview of the Philippine financial market, including financial institutions and the money and capital markets. It discusses the key functions of financial institutions like banks and non-bank financial intermediaries. It also describes the money market, which facilitates short-term lending and borrowing, and the capital market, which provides medium to long-term financing through debt and equity instruments. The Philippine Stock Exchange is discussed as the main securities market in the Philippines, along with common stock and bond instruments and basic procedures for buying and selling stocks.
35. Transaction Fees FEES/TAXES SELLER BUYER a. Brokerage Commission (maximum of 1.5% of transaction cost + 12% VAT) X X b. SCCP Fee of 0.0001 x value of transaction X X b. Transfer Fee of Php 100.00 + 12% VAT X d. Cancellation Fee of Php 20.00 + 12% VAT X e. Stock Transaction Tax (½ of 1% value of transaction in lieu of capital gains tax) X
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