Pursuant to the approval of the Senior Management Committee in a meeting held last 11 September 2017, the Revised Accreditation Guidelines for Privilege (Loyalty) Card Partner-Merchants  are hereby issued:

I.     OBJECTIVE

This Guidelines aims to implement a uniform system in the accreditation of eligible,   established   and  reputable   partner   establishments   capable   to sustain delivery  as Pag-IBIG  Fund Privilege  (Loyalty)  Card Partner- Merchants.

II.    MERCHANT ACCREDITATION

Accreditation  of partner-merchants  of the Pag-IBIG Fund Privilege Card Project is open to all business enterprises such as sole proprietorships, partnerships and corporations involved in the delivery of the following products and services:

1.    Food and Groceries
2.    Hospitalization
3.    Medicine
4.    Housing
5.    Education
6.    School Supplies
7.    Clothing
8.    Home Appliances
9.    Fuel
10. Transportation
11. Other members ™ needs

A.   Eligibility Requirements

Business  enterprises  who  shall  apply  as a partner-merchant  must  initially satisfy the following Eligibility Requirements using a Non-Discretionary  Pass or Fail Rating:

1.   HDMF Registration & Remittance

a.     Compliant with mandatory membership registration of the Fund
b.     Updated Remittances

2.   Department   of   Trade   &   Industry   (DTI)/Securities   &   Exchange
Commission (SEC) Registration;

3.   Local Government Permits & Licenses; and

4.   License from Appropriate Regulatory Agency/ies

Only applicants that comply with all the appropriate requirements shall be deemed eligible. Otherwise, they shall be considered ineligible.
 
Ineligible  applicants  may reapply for accreditation  six (6) months reckoned from date of disapproval.

B.   Assessment for Accreditation

Eligible applicants shall be assessed based on the following:

1.   Capacity  to provide quality products/services  to a significant  number of our membership;
2.   Established stature in the industry represented;
3.   Significance and value of the benefit offered; and
4.   Market  presence  in  the  region,  in  the  case  of  regional  partners  or nationwide market presence, in case of national partners;

All eligible applicants with a score of at least sixty (60) shall be considered for accreditation  as partner-merchants.  Applications  and assessment  based on the above criteria shall be submitted to the Office of the Senior Vice President, Member Services Operations Sector for approval.

C.   Approval of Accreditation

All applications and assessments of eligible applicants for accreditation as a partner-merchant shall be approved by the Chairperson of the Project Management Committee (PMC), subject to the recommendation of the Chairperson of Project Management Team (PMT).

D.   Automatic Renewal

All approved partnerships shall be automatically renewed for another term of two (2) years upon expiration  of the agreement  subject to the same terms and conditions enumerated in the Memorandum  of Agreement (MOA) or as may  be  provided  by  the  parties,  unless  the  Fund  or  partner-merchant receives written notice of non-renewal from the other party at least two (2) months prior to expiration of the MOA.

E.   Pre-Termination

Both parties reserve the right to pre-terminate  the agreement without cause at anytime, provided that written notice thereof shall be served to the other party  at  least  thirty  (30)  calendar   days  prior  to  its  intended   date  of termination.

The termination of the agreement shall be without prejudice to any rights or remedies  that a party may be entitled to under the MOA and shall neither affect  any  accrual  of  rights  in  favor  of  a  party  nor  the  coming  into  or continuance   in  force  of  any  provision  hereof  which  is  expressly  or  by implication intended to come into or continue in force on or after such termination.

All Notices of Termination shall be duly signed by the Chair or Vice-Chair of the PMC.

F.   Grounds for Automatic Termination of Accreditation
 
Each party shall be entitled in its discretion at any time to terminate the accreditation with immediate effect by written notice to the other party in any of the following events:

a.   Proceedings are commenced or a resolution is passed for the winding up or dissolution of the other party or proceedings are commenced for the judicial management of the said party or a receiver and manager is appointed over the said party or any of its assets;
b.   Garnishment,  distress  or  other  executions  is  levied  against  the  other party or any of its assets;
c.   The  other  party  enters  into  any  composition  or  arrangement  with  its creditors;
d.   The other  party  commits  a breach  of any  of its obligations  under  this
Agreement; or
e.  The other party or any of its officers, employees and/or agents is or is suspected to be involved in any fraudulent or unlawful activity whether or not relating to the party ™s business.

All Notices of Termination shall be duly signed by the Chair or Vice-Chair of the PMC.

III.   MECHANISM ON RESOLUTION OF ISSUES

Any issue  in the interpretation  and implementation  of this Guidelines  shall, as much  as possible,  be resolved  by the concerned  officer.  Matters  that are not hereby satisfactorily resolved shall be escalated to the next higher approving authority.

IV.  REPEALING CLAUSE

All other memoranda, rules, regulations and other issuances contrary to or inconsistent with the provisions of this Guidelines are hereby repealed, amended, or modified accordingly.

V.   EFFECTIVITY

This Circular takes effect after fifteen (15) days following the completion of its publication in the Official Gazette or in a newspaper of general circulation.