PHASE 1: Identification of Properties up to President's Approval

Documentary Requirements

Client/ Requesting Party

Office/Person Responsible Steps/Procedure Forms to Fill-out Fees Processing

Time

1 Identification of properties for ITPB, COMBIDS Acquired Assets Reviews/checks 3 daysNegotiated Sale Resolution, Masterlist Mgt. Division completeness of docs,

of Acquired Assets, (AAMD)/concerned evaluates proposal andEvaluation Sheet and Field Office (FO) endorses the same to thesupporting documents VP, Collection & Reme-

dial Mgt. Dept. (CRMD)and SVP, Cluster A.

2 Conducts marketing of identified AAMD/Concerned Advertises and scouts for continuingproperties FO prospective buyers.

3 Submission of Proposals OR for at least 10% Buyer Pays 10% Deposit. Information Sheet 1 daydeposit, Submits formal offer and Formal OfferInformation Sheet, Information Sheet.Formal Offer

4 Acceptance and Preliminary Information Sheet, Concerned FO Accepts/evaluates 2 daysEvaluation of Proposals Formal Offer, proposal and endorses

BI/CI Report, the same to AAMD.Information Sheet on the account

5 Evaluation of Proposals Information Sheet, AAMD Reviews/evaluates FO's a) 2 daysFormal Offer, recommendation andBI/CI Report, checks completeness ofInformation Sheet on submitted documents.the account

b) Endorses the same to the President.

6 Approval of Proposal Recommendation President Approves proposal. 1 day

Assumption: All pertinent documents are in order,have been duly accomplished and submitted.a) If lacking/erroneous documents, processing shall take longer and shall depend on the submission of lacking/corrected documents.b) A prescribed waiting period shall be observed to let other proposals to come in to maximize income for Quedancor. If there is none, AAMD

will proceed with the endorsement for approval. However, if other proposals were submitted within the waiting period, AAMD shall apprise theproponent.

TIME FRAME FOR DISPOSAL OF ACQUIRED ASSETS THRU NEGOTIATED SALEQUEDANCOR ACQUIRED ASSETS DISPOSAL SYSTEM

Type of Front-Line Service