FCDU

AcronymDefinition
FCDUFederação Catarinense do Desporto Universitário (Portuguese: Santa Catarina State University Sports Federation; Brazil)
FCDUForeign Currency Deposit Unit (bank license; The Philippines)
References in periodicals archive ?
announced that as of end-September 2017, outstanding loans granted by FCDUs of banks stood at US$15.
FCDU loans also went to producers/manufacturers, including oil companies which borrowed $600 million or 4.
Investors need for a foreign currency denominated investment is evident in the steadily increasing size of banks' FCDU deposits.
8 percent of total outstanding FCDU loans at the end of the third quarter.
The maturity profile of outstanding FCDU loans was as follows: medium- to long-term loans or those payable over a term of more than one (1) year represented 58.
Outstanding FCDU loans to resident borrowers, which declined 0.
FCDU loans granted to commodity exporters, in the meantime, totaled $2.
The expansion of the FCDU loan portfolio may be attributed to the prevailing low interest rate environment, stable financial system, and positive business sentiment arising from strong macroeconomic fundamentals leading to the lower than expected but still positive GDP growth of 5.
The maturity profile of outstanding FCDU loans was as follows: medium- to long-term (MLT) loans or those payable over a term of more than one (1) year represented 61.
Previously, clients had to wait three days before transferring the foreign exchange to their FCDU.
Guinigundo noted that FCDU borrowers took advantage of affordable rates and a relatively stable peso-US dollar exchange rate to access funds.
The FCDU system was born at that time there was capital flight.