Integration of Receivables and Collectibles
- All existing and future receivables, collectibles, and payments due to the FRF are transferred and integrated into the CIGLF.
- NACIDA, as the owner of the CIGLF, is responsible for collecting all such amounts.
- The Philippine National Bank continues as the official depository bank, accepting payments on behalf of the CIGLF.
Transfer of Records and Documents
- All records, papers, and documents of the FRF shall be immediately transferred to NACIDA for administration and management.
Coordination for Fund Transfer Procedures
- The Central Bank of the Philippines, Philippine National Bank, and NACIDA are tasked with formulating and implementing procedures for the effective transfer of funds and accounts as outlined.
Repealing Clause
- Any law, decree, order, or regulation inconsistent with the provisions of this executive order is repealed or amended accordingly to conform.
Immediate Effectivity
- The executive order takes effect immediately upon issuance, ensuring prompt implementation of all transfer and abolition directives.