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Tanya maintains a foreign currency account in HSBC-Makati Branch with a total deposit of 675,000.00 US Dollars. QUESTION: Are those deposits insured under the PDIC

Tanya maintains a foreign currency account in HSBC-Makati Branch with a total deposit of 675,000.00 US Dollars.

QUESTION: Are those deposits insured under the PDIC Law? Are those deposits likewise covered by the protection of the Bank Secrecy Law?

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