BAP Advisory to Trading Participants: Inclusion of Done Deals in the calculation of PHP BVAL Reference Rates
BANKERS ASSOCIATION OF THE PHILIPPINES
BAP Advisory to Trading Participants
Inclusion of Done Deals in the calculation of PHP BVAL Reference Rates
We are pleased to announce that commencing today, November 9, 2018, PHP BVAL Reference Rates calculations already include rates from done deals for transactions with notional amounts equal to or greater than PHP 50 Million. This transaction cut-off of PHP50 Million is consistent with the previous transaction cut-off set for the calculation of PDST rates for individual trades. The delay in (more)
Advisory to Trading Participants
1. Published BVAL rates:
Please be advised that the BAP’s PHP BVAL Reference Rates (for Benchmark Tenors and for Government Securities) are now available on the terminals of Bloomberg, the Calculation Agent, and the website of PDEx, the Publication Agent.
a. On the Bloomberg terminals:
i. For the PHP BVAL Reference Rates for Government Securities, there are 3 PHP BVAL values displayed/published:
- BVAL Bid – is calculated from outstanding bids posted by market participants on the Bloomberg fixed (more)
Please be advised that effective Monday, October 29, 2018, the Bankers Association of the Philippines (BAP) will launch its new set of reference rates, the PHP BVAL Reference Rates to replace the current set of PDST Reference Rates (PDST-R1 & PDST-R2).
With the retirement of the PDST Reference Rates, PDEx shall cease to perform the daily calculation and publication of these rates after the last sets are published at the end of day of Friday, October 26, 2018. Please note that while the daily calculation and publication will cease, for parties interested in the historical data, the pages for the (more)
14 March 2019, Makati City, Philippines – Celebrated annually since 2006, the PDS Group Awards Night has hailed PDS members who have distinguished themselves over the past year, contributing to the growth and stability of the Philippine financial markets. A total of 51 awards, ranging from depository, custody, settlement, to fixed income market categories, were given… (more)
27 February 2019, Makati Philippines – Philippine National Bank (PNB) listed PHP 8.22 billion worth of Long-Term Negotiable Certificates of Time Deposit (LTNCTD) on the Philippine Dealing & Exchange Corp. (PDEx) bourse, the largest turnout in PNB’s offerings since it tapped the local debt market in 2014. This third listing from the banking sector brings… (more)
11 February 2019, Makati Philippines – BDO Unibank, Inc. (BDO), the country’s largest bank, listed on the Philippine Dealing & Exchange Corp. (PDEx) its maiden issue of PhP 35 Billion which marks the largest amount ever issued and listed through a single security. PDEx President and COO Antonino A. Nakpil complimented BDO’s active participation and… (more)