The Philippine Dealing System Holdings Corp. and its subsidiaries namely, the Philippine Dealing & Exchange Corp. (PDEx), the Philippine Depository & Trust Corp. (PDTC), the Philippine Securities Settlement Corp. (PSSC), and the PDS Academy for Market Development Corp. (PDS Academy), has completed the move to its new offices at BDO Equitable Tower.
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)
05 August 2019, Makati Philippines -Phoenix Petroleum Philippines, Inc. (PNX) lists its Series B of PHP 3.5 Billion Commercial Paper on the Philippine Dealing & Exchange Corp. (PDEx). With a 7% discount rate and maturity period of 360 days, this issue’s proceeds will fund the firm’s business requirements, particularly the importation/sale of its petroleum products…. (more)
24 July 2019, Makati Philippines – Philippine Savings Bank (PSBank) lists its Fixed Rate Bonds Due 2021 with a total issue size of PHP 6.3 Billion; approximately twice its initial target of PHP 3 Billion. With a quarterly coupon rate of 5.6% p.a., this issue hikes the year-to-date total of new listings on PDEx to… (more)
12 July 2019, Makati Philippines – Alsons Consolidated Resources, Inc. (ACR) lists its third commercial paper issuance worth PHP 1.1 Billion on the Philippine Dealing & Exchange Corp. (PDEx) organized secondary market. This additional issue from ACR increases its total outstanding listed amount to PHP 1.46 Billion Commercial Paper. The 18th listing for the year… (more)