Update on Participating PDST Fixing BanksPosted on: January 5, 2015
Please be informed that the Bankers Association of the Philippines (BAP) has approved the voluntary withdrawal of Citibank, N.A. (CIPH) from its participation as a PDS Treasury Reference Rates (PDST) Fixing Bank under the Rules for PDST Fixing Banks.
The cessation of CIPH’s participation as a PDST Fixing Bank is effective today, 05 January 2015. The PDST-F, PDST-R1 and PDST-R2 rates calculated and published for today do not include contributions from CIPH. Henceforth PDST-F, PDST-R1 and PDST-R2 rates calculated and published shall no longer consider any firm bid yields posted by CIPH.