ATTENTION: FI Trading Participants
In line with the return to regular trading hours for the Fixed Income Market, please be advised that effective 01 December 2020, the PHP BVAL Publications for Benchmark Tenors & Government Securities will like revert to the regular publication timeline as follows:
|From (Shortened Time)||To (Regular Time)|
|Bloomberg Terminal (PDEx <GO>)||2:30PM||4:30PM|
Please note as well the pricing sources to be used for the following PHPBVAL data sets:
Pursuant to the attached PhilPaSS Advisory No. BPU-2020-109 and BAP Notice on FX and FI Trading Operations under the Revised Trading, Clearing and Settlement Hours Effective December 1, 2020, please be advised that, PDS Group Fixed Income Trading and Settlement Services shall resume its regular trading and settlement hours starting 01 December 2020. However, in coordination with the Securities Clearing Corporation of the Philippines (SCCP), our Equity Depository services shall retain its shortened settlement hours at 4:30PM until further advised.
|PDS Group Services||Effective 01 December 2020|
|FI Market Trading||Pre-Open Session: 08:30 AM – 08:59 AM
AM Session: 09:00 AM – 12:00 NN
Trading Break: 12:01 PM – 01:59 PM
PM Session: 02:00 PM – 04:00 PM
Market Close: 04:00 PM
|FI Delivery versus Payment System||09:00 AM – 4:00 PM|
|Registry Services||09:00 AM – 4:00 PM|
|Renminbi Transfer System||09:00 AM – 2:45 PM|
|FI Depository||09:00 AM – 5:00 PM|
|Equity Depository||09:00 AM – 4:30 PM (in coordination with SCCP)|
- No trade cancellations after 4:00PM
- Execution of value today (T+0) trades is until 12:00PM only.
- Publication of Fixed Income data shall revert to its original publication time
- Please authorize all transactions within the settlement timelines
For your guidance and information.
Further to the PSE Circular 2020-0097 dated 13 November 2020, the BAP Memorandum to all Member Banks dated 13 November 2020, and the BSP PhilPaSS Advisory BPU-2020-105A regarding PhilPaSS Operations dated 13 November 2020, please be advised that all PDS Group services shall resume full operations today, Friday, 13 November 2020.
|PDS Group Services||13 November 2020|
|Fixed Income (FI) Market Trading||OPEN|
|FI Delivery versus Payment System||OPEN|
|Renminbi Transfer System||OPEN|
This advisory supersedes the earlier advisories.
For your information and guidance.
18 December 2020, Makati, Philippines — SL Agritech Corporation (SLAC) lists PHP 1.57 Billion Commercial Paper on Philippine Dealing & Exchange Corp. (PDEx). The SLAC Series M and Series N Commercial Paper were pegged at a discount rate of 4.2500% and 4.7500%, respectively. PDEx President and CEO Antonino A. Nakpil remarked, “This is now SL… (more)
Development Bank of the Philippines Returns to Local Debt Market with PHP 21 Billion Fixed Rate Bonds on PDEx
11 December 2020, Makati, Philippines — The Development Bank of the Philippines (DBP) returns to the local debt market with the listing of its PHP 21 Billion 2-year Fixed Rate Bonds on the Philippine Dealing & Exchange Corp. (PDEx). With a 2.500% discount rate per annum, this issue’s proceeds will fund various development projects in… (more)
09 December 2020, Makati, Philippines — Union Bank of the Philippines (UBP) lists its PHP 9 Billion 3-year and 5.25-year Bonds on the Philippine Dealing & Exchange Corp. (PDEx). The bonds carry an interest rate of 2.750% and 3.375% per annum, respectively, to be paid quarterly. The issuance exceeded its original size of PHP 3… (more)