Bankers Association of the Philippines (BAP) Announcement on Shift to PHPBVAL Display to 4 Decimal Points

To all Participants in the GS Market:

We are pleased to announce that commencing Feb. 1, 2021, the BVAL reference rates to be published on the PDEx website and on Bloomberg terminals shall be changed to show 4 decimal places from the existing 3 decimal places of accuracy. This enhancement is aimed to provide increased market transparency and accuracy.
Thank you.
Cesar Santos, Jr.
For the Bankers Association of the Philippines
as GS Benchmark Administrator

Return to Regular PHPBVAL Publication Timeline

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
 MarketPage  2:45PM  4:45PM
 PDS Website  3:00PM  5:00PM


Please note as well the pricing sources to be used for the following PHPBVAL data sets: 

• PHPBVAL for Benchmark Tenors – BVT5 ( 5PM Tokyo Time)
• PHPBVAL for Government Securities – BVT5 ( 5PM Tokyo Time)

PDS Group Regular Trading and Settlement Hours Resumes on 01 December 2020

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
Trading Services  
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
Settlement Services  
FI Delivery versus Payment System 09:00 AM – 4:00 PM
Registry Services 09:00 AM – 4:00 PM
Transfer Services  
Renminbi Transfer System 09:00 AM – 2:45 PM
Depository Services  
FI Depository 09:00 AM – 5:00 PM
Equity Depository 09:00 AM – 4:30 PM (in coordination with SCCP)

For Trading:

  • 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

For Settlement:

  • Please authorize all transactions within the settlement timelines

For your guidance and information.