Resumption of All PDS Operations on 18 March 2020

Attention: ALL Fixed Income Trading, Clearing  and Settlement Members, PDDTS-PvP and RTS Members, and Depository Participants

Please be advised that the Inter-Agency Task Force has granted the PDS Group’s request for an exemption from the enhanced community quarantine and allowed deployment of its skeletal workforce for continued operation. The PDS Fixed Income Trading, Clearing, Settlement, FX Payment versus Payment, Payment and Transfer Operations (PDDTS and RTS), Depository and Registry Services shall resume full operations onWednesday, 18 March 2020.

The Equity depository system will resume operations on Thursday, 19 March 2020.
The shortened working hours previously announced will be implemented, as follows:

PDS Group Services

Effective 17 March 2020

FI Trading Services Pre-Open Session:   08:30AM – 08:59AM
AM Session:             09:00AM – 12:00NN
Trading Break:    12:01PM – 12:59PM
PM Session:       01:00PM – 02:00PM
Market Close:        02:00PM
Settlement  Services  
  • FI Delivery versus Payment System 

9:00AM to 2:00PM

  • FX PvP settlement

9:00AM to 2:00PM*

FI Registry Services

9:00AM to 4:00PM

Transfer Services  
  • Philippine Domestic Dollar Transfer System 

9:00AM to 2:00PM*

  • Renminbi Transfer System 

9:00AM to 2:45PM

Depository Services  
  • FI Depository 

9:00AM to 4:00PM

  •  Equity Depository 

9:00AM to 4:30PM

PvP and PDDTS systems will be available for viewing and downloading of reports until 4:00 PM

 

For your guidance and information.

Status of PDS Operations

Please be advised that the PDS Group is actively seeking an exemption to the enhanced community quarantine from the Inter-Agency Task Force in order for the PDS Fixed Income Trading, Clearing and Settlement, Payment and Transfer Operations (PDDTS and RTS) and Depository to operate under a public health emergency situation.

If granted, please await the next advisory for the resumption of our operations.

For your guidance and information.

IMPORTANT ADVISORY – Suspension of PDS Operations on 17 March 2020

ATTENTION :  TRADING, CLEARING & SETTLEMENT, PAYMENT AND TRANSFER SYSTEMS AND DEPOSITORY PARTICIPANTS
 
In line with the current public health emergency and the exclusion of the PDS Group from the exemptions to the enhanced community quarantine, please be advised that all PDS Fixed Income Trading, Clearing and Settlement, Payment and Transfer Operations (PDDTS and RTS), as well as Depository Operations are suspended from today, 17 March 2020, until further notice.
 
Standard procedures and rules for unscheduled holiday or force majeure situations shall be observed and implemented upon the resumption of normal operations.
 
For your guidance and information.
 

PDDTS-PvP New Settlement Timeline Effective 17 March 2020

Pursuant to BSP PhilPaSS Advisory No. BPU-2020-048 on the revised operating timelines and cut-off of the Philippine Payment and Settlement System (PhilPaSS), the Philippine Securities Settlement Corp. (PSSC) shall implement the 2:00PM cut-off for sending Payment vs. Payment (PvP) settlement instruction for the PHP leg to BSP’s PhilPaSS system effective 17 March 2020.

Please be further advised that PSSC will likewise enforce a 12:30pm cut-off for banks to authorize their PvP transactions.

For PDDTS Participants, the banks have until 2:00Pm to input and authorize their transactions. In coordination with Citibank request for extension can be submitted between 2:00PM-2:30PM, and inputting and authorization of trades is from 2:30PM-3:00PM.

The PSSC system will be available for viewing and downloading of reports until 4:00PM.

PvP
12:30PM Cut-off for banks to authorize their PvP transactions
2:00PM Cut-off for sending Payment vs. Payment (PvP) settlement instruction for the PHP leg to BSP’s  PhilPaSS system
3:00PM PhilPaSS Cut-off and Close

 

PDDTS
2:00PM Cut-off for banks to authorize PDDTS transactions
2:00PM-2:30PM Submission of Request for Extension form to PSSC
2:30PM-3:00PM Extension window for requesting PDDTS Participants to input and authorize their transactions

 

Please be guided accordingly.

PDS Group Operations 16 MARCH 2020

Attention:   ALL Fixed Income Trading Participants, Fixed Income and Foreign Exchange Settlement Members, and Depository Participants.

Date: 16 MARCH 2020

Except for the Equity Depository system which will end at 4:30 PM today, please be advised that PDS Trading of Fixed Income, FI Settlement, FI Registry and FI Depository Systems, and Transfer Services will observe the regular working hours for today,

PDS Group Services 16 March 2020
Trading Services  
Fixed Income (FI) Market Trading No change
Settlement Services  
FI Delivery versus Payment System No change
FX PvP settlement No change
FI Registry services No change No change
Transfer Services  
Philippine Domestic Dollar Transfer System No change
Renminbi Transfer System No change
Depository Services  
FI Depository No change
Equity Depository Up to 4:30PM

 

Any changes to the working hours in accordance with the public health requirements shall be advised accordingly.
For your information and guidance.

 

VISTA LAND LISTS PHP10 BILLION FIXED RATE BONDS ON PDEx

In the photo from left are: SB Capital Investment Corp. Senior Director Joy Supan,  PNB Capital and Investment Corp. President & Chief Executive Officer (CEO) Gerry Valenciano, China Bank Capital Corporation President Ryan Martin Tapia, Vista Land and Lifescapes, Inc. (VLL) Chairman Manuel Villar, VLL President & CEO Manuel Paolo Villar, PDS Group President Ma. Theresa Ravalo, Philippine Dealing & Exchange Corp. President & Chief Operating Officer Antonino Nakpil, and VLL Chief Financial Officer Brian Edang.

18 December 2019, Makati, Philippines — Vista Land and Lifescapes, Inc. (VLL) lists PHP 10 Billion Series E Fixed Rate Bonds Due 2025 on the Philippine Dealing & Exchange Corp. (PDEx). The bonds have a 5.5 year-tenor, with quarterly coupons priced at 5.6992% per annum, and is oversubscribed twice the originally planned PHP 5 billion issue size.

“This is the largest issuance by far of Vista Land and a positive statement of support from its investors, and each of whom VLL will reciprocate with the gift of cash liquidity by way of coupon payments during the next five holiday seasons. This event is more memorable as it is listing Number 40 for 2019, a milestone for annual fixed income primary market activity that surpasses the previous high of 29 listings, and also sets the volume record at today’s level of PHP 375.61 Billion in one year,” said PDEx President & Chief Operating Officer (COO) Antonino A. Nakpil.

While on VLL’s part, Chairman Manuel Paolo A. Villar remarked: “It is indeed an honor and a privilege to be here for the listing of our P10 billion fixed rate bonds due 2025. It was in July 2017 when we had our first shelf registration of fixed rate bonds in the aggregate principal amount of P20 billion, and today, we are issuing the final tranche worth P5 billion. Last November, we set up a new shelf registration for P30 billion to complete our P10 billion offer this 2019.”

“The continued progress of the capital market is of critical importance to our country and of course to companies like Vista Land, and so we laud the efforts being exerted by the PDS Group leadership to constantly develop the market environment to become more attractive and investor-friendly,” he added.

PDEx Press Release_VLL Bonds Due 2025

PHOENIX PETROLEUM LISTS PHP 3 BILLION COMMERCIAL PAPER ON PDEx

In the photo from left are: PNB Capital President & Chief Executive Officer Gerry Valenciano, Phoenix Petroleum Philippines, Inc. (PNX) Assistant Vice President - Treasury Reynaldo Phala,  PNX Chief Financial Officer Ma. Concepcion de Claro, and Philippine Dealing & Exchange Corp. President & Chief Operating Officer Antonino Nakpil.

11 December 2019, Makati, Philippines — Phoenix Petroleum Philippines, Inc. (PNX) returns to the listing podium as it successfully raised PHP 3 billion worth of commercial paper. Issued at a discount to face value of 4.6657% per annum, this issue will be due on 05 December 2020.

“We are always happy to see issuers return; and note that this is already Phoenix’s 10th listing on the Philippine Dealing & Exchange Corp. (PDEx), a positive sign of a nurtured relationship it has sustained with its investors,” said PDEx President & Chief Operating Officer (COO) Antonino Nakpil.

On the part of PNX, its Chief Financial Officer Ma. Concepcion de Claro remarked: “As Phoenix Petroleum grows bigger in size and complexity, I am honored to be part of a team and an organization that continues to challenge themselves and learn. More than a fund raising activity, for us, the STCP program is a simple, ingenious approach in meeting working capital requirements in an efficient, cost effective way.”

This 37th issuance marks PHP 353.70 Billion in new listings and hit the level of PHP 1.3 Trillion in total outstanding amount of bonds listed on PDEx.

PDEx Press Release_PNX CP Due 2020 Series C

Metrobank Lists PhP 8.68 Billion LTNCTD Due 2024 on PDEx

10-05-18

04 October 2018, Makati Philippines – Metropolitan Bank & Trust Company (Metrobank), the first bank to list its issues in the PDEx secondary market, returned for the fifth time to herald the start of trading of its PhP 8.68 Billion Long-Term Negotiable Certificate of Time Deposit (LTNCTD) due 2023.

With Metrobank’s listing, the Ty group of companies’ cumulative level of outstanding securities listed on PDEx stands at PhP 68.79 Billion, representing 7% of the total corporate fixed-income issues in the organized secondary market.

This 17th listing for the year marks the 135th listing since the since the market was opened to the public investors in 2008, which brings the year-to-date total of new listings to about PhP 133.18 billion and the total level of tradable corporate debt instruments to PhP 925.06 billion, reflecting a 23% increase from the same period last year.

Metrobank Officers attended the occasion including Asset Liability Management Division Head Edgar Alan P. Guerrero, Markets Sales Group Head Angelica S. Reyes, Distribution Division Head Benigno G. Tobias and Retail Banking Sector Metro Manila Head Lita S. Tan. Standard Chartered Bank Chief Executive Officer Lynette V. Ortiz also graced the event as the Sole Arranger and Selling Agent of the issue. #

PDS Press Release – MBT LTNCD Due 2024 FINAL