Philippine Dealing & Exchange Corp. (PDEx) Virtual Listing Ceremonies

Further to our Memo For Issuers and Underwriters No. 01-2020 of 16 March 2020, we are pleased to announce that after a successful pilot run of a virtual listing ceremony, all upcoming listings and enrollments in the Philippine Dealing & Exchange Corp. (PDEx) can now have their respective ceremonies conducted on a virtual basis, in compliance with PDEx Rule 7.6.6.

Please expect that virtual ceremonies shall be the standard practice for all listings and enrollments until the public health guidance allows for live gatherings to resume within Metro Manila.

Prospective Issuers and their underwriters may coordinate scheduled dates with Ms. Monica Muca of PDEx Listing at or at +63.908.877.0956.

For your guidance and information.

PDS Operations During General Community Quarantine

Please be advised that the PDS Group shall continue to observe its shortened operating hours as announced in its 16 March 2020 memo notwithstanding the implementation of General Community Quarantine (GCQ) in Metro Manila starting 1 June 2020.

We have attached a copy of the said memo for your reference. This schedule shall be in effect until further notice. 

For your guidance and information.

Memo to Market Community Participants No. 02-2020 Revised Schedule of PDS Group Operational Hours

Issuers that have accepted the PDTC Guidelines for Secondary Market during ECQ

Below is the list of Issuers that have accepted the PDTC Guidelines for Secondary Market during ECQ as of 20 May 2020:

1 Aeon Credit Service (Philippines), Inc.
2 Alsons Consolidated Resources, Inc.
3 Asia United Bank
4 Ayala Corporation
5 Ayala Land Inc.
6 Bank of Commerce
7 Bank of the Philippine Islands
8 BPI Family Savings Bank
9 Century Properties Group, Inc.
10 China Banking Corporation*
11 Cirtek Holdings Philippines Corporation
12 Development Bank of the Philippines
13 East West Banking Corporation
14 Globe Telecom Inc.
15 Land Bank of the Philippines
16 Orix Metro Leasing and Finance Corporation
17 Megaworld Corporation
18 Metropolitan Bank & Trust Company
19 Petron Corporation
20 Philippine Bank of Communications
21 Philippine Long Distance Telephone Company
22 Philippine National Bank
23 Philippine Savings Bank
24 Rizal Commercial Banking Corporation
25 Robinsons Bank Corporation
26 Rockwell Land Corporation
27 San Miguel Brewer, Inc.
28 San Miguel Corporation
29 San Miguel Food & Beverage, Inc.
30 SM Prime Holdings, Inc.
31 Security Bank Corporation
32 SMC Global Power Holdings Corporation
33 SL Agritech Corporation
34 South Luzon Tollway Corporation
35 Vista Land & Lifescapes, Inc.
*For trade transactions ONLY; non-trade not included        


For your information  and guidance.

Declaration of Monday, 25 May 2020, as a Regular Holiday

In accordance with Presidential Proclamation No.944 s. 2020, please take note that 25 May 2020, Monday, is declared as a regular holiday in observance of Eid’l Fitr (Feast of Ramadhan).

Attached herein is a copy of the Presidential Proclamation No.944 s. 2020 for your reference.

Regular trading and settlement operations will resume on Tuesday, 26 May 2020.

For your guidance and information.


Revised Publication for PHPBVAL Benchmark Tenors During the Period of Shortened Trading Hours

We have been informed by the Bankers Association of the Philippines that a snapshot of the BVAL Benchmark Tenors can now be captured at the present close of 2:00 PM. To this end, the BAP has instructed that publication of such BVAL Benchmark Tenors be done at the same time as the BVAL GS Rates.

In line with the above, please be advised that starting today, PHPBVAL Benchmark Tenors based on the 2:00 PM snapshot will be published at the following time schedules:

PHPBVAL Benchmark Tenors Publication Times
  From (current)  To (updated time)
Bloomberg Terminal (PDEx <GO>) 4:30 PM 2:30 PM
MarketPage 4:45 PM 2:45 PM
PDS Website 5:00 PM 3:00 PM


For your guidance and information.


Delivery of Registry Reports

Attention: FI Brokering Participants and Selling Agents

In light of the evolving situation where Luzon has been placed under Enhanced Community Quarantine (ECQ) our offices as well as our 3rd party courier service provider continue to operate with skeletal workforces on site as required under the ECQ guidelines. Further, the Post Office which handles provincial deliveries has suspended its services until the end of the ECQ.

Given this, please be informed that there may be delays in the delivery of Registry Reports for investors who opted for the physical of their Statement of Accounts and Securities Receipt/Delivery Confirmation among others.  For the upcoming 1st Quarter SOA, should your clients wish to change their mode of delivery to email, kindly send us an Amendment Request no later than 30 March 2020.

For your guidance.

PDS Client Services contact numbers

ATTENTION: PDS Market Community Participants

Pursuant to the imposition of Enhanced Community Quarantine and our government’s call for stricter measures to further prevent the spread of coronavirus disease (COVID-19) in the country, the PDS Group has created flexible work arrangements (i.e., skeletal workforce or work-from-home) to continue its operations while ensuring the safety of its employees and various stakeholders. Included in the work-from-home arrangement is our Client Services Unit, which provides first line of support and assistance to our market participants.

While we implement these new arrangements, we request for your understanding and patience if your calls are not immediately answered by our Client Services officers. Rest assured that the PDS Group is committed to continue providing the best customer experience to its participants and various stakeholders even during this public health emergency.

Client Services contact numbers remain the same. You may call 8884-4417, 8884-5022, or  8884-5063 or email or In the event that those numbers are busy and you have urgent matters to discuss, you may also call the following mobile numbers:

+63 917 809 2877
+63 915 299 4545
+63 917 834 0944

Thank you for your understanding and continued support.

PHPBVAL Publication During Period of Shortened Trading Hours

ATTENTION: FI Trading Participants

In line with the shortened Fixed Income trading hours, please be advised that PHPBVAL Publications will be revised as follows:

  PHPBVAL for Government Securities
(with updated publication time)
PHPBVAL for Benchmark Tenors
(No change in publication time)
Bloomberg Terminal (PDEx <GO>)  2:30PM  4:30PM
 MarketPage  2:45PM  4:45PM
 PDS Website  3:00PM  5:00PM

Please also note the pricing sources for the following PHPBVAL data set to be used:

· PHPBVAL for Government Securities – BVT3 ( 3PM Tokyo Time)
· PHPBVAL for Benchmark Tenors – BVT5 ( 5PM Tokyo Time)

For your guidance and information.

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.