PDDTS-PvP New Settlement Timeline Effective 17 March 2020Posted on: March 16, 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.
|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|
|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.