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The Philippine Domestic Dollar Transfer Service System allows online, real-time gross settlement of domestic inter-bank USD transfer instructions and third party account-to-account USD transfers. In addition, it provides a facility for online entry and settlement of FX Transactions where the PDDTS Participant enters the inter-bank USD and Peso transfer instructions in a single screen. The USD leg is settled via PDDTS while the Peso leg is transmitted to PhilPaSS for settlement by the BSP.