MANILA – The Philippine Stock Exchange, Inc. (PSE) and the Securities Clearing Corporation of the Philippines will have regular trading, clearing and settlement on November 17 and 20, 2015 after the Bangko Sentral ng Pilipinas (BSP) announced through Memorandum No. M-2015-038 that the Philippine Payments and Settlements System (PhilPaSS) will be operational on the said dates.
The PSE had earlier asked the BSP to make financial clearing and settlement operations among the services available to the public during the November 17 and 20, 2015 work holidays declared for government offices in the National Capital Region (NCR) in relation to the Asia-Pacific Economic Cooperation (APEC) meetings in Metro Manila.
PhilPaSS of the BSP is a vital component in the trading cycle as it operates the settlement of transactions of financial institutions.
“We are grateful to the BSP for making financial clearing and settlement operations available to the public on November 17 and 20. This development allows financial institutions, including the PSE, to continue their normal services to the investing public and various stakeholders even when government offices in NCR are closed on these dates,” said PSE President and CEO Hans B. Sicat.
Aside from the suspension of government work on November 17 and 20, Malacanang earlier declared November 18 and 19, 2015 as special non-working days in NCR in line with the APEC Economic Leaders’ Meeting scheduled on the said dates through Proclamation No 1072, s. 2015 released in July. – BusinessNewsAsia.com