Philippines: Temporarily shortened cash deadline - update
Note: This announcement, originally published on 16 March 2020 and updated on 8 April , 30 April, 12 May, 29 May, 15 June, 26 June and 13 July 2020, has been further updated with an extended period. The changes have been highlighted.
Clearstream Banking1 informs customers that with effect from
30 March and until 31 August 2020
the Bangko Sentral ng Pilipinas (BSP) will shorten the operating cut-off times of the Philippine Payment and Settlement System (PhilPaSS).
Consequently, our cash deadline for Philippine Pesos (PHP) will be adjusted as follows during this period. As soon as we have new updates to the deadlines, we will notify customers again.
Philippines Standard Time
Central European Time
Central European Summer Time
Present cash deadline
Temporary cash deadline
Please submit instructions for withdrawal before the new cut-off time to ensure good value. Withdrawal instructions that are received after this deadline risk being delayed.
For further information, customers may contact Clearstream Banking Client Services or their Relationship Officer.
1. Clearstream Banking refers collectively to Clearstream Banking S.A., registered office at 42, avenue John F. Kennedy, L-1855 Luxembourg, and registered with the Luxembourg Trade and Companies Register under number B-9248, and Clearstream Banking AG (for Clearstream Banking AG customers using Creation Accounts), registered office at 61, Mergenthalerallee, 65760 Eschborn, Germany and registered in Register B of the Amtsgericht Frankfurt am Main, Germany under number HRB 7500.