Philippines: Temporarily shortened cash deadline - update

12.05.2020

Note: This announcement, originally published on 16 March 2020 and updated on 8 April 2020 and 30 April 2020, has been further updated with an extended period. The changes have been highlighted.

Clearstream Bankinginforms customers that with effect from

30 March 2020 and until 31 May 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

VD 13:30

VD 06:30

VD 07:30

Temporary cash deadline

VD 10:30

VD 03:30

VD 04:30

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.

Further information

For further information, customers may contact Clearstream Banking Client Services or their Relationship Officer.

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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.