Philippines: Suspension of trading and settlement until further notice
Clearstream Banking1 informs customers that effective
17 March 2020
and until further notice, all trading and settlement in the Philippines (equities, corporate bonds and government bonds) have been suspended. This is in response to the market closure initiated by the PDS Group and the Bureau of Treasury.
We have been notified that the settlement of executed trades affected by the closure today will be completed on the next business date once the suspension is lifted. Please also note that the conversion and repatriation of Philipino Peso (PHP) and asset services will not be available during this suspension period.
The payment system (PhilPaSS) however remains open as of today.
We will continue to monitor the situation, and will inform customers when further news is received from the market.
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.