Philippine Depository & Trust Corp. (PDTC)
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Philippine Depository & Trust Corp. (PDTC)PDTC provides depository and settlement services for equities (common shares that may be classified A&B, preferred shares, warrants, depository receipts) and commercial papers and private bonds.
Philippines Capital Market Infrastructure SummaryThe Philippines market has a sound infrastructure for effective settlement and custody arrangements: There are two CSDs, Philippine Depository and Trust Corporation (PDTC), CSD for equities traded on the Philippine Stock Exchange (PSE) and cleared through the Securities Clearing Corporation of the Philippines (SCCP) and fixed income securities traded on the Fixed Income Exchange (FIE) and cleared and settled through the Philippines Securities Settlement Corporation (PSSC); and Bureau of Treasury (BTR), CSD for government securities (treasury bills and government bonds). SCCP acts as central counterparty for exchange-traded securities. Although a real-time gross settlement system was developed by the central bank, Bangko Sentral ng Pilipinas (BSP) for payments in 2002, it has not been used to achieve DVP settlement of equities.
For equities, payments of custodians to their counterparties are usually by manager’s cheque. Payment of government securities transactions are made through the debit/credit of the custodian's demand deposit account. Settlement is on a T+0 to T+3 basis with equities settling T+3 and other securities between T+0 and T+2. Bonds and equities are dematerialised.
Data Maintained By Thomas Murray on Philippines
- Stock market details
- Other markets where securities are traded
- Stock Exchange/Local Market Administration Organisations
- Market Entry Requirements
- Safekeeping/Post Settlement
- Stock Lending/Repos
- Dividends/Income Corporate Actions
- Cash Management
- Proxy Voting
- Market Charges
- Payment Systems
- Banking and Exchange Holidays
- G30 Compliance