Revised Standard Operating Procedures for Philippine Holidays

BAN*KO SHNTRAL NG PILIPINAS OFFICE OF THE GOVERNOR M EMORAN DU M NO. M2O23:o4q^ To All Banks and Quasi-Banks (QBs) Subject Revised Standard Operating Procedures for Philippine Holidays In line with its commitment to support the smooth operation of the country's large value payment system and the broader Philippine financial system, the Bangko Sentral ng Pilipinas (BSP) further amends its Standard Operating Procedures (SOP) for Philippine Holidays under Appendix 88 of the Manual of Regulations for Banks and Appendix Q-5.| of the Manual of Regulations for Non-Bank Financial lnstitutions. The revised SOP underscores the availability of essential BSP services during government work suspensions and holidays that are not on the list of regular and special non-working holidays issued by the Office of the President prior to or at the start of a new year. These services include payments and settlements, and cash operation. To support the liquidity requirements of the participants, the revised SOP also provides for the availability of the Overnight Deposit Facility anE-Term Deposit Facility maturities on od hoc holidays. Moreover, the amendments reflect updates on the SOP of the Bankers Association of the Philippines, Philippine Clearing House Corporation, Bureau of the Treasury, and Philippine Dealing System Holdings Corp. The BancNet's SOP alreadyforms part of the amended policy. This Memorandum supersedes Memorandum No. M-2021-OOl dated 04January 2021. For guidance and immediate compliance. / ELt M. REMOLONA, JR. Covernor 22 December 2023

STANDARD OPERATING PROCEDURES FOR PHILIPPINE HOTIDAYS ANNEX A 8rr / BAP I PDEx I Bangko Sentral ng Pilipinas (BSP) PDTC PCHC BancNet MART Cash serui€es by BSP Regional Monetary and Fx (USD/PHP) Offkes and Branches (ROBsl 1 BTr - NRoSS Payments and Settlements Operations including the Greater Manila s€ttlement Regional Office (6MRO) 7 BAP-FXand FX Type of Holiday Equities Derivatives Trading and s€ttlement of Depository and CICS, PESONeI, PvP (USD/PHPl, Currency Deposits and Reserue Position Trading ATM and InstaPay Settlements BSP-Financial Markets (FMl Fixed Income and PDDTS withdrawals, Cash Seruice 3. PDEX - Fixed transactions such as, but not Depository DvP Peso Real-Time Gross Settlement Alliance (CSA), First-level Income Trading limited to, OOF, OLF, through PhilPaSY- System Administration, and 4. MART - lnterbank TDF, Overnight RRP Facility, Check-clearing Tellering Gs Repo Trading BSP and Government Transactionsr Securities, and USD/PHP 1. Malacafr ang-declared regular and special (non-working) Closed Closed Closed Non-reserue Closed Closed Closed Closed holidays, including: Resular Holidays The PCHC Office shall be closed The BancNet Office shall be closed - New Year's Day (January 1) but the systems (Check lmage and but the Data Center Operations - Araw ng Kagrtingan (April 9) - Maundy Thursday (March or Ap.il) Clearing System or CICS and shall remain open 24/7. - Good Friday (March or Apfll) PESONeI) shall remain open to Application systems (ATM Switch, " Labor Day (May l) accept transactions from the Government Payments, lnternet - Independence Day {lune 12) banks. CICS and PESONet maintain BankinB and InstaPay) shall remain - National Heroes'Day (Last Monday ol a holiday/date table that enables open to process transactions from August) them to handle these types of participants. Settlement of these - Bonifacio Day (November 301 declarations. Settlement of these transactions shall be done on the 'Christmas Day {December 25) transactions shall be done on the next business day when PhilPosspt"" - Rizal Day (December 30) - Eid'l Fit. (no definrte day or month) next business day when is open and available to settle - Eid'l Adha (no definite day or month) PhilPosgt" is open and available transactions. Specaal Non-working holidavs to settle transactions. - Chinese New Year {around February) - EDSA Revolution Anniversary PDDTS RTGS/PVP (USD/PHP (February 25) trading) shall be closed. - Black Saturday (March or April) - Ninoy Aquino Day {August 21) - Ali Sahts' Day {November t) - All So!ls' Day (November 2) - Feast of the lmmaculate Conceptron (December 8) - Christmas Eve (December 24) - Last day of the Year lDecember 31) 2. Malacaflang-declared Closed Closed Closed Non-reserue Closed Closed Closed CIosed non-working days for both public and private sectors Shall open in the middle of extended PCHC Office shall be closed but the The BancNet Office shall be closed Shall open if PhilPdSSPt"' opens, holidays for limited settlements such except when authorized agent systems (CICS and PESONeI) shall but the Data Center Operations (including more than one day and as ofcash, PESONet, Instapay, and ATM banks (AABS) represent that the remain open and shall accept shall remain open 24/7. previously announced/issued transactions, unless the BsP Governor pertinent transactions from the banks. C|CS Application systems (ATM Switch, holidays not included in item 1) seruices of decides to suspend operations due to and PESONet maintain a holiday/ Government PaVments, Internet BSP ROB5 are not required for the said period. date table that enables them to Banking and InstaPay) shall remain Check-clearing Tellering is offered by GMRO only and this has dependency on the operations of the Philippine Clearing House Corporation (PCHC).

STANDARD OPERATING PROCEDURES FOR PHITIPPINE HOTIDAYS ANNEX A Bangko Sentral ng Pilipinas (BSP) STt I BAP I PDEX I PDTC PCHC BancNet MART Cash Seruices by BSP Regional Monetary and FX (USD/PHPI Offkes and Branches {ROBs} Payments and Settlements 1. BTr- NRoSS Operations including the Greater Manila Settlement Type of Holiday ReSional Office (GMROI 2. BAP-FXand FX Equities Tradint and Settlement of Derivatives oepository and CICS, PESONet, PvP (USD/PHP), BSP-Financial Markets (FMl Currency Deposits and Reserue Position Trading ATM and InstaPay Settlements Fixed Income and PDDTS Withdrawals, Cash Service 3. PDEX-Fixed transactions such as, but not Depository DvP Peso Real-Time Gross s€ttlement Alliance (CSA), First-level Income Trading limited to, ODF, OLF, TDF, Overnight RRP FaciliW, through PhilPoS9h' System Administration, and 4. MART- lnterbank Check-clearing Tellering GS Repo Trading BSP and Government Transactionsl Securities, and USD/PHP (Announcement is done througl. risk to safety of BSP personnel or the handle these types of declarations. open to process transactions from online platforms, traditional media. payment system. Suspension of operations due to settlement of these transactions participants. Settlement of these and other modes/channels ol risk to safety of personnel of BSP shall be done when PhilPossPr,, is transaqtions shall be done when public information dissemination) Announcement of opening/suspension ROBS shall be approved by the open and available to settle P hi l PoSSet"' is open and available to of operations shall be done by the following BSP officials: transactions. settle transactions. Payments and Settlements Department (PSD). . 85P Governor - for GMRO PDDTS RTGS/PVP (USD/PHP . BSP Deputy Governor, trading) shall be closed. Regional Operations and Advocacy sector (RoAS) - for provincial BSP ROBS Announcement of opening/ suspension of operations shall be done by the respective BSP ROBs. a. Announced holidays on an ordinary business day Open open Open Reserue Open Open Open Open Announced before 9:00 Closed Open, OPen, Non-Reserue Open Open, OPen OPen a.m. due to unless the BsP Governor decides to except when AABS represent if PhilPoSSPt" is emergency ODF and TDF maturities for the suspend operations due to risk to that the pertinent services of Maturing interbank Check Clearing and PESONet available. Settlement of transactions sha situations such day shall be processed. safety of BSP personnel or the payment BSP ROBS are not required for transactions shall be applications are open 24/7. depend on PhilPosst/" operations. system. the said period. settled except those Announcement - Typhoon Other settlements and that cannot be done of Fl Settlement In coordinatron with Citibanl - Heavy rains Day 1 maturities (OLF, Overnight RRP Announcement of suspension/closing Suspension of operations due to due to the shall be done by PDDIS RTGS shall open. PvP shali - Localized flooding Facility, BSP and Government of operations shall be done bythe PSD. risk to safety of personnel of BSP suspension of the PDEx/PDs remain open for the settiement of - Conflagration Securities) shall be settled if ROB5 shall be approved by the operatrons of Group. maturing USD/PHP transactions. - Massive BTr NRoSS is open. BSP-FM All transactions shall be settled in following BSP officials: :oncerned BSP transportation JSD/PHP transactions due for PhilPossil* except those that cannot lepartm€nts, FMls, strike ;ettlement for the day shall be be done due to the suspension o{ the BsP Governor - for GMRO rnd CsOs. - Armed or civil ;ettled. operations of other concerned BsP BSP Deputy Governor, ROAS confli ct departments, and Financial Market - for provincial BSP ROBS

STANDARD OPERATING PROCEDURES FOR PHII.IPPINE HOTIDAYS ANNEX A 8ElQ-s1 Bangko Sentral ng Pilipinas (BSPI Bt I BAP / PDEx / PDTC PCHC BancNet MART Cash Services by BSP Regional Monetary and FX (USD/PHPI Offices and Branch$ (ROBsl Payments and Settlements t. BTr - NRoSS Operations including the Greater Manila S€ttlement Type of Holiday Regional Office (GMRO) 2. BAP-FXand FX €quities Trading and Settlement of Derivatives Depository and CICS, PESONet, PvP (USD/PHP), BSP-Financial Markets (FM) Currency Deposits and Reserue Position Trading ATM and lnstaPay Settlements Fixed Income and PDDT5 transactions such as, but not Withdrawals, Cash Service 3. PDEX - Fixed Peso Real-Time Gross Settlement Depository DvP limited to, ODF, OLF, Alliance (CSA), First-level Income Trading thtough PhilPasy" System Administration, and 4. MART - Interbank TDF, Overnight RRP Facility, BSP and Government Check-clearing Tellering GS Repo Trading Securities, and USD/PHP Transactionsl Strong Infrastructures {FMls) and Clearing Announcement of suspension of NRoSS shall operate earthquakes and Switch Operators (CSOS) linked to the eperations shall be done by the if there is fixed ISUnam ts PhilPoSSPtu'. 'espective BSP ROBs. income trading as Force majeure determined by PDEx. events Infectious There will be no diseases outbreak USD/PHP spot and swaD tradinE Opening on the second and Open, Open, Reserue day, open Open, Open Open succeeding days shall be unless the BSP Governor decides to except when AABs represent if Monetary and il PhilPosSPt" is decided by the Governor suspend operations due to risk to that the pertinent seruices of FX, Payment and NRoSS shall operate if available. Check Cleanng and PESONet Settlement of transactions shall before 6:00 a.m. upon the safety of BSP personnel or the BSP ROBS are not required tor Settlement, and there is fixed income applications are open 24/7 . depend on PhilPossptuj operations. BSP-lncident Management payment system. Announcement of the said period. Cash Service trading as determined Announcement Team's (lMT) suspension/closing of operations shall Operations by by PDEx. of Fl Settlement In coordination with Citibank, recommendatlon. oe oone DY P5u. Suspension of operations due to GMRO are all shall be done by PDDTS RTGS shall open. PvP shall Day 2 risk to safety of personnel of BSP open lf BSP-FM does not PDEx/PDs remain open for the settlement of lf the BSP-FM opens, it shall All transactions shall be settled in ROB5 shall be approved by the open, there will be no Group. maturing USD/PHP transactions. onwards make the appropriate PhilPasytu' except those that cannot following BSP officials: USD/PHP spot and announcement to lts be done due to the suspension of the swap trading. counterparties before 9;00 operations of other concerned BSP . BSP Governor - for GMRO a.m. departments, and FMls and CSO5 . BSP Deputy Governor, ROAS linked to the PhllPossrl,,. - for provincial BSP ROBs qnnouncement of suspension of rperations shall be done by the .F<nadl,. RqP RnR< Announced on a Saturday or Under Sunday to take favorable Open Open Open Reserue Open Open Open Op€n effect the conditions followins

STANDARD OPERATING PROCEDURES FOR PHILIPPINE HOLIDAYS ANNEX A 51 Bangko Sentral ng Pilipinas (BSPI BTr I BAP I PDEx / PDTC PCHC BancNet MART Cash Seruices by BSP Regional Monetary and FX (USD/PHPI Offices and Eranches (ROBsl Payments and Settlements 1. BTr - NRoSS Ooerations including the Greater Manila Settlement Type of Holiday RegionalOffice (GMRO) 2. BAP _ FX and FX Equities Trading and Settlement of Derivatives Depository and CICS, PESONet, PvP (U5D/PHP), BSP-F|nancial Markets (FM) Currency Deposits and Reserue Position Trading ATM and InstaPay Settlements Fixed Income ANd PDDTS transactions such as, but not Withdrawals, Cash seruice ? PDEx - Fixed Peso Real-Time Gross Settlement Depository DvP limited to, ODF, OLF, Alliance (CSA), First-level Income Trading Ihtough PhilPosgt^ System Administration, and 4. MART - Interbank TDF, Overnight RRP Facility, 8SP and Government Check-clearing Tellering GS Repo Trading Securities, and USD/PHP Transactionsr I I Monday, or I announced on I Closed I open, I open, Non-reserue I open I a non-workrng I I I lunress rne 6)P bovernor dectdes to lexcept when AABS represent I Open, if PhilPasyl"' is Open I ooen holiday to take and TDF maturities forthe I I IODF lsuspend operations due to risk to safety I that the pertinent seruices of BSP lMaturinC interbank ava i la ble. I Check Clearing and PESONeI lSettlement of transactions shatl effect the next lday shall be processed. of BSP personnel or the payment ROBS are not required for the shall be applications are open 2417. depend on PhilPossp/,' operations. business day, I system. Announcement of suspension/ said period. Itransactions I settled except those Announcement and suspension is localized lOther settlements and closing of operations shall be done by that cannot be done of Fl Settlement In coordination with Citibank, maturities {oLF, overnight RRP PSD. Suspension of operations due to shall be done by PDDTS RTGS shall open. PvP shall (e.9., Araw ng Facility, BSP and Governm€nt risk to safety of personnel of BSP due to the PDEx/PDS remain open for settlement of Maynila, SONA, Securities trades) shall be All transactions shall be settled in ROB5 shall be approved by the suspension of the Grou p. maturing USD/PHP transactions. Quezon City settled if BTr NRo55 is open. PhilPossp'" except those that cannot be following BSP officials: operations of Day, APEC, Otheeise, these shall be done due to the suspension of the concerned BSP Papal Visit, etc. processed on the next business operations of other concerned BSP e BSP Governor-for GMRO departments, FMls, Under day. BSP-FM USD/PHP departments, and FMls and CSO5 linked . BSP D€puty Governor, ROA5 and CSOs. The BSP shall unfavorable transactions due for to the Ph,7PossP/u,. - for provincial BSP ROBS make the settlement for the day shall be conditions declarat;on of settled. NRoSS shall operate Announcement of suspension of favorable or operations shall be done by the if there is fixed unfavorable lf holiday extends up to the income trading as respective 85P ROBs. condition before next business day/s, opening determined by PDEx. 6:00 a.m. shall be decided by the Governor befor€ 6:00 a.m. There will be no upon the BSP-|MT'5 USD/PHP spot and recommendation. swap trading. lf the BSP-FM opens, it shall make the appropriate announcement to lts counterpanies before 9:00 a.m. d. Announced at Cause of 9:00 a.m. holiday shall onwards on the Open Open Open Reserue NOT require Open Open Open open date of evacuatron effectiviW and Page 4of 8

STANDARD OPERATING PROCEDURES FOR PHITIPPINE HOI.IDAYS ANNEX A 51 Bantko Sentral ng Pilipinas (BSPI Bt I BAP I PDEX I PDTC PCHC BancNet MART Cash Seruices by BSP Regional Monetary and FX (USD/PHPI Offices and Eranches (ROBSl Payments and Settlements 1. BTr-NRoSs Ooerations including the 6reater Manila Settlement Regional Office (GMROI 2. BAP-FXand FX Type of Holiday Equities Trading and Settlement of Derivatives Depository and CICS, PESONeI, PvP (USD/PHP), BSP-Financial Markets (f M) Currency Deposits and Reserue Position Trading ATM and lnstaPay Settlements Fixed Income ANd PDDTS transactions such as, but not Withdrawals, Cash Service 3, PDEx - Fixed Peso Real-Time Gross Settlement Depository DvP Alliance (CSAI, First-level Income Trading limited to, ODF, OLF, through PhirPosg,' System Administration, and 4. MART-lnterbank TDF, Overnight RRP Facility, Check-clearing Tellering GS Repo Trading BSP and Government Transactionsr Securilies, and USD/PHP 85P operations have already Closed Open, OPen, Non-reserue Open Open, OPen Open started unless the BSP Governor decides to except when AABS represent if PhilPoSSPt" is ODF and TDF maturities for the suspend operations due to risk to that the pertinent seruices of BSP NRoSS shall operate il available. Check Cleaflng and PESONeI Settlement of transactions sha day shall be processed. safety of BSP personnel or the payment ROB5 are not required for the there is fixed income applications are open 24/7. depend on PhilPaSsP/" operations. I system. said period. trading as determined Announcement Other settlements and by PDEX. of Fl Settlement In coordination with Citibank, I maturities (OLF, Overnight RRP Announcement of suspensron/closrng Suspension of operations due to shall be done by PDOTS RTGS shall open. PvP shall Facility, BSP and Government of operations shall be done by PSD. risk to safety of personnel of BSP PDEx/PDS remain open {or the settlement of Securities trades) shall be ROBs shall be approved by the Group. maturing USD/PHP transactions. 1.."*"shall settled if BTr NRoSS is open. In case no suspension is announced, following BSP officials: lholidaV Otheruise, these shall be operations of PSD shall be done lrequrre. processed on the next business remotely. No skeleton force from PSD . gSPGovernor-forGMRO levacuauon day. shall be retained onsite. o BSP Deputy Governor, ROAS l(e.c., - TOr provtncrat b5P KUus lf holiday extends up to the All transactions shall be settled an lf BSP-FM does not next business day/s, opening PhilPossil* except those that cannot Announcement of suspension of open, there will be no li:Jno",."' shall be decided by the be done due to the suspension of the )perations shall be done by the USD/PHP spot and Governor before 6:00 a.m. operations of other concerned BSP 'espective BSP ROBs. swap trading. upon the BSP-|MT'S departments, and FMls and CSOS recommendation. linked to the PhilPo55p/,.. lf the BSP-FM opens, it shall make the appropriate announcement to ats counterparties before 9:00 a.m. Pate 5 of 8

STANDARD OPERATING PROCEDURES FOR PHILIPPINE HOLIDAYS AN NEX A Appendix 88/e-s1 Bangko Sentral ng Pilipinas (BSP) ATr / BAP / PDEx / PDTC PCHC BancNet MART Cash Seruices by BSP Regional Monetary and FX (USD/PHP) Offices and Branches (ROBsl 8Tr - NRoSS Payments and Settlements ODerations including the Greater Manila Settlement RePionalOffice IGMROI BAP - EX and Type ot Holiday FX Derivatlves Equities Trading and Settlement of Currencv DeposiG and Trading Depository and C'CS, P€SONet, PvP {USD/PHP}, BSP-Financial Markets (FMl WithdEwals, Cash Seruice Reserue Position ATM and InstaPay Settlements transactions such as, but not Alliance (CSA), First-level System 3. PDEX - Fixed Fixed lncome and PODTS Peso Real-Time Gross Settlement Income Tradint Depository DvP limited to, ODF, OLF, TDF, Administration, and Check- tbrough PhilPaSy" 4. MART- Overnight RRP Facility, BSp and clearing Tellering Transactionsr Interbank GS Government Securities, and Repo Trading USD/PHP IEdins h.r day dedaftd by de Bsp co u.h s i^redids d rreas dbrstq tod.d MnuiityquaEirh.i. rh..n!@ of Mdro Mm h. Closed Closed Closed Non-reserue Closed Closed Closed Open C|CS shall continue to accept Settlement of transadions shall regular checks but shall be value- depend PhilPaSSd"' dated the next day when operations. PhilPoSSPtu' opens. PESONet shall also continue to receive transactions for next day settlement. lf the suspension announcement a, Announced is received before the 8AM before 9:00 Day 1 Morning Returns cutoff, a.m. acceptance of returns shall likewise be extended until 8AM of Day 2 when PhilPoSSPt,, opens. Morning Returns value date shall be the settlement date. PCHC shall issue its own advisory to its members citing the advtsory received and P hil P oSSPt"' shall inform them that PESONeI and CICS shall remain open to rccept clearing transactions. n coordination with Citibank, )DDTS RTGS shall ooen.

STANDARD OPERATING PROCEDURES FOR PHILIPPTNE HOLIDAYS ANNEX A Appendix 88/Q-s1 Bangko Sentral ng Pilipinas (BSP) aTr I aAP I PDEx / PDTC PCHC BancNet MART Cash Services by BSP Regional Monetary and FX (USD/PHP) oftices and Eranches (ROBsl 1. BTr - NRoSS Payments and Settlements Settlement Operations including th€ Greater Manila Resional Office {GMRO} 8AP - FX and Type of loliday FX Derivatives Equities Trading and Settlement of Currency Deposits and Trading Depository and ClC5, PESONeI, PvP (USD/PHP), 85P-Financial Markets (FMl Withdrawals, Cash seruice Reserue Position ATM and InstaPay Settlements transactions such as, but not 3. PDEx - Fixed Fixed Income ANd PDDTS Alliance (CSA), First-level System Income Trading Peso Real-Time Gross Settlement Depository DvP limited to, ODF, OLF, TDF, Adminisration, and Check- MART- ttuoueh PhilPosgtu Overnight RRP Facility, 85P and clearing T€llering Transactionsl Interbank GS Government Securities, and Repo Trading USD/PHP Opening on the second and OPen, OPen, Reserue day, Open Open, Open OPen succeeding days shall be decided unless the BSP Governor decides to except when AABS represent that if Monetary and FX, if PhilPosyt"' is by the Governor before 6:00 a.m. suspend operations. Announcement the pertinent seruices of BSP ROBs Payment and NRoSS shall operate available. Check Clearing and PESONel Settlement of transactions shall upon the 8SP-lMT's of suspension/closing of operations are not required for the said Settlement, and Cash there if fixed is applications are open 24/7. depend on PhilPoSSd'' recommendation. shall be done by PSD. period. Seruice Operations income trading as Announcement operailons. by GMRO are all determined by PDEx. of Fl Settlement In coordination with Citibank, Suspension of operations due to open. shall be done by PDDTS RTGS shall open. PvP shall lf BSP-FM opens, it shall make the All transactions shall be settled in risk to safety of personnel of BSP lf BSP-FM does not PDEx/PDS Group. remain open for the settlement of Dav 2 onwards appropriate announcement to its PhilPaSSil* except those that cannot ROBS shall be approved by the open, there will be maturing USD/PHP transactions- counterparties before 9:00 a.m. be done due to the suspension of the following BSP officials: no USD/PHP spot operations of other concerned BSP and swap trading. departments, and FMls and CSOS . BSP Governor-for GMRO linked to the PhtlPasspto'. r BSP Deputy Governor, ROAS - for provincial BSP ROBs Announcement of suspension of operations shall be done by the resoective 85P ROBs.

STANDARD OPERATING PROCEDURES FOR PHILIPPTNE HOTIDAYS ANNEX A Appendix 88/e-s1 Bangko Sentral ng Pilipinas (BSp) BTr I BAP I PDEX I PDTC PCHC MART BancNet Cash Services by BSP Regional Monetary and FX (USD/PHPl Offices and Branches (ROBs) t BTr - NRoSS Payments and Settlements Operations including the Greater Manila Settlement RegionalOffice (GMROI 2. BAP - FX and Type ot Holiday FX Derivatives Equities Trading and S€ttlement of Currency Deposits and Trading Depository and CICS, PESONet, PvP (USD/PHP), BSP-Financial Markets (FM) Withdrawals, Cash Seruice Reserve Position ATM and InstaPay Settlements transactions such as, but not Alliance (CSA), First-level System 3 PDEX - Fixed Fixed Income and PDDT5 limited to, ODF, OLF, TDF, Peso Real-Time Gross Settlement lncome Tradint Depository DvP Administration, and Check- Overnight RRP Facility, BSp and thtough PhilPasy" clearing Tellering Transactionsl 4 MART - Interbank GS Government Securities, and Repo Trading U5D/PHP lAssess situation and, if possible, Open, OPen, Reserue day, Open Open, Open OPen I retaina skeleton force and unless the BSP Governor decides to except when AABs represent that if Monetary and FX, if PhilPosgtu' implement extended end of day suSpend operations. Announcement the pertinent services of BSP ROBs Payment and NRoSS shall operate available. Check Clearing and PESONet Settlement of transactions shall protocol. of suspension/closing of operations are not required for the said Settlement, and Cash if there is fixed applications arc open 24/7 . oepeno PhilPoSYt', shall be done by PSD. period. Seruice Operations income trading as Announcement r operationS Announcement of BSP-FM by GMRO are all determined by PDEx. Fl Settlement sha ln coordination with Citibank, operations shall be done by All transactions shall be settled rn Suspension of operations due to open. be done t PDDTS RTGS shall open. PvP shall BSP-FM, except those that cannot risk to safety of personnel of BSP Announced at 9:00 a.m. onwards PDEx/PDS Group remain open for the settlement of be done due to the suspension of the ROBS shall be approved by the on the date of effectivity and BSp maturing USD/PHP transactions. lf holiday extends up to the next operations of oth€r concerned BSP following 85P officials: lf BSP-FM does not operations have already started business day/s, opening shall be departments, and FMls and CSOS open, there will be decided by the Governor before linked to the PhilPosspL,. . BSP Governor-forGMRO no USD/PHP spot 6:00 a.m. upon the BSP-|MT'S . BSP Deputy Governor, ROAS - and swap trading. recommendation. for provincial BSP ROBs lfthe 85P-FM opens, it shall make Announcement of suspension of l the appropriate announcementl operations shall be done by the to its counterparties before 9:00 respective 85P ROBs. I a.m. I