Amendments to the Manual of Regulations for Banks and Manual of Regulations for Non-Bank Financial Institutions pertaining to the Adoption of the Global Master Repurchase Agreement-Based Reverse Repurchase and Repurchase Agreements

BANGKO SENTRAL NG PILIPINAS OFFICE OFTHE GOVERNOR CIRCULAR No. 12/7 Series of 2025 Subject : Amendments to the Manual of Regulations for Banks and Manual of Regulations for Nori-Bank Financial Institutions pertaining to the Adoption of the Global Master Repurchase Agreement-Based Reverse Repurchase and Repurchase Agreements The Monetary Board. in its Resolution No. 829 dated 14 August 2025, approved the following amendments to the Manual of Regulations for Banks (MORB) and the Manual of Regulations for Non-Bank Financial Institutions (MORNBFl) pertaining to the adoption of the Global Master Repurchase Agreement (CMRA) for the Reverse Repurchase and Repurchase Facilities of the Bangko Sentral rig Pilipinas (Bangko Sentral). Section I. Sections 60,1601-Q of the MORB/MORNBFl on Monetary Operations as amended by Circular Nos. 1179 dated 01 September 2023 and 1183 dated 24 November 2023. are further amended to read, as follows: 60,160, -Q Monetary Operations XXX Repurchase agreements with the Bangko Sentra/. Repurchase (RP) Agreement refers to the Bangko Sentral's monetary instrument where the Bangko Sentral purchases eligible securities with a commitment to sell them back at the repurchase date. RP transactions shall be open to banks (UBs/KBs, digital banks and TBs) and quasi-banks (QBs) (hereinafter collectively referred to as the "Participating Entities"). RP transactions shall be governed by the Global Master Repurchase Agreement (CMRA) entered into between the Bangko Sentral and the Participating Entities and by other applicable Bangko Sentral rules and regulations. Us dollar (UsD) denominated repo agreement facility may likewise be entered into with the Bangko Sentral subject to the following terms and conditions, and as may be provided under the repo agreement facility: xxx Reverse repurchase agreements with the Bangko Sentra/. Reverse Repurchase IPPP) Agreement refers to the Bangko Sentral's monetary instrument where the Bangko Sentral sells eligible securities with a commitment to repurchase them at the repurchase date. RRPs transactions shall be open to banks (UBs/KBs, digital banks and TBs) and QBs hereinafter referred to as the "Participating Entities"). RRP transactions shall be governed by the CMRA entered into between the Bangko Sentral and the Page I of 4

Participating Entities and by other applicable Bangko Sentral rules and regulations. The concerned banks/quasi-banks shall bear all taxes. duties. levies and other governmental charges of any kind with respect to its transactions in accordance with applicable tax laws and relevant BIR regulations. If the Bangko Sentral is required to withhold any tax from payments made. it shall promptly provide the requesting counterparty with the appropriate tax form evidencing such withholding. Settlement procedures on the purchase ond sole of government securities under repurchose agreements with the Bangko Sentrol. Purchase and sale of government securities under repo agreements (CS/repo agreements) between and among banks and QBs and Bangko Sentral in connection with the latter's open market operations shall be settled in accordance with the provisions of the agreement for the PhilPaSS executed on 12 December 2002 between the Bangko Sentral and BAPICTB/RBAP and any subsequent amendments thereto XXX Borrowings from the Overnight Lending FCC"ity (OLF) of the Bongko Sentrol. The OLF is a Bangko Sentral standing facility which allows counterparties to obtain overnight liquidity from the Bangko Sentral on an open-volume basis against eligible collateral in order to cover short-term liquidity requirements. The OLF shall be open to banks (UBs/KBs. digital banks and TBs) and QBs (hereinafter referred to as the "Participating Entities"). OLF transactions shall be governed by the CMRA entered into between the Bangko Sentral and the Participating Entities and by other applicable Bangko Sentral rules and regulations. Overnight deposits with the Bangko Sentrol. ' The Overnight Deposit Facility (ODF) is a Bangko Sentral standing facility which allows banks (UBs/KBs. digital banks and TBs). and QBs to place overnight deposits with the Bangko Sentral. subject to the following terms and conditions: xxx Section 2. Appendix 881 Appendix Q-51 Standard Operating Procedures for Philippine Holidays of the MORB/MORNBFl as amended by Bangko Sentral Memorandum No. M-2023-040 dated 22 December 2023 is hereby further amended to replace the term "Overnight RRP" with "RRP" as shown in Annex A of this Circular Section 3. Appendix 35: Schedule of Peso Real-Time Gross Settlements is hereby deleted. The sections of the MORB that are affected by this deletion shall be amended. as follows: Sections 202 of the MORB. as amended by Circular No. 1180 dated 10 November 2023. and Section 203 of the MopB are hereby amended to read. as follows: 202 RETURNED CHECKS xxx

c. The Drawee bank shall transmit the electronic documents' relative to the dishonor to the Presenting bank within the prescribed period or not later than the cut-off time as prescribed by the Bangko Sentral for returned items in accordance with the following procedures U ) The settlement of interbank transactions vis-a-vis covering reserve requirement/deficiency of banks' demand deposit account (DDA) shall follow the schedule as prescribed by the Bangko Sentral; (2) The AM clearing window for clearing items dishonored due to insufficiency of funds or credit. technical reason. closed account. and/or stop payment order shall be conducted in accordance with the timeline as prescribed by the Bangko Sentral for returned items; and xxx 203 TEMPORARY OVERDRAWINCS; DRAWINGS AGAINST UNCOLLECTED DEPOSITS xxx In case a check clearing item is dishonored, the Drawee bank shall generate the pertinent electronic documents' on the dishonored clearing item due to insufficiency of funds and electronically submit the same to the Presenting bank within the prescribed period. or not later than the cut off time as prescribed by the Bangko Sentral for returned items. XXX 2 Appendix123 of the MORB. as amended by Circular No. 1180 dated 10 November 2023. is hereby further amended to read. as follows: GUIDELINES ON THE HANDLING OF RETURNED CHECKS UNDER THE AUTOMATED CHECK CLEARING SYSTEM (Appendix to Item a of Sec. 2021 a. ChecksandOtherCashltems(CoC/SI withouts"^7cie"t funds^^'With stoppayme"t orders, ^"'drawn against closed issue, 71'payer accounts xxx a ) For local Exchanges There shall be two (2) clearing windows for CoCls returned due to insufficient funds or credit. closed account, and/or stop payment order - one in the afternoon of T+O for checks returned within the PM Adjustment Window and another in the morning ofT+I for checks returned until the close of the AM return window.

(a) PM Adjustment Window (PAW) - xxx XXx b. Checks dishonored due to technical reasons. xxx a ) For local Exchanges There shall be two (2) clearing windows for CoCls returned due to technical reasons - onein the afternoon ofT+O for checks returned as of the end of the PAW and another in the morning of T+I for checks returned until the close of the AM return window. (a ) PAW - xxx xxx Section 4. This Circular shall take effect fifteen (15) days after publication in the Official Gazette or a newspaper of general circulation FOR THE MONETARY BOARD I^ELI M. REMOLONA, JR. Governor 22 August 2025

STANDARD OPERATING PROCEDURES FOR PHILIPPINE HOLIDAYS ANNEX A Appendix 881Q-51 BTr I BAP I PDEX I angko Sentral rig Pillpinas IBSPi PCHC BancNet MART Cash Services by BSP Regional Offices and I. BTr-NROSS Monetary and FX jusD/PHPj Payments and Settlements Branches IROBsjincluding Settlement Operations the Greater Manila Regional 2. BAP- FX and FX Equities Type of Holiday Office IGMROj Derivatives Depository Trading and Settlement of Reserve Trading and Fixed CICS. PESONet. PVP Currency Deposits and Position 3. PDEx-Fixed Income ATM and InstaPay Settlements BSP-Financial Markets IFMj IUSD/PHPj. and PDDTS Withdrawals. Cash Service transactions such as, but Income Trading Depository riot limited to. OOF. OLF. Peso Real-Time Gross Settlement Alliance ICSAj. First-level 4. MART- DVP through PhilPaSS""' System Administration. and Interbank CS TDF, RRP Facility. BSP and Government Check-clearing Teller ing Repo Trading Transactions' Securities, and Us DIPHP I. Malacahang-declared regular and special In on-workingI Closed Closed Closed N on-reserve Closed Closed Closed holidays. Including Regular Holidays The PCHC Office shall be The BancNet Office shall be hlew Year s Day 11anuary 11 Araw rig Kaeiiingan IAPrii 9j closed but the systems Icheck closed but the Data Center Maundy Thursday INarch or April! linage and Clearing System or Operaiions shall, emain open Good F1iOay INa, ch or Aprilj CICS and PESONeij shall 2417. Application systems IATM Labor DayjMay 11 remain open to accept Switch. Government Payments. Independence Day 11une 12j transactions from the banks Internet Banking and InstaPay) Nat on al Heroes' Day ILasi Monday CICS and PESONei maintain a shall remain open 10 process D/Augus:I holiday/dale Ia ble that enables transactions Irom participanis Bornlac o Day November 301 them to handle these types of Settlement of these transactions Chi gymas Day IDecember 251 declarations. Settlement o1 shall be done on the next RizalDayjDecember 301 Eid'! Fill Ino dellni. e day or moriihj these Iransactions shall be business day when PhilPaSS""' Eid'IAdha inc cellnite day or moriihi done on the next business day Is open and availa ble to settle when Ph, ipaSS""' Is open and transactions Chinese New Yeai taround Feb, uaiyj available 10 settle transactions EDSA Revolution Anniversary IFeb, ua, y 251 PDDTS RTGs/PVP (us DIPHP Black Saturday Warch Dr Apr, !I Ninoy Aqu no Day IAugusi 211 trading) shall be closed All Saints' Day INovember 11 All Souls' DayjNovember 21 Feesi o11he Immaculate Concep!10n joecember 81 Chrisimas Eve IDecembe, 241 Last day o11he Year IDEcembe, 311 Check-clearing TellerIng Is oilered by CMRO only and this has dependency on Ihe operations o1 the Philippine Clearing House Corporation (PCHCj

STANDARD OPERATING PROCEDURES FOR PHILIPPINE HOLIDAYS ANNEX A Appendix 881Q-51 BTr I BAP I PDEX I angko Sentralng Pilipinas 18SPj PDTC PCHC BancNet MART Cash Services by BSP Monetary and FX jusD/PHPj Regional Offices and I. BTr-NRoss Payments a rid Settlements Branches IROBsjincluding Operations Settlement the Greater Manila Regional 2. BAP-FXand FX Equities Type of Holiday Office IGMRO) Derivatives Depository Trading and Settlement of Reserve Trading and Fixed CICS. PESONet, PVP BSP-Financial Markets IFMj Currency Deposits and Position a. PDEx-Fixed Income ATM and InstaPay Settlements jusD/PHP). and PODTS transactions such as, but Withdrawals. Cash Service Peso Real-Time Gross Settlement Income Trading Depository riot limited to. OOF. OLF. Alliance ICSA), First-level 4. MART- DVP th rough PhilPaSS"'"' System Administration, and TDF, RRP Facility, Interbank GS BSP and Government Check-clearing Tellering Repo Trading Transactions' Securities, and Us DIPHP Closed Closed Closed Nori- reserve ed Closed Closed Shall open in Ihe middle o1 extended PCHC 0111ce shall be closed but The BancNe! 0111ce shall be Shall open 11 Ph, !Pass"'"' holidays for limited settlements the systems ICICS and closed but the Data Center opens. except when such as of cash. PESONet. Instapay PESONet! shall remain open and Operations shall remain open authorized agent banks tmBs! 2 Malacaha rig-declared and ATM transactions. unless the shall accept transactions Irom represent that the pertinent 2417 Application systems IATM nori-working days for both BSP Governordecides to suspend services o1 the banks CICS and PESONei Switch. Government Payments. public and private sectors operations due 10 risk 10 safety of maintain a holiday/ date table BSP ROBS are riot required for Internet Banking and InstaPay! BSP personnel or the payment that enables them to handle the said period shall remain open 10 process lineluding more than one day system these Iypes o1 declarations Iransactions I'Dm participanis and previously Suspension of operations due Settlement of these transactions Settlement oilhese announced/Issued holidays riot Announcement of to risk to safety o1 personnel of shall be done when Ph, IPaSS""' transactions shall be done when Included miteml! opening/suspension o1 operations Is open and available 10 settle Ph, IPaSS""' Is open and BSP ROBS shall be approved by shall be done by the Payments and transactions available to settle Ira rigactions Ihe following BSP o1/1ciais IAnnouncemeniis done through Settlements Department IPSDi online platforms. traditional PDDTS RTGs/PVP jusD/PHP . BSP Governor - for CMRO media. and other . BSP Deputy Governor. trading! shall be closed modes/channels o1 public Regional Operations and Informa nori dissemination! Advocacy Sector IRQASj - 101 provincial BSP ROBS Announcement of opening/ suspension of operations shall be done by the respective BSP ROBS 3 MaIacanang-declared nori-working days for public sector alone (Announcement Is done through online platforms. traditional media. and other modes/chann els o1 public Information dissemination. )

STANDARD OPERATING PROCEDURES FOR PHILIPPINE HOLIDAYS ANNEX A Appendix 881Q-5, BTrI BAP I PDEX I angko Sentral rig Pillpinas IBSP) PDTC PCHC BancNet MART Cash Services by BSP Regional Offices and ,. BTr-NROSS Monetary and FX jusD/PHPj Payments and Settlements Branches IROBsjincluding Settlement Operations the Greater Manila Regional 2. BAP- FX and FX Equities Type of Holiday Office IGMROj Derivatives Depository Trading and Settlement of Reserve Trading and Fixed CICS. PESONet, PVP Currency Deposits and Position 3. PDEx-Fixed Income ATM and InstaPay Settlements BSP-Financial Markets IFMj IUSD/PHPj. and PODTS Withdrawals. Cash Service transactions such as. but Income Trading Depository Peso Real-Time Gross Settlement Alliance ICSAj. First-level riot limited to, OOF. OLF. 4. MART- DVP through PhilPaSS"'"' System Administration. and Interbank GS TDF. RRP Facility, BSP and Government Check-clearing Teller Ing Repo Trading Transactions' Securities, and Us DIPHP a. Announced 1,011days on an Open Open Open Rese rve Open Open Den ordinary busiiiess day b. Announced Closed Open. Open, Nori- Rese rve Open Open before 9:00 pen Open a in. due to unless the BSP Governor decides to except \vhei. MBs represent If PhilPaSS ODF and TDF maturiiies for suspend operations d ue to risk to that the pertinent services o1 Maturing riterbank available Check Clearing and PESONet Settlement of transactions shall emergency situations the day shall be processed safely o1 BSP personnel or the BSP ROBS are riot required for transac!Ions shall applications are open 24/7 depend on Ph, ipaSS""' such as payment system the said period be settled except Announcement operations Other settlements and those that cannot o1 F1 In coordination with Citibank. Typhoon maturities 10LF. RRP Facility. Announcement of Suspension o1 operations due be done due to the Settlement PDDTS RTGS shall open PVP He ary rams BSP and Governmeni suspension/closing o1 operations to risk to salety DIPersonnelol Localized suspension of the shall be done shall remain open for the Securities I shall be settled I shall be done by the PSD BSP ROBS shall be approved by operations o1 by PDEx/PDS settlement of Inaruring Us DIPHP 1100ding BTr NROSS Is open BSP-FM the following BSP officials concerned BSP Grou p transactions Conflagration Us DIPHPlransactions due Alliransaciions shall be settled In departments. FMls Massive Day I 10r sell!ement forthe day PhilPaSS""' except ihose that . BSP Governor - for CMRO and CSOs transportaiion shall be seijied cannot be done due 10the sirike . BSP Deputy Governor. Armed or civil suspension of Ihe operations of ROAS - for provincial BSP conflict other concerned BSP departmenis. ROBS NROSS shall and Financial Market Announcement o1 suspension operate If there I Strong earthquakes and Infrastructures IFMlsj and Clearing o1 operations shall be done by fixed Income tsunamis Switch Operators ICSOs! linked to the respective BSP ROBS trading as the Ph, IPaSSP"' determined by Force majeure events PDEx Injectjous diseases There will be no outbreak Us DIPHP spot and swap trading

STANDARD OPERATING PROCEDURES FOR PHILIPPINE HOLIDAYS ANNEX A Appendix 881Q-51 BTr I BAP I PDEX I angko Sentral rig Pillpinas IBSPj PDTC PCHC BancNet MART Cash Services by BSP Monetary and FXIUSD/PHPj Regional Offices and ,. BTr-NROSS Payments and Settlements Branches IROBslincluding Settlement Operations the Greater Manila Regional 2. BAP - FX and FX Equities Type of Holiday Office IGMROj Derivatives Depository Trading and Settlement of Reserve Trading and Fixed CICS. PESONet. PVP Currency Deposits and Position 3. PDEx-Fixed ATM and InstaPay Settlements BSP-Financial Markets IFMj Income IUSD/PHPj. and PDDTS transactions such as, but Withdrawals, Cash Service Income Trading Depository riot limited to, ODF. OLF. Peso Real-Time Gross Settlement Alliance ICSA). First-level 4. MART- DVP through PhilPaSS""' System Administration. and Interbank GS TDF. RRP Facility. BSP and Government Check-clearing Tellering Repo Trading Transactions' Securities, and Us DIPHP Opening on the second and Open Open Reserve day. Open Open Open Open succeeding days shall be unless the BSP Governor decides 10 except when MBs represent 11 Monetary and 11 PhilPaSS Is decided by the Governor suspend operations due to risk to that the pertinent services o1 FX. Payment and NROSS shall operate available Check Clearing and PESONet Settlement ultransactions shall belore 6'00 am upon the sale!y o1 BSP personnel or the BSP ROBS are riot required for Settlemeni. and lithereis 11xed applications are open 24/7 depend on PhilPaSS"'"' BSP-t11cideni Management oayment system. Announcement of the said period Cash Service Income trading as Announcement operations Teams 11MTj suspension/closing o1 operations Operations by determined by o1 F1 In coordination witl, Citibank recommendation shall be done by PSD Suspension of operations due GNRO are all PDEx Settlement PDDTS RTGS shall open PVP 10 risk to saleiy o1 personnel o1 open shall be done shall remain open 10r Ihe Day 2 If the BSP-FM opens. It shall All transactions shall be settled In BSP ROBS shall be approved by If BSP-FM does riot by PDEx/PDS selllement o1 maturing Us DIPHP onwards make the appropriate Ph, IPaSS""' except those that the following BSP officials open. there will be Group transactions announcement 10 IIS cannot be done due to the no Us DIPHP spot counterparties before 9'00 suspension o1 the operations o1 . BSP Governor - 10r CMRO and swapirading am other concerned BSP departments . BSP Deputy Governor. and FMls and CSOs linked to the ROAS - for provincial BSP Ph, ipaSSP'"' ROBS Announcemeni o1 suspension of operations shall be done by the respective BSP ROBS c Announcedon a Saturdayor Under Sunday Iotake favorable Reserve effect the conditions 10/10wing

STANDARD OPERATING PROCEDURES FOR PHILIPPINE HOLIDAYS AN N Ex A Appendix 881Q-51 BTrI BAP I PDEX I angko Sentralng PilipinasIBSPj PDTC PCHC BancNet MART Cash Services by BSP Monetary and FXjusDiPHPj Regional Offices and I. BTr-NROSS Payments and Settlements Branches IRQBsjincluding Settlement Operations the Greater Manila Regional 2. BAP-FXand FX Equities Type of Holiday Office IGMROj Derivatives Depository Trading and Settlement of Reserve Trading and Fixed CICS. PESONet, PVP Currency Deposits and Position 3. PDEx - Fixed ATM and InstaPay Settlements BSP-Financial Markets IFMj Income IUSD/PHP). and PDDTS transactions such as. but Withdrawals, Cash Service Income Trading Depository Peso Real-Time Gross Settlement Alliance ICSA), First-level riotlimited to. ODF. OLF. 4. MART- DVP through PhilPaSSP'"' System Administration. and TDF. RRP Facility. Interbank GS BSP and Government Check-clearing Tellering Repo Trading Transactions' Securities. and Us DIPHP Monday. or announced on Closed Open Open. N on-rese rve Open Open Open Open a non-working unless the BSP Governor decides 10 except when MBs represent If PhilPaSS" Is holidaylolake ODF and ToF maiurities 10r suspend operations due 10 risk 10 that the pertinent services of Maturing Interbank available Check Clearing and PESONei Settlemeni o1 transactio effect the next the day shall be processed safely of BSP personnel or the BSP ROBS are riot required 101 transactions shall applications are open 24/7 depend on Ph, IPaSS"'"' business day payment system Announcement of the said period Announcement be settled except o perations and Other settlements and suspension/ closing o1 operations o1 F1 In coordination with Glibank Suspension Is those that cannot maturiiies 10LF. RRP Facility. shall be done by PSD Suspension o1 operations due Settlement PODTS RTGS shall open. PVP localized leg BSP and Government be dolle due to Ihe to risk to safety of personnel of shall be done shall remain open for settlement Araw rig Securities trades I shall be All transactions shall be settled In BSP ROBS shall be approved by suspension o11he by PDEx/PDS o1 maturing Us DIPHP May rilla. settled 11 BTr NROSS Is open. Ph, IPaSS""' excepi Ihose that the 10/10wing BSP o1/1cials operations of CIOu p transactions SONA. Quezon Otherwise. Ihese shall be cannot be done duelo the concerned BSP City Day. processed on the next suspension o11he operations of . BSP Governor - 10r GMRO departments. FMls APEC. Papal business day. BSP-FM other concerned BSP departments . BSP Deputy Governor U rider and CSOs Visit. etc. ) Us DIPHP transactions due and FMls and CSOs linked 10 the ROAS - for provincial BSP unfavorable 10r settlement for the day PhilPaSSP'"" ROBS condiiions The BSP shall shall be settled NROSS shall make the Operate If there Is Announcement of sus pension declaration o1 11 holiday extends up 10 the fixed Income of operations shall be done by favorable or next business day/s. trading as the respeciive BSP ROBS uniavora ble opening shall be decided by determined by condition before the Governor belore 6:00 PDEx 6:00 a. in a. in. upon the BSP-IMT's There will be no recommendation Us DIPHP spoi and swap trading If the BSP-FM opens. It shall Ina ke the a ppropriate announcemeni to Its counterparties before 900 am

STANDARD OPERATING PROCEDURES FOR PHILIPPINE HOLIDAYS ANNEX A Appendix 881Q-51 BTr I BAP I PDEXI angko Sentral rig Pilipinas IBSP) PCHC BancNet MART Cash Services by BSP Regional Offices and I. BTr-NROSS Monetary and FXjusD/PHPj Payments and Settlements Branches IROBsiincluding Settlement Operations the Greater Manila Regional 2. BAP- FX and FX Equities Type of Holiday Office IGMROj Derivatives Depository Trading and Settlement of Re serve Trading and Fixed CICS. PESONet, PVP Currency Deposits and Position 3. PDEx-Fixed ATM and InstaPay Settlements BSP-Financial Markets IFM) Income IUSD/PHP). and PDDTS transactions such as. but Withdrawals, Cash Service Income Trading Depository Peso Real-Time Gross Settlement Alliance ICSAj. First-level 4. MART- riot limited to, OOF. OLF. DVP through PhilPaSSP'"' System Administration. and Interbank GS TDF. RRP Facility, BSP and Government Check-clearing Tellering Repo Trading Transactions' Securities, and Us DIPHP Cause of holiday shall Reserve NOT require evacuation Closed Open. Open Non - reserve Open Open Open Open unless the BSP Governor decides to except when MBs represent 11Ph, IP8SS""'Is ODF and TDF maturities for suspend operations due to risk to that the pertinent services of NROSS shall operate available Check Clearing and PESONet Settlement of Ira nsactions shall the day shall be processed. safety of BSP person nel or the BSP ROBS are riot required for If thereisiixed applications are open 2417 depend on Ph, !Pass""' payment system the said period Income trading as Announcement operations d Announced at Other settlemenis and 900 am delermined by PDEx. o1 F1 In coordination with Citibank. Inaturities (OLF. RRP Facility. Announcement of Suspension of operations due Settlement PDDTS RTGS shall open. PVP onwards on BSP and Government suspension/closing o1 operations 10 risk 10 saleiy o1 person ne1 o1 Ihe dale o1 Cause o1 shall be done shall remain open for the Securities trades I shall be shall be done by PSD BSP ROBS shall be approved by by PDEx/PDS settlemeni o1 maturing Us DIPHP effectivity and holiday settled 11 BTr NROSS Is open the following BSP officials Grou p transactions BSP operations Shall Otherwise. these shall be In case no suspension Is have already require processed on the next announced. operations of PSD shall . BSP Governor - 101 CMRO slatted evacuation business day be done remotety. No skeleton . BSP Deputy Governor. Ie. g. . 10rce from PSD shall be retained ROAS - for provincial BSP ea rthqua ke. If holiday extends up to the onsite ROBS If BSP-FM does riot firej next business day/s. open. therewil! be o perilng shall be dec ded by All transactions shall be sellled In Announcement o1 sus pension no Us DIPHP spot the Governor before 6:00 PhilPaSS'" except those that o1 operations shall be done by and swap trading a. in. upon the BSP-INT's cannot be done due to the the respective BSP ROBS recommendation suspension o1 the operaiions o1 other concerned BSP depa riments 11 the BSP-FM opens. I shall and FMls and CSOs linked 10the in a ke the a ppropriate Ph, IPaSS' announcement to Its

STANDARD OPERATING PROCEDURES FOR PHILIPPINE HOLIDAYS ANNEX A Appendix 881Q-51 BTr I BAP I PDEX I angko Sentral rig Pillpinas IBSP) PCHC BancNet MART Cash Services by BSP Regional Offices and ,. BTr-NROSS Monetary and FXIUSD/PHPj Payments and Settlements Branches IROBsjincluding Settlement Operations the Greater Manila Regional 2. BAP-FXand FX Equities Type of Holiday Office IGMROj Derivatives Depository Trading and Settlement of Reserve Trading and Fixed CICS. PESONet, PVP Currency Deposits and Position 3. PDEx - Fixed Income ATM and InstaPay Settlements BSP-Financial Markets IFMj IUSD/PHPj. and PDDTS Withdrawals. Cash Service transactions such as. but Income Trading Depository Peso Real-Time Gross Settlement AlliancejCSAj. First-level not limited to, OOF. OLF. 4. MART- DVP through PhilPaSS"'"' System Administration, and Interbank GS TDF. RRP Facility. BSP and Government Check-clearing Teller Ing Repo Trading Transactions' Securities. and Us DIPHP counterparties belore 9.00 am

BTr I BAP I PDEX I PDTC Bangko Sentral rig Pilipinas (BSPj PCHC BancNet MART Cash Services by BSP Regional I. BTr-NROSS Monetary and FX IUSD/PHP) Offices and Branches IROBsj Settlement Payments and Settlements Operations Including the Greater Manila 2. BAP - FX and Regional Office IGMRO) FX Type of Holiday Derivatives Equities Trading and Settlement of Currency Deposits and BSP-Financial Markets IFMj Withdrawals. Cash Service Reserve Position Trading Depository and CICS, PESONet, PVP ATM andlnstaPay 3. PDEx - Fixed Fixed Income jusD/PHPj, and PDDTS Settlements transactions such as. but riot Alliance ICSAj. First-level Peso Real-Time Gross Income Depository DVP limited to. ODF. OLF, TDF, System Administration. and RRP Facility. BSP and Settlement through Ph, IPaSS""' Check-clearing Teller ing Trading 4. MART- Government Securities, and Transactions' us DIPHP Interbank CS Repo Trading 4. Trading holiday dec!a red by the BSP Governor due 10 emergency situations such as Injectious diseases outbreak. lockdown. and other similar situations Triggers 10r the BSP Governor 10 consider such a declaration Include. but are riot limited to. a declaration by the President. the Secretary o1 Health. or any competent government official duly authorized b law of a Cod e Red Sublevel Two 121, or I Ih Imposition of community quarantine in the entirety of Metro Manila Closed sed No n - reserve Open CICS shall continue to accept Settlement of transactions regular checks but shall be shall depend on PhJIPaSS""' value. daledihe next daywhen operations PhilPaSS""' opens PESONei shall also continue 10 receive transactions for next day settlement a Announced If the suspension before 9:00 announcement Is received am belore the BAM Morning Returns cutoff. acceptance o1 returns shall likewise be extended until8AM DIDay2 when PhilPaSS""' opens Morning Returns value date shall be the settlement date PCHC shall Issue Its own advisory to Its members citing Ihe PhilPaSS""' advisory received and shall Inform them that PESONet and CICS shall

BTrI BAP I PDEX I PDTC Bangko Sentralng Pilipinas IBSPj PCHC BancNet MART Cash Services by BSP Regional I. BTr-NROSS Monetary and FX jusD/PHPj Offices and Branches IRQBsj Settlement Payments and Settlements Operations including the Greater Manila 2. BAP - FX and Regional Office IGMROj FX Type of Holiday Trading and Settlement of Currency Deposits and Derivatives Equities BSP-Financial Markets IFMj Withdrawals. Cash Service Reserve Position Trading Depository and CICS, PESONet, PVP ATM and InstaPay transactions such as but riot 3. PDEx-Fixed Fixed Income jusD/PHPj. and PDDTS Settlements Alliance ICSAj, First-level limited to. ODF. OLF. TDF, Peso Real-Time Gross Income Depository DVP System Administration. and RRP Facility. BSP and Settlement through Ph, IPaSS""' Check-clearing TellerIng Trading Government Securities, and 4. MART- Transactions' us DIPHP Interbank GS Repo Trading remain open 10 accept clearing transactions In coordination with Citibank PODTS RTGS shall open Opening on Ihe second and Open Open Reserve day Open Open Open Open succeeding days shall be unless Ihe BSP Governor decides except when AABs represent I Monetary and FX If PhilPaSS""' Is decided by the Governor to suspend operations that the pertinent services of Payment and NROSS shall available Check Clearing and PESONei Settlement of transactions belore 6'00 am upon ihe BSP- Announcement o1 BSP ROBS are noirequired for Settlement. and operate If thereis applications are open 2417 shall depend on Ph, !Pass" INT's recommendation suspension/closing of opera t ons Ihe said period Cash Service 11xed ncome Announcemeni operations shall be dolte by PSD Operations by trading as o1 F1 Settlement In coordination with Citibank Suspension of operations due to GMRO are allopen. determined by shall be done by PDDTS RTGS shall open. PVP 11 BSP-FM opens. It shall make risk to salety DIPe, sonnelot BSP PDEx PDEx/PDS shall remain open 101 the Day 2 onwards the a oProPriate annou ricement All transactions shall be settled In ROBS shall be approved by the Grou p settlement Dimaturing lolls counterparties before Ph, IPeSS""' except those Ihat following BSP officials If BSP-FM does not Us DIPHP transactions 9:00 a. in cannot be done due to the open. Iherewillbe suspension oilhe operalions o1 . BSP Governor - 10r GMRO no Us DIPHP spot other concerned BSP . BSP Deputy Governor. ROAS and swa p trading departments. and FMls and CSOs - for provincial BSP ROBS linked 10 Ihe PhilPeSS""' Announcement of suspension of opera, Ions shall be done by the respective BSP ROBS

BTr I BAP I PDEX I PDTC Bangko Sentralng Pilipinas IBSPj PCHC BancNet MART Cash Services by BSP Regional I. BTr - NROSS Monetary and FXjusD/PHPj Offices and Branches (ROBSj Settlement Payments and Settlements Operations including the Greater Manila 2. BAP-FXand Regional OfficejGMROl FX Type of Holiday Trading and Settlement of Derivatives Equities Currency Deposits and BSP-Financial Markets IFMj Withdrawals, Cash Service Reserve Position Trading Depository and CICS. PESONet, PVP ATM and InstaPay transactions such as, but riot AlliancelCSAj. First-level 3. PDEx - Fixed Fixed Income IUSD/PHPj. and PDDTS Settlements limited to, OOF, OLF, TDF, Peso Real-Time Gross Income Depository DVP System Administration. and RRP Facility, BSP and Settlement through PhilPaSS, '"' Check-clearing Tellering Trading Government Securities. and 4. MART- Transactions' us DIPHP Interbank CS Repo Trading Assess situation and. 11 Open Open Reserve day Open Open Open Open possible. retain a skeleton unless the BSP Governor decides except when AABs represent 11 Monetary and FX If PhilPaSS"'"' Is force and Implement extended to suspend operations that the pertinent services of Payment and NROSS shall availa ble Check Clearing and PESONet Settlement of transactions end o1 day protocol Announcement o1 BSP ROBS are riot required 10r Seijiemeni. and operate lithereis applications are open 24/7 shall depend on Ph, !Pass"'"' suspension/closing o1 operations the said period Cash Service 11xed Income Announcement operations Announcement of BSP-FM shall be done by PSD Operations by trading as of F1 Settlement In coordination with Cmbank operations shall be done by Suspension of operations due to CMRO are all open. determined by shall be done by PDDTS RTGS shall open PVP BSP-FM All transaciions shall be settled In ris k to safety o1 personnel o1 BSP PDEx PDEx/PDS shall remain open 101 the b Announced at 9:00 a in PhilPaSS""' except those tilet ROBS shall be approved by the Group settlement o1 maturing onwards on the date o1 If holiday extends up to the cannot be done due to the 10/10wing BSP officials Us DIPHP transactions elfec:Ivity and BSP operations next business day/s. opening suspension o11he operaiions of have already SIa ried shall be decided by the other concerned BSP . BSP Governor-10r GMRO 11 BSP-FM does riot Governor before 6:00 am departments. and FMls and CSOs . BSP Deputy Governor. ROAS o pen. there will be upon the BSP-IMT's linked to the PhilPaSS""' - for provincial BSP ROBS no Us DIPHP spot recommendation and swap trading Announcement o1 suspension o1 11 the BSP- FM opens. 11 shall operations shall be done by the make the appropriate respective BSP ROBS announcement 10 Is counterparties before 900 am