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Instruction specifications – Xact Web Portal – Philippines

29.07.2024

In the following tables, M=Mandatory; O=Optional; C=Conditional.

Place of Settlement (PSET):

For equities, corporate bonds, warrants: PHCDPHM1 (Philippine Depository and Trust Corp.)
For government securities: BUTRPHM1 (Bureau of the Treasury)

Government bonds, T-bills

	Receive Free
M	Trade date
O	Deal price
M	Settlement quantity	Face Amount <amount>
	Delivering settlement parties
M	Depository Format	BIC
	Depository Identifier	BUTRPHM1XXX
M	Party 1 Format	BIC ^a
	Party 1 Identifier	counterparty's BIC ^a
M	Party 2 Format	BIC ^a
	Party 2 Identifier	ordering party's BIC ^a
O	Party 2 Safekeeping account	ordering party's account
M	Beneficial ownership	unticked (No change of beneficial ownership)
	Receive Against Payment
M	Trade date
O	Deal price
M	Settlement quantity	Face Amount <amount>
	Delivering settlement parties
M	Depository Format	BIC
	Depository Identifier	BUTRPHM1XXX
M	Party 1 Format	BIC ^a
	Party 1 Identifier	counterparty's BIC ^a
M	Party 2 Format	BIC ^a
	Party 2 Identifier	ordering party's BIC ^a
O	Party 2 Safekeeping account	ordering party's account
	Deliver Free
M	Trade date
O	Deal price
M	Settlement quantity	Face Amount <amount>
	Receiving settlement parties
M	Depository Format	BIC
	Depository Identifier	PHCDPHM1XXX
M	Party 1 Format	BIC ^a
	Party 1 Identifier	counterparty's BIC ^a
M	Party 2 Format	BIC ^a
	Party 2 Identifier	beneficiary's BIC ^a
O	Party 2 Safekeeping account	beneficiary's account
M	Beneficial ownership	unticked (No change of beneficial ownership)
	Deliver Against Payment
M	Trade date
O	Deal price
M	Settlement quantity	Face Amount <amount>
	Receiving settlement parties
M	Depository Format	BIC
	Depository Identifier	BUTRPHM1XXX
M	Party 1 Format	BIC ^a
	Party 1 Identifier	counterparty's BIC ^a
M	Party 2 Format	BIC ^a
	Party 2 Identifier	beneficiary's BIC ^a
O	Party 2 Safekeeping account	beneficiary's account

Equities, corporate bonds and warrants

	Receive Free
M	Trade date
O	Deal price
M	Settlement quantity	Units <amount>
	Delivering settlement parties
M	Depository Format	BIC
	Depository Identifier	PHCDPHM1XXX
M	Party 1 Format	BIC ^a
	Party 1 Identifier	counterparty's BIC ^a
M	Party 2 Format	BIC ^a
	Party 2 Identifier	ordering party's BIC ^a
O	Party 2 Safekeeping account	ordering party's account
M	Beneficial ownership	unticked (No change of beneficial ownership)
	Receive Against Payment
M	Trade date
O	Deal price
M	Settlement quantity	Units <amount>
	Delivering settlement parties
M	Depository Format	BIC
	Depository Identifier	PHCDPHM1XXX
M	Party 1 Format	BIC ^a
	Party 1 Identifier	counterparty's BIC ^a
M	Party 2 Format	BIC ^a
	Party 2 Identifier	ordering party's BIC ^a
O	Party 2 Safekeeping account	ordering party's account
	Deliver Free
M	Trade date
O	Deal price
M	Settlement quantity	Units <amount>
	Receiving settlement parties
M	Depository Format	BIC
	Depository Identifier	PHCDPHM1XXX
M	Party 1 Format	BIC ^a
	Party 1 Identifier	counterparty's BIC ^a
M	Party 2 Format	BIC ^a
	Party 2 Identifier	beneficiary's BIC ^a
O	Party 2 Safekeeping account	beneficiary's account
M	Beneficial ownership	unticked (No change of beneficial ownership)
	Deliver Against Payment
M	Trade date
O	Deal price
M	Settlement quantity	Units <amount>
	Receiving settlement parties
M	Place of Settlement	BIC
	Party	PHCDPHM1XXX
M	Party 1 Format	BIC ^a
	Party 1 Identifier	counterparty's BIC ^a
M	Party 2 Format	BIC ^a
	Party 2 Identifier	beneficiary's BIC ^a
O	Party 2 Safekeeping account	beneficiary's account

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a. If no BIC exists for the Delivering/Receiving Agent or for the Seller/Buyer, the Name option can be used instead in each case. If the appropriate BIC does exist but is not provided, STP cannot be guaranteed and there is a risk of incurring eventual charges.

Further Philippines MLG information

Related Philippines information

Market Profile – Philippines
Market Taxation Guide - Philippines
Entitlement Compensation Rules – Philippines
Disclosure Requirements – Philippines
BaFin Three-Point Declaration – CBL

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