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| Contact Person: | Renee D. Rubio - Chief Operating Officer | |
| Business Address: | 2/Floor Philippine Stock Exchange
Tower One & Exchange Plaza Ayala Triangle, Ayala Avenue, Makati City, Philippines Philippines |
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| Tel. No.: | (632) 819-4465 | |
| Fax. No.: | (632) 848-6616 | |
| E-Mail Address: | rdrubio@sccp.com.ph | |
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The Securities Clearing Corporation of the Philippines ("SCCP") is a private institution organized primarily as a clearance and settlement agency for depository eligible trades executed in the PSE. SCCP received its permanent license to operate on January 17, 2002. It is responsible for establishing the liabilities between trading participants of the Exchange; synchronizing the settlement of funds and the transfer of securities; guaranteeing the settlement of trades in the event of trading participant default; and administering the appropriate risk management functions in order to ensure settlement. SCCP assumes the role of guarantor for trading participant transactions in the Exchange along with the maintenance and administration of a trade guaranty fund, called the Clearing and Trade Guarantee Fund. PSE holds 100% ownership of SCCP. |
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PHILIPPINE DEALING SYSTEM HOLDINGS CORPORATION |
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The Philippine Dealing System Holdings Corporation ("PDS Holdings") is the holding company of the Philippine Dealing and Exchange Corporation, Philippine Depositary and Trust Corporation, and the Philippine Securities Settlement Corporation, referred to as the fixed income exchange ("FIE"). The FIE infrastructure is an electronic platform for trading, clearing and settlement, depositary and custodianship of fixed income securities and its derivatives. PSE holds a 14.29 % stake in the capital stock of PDS Holdings. |
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