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                    [ArticleID] => 256289
                    [Title] => SCCP urges changes in PSE’s clearing system
                    [Summary] => The Securities Clearing Corp. of the Philippines (SCCP) has proposed changes in its existing rules to facilitate the prompt and efficient implementation of the new clearing and settlement system acquired by the local bourse.


Under the proposed changes, in the event of a security delivery fails, the defaulting clearing member or broker firm will be required to settle securities obligation in the form of cash.


 Presently, a broker firm which can not meet its obligations to clients can just tap the securities borrowing and lending facility.


                    [DatePublished] => 2004-07-04 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1804021
                    [AuthorName] => Zinnia B. Dela Peña
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

            [1] => Array
                (
                    [ArticleID] => 228727
                    [Title] => PSE plans hike in settlement and clearing fees, broker’s contribution
                    [Summary] => The Philippine Stock Exchange (PSE) plans to increase the amount of the clearing and trade guaranty fund (CTGF) in line with efforts to enhance the reliability of and confidence in the settlement system.


The PSE said the amount of the CTGF will be augmented by increasing the contribution rate applied to the broker firms’ monthly turnover volumes.  


Apart from this, the PSE plans to increase the fees for settlement and clearing by next year.  


                    [DatePublished] => 2003-11-21 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1804021
                    [AuthorName] => Zinnia B. Dela Peña
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

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)

CTGF

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                    [ArticleID] => 256289
                    [Title] => SCCP urges changes in PSE’s clearing system
                    [Summary] => The Securities Clearing Corp. of the Philippines (SCCP) has proposed changes in its existing rules to facilitate the prompt and efficient implementation of the new clearing and settlement system acquired by the local bourse.


Under the proposed changes, in the event of a security delivery fails, the defaulting clearing member or broker firm will be required to settle securities obligation in the form of cash.


 Presently, a broker firm which can not meet its obligations to clients can just tap the securities borrowing and lending facility.


                    [DatePublished] => 2004-07-04 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1804021
                    [AuthorName] => Zinnia B. Dela Peña
                    [SectionName] => Business
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                    [URL] => 
                )

            [1] => Array
                (
                    [ArticleID] => 228727
                    [Title] => PSE plans hike in settlement and clearing fees, broker’s contribution
                    [Summary] => The Philippine Stock Exchange (PSE) plans to increase the amount of the clearing and trade guaranty fund (CTGF) in line with efforts to enhance the reliability of and confidence in the settlement system.


The PSE said the amount of the CTGF will be augmented by increasing the contribution rate applied to the broker firms’ monthly turnover volumes.  


Apart from this, the PSE plans to increase the fees for settlement and clearing by next year.  


                    [DatePublished] => 2003-11-21 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1804021
                    [AuthorName] => Zinnia B. Dela Peña
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

        )

)

abtest

SCCP urges changes in PSE’s clearing system

By Zinnia B. Dela Peña | July 4, 2004 - 12:00am

The Securities Clearing Corp. of the Philippines (SCCP) has proposed changes in its existing rules to facilitate the prompt and efficient implementation of the new clearing and settlement system acquired by the local...

Business

PSE plans hike in settlement and clearing fees, broker’s contribution

By Zinnia B. Dela Peña | November 21, 2003 - 12:00am

The Philippine Stock Exchange (PSE) plans to increase the amount of the clearing and trade guaranty fund (CTGF) in line with efforts to enhance the reliability of and confidence in the settlement system. The PSE...

Business