BANKERS ASSOCIATION OF THE PHILIPPINES
PUBLIC ADVISORY, January 14, 2015
The Bankers Association of the Philippines (BAP) wishes to inform the general public the following advisory on the operations of commercial banks for Jan. 15, 16 and 19, 2015 in connection with the Papal Visit.
* Branch Operations in the National Capital Region (NCR): Selected branches of various commercial banks in Metro Manila will be open to serve their customers. Provincial or branches outside of Metro Manila will observe the regular banking hours on these dates.
The BAP invites the banking public to check with their respective banks as to what branches will be open and the financial services that would be available during the holidays. The public is likewise encouraged to watch out for advisories and other important information from the banks in the newspapers, bank websites, television, radio and other electronic means to be guided accordingly.
* FX and Bond Trading: In line with BSP M-2015-003, Foreign Exchange (FX) and Bond/GS trading are suspended on Jan. 15, 16 and 19.
* Clearing of Checks and Settlement: Regular clearing operation is suspended on Jan. 15 and 16 as the Philippine Clearing House Corp. (PCHC) will be closed on these dates. Regular clearing and settlement of transactions will resume when BSP PhilPass opens on Monday, 19 January 2015.
* As the usual practice during long holidays, the banks have put into place mechanisms to ensure availability of cash in their ATMs and to address security concerns.
Cesar. O. Virtusio