Patrick Balido Michael Cariňo Hazel Espera Erika Manalili Arlyn Lamadrid Giselle Lim Charmainne...

15
Patrick Balido Michael Cariňo Hazel Espera Erika Manalili Arlyn Lamadrid Giselle Lim Charmainne Tomas

Transcript of Patrick Balido Michael Cariňo Hazel Espera Erika Manalili Arlyn Lamadrid Giselle Lim Charmainne...

Page 1: Patrick Balido Michael Cariňo Hazel Espera Erika Manalili Arlyn Lamadrid Giselle Lim Charmainne Tomas.

Patrick BalidoMichael CariňoHazel EsperaErika Manalili

Arlyn LamadridGiselle Lim

Charmainne Tomas

Page 2: Patrick Balido Michael Cariňo Hazel Espera Erika Manalili Arlyn Lamadrid Giselle Lim Charmainne Tomas.

To develop and operate a centralized electronic marketplace

that will promote price discovery and transparency for Philippine fixed

income securities and foreign exchange transactions.

Page 3: Patrick Balido Michael Cariňo Hazel Espera Erika Manalili Arlyn Lamadrid Giselle Lim Charmainne Tomas.

To be the catalyst for promoting efficiency, price discovery, transparency and investor

protection in the domestic fixed income market.

Page 4: Patrick Balido Michael Cariňo Hazel Espera Erika Manalili Arlyn Lamadrid Giselle Lim Charmainne Tomas.

Vicente B. CastilloChairman and Chief Executive Officer

Cesar B. CrisolPresident and Chief Operating Officer

Peter Chia Chon HianDirector

Atty. Francisco Ed. LimDirector

Mark P. WatkinsonDirector

Ricardo L. FernandezDirector

George S. ChuaIndependent Director

Hans B. SicatIndependent Director

Teodoro B MontecilloIndependent Director

Page 5: Patrick Balido Michael Cariňo Hazel Espera Erika Manalili Arlyn Lamadrid Giselle Lim Charmainne Tomas.

Vicente B. CastilloChairman/CEO

Cesar B. CrisolPresident/COO

Antonino A. NakpilDirector, Trading Services

Girard B. MatutinaAssociate Director, Market Operations

Maria Victoria M. CainticAssociate Director, Listing & Enrolment

Jose A. TanjangcoAssociate Director, Issuer Product Development

Page 6: Patrick Balido Michael Cariňo Hazel Espera Erika Manalili Arlyn Lamadrid Giselle Lim Charmainne Tomas.

Philippine Dealing System Holdings Corp. or PDS Group Its subsidiaries:

1. Philippine Securities Settlement Corporation (PDS holdings)2. Philippine Depository and Trust Corporation (PDTC)

licensed by the SEC “X- Stream” system

March 2005: began its trading operations in GS July 2006: formally recognized as a SRO November 2007: SRO registration of PDEx was expanded February 2008: SRO authority was expanded

Page 7: Patrick Balido Michael Cariňo Hazel Espera Erika Manalili Arlyn Lamadrid Giselle Lim Charmainne Tomas.

first centralized electronic infrastructure comprehensive financial market infrastructure Development of local capital market X-stream system Trading floor is not physical but virtual

September 2007: rules governing the PDEx Repo Market was approved

November 2007: Inter-Professional Market February 2008: Public Market Trading Platform

Page 8: Patrick Balido Michael Cariňo Hazel Espera Erika Manalili Arlyn Lamadrid Giselle Lim Charmainne Tomas.

September 2006: Straight-Through Processing (STP) November 2006: Auto-Matching system was launched launched a Market Maker program

Page 9: Patrick Balido Michael Cariňo Hazel Espera Erika Manalili Arlyn Lamadrid Giselle Lim Charmainne Tomas.

Internet-based system Was launched in June 2009 Simplified transaction entry system

Page 10: Patrick Balido Michael Cariňo Hazel Espera Erika Manalili Arlyn Lamadrid Giselle Lim Charmainne Tomas.

Under the provisions of the Securities Regulation Code or SRC

Separate the Market Governance function of PDEx from its Corporate Governance

Market Governance Board composed of 9 governors

◦ 4 governors representing market interests1. the issuers2. the dealers3. the salesmen4. the investors

◦ 4 governors that are independent◦ a representative of PDEx as market operator

Page 11: Patrick Balido Michael Cariňo Hazel Espera Erika Manalili Arlyn Lamadrid Giselle Lim Charmainne Tomas.

ALLIED BANKING CORP.                           ASIA UNITED BANK CORPORATION                                 ASIAN ALLIANCE INVESTMENT CORP. ASIATRUST DEVELOPMENT BANK AUSTRALIA AND NEW ZEALAND BANKING GROUP LIMITED BANCO DE ORO UNIBANK, INC.           BANK OF COMMERCE                                BANK OF THE PHILIPPINE ISLANDS        BDO PRIVATE BANK                                  BPI CAPITAL CORPORATION                                  CHINA BANKING CORPORATION                            CHINATRUST (PHILS.) COMMERCIAL BANK CORP. CITIBANK N.A. DEUTSCHE BANK, AG DEVELOPMENT BANK OF THE PHILS.       EASTWEST BANKING CORP.                      EXPORT & INDUSTRY BANK                     FIRST METRO INVESTMENT CORP. ING BANK, NV MANILA JP MORGAN CHASE BANK                         LAND BANK OF THE PHILIPPINES           

MAYBANK PHILIPPINES, INC. METROPOLITAN BANK & TRUST COMPANY MULTINATIONAL INVESTMENT

BANCORPORATION PHILIPPINE BANK OF

COMMUNICATIONS      PHILIPPINE BUSINESS BANK PHILIPPINE COMMERCIAL CAPITAL INC. PHILIPPINE NATIONAL BANK                   PHILIPPINE POSTAL SAVINGS BANK PHILIPPINE SAVINGS BANK PHILIPPINE VETERANS BANK PLANTERS DEVELOPMENT BANK RCBC SAVINGS BANK, INC. RIZAL COMMERCIAL BANKING CORP. ROBINSONS SAVINGS BANK SECURITY BANK CORP.                            STANDARD CHARTERED BANK                 THE HONGKONG AND SHANGHAI

BANKING CORPORATION LIMITED UNION BANK OF THE PHILIPPINES UNITED COCONUT PLANTERS BANK        VICSAL INVESTMENT, INC.

Page 12: Patrick Balido Michael Cariňo Hazel Espera Erika Manalili Arlyn Lamadrid Giselle Lim Charmainne Tomas.

ALLIED BANKING CORPORATION BANCO DE ORO UNIBANK, INC. BANK OF COMMERCE BANK OF THE PHILIPPINE ISLANDS BPI CAPITAL CORPORATION CHINA BANKING CORPORATION CITICORP FINANCIAL SERVICES &

INSURANCE BROKERAGE PHILS INC DEVELOPMENT BANK OF THE

PHILIPPINES EAST WEST BANKING CORPORATION FIRST METRO INVESTMENT CORP. LAND BANK OF THE PHILIPPINES MAYBANK PHILIPPINES, INC.

METROPOLITAN BANK & TRUST COMPANY

MULTINATIONAL INVESTMENT BANCORPORATION

PHILIPPINE COMMERCIAL CAPITAL INC.

PHILIPPINE NATIONAL BANK PHILIPPINE VETERANS BANK RIZAL COMMERCIAL BANKING CORP. SECURITY BANK CORP. STANDARD CHARTERED BANK THE HONG KONG AND SHANGHAI

BANKING CORPORATION UNION BANK OF THE PHILIPPINES UNITED COCONUT PLANTERS BANK VICSAL INVESTMENT, INC

Page 13: Patrick Balido Michael Cariňo Hazel Espera Erika Manalili Arlyn Lamadrid Giselle Lim Charmainne Tomas.

Rule 1 Trading Participants

Rule 1.1 General Provision1. No person shall be allowed to trade on the PDEx

Trading System without being qualified to do so by PDEx.

2. A Trading Participant shall be any person that has been qualified to tradeon the PDEx Trading System

Rule 1.3 Qualifications of a Trading Participant

Page 14: Patrick Balido Michael Cariňo Hazel Espera Erika Manalili Arlyn Lamadrid Giselle Lim Charmainne Tomas.

Rule 3 Trading

Rule 3.1 Trading Day and Non-Trading DayEveryday shall be a Trading Day except for Saturdays, Sundays, legal holidays, and days when Philippine Clearing House Corporation clearing operations are suspended.

Page 15: Patrick Balido Michael Cariňo Hazel Espera Erika Manalili Arlyn Lamadrid Giselle Lim Charmainne Tomas.

In Relation to Capital Market