patrick balido michael cariňo hazel espera erika manalili arlyn lamadrid giselle lim charmainne...
TRANSCRIPT
![Page 1: Patrick Balido Michael Cariňo Hazel Espera Erika Manalili Arlyn Lamadrid Giselle Lim Charmainne Tomas](https://reader035.vdocuments.site/reader035/viewer/2022062717/56649e5f5503460f94b59e17/html5/thumbnails/1.jpg)
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](https://reader035.vdocuments.site/reader035/viewer/2022062717/56649e5f5503460f94b59e17/html5/thumbnails/2.jpg)
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](https://reader035.vdocuments.site/reader035/viewer/2022062717/56649e5f5503460f94b59e17/html5/thumbnails/3.jpg)
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](https://reader035.vdocuments.site/reader035/viewer/2022062717/56649e5f5503460f94b59e17/html5/thumbnails/4.jpg)
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](https://reader035.vdocuments.site/reader035/viewer/2022062717/56649e5f5503460f94b59e17/html5/thumbnails/5.jpg)
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](https://reader035.vdocuments.site/reader035/viewer/2022062717/56649e5f5503460f94b59e17/html5/thumbnails/6.jpg)
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](https://reader035.vdocuments.site/reader035/viewer/2022062717/56649e5f5503460f94b59e17/html5/thumbnails/7.jpg)
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](https://reader035.vdocuments.site/reader035/viewer/2022062717/56649e5f5503460f94b59e17/html5/thumbnails/8.jpg)
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](https://reader035.vdocuments.site/reader035/viewer/2022062717/56649e5f5503460f94b59e17/html5/thumbnails/9.jpg)
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](https://reader035.vdocuments.site/reader035/viewer/2022062717/56649e5f5503460f94b59e17/html5/thumbnails/10.jpg)
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](https://reader035.vdocuments.site/reader035/viewer/2022062717/56649e5f5503460f94b59e17/html5/thumbnails/11.jpg)
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](https://reader035.vdocuments.site/reader035/viewer/2022062717/56649e5f5503460f94b59e17/html5/thumbnails/12.jpg)
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](https://reader035.vdocuments.site/reader035/viewer/2022062717/56649e5f5503460f94b59e17/html5/thumbnails/13.jpg)
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](https://reader035.vdocuments.site/reader035/viewer/2022062717/56649e5f5503460f94b59e17/html5/thumbnails/14.jpg)
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](https://reader035.vdocuments.site/reader035/viewer/2022062717/56649e5f5503460f94b59e17/html5/thumbnails/15.jpg)
In Relation to Capital Market