To our valued clients,

Please be advised that The Securities Clearing Corporation of the Philippines (SCCP) is targeting to migrate to the shortened T+2 settlement cycle effective the trade date of August 24, 2023. With this, equities trades executed on August 24, 2023 will be settled on August 29, 2023, taking into consideration the national holiday on August 28, 2023 (National Heroes' Day).

In order to transition to the new settlement cycle, the last T+3 trades executed on August 23, 2023 will be settled on August 29, 2023 and the T+2 trades executed on August 24, 2023 will also be settled on August 29, 2023. After the August 29, 2023 settlement date, all trades will settle on a T+2 basis.

Please be guided accordingly.

Source: SCCP Website under No. 01-0623 (published on June 13, 2023)