CICS, PESONet & PDDTS OPERATE ON ADJUSTED CUT-OFFS DURING GCQIn line with the guidelines of the BSP under the New Economy Arrangements, please be informed that beginning June 15, 2020, Operating and Cut-off Timelines of the Philpass within 9:00 AM to 3:00 PM as per Philpass Advisory No. BPU-2020-048 dated March 17, 2020 shall continue to remain in effect until further notice.
As such, Operating Timelines and Cut-off Times as indicated in MC No. 3600 dated March 16, 2020 shall remain in effect:
- Nationwide Check Clearing – 1:30 PM cut-off
- PESONet – 1:30 PM cut-off
- PDDTS End-of-day – 2:00 PM cut-off (per PDDTS MC No. 2020-58, dated March 16, 2020)
This is pursuant to PhilPaSS Advisory No. BPU-2020-070 dated June 10, 2020.
Please refer to your individual depository bank for timelines on acceptance of deposits and electronic fund transfers, including availability of funds (proceeds from check deposit/fund transfer).