BSP Advises the Public on the Banks’ Schedule of Operations During the 4-Day APEC Holidays

The Bangko Sentral ng Pilipinas (BSP) advises the public on the schedule of operations of banks during the four (4)-day Asia Pacific Economic Cooperation (APEC) summit. This is in light of Proclamation No. 1072 declaring 18 and 19 November 2015 as Special (Non-Working) Days in the National Capital Region (NCR); and Memorandum Circular No. 84 suspending work in government offices including Government-Owned or Controlled Corporations on 17 and 20 November 2015 in NCR.

The Advisory informs the public that banks in NCR will operate on a “business as usual” mode on 17 nd 20 November 2015, except for foreign exchange/swap transactions. Only selected bank branches in NCR may be open on 18 and 19 November. As such, the public is advised to check with their respective banks as to what branches will be open during these days.

For bank branches located in Areas Outside Metro Manila (AOMM), they will operate on a “business as usual” mode from 17 to 20 November, except for check processing on 18 and 19 November.

For clearing and settlement of checks, the Philippine Clearing House Corp. (PCHC), will operate on 17 and 20 November to accept and process checks sent for clearing by banks. In this regard, the public is reminded that check deposits received by banks, whether located within or outside NCR on 17 November (if received within cut-off) are considered deposits by 17 November. While check deposits received by banks located in AOMM and some open branches in NCR on 18 and 19 November will be considered deposits received on 20 November.

Finally, the public is assured that all banks have been reminded to ensure availability of cash in their Automated Teller Machines (ATMs) during the period 17 to 20 November.

Download advisory: news-11062015c1