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                    [ArticleID] => 100503
                    [Title] => PSE gets May 15 deadline to reduce stake in SCCP
                    [Summary] => 

The Securities and Exchange Commission (SEC) is giving the Philippine Stock
Exchange until May 15 to reduce its interest in the Securities Clearing Corp.
of the Philippines (SCCP), the clearing and settlement house for listed
stocks.

At the same time, however, the commission en banc told PSE chairman Felipe Yap
in a letter that upon consultation with the Bangko Sentral ng Pilipinas (BSP),
BSP Gov. Rafael Buenaventura made it clear the BSP is not yet allowing
individual banks to take on clearing functions of the SCCP.
                    [DatePublished] => 2000-04-13 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 
                    [AuthorName] => 
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

        )

)

PHILIPPINE CENTRAL DEPOSITORY UNIT

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    [results] => Array
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            [0] => Array
                (
                    [ArticleID] => 100503
                    [Title] => PSE gets May 15 deadline to reduce stake in SCCP
                    [Summary] => 

The Securities and Exchange Commission (SEC) is giving the Philippine Stock
Exchange until May 15 to reduce its interest in the Securities Clearing Corp.
of the Philippines (SCCP), the clearing and settlement house for listed
stocks.

At the same time, however, the commission en banc told PSE chairman Felipe Yap
in a letter that upon consultation with the Bangko Sentral ng Pilipinas (BSP),
BSP Gov. Rafael Buenaventura made it clear the BSP is not yet allowing
individual banks to take on clearing functions of the SCCP.
                    [DatePublished] => 2000-04-13 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 
                    [AuthorName] => 
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

        )

)

abtest

PSE gets May 15 deadline to reduce stake in SCCP

April 13, 2000 - 12:00am

The Securities and Exchange Commission (SEC) is giving the Philippine Stock Exchange until May 15 to reduce its interest in the Securities Clearing Corp. of the Philippines (SCCP), the clearing and settlement...

Business