CICS MC 3590
Updated: Jan 7
January 13, 2020
TO : All Clearing Banks/Institutions
RE : NO CLEARING/NO SETTLEMENT TODAY JANUARY 13, 2020
1. Due to continuous downpour of ashes caused by the eruption of Taal Volcano, Malacanang has suspended work in
2. Further to such announcement, we are informed that Section 3b, Appendix 88/Q-49 of BSP Circular 1043 has been
invoked. This means that there will be NO CLEARING and NO SETTLEMENT today, January 13, 2020.
3. In this connection, PCHC shall extend its AM Returns Clearing Window until 8:00 AM tomorrow and will continue to
receive regular transactions today to be settled/value-dated January 14, 2020.
4. For information and guidance.