CICS MC 3590

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

government.

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.

MC.3590

.NO CLEARING_NO SETTLEMENT TODAY

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