January 25, 2021
TO : All Clearing Banks / Institutions
RE : ADJUSTMENT IN AM RETURNS CLEARING RESULTS SUBMITTED TO BSP (PHILPASS)
1. Please be informed that there were errors in the AM RETURNS SUMMARY submitted to BSP
today, January 25, 2021 for value date January 22, 2021, resulting in the posting of
inaccurate clearing results. We are now taking steps to resolve the issue and will advise as
soon as it is fixed.
2. Expect respective DDA balances to reflect an adjustment.
3. The AM Returns Summary, including inward and outward reports posted in the PACSWEB
(web portal) are accurate.
4. For information and guidance.