PESONet MC 22-081

January 20, 2022

TO: All PESONet Participants


1. The Payments and Settlements Department of the Bangko Sentral ng Pilipinas, in their PhilPaSS Advisory No.

BPU-2022-005, issued on 19 January 2022 has confirmed that the DDA3 accounts of PESONet participants will be

activated on 21 January 2022.

2. In view of this Advisory, PESONet participants are encouraged to fund their DDA3 accounts on 21 January 2022

in preparation for the first settlement of the PESONet MBS on 24 January 2022 at 10:00am. Funding should be

sufficient to cover all outgoing PESONet transactions to ensure that transactions will not be cancelled due to

lack of funds.

3. To allow participants to perform any Production Verification Tests (viz, "penny test") as desired, PCHC shall

enable Treasurer and Treasurer Authorizer users to login to PESONet via on 21 January 2022.

4. The PESONet Frant-End at will also be open for any participants that may need

to perform additional activities prior to 22 January 2022.

5. Should a participant perform any testing, participants are reminded that any funding or defunding instruction

sent on 21 January 2022 will be processed against participants' actual DDA3 balance with the BSP.

6. Participants are requested not to send any outward PESONet transactions via the PESONet MBS before 22

January 2022 at 8:00am. Any transactions received prior to time will be deleted.

7. We look forward to your understanding , readiness and participation.

PESONet MC.22-081.Availability of PESONet MBS and DDA3 Accounts
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