Philippines

July 1, 2020
Draft Regulations of the Central Bank of the Philippines on Amendments to Derivatives Regulations.

March 17, 2020
EMTA Publishes its Guidance Note on PHP/USD Non-Deliverable FX and Currency Option Transactions under the EMTA and SFEMC Template Terms.

March 29, 2018
EMTA Issues FX and Currency Derivatives Market Practice No 82 on Revisions to Philippine Peso Rate Source Definition. CLICK HERE to view Market Practice No. 82.

December 16, 2017
Bankers Association of the Philippines Publishes Guidelines for the Settlement and Publication of the USD/PHP Spot Effective April 1, 2018

December 11, 2014
Moody’s Upgrades The Philippines from Baa3 to Baa2.

May 8, 2014
Standard & Poor's Upgrades The Philippines' Long-Term Sovereign Credit Rating from BBB- to BBB.

May 2, 2013
Standard & Poor’s Upgrades its Sovereign Credit Rating on the Philippines from BB+ to BBB- (Investment Grade).

March 27, 2013
Fitch Upgrades The Philippines’ Long-Term Foreign Currency Issuer Default Rating from BB+ to BBB- (Investment Grade).

July 4, 2012
Standard & Poor's Upgrades The Philippines’ Long-Term Foreign Currency Sovereign Credit Rating from BB to BB+.

November 12, 2010
Standard & Poor's Upgrades Philippines Long-Term Foreign Currency Sovereign Credit Rating from BB- to BB.

April 10, 2007	Philippines to Redeem Interest Reduction Bond - Fiscal Agent Notice.
November 6, 2006	Philippines to Redeem Interest Reduction Bonds – Fiscal Agent Notice.
October 25, 2006	EMTA, ISDA and FXC update Annex A to the FX and Currency Option Definitions with an updated rate source definition for the Indian Rupee and a new rate source definition for the Philippine Peso. CLICK HERE for the Annex A updates. EMTA, SFEMC and the FXC issue updated PHP Template Terms for Non-Deliverable FX Transactions. CLICK HERE for the updated Template Terms. EMTA issues FX and Currency Derivative Market Practice No. 41 in connection therewith. CLICK HERE for EMTA’s Market Practice No. 41.
April 26, 2006	Philippines to Redeem Interest Reduction Bonds – Fiscal Agent Notice.
November 1, 2004	EMTA, SFEMC and FXC Jointly Announce Amended Asian Currency NDF Documentation. EMTA Publishes NDF Market Practice No. 34 For Amended Asian Currency Template Terms. EMTA, the FXC and ISDA Announce Amendments to Annex A of the 1998 FX and Currency Option Definitions. Click Here for Joint Announcement Click Here for NDF Market Practice 34 Click Here for Amendments to Annex A
May 5, 2004	EM Sovereign Bond Chart for Philippines..
March 29, 2004	EM Sovereign Bond Charts for Indonesia, Latvia, Philippines, Romania, Slovak Republic and Thailand.
February 10, 2004	EM Sovereign Bond Documentation Charts for Philippines and Poland.
October 29, 2001	Hong Kong MPC Supports EMTA NDF Template Terms.
February 5, 2001	EMTA Template Terms for CNY/, INR/, KRW/, PHP/ and TWD/USD NDFs, and related NDF Market Practices, are dated and effective as of today. Asia Reference Dealer "Reference" List also available.
May 11, 2000	First Drafts of EMTA Template Terms for Asia-Specific NDF Transactions. Final Template Terms are available by Clicking Here.