SCCP Launches New Website

Manila—(PHStocks)—The Securities Clearing Corporation of the Philippines (SCCP), a wholly-owned subsidiary of The Philippine Stock Exchange Inc. (PSE), launched its new website www.sccp.com.ph to serve as a one-stop access to valuable information about clearing and settlement operations in the Philippine stock market.

The SSCP serves an important function in the trading of stocks by guaranteeing the delivery of cash and securities to all buyers and sellers of stocks in the Exchange.  The presence of central counterparties such as the SCCP has served to mitigate risks and failures in the stock market especially in times of crises.

“A website with updated information is a helpful tool in maintaining transparency in SCCP’s operations,” PSE and SCCP President and CEO Hans B. Sicat said.  “Access to information is vital in keeping with best practices in light of the growing demand for transparency in the critical functions in the financial markets.”

One of the main features of the website is the market value chart which provides website visitors a snapshot of the performance of the stock market.

The new website also contains downloadable files that make it possible to easily obtain important documents such as SCCP’s rules and regulations, SCCP-issued memoranda, the Central Clearing Central Settlement quick guide, and membership and clearing-related forms.

The website also offers accurate and timely information on relevant corporate actions by listed companies including stock dividend declarations, changes in par value, initial public offerings, and security delistings. It also has a communication facility that allows the investing public to conveniently relay their inquiries to the SCCP.