the market in which exchange rates are determined. – it is a place where the trading of currencies and bank deposits denominated in particular currencies takes place.

also termed as the foreign exchange rate, forex rate or

the price of one currency in terms of another.

the predominant type of exchange rate transaction which involves the immediate exchange of bank deposits denominated in different currencies.

a transaction that involves the exchange of bank deposits denominated in different currencies at some specified future date.

a system where the price of the dollar relative to the peso is determined by the free market forces of demand and supply.

It is fixed by the monetary authorities regardless of demand and supply conditions in the market.

the opposite of the pegged rate wherein the rate of exchange is determined by the interplay of demand and supply condition at the foreign exchange market.

this is known as the dirty float. The monetary authorities allow the rate to fluctuate in accordance with the demand and supply factors but the government intervenes in cases of extreme fluctuations through open market operations.

they are those who are engaged in the buying and selling of foreign exchange and who makes profit out of the difference between the buying and selling of foreign exchange. In includes institutions as well as individuals and brokers who act as middlemen in the foreign exchange market.

they are those earn foreign exchange and, who sell their money at the foreign exchange market in terms of domestic currency and sometimes in other foreign currencies.

they are those who are in need of foreign exchange such importers, Filipino tourists and students studying abroad.

the inter-bank foreign exchange center in the Philippines.

an electronic platform wherein the BAP-member banks participate in peso-dollar trading.

the designated clearing entity for peso-dollar transactions of commercial banks under the BAP.

It is a local clearing and electronic communications system operated by the BAP, the Philippine Clearing House Corporation (PCHC), Philippine Securities and Settlements Corp. (PSSC) and Citibank, Manila.

it provides the banking industry with a facility to move US dollar funds from one Philippine bank to another on the same day without having to go through correspondent banks in the US

it provides a facility for online inquiry and settlement of foreign exchange transactions, where the PDDTS participants enter interbank US dollar and Philippine peso transfer instruction in a single screen.

It is the lead organization of universal and commercial banks in the Philippines consisting of 45 member banks.

was appointed and designated by the Bangko Sentral as a processing agency and exclusive provider of nationwide Magnetic Ink Character Recognition (MICR)/Automated Clearing Facility.

It is the largest foreign commercial bank in terms of customers, assets, and revenues, providing Corporate Banking, Treasury, Transactional Banking, Consumer Banking, and Trust services, among others.

An overnight market that mainly assists commercial banks in meeting their immediate liquidity requirements by facilitating lending and borrowing among banks. These transactions are very short term in nature and reflect demand for and supply of liquidity in the market.

It is a dealing exchange for major banks in the Philippines. It is a key financial institution in the Philippines that operates as the primary exchange for the fixed-income market.

Serves as the central securities depository, custody, and registry for various types of securities.

It provides secure storage and maintenance of ownership records for securities, as well as settlement services.

It offers custody, clearing, and registry services for various financial instruments, ensuring secure transactions and accurate record-keeping.

It is the entity responsible for matching, clearing and settlement of transactions

It involves confirming trade details, reconciling trades between parties, and facilitating the transfer of securities and funds to ensure the successful completion of securities transactions in the Philippine market.

Are a range of banking and other services or facilities that use electronic equipment

it is the provision of banking services such as deposit taking, payments, mortgages and other financial services sold over the internet.

These are determined on the basis of supply and demand in the foreign exchange market.

the official service provider for the USD/PHP spot trading (which involve the purchase or sale of the US dollar for immediate delivery, i.e., within one day for US dollars)

the exclusive distributor of all PDEx data

It is conducted among member-banks of the BAP, and between these banks and the BSP.

was officially launched on March 30, 1992, as an electronic spot trading platform for US Dollar-Philippine Peso (USD/PHP) foreign exchange transactions

This platform marked a significant advancement in the country's financial infrastructure, providing a more efficient and transparent system for currency trading.

incorporated in July 1977, It is a private corporation co-owned by all commercial banks enlisted as members of the Bankers Association of the Philippines (BAP).

as a financial institution, likely participates in the Philippine Domestic Dollar Transfer System (PDDTS) as one of the major banks in the Philippines.

It is a government-owned bank that focuses on supporting agricultural development, providing financial services, and promoting rural development.

requiring users to provide 2 or more verification factors to access their accounts.

It is to protect data transmitted between users and the bank’s servers.

provide enhanced security against card fraud compared to traditional magnetic stripe cards.

customers can easily blocked these cards to prevent unauthorized used.

allowing customers to monitor account activity in real-time and detect unauthorized transactions.

security features like facial recognition login options.

the app uses secure encyption protocols to protect user data and transaction information.

ensuring only authorized users can access the accounts.

installed to prevent frauders form capturing card information.