PSE raises ante for equities depository

MANILA, Philippines—The Philippine Stock Exchange plans to build up the authorized capital base of wholly owned clearinghouse subsidiary Securities Clearing Corp. of the Philippines (SCCP) to P500 million as the latter is set to take on additional responsibility as an equities depository. The boards of both PSE and SCCP recently approved the increase in [...]

Posted: February 25th, 2013 in Latest Business Stories | Read More »

SCCP gets license to operate as securities depository for PSE

By Doris C. Dumlao

The long-running plan of the Philippine Stock Exchange to set up its own equities depository system has taken shape as the wholly owned clearing house Securities Clearing Corp. of the Philippines (SCCP) bagged a provisional license to operate as a securities depository.

Posted: February 12th, 2013 in Latest Business Stories | Read More »

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