The Bangko Sentral ng Pilipinas (BSP) and the Bureau of the Treasury (BTr) signed a memorandum of understanding (MOU) on July 24, 2025 to strengthen systems for government securities trading and large-value fund transfers.
The agreement focuses on enhancing the Philippine Peso Real-Time Gross Settlement (RTGS) System and the National Registry of Scripless Securities (NRoSS), along with related systems like the Delivery versus Payment (DvP) mechanism and the Intraday Settlement Facility.
The BTr’s NRoSS manages the electronic issuance, registration and settlement of government securities, while the BSP’s Peso RTGS system, PhilPaSSPlus, handles large-value payments, including government securities trades.
The MOU aims to improve the security, efficiency, and resilience of these critical infrastructures to better support the government securities market.
BSP Governor Eli Remolona, Jr. said the collaboration would focus on managing systemic risk, potentially through a prepositioned collateral agreement and deepening capital markets.
“It’s to tell us that we have work to do, and we have to work together to do that work,” he said.
Remolona and Treasurer of the Philippines Sharon Almanza signed the MOU. BSP Deputy Governor Mamerto Tangonan and BTr officer-in-charge deputy treasurer Ma. Nanette Diaz witnessed the signing.
The ceremony was attended by members of the BSP Monetary Board and senior officials from both institutions, signaling strong support for advancing the country’s financial infrastructure.
 and the Bureau of the Treasury (BTr) have signed an MOU to enhance government securities trading and large-value fund transfer systems in the Philippines){kind=link}