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OFFICE OF THE GOVERNORCIRCULAR NO. ___ Series of 2022Subject:Peso Real Time Gross Settlement Rules Monetary Board, in its Resolution No. ___ dated October 2021, approved the following rules governing
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Peso real time gross refers to the real-time gross settlement system used by the Central Bank of a country to settle interbank transactions instantly.
Financial institutions such as banks and credit unions are required to file peso real time gross.
Peso real time gross is typically filled out electronically through the Central Bank's designated online portal.
The purpose of peso real time gross is to ensure efficient and secure settlement of interbank transactions in real-time.
Information such as the transaction amount, sender's and receiver's account details, transaction timestamp, and purpose of the transaction must be reported on peso real time gross.
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