Contact Person: Francisco Liboro - President
     Business Address: 3/F PCCI Corporate Centre
118 Alfaro Street, Salcedo Village
Makati City
     Tel. No.: (632) 893-3920, 893-3923 to 24, 893-4340 to 41
     Fax. No.: (632) 893-4340
     E-Mail Address:


The Association of Securities Analysts of the Philippines (ASAP) is the first and only organization of securities analysts in the country. The organization seeks to promote the interest of the general and investing public through its primary goal of encouraging and assisting in the development and advancement of securities analysts in the Philippines. Formed by some of the most prominent figures in the securities industry, ASAP was incorporated on 9 October 1996.



     Contact Person: Leonilo G. Coronel - Executive Director
     Business Address: 11/F Sagittarius Building
H.V. de la Costa Street
Salcedo Village, Makati City
     Tel. No.: (632) 810-3859
     Fax. No.: (632) 810-3860
     E-Mail Address:

On March 29,1949, the Bankers Association of the Philippines (BAP) was organized with the distinct purpose and objectives of furthering the interest of banks and enhancing their values to trade, commerce, industry, agriculture and the public. Its forerunners, the Association of Manila Banks formed to take up foreign exchange operations, and the Manila Clearing House organized to handle the clearing of checks, were both disbanded with the establishment of the Central Bank. Created with broader functions than its predecessors, the BAP works with some legal body or any Chamber of Commerce for consideration, formulation, amendment and alteration of any law or regulation relating to banks and banking. On August 24, 1964, the Association was formally incorporated into a corporate organization duly registered with the Securities and Exchange Commission.

As a non-stock, non-profit organization with the authorities, attributes and incidental powers conferred upon it as a corporation duly organized under the laws of the Philippines, the BAP provides a fundamental venue for member banks to raise and discuss the issues, which affect commercial banking operations in the country. But perhaps unique to the BAP is its mandate to act as the unifying voice of the commercial banking industry in an environment where business interest and backgrounds – both among domestic as well as foreign banks in particular – are very profoundly diverse.

Membership in the Association is limited to banking institutions duly licensed and operating as a commercial bank in the Philippines that subscribes to the purpose of the organization and agrees to comply with and be bound by the By-laws and other rules and regulations of the Association.



     Contact Person: Nestor S. Aguila - President
     Business Address: 2nd floor, PSE OFFICE
Philippine Stock Exchange Plaza
Ayala Triangle, Ayala Avenue, Makati City
     Tel. No.: (632) 891 9023
     Fax. No.: (632) 891 9014(telefax)


The Philippine Association of Securities Brokers and Dealers, Inc. (PASBDI) is the national representative of the securities industry. Our mandate includes all licensed stockbrokers and investment houses, as well as independent securities brokers and dealers in the Philippines. Our Membership includes more than 170 investment dealers who play an essential role in the Philippine economy by raising capital for governments and businesses and by helping individual institutions invest with confidence in open and fair capital markets.

The association does advocacy work on behalf of the securities industry. To protect its stakeholders interest on the dynamic market environment and to ensure that their perspectives are taken into account when formulating national policies and rules governing industry practices and standards.

From the unique viewpoint of regulatory responsibility and experience, we are able to bring forward constructive recommendations to governments on a wide range of public policy issues that influence the broader public good.

The Board of Governors is composed of eleven (11) members of which seven (7) are representatives of the PSE, two (2) from the Investment House Association of the Philippines (IHAP), and one (1) from the Association of Independent Brokers and Dealers, Inc. (AIBD) leads the Association. And one (1) Independent Director.



     Contact Person: Jenny Serafica - Chairperson
     Business Address: Fidelity Stock Transfer, Inc.
Suite 3A, Vernida I Condominium
120 Amorsolo Street, Legaspi Village
Makati City
     Tel. No.: (632) 813-2977, 818-2370
     Fax No.: (632) 818-1038
     E-Mail Address:


On 18 April 1978, the Philippine Association of Stock Transfer and Registry Agencies, Inc. (PASTRA) was organized and registered with the SEC. PASTRA was formed for the following purposes:

  • Join together its member in the spirit of unity, cooperation and comradeship;
  • Promote efficiency and improvement in stock transfer services to an ideal and professional level;
  • Create a body through which the members can collectively assist, petition and cooperate with regulatory agencies such as the SEC and the PSE;
  • Safeguard and promote the interests of its members, their client-companies and the investing public; and
  • Promote self-discipline among its members.


Members of PASTRA are persons, natural or judicial, through its officers or agents, engaged primarily in the stock transfer services and registry functions. A member could either be a commercial bank, an accounting firm, or an independent company operating solely as a transfer agent. At present, it has 21 members.



     Contact Person: Sergio R. Ortiz-Luis, Jr. - President
     Business Address: 14th Floor Multinational Bancorporation Center
6805 Ayala Avenue, Makati City
     Tel. No.: (632) 844-5713, 843-3158
     Fax No.: (632) 843-4102, 843-4003, 844-3305


The Philippine Chamber of Commerce and Industry (PCCI) is a non-stock, non-profit and non-government organization of small, medium, and large enterprises, local chambers, and industry associations representing various sectors of business.

The roots of the chamber movement can be traced as early as the 1890s with the formation of the Camara de Comercio de Filipinas. This was followed with the creation of the Chamber of Commerce of the Philippines (CCP) in 1903. The rise of industries in the 1950s prompted several industry groups to create an association which would be representative of their interests and thus, the Philippine Chamber of Industry (PCI) was formed. In July 1978, the Chamber of Commerce of the Philippines (CCP) and the Philippine Chamber of Industry (PCI) merged to become the Philippine Chamber of Commerce and Industry. That same year, by virtue of Letter of Instruction No. 780, then President Ferdinand E. Marcos recognized the PCCI as the sole official representative and voice of the entire private business community.

Today, the PCCI remains faithful to this task as it was during the merger. True to its mandate as the single voice of Philippine business, PCCI continues to promote the interest of the business community through government representation and advocacy work while providing business and trade services. It is not only recognized as the representative of the Philippine private sector locally but it is also viewed as such internationally.


On March 31, 1995, the Philippine Central Depository, Inc. (PCD) was established. On November 1996, PCD received its license to operate as a central securities depository (CSD). Live operations commenced on January 10, 1997 with the initial lodgment of Jollibee Foods Corporation shares. Thus the onset of scripless trading in the Philippines.

PCD joins over 90 other CSDs worldwide in serving the investment community by increasing efficiencies in securities market operations and lowering the risks of investment.

Regulated by the Securities and Exchange Commission (SEC), PCD is a private company owned by major capital market players in the Philippines, namely: The Philippine Stock Exchange, Inc. (31.72%), Bankers Association of the Philippines (31.72%), Financial Executives Institute of the Philippines (10%), Development Bank of the Philippines (10%), Investment House Association of the Philippines (6.56%), Social Security System (5%), and Citibank N.A. (5%).

PCD participants include PSE-trading participants, custodian banks, government and corporate financial institutions, insurance companies, commercial banks, and other institutional investors.

PCD uses the book-entry system (BES) to record ownership of shares of securities and to facilitate the movement of shares among its participants.

Participants deposit eligible securities in PCD through a process called lodgment, where legal title to the securities is transferred and held in trust by PCD Nominee Corporation (PCNC). As a wholly owned subsidiary of PCD, PCNC’s sole purpose is to hold legal title to immobilized shares lodged in the system.

Aside from lodgment, other services offered by PCD include uplift (withdrawal of shares from the BES), book-entry settlement for exchange and non-exchange trades, electronic pledge, nominee service for distribution of information and benefit entitlements to its participants, and bureau services for PMBA (PCD-Managed BES Account of indirect participants) and for the use of computer facilities of the PCD as back up.

PCD also provides registry and clearing & settlement infrastructure services to issuers of fixed income securities such as bonds, commercial papers, negotiable certificates of deposits, and other negotiable instruments.

With the creation of scripless trading environment, participants and market players can now reap the benefits of BES which include minimized paperwork, reduced investment risks, increased investors confidence and enhanced liquidity of the equities market.



     Contact Person: Harry Liu - President
     Business Address: 4/F Philippine Stock Exchange Centre
Exchange Road, Ortigas Center
Pasig City
     Tel. No.: (632) 636-6042, 636-0122 to 41 local 503
     Fax. No.: (632) 633-5675


On 10 November 1995, the Philippine Stock Exchange Foundation, Inc. (PSEFI) was incorporated as a private non-stock, non-profit, qualified donee institution whose main thrusts include the following:


The PSEFI is a member of the League of Corporate Foundation and the Philippine Business for Social Progress.




     Contact Person: Raul G. Ortiz - Officer-in-Charge
     Business Address: 2/F Philippine Stock Exchange
Tower One and Exchange Plaza
Ayala Triangle, Ayala Avenue
Makati City
     Tel. No.: (632) 848-6624
     Fax. No.: (632)848-6612
     E-Mail Address:


The Securities Clearing Corporation of the Philippines (SCCP) is a private institution organized primarily as a clearance and settlement agency for depository eligible trades executed in the PSE. SCCP received its permanent license to operate on January 17, 2002. It is responsible for establishing the liabilities between trading participants of the Exchange; synchronizing the settlement of funds and the transfer of securities; guaranteeing the settlement of trades in the event of trading participant default and administering the appropriate risk management functions in order to ensure settlement. SCCP assumes the role of guarantor for trading participant transactions in the Exchange along with the maintenance and administration of a trade guaranty fund called the Clearing and Trade Guarantee Fund.

The Philippine Stock Exchange has 51% holdings in the SCCP while the remaining 49% is held by Philippine commercial banks.




     Contact Person: Atty. Arlene T. Gonzales - Executive Director
     Business Address: Unit 908, Securities & Exchange Commission Building
Edsa, Mandaluyong City
     Tel. No.: (632) 724-0355, (632) 724-0384
     Fax. No.: (632) 727-7178


The Securities Investors Protection Fund, Inc. (SIPF), a non-stock, nonprofit corporation, was organized for the main purpose of creating, maintaining and administering a fund for the interest and promotion of the securities industry, and for aiding and protecting investors and securities and members of the Fund.

It has a Board of Trustees composed of five (5) representatives from the PSE and two (2) representatives from the Public Sector, one of which shall be elected as Chairman.

The SIPF was created to protect investors against losses in the case of failure, insolvency, or frauds of a member-broker or dealer; effect an orderly distribution of the property & assests of the insolvent; and carry out measures that would promote a vigorous & effective market for securities.



     Contact Person: Robert M. Sears - Executive Director
     Business Address: 2/F Corinthian Plaza Building
Paseo de Roxas Avenue
Legaspi Village, Makati City 1229
     Tel. No.: (632) 818-7911 to 13
     Fax. No.: (632) 811-3184, 811-3081
     E-Mail Address:



The American Chamber of Commerce of the Philippines, Inc., (AmCham) is a private independent, and non-profit association founded in Manila in 1902, incorporated on 3 July 1920, and organized under the Philippine laws.

AmCham is affiliated with the Chamber of Commerce of the United States (COCUSA) and the Asia Pacific Council of American Chambers (APCAC). It also maintains close liaison with other foreign chambers in Manila and Philippine business groups. It networks in the US with the Philippine-American Chamber of Commerce in New York, US-RP Business Committee, Asia Society, and the US-ASEAN Business Council.