Scribd
Upload
322 views2 pages

Outline - Clearing House

This document outlines the rules and regulations of the Philippine Clearing House Corporation (PCHC) for clearing negotiable instruments. It discusses 28 sections covering clearing house rules, participant responsibilities, clearing procedures, penalties for discrepancies and returned items, and settlement. It also outlines 15 sections of arbitration rules of procedure for filing complaints, answers, replacing arbitrators, examinations, rendering judgments, and appeals processes related to PCHC accounts and clearing activities. The document provides an in-depth outline of the governance, operations, and dispute resolution processes for negotiable instrument clearing through the PCHC.

Uploaded by

Ailene AC
Copyright
© Attribution Non-Commercial (BY-NC)
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOC, PDF, TXT or read online on Scribd
322 views2 pages

Outline - Clearing House

This document outlines the rules and regulations of the Philippine Clearing House Corporation (PCHC) for clearing negotiable instruments. It discusses 28 sections covering clearing house rules, participant responsibilities, clearing procedures, penalties for discrepancies and returned items, and settlement. It also outlines 15 sections of arbitration rules of procedure for filing complaints, answers, replacing arbitrators, examinations, rendering judgments, and appeals processes related to PCHC accounts and clearing activities. The document provides an in-depth outline of the governance, operations, and dispute resolution processes for negotiable instrument clearing through the PCHC.

Uploaded by

Ailene AC
Copyright
© Attribution Non-Commercial (BY-NC)
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOC, PDF, TXT or read online on Scribd

Homework # 2 AILENE A.

Negotiable Instruments

ABASOLO, 11/16/2011

PHILIPPINE CLEARING HOUSE CORPORATION GUIDELINES

OUTLINE
Part I. Clearing House Rules and Regulation Exchange (Sections 1 to 28) Section 1. Section 2. Section 3. Section 4. Section 5. Section 6. Purpose Objectives of MICR Clearing Agreement of These Rules Participants 4.1 Classes of Participants 4.2 Voting Rights Withdrawal of Participation Suspension / Exclusion 6.1 Infraction of Clearing Rules and Non-payment of Fees 6.2 Strike or Force Majeure 6.3 Provisions of Bangko Central Directive Clearing Representatives Clearing Days Emergencies Frequency and Time of Deliveries Bank Routing Symbol Transit Number (BRSTN) Trustee Responsibility Bank Records of Clearing Items Photocopy of Clearing Items Retention of Records by PCHC Items Eligible for PCHC Processing Bank Guarantee PCHC Handling Identification Regular Clearing Item Procedure Regular Return Item Procedure Special Return Items Beyond the Reglementary Clearing Period Special Clearing of Checks Limitation for Presentation of Clearing Items Procedure for Discrepancies on Banks Outward Items Procedures and Penalties on Clearing Discrepancies 25.1 General Procedures 25.2 Over-Encoding of Amount 25.3 Under-Encoding of Amount 25.4 Miscleared Regular Items 25.5 Misdirected Returned Items Loss of Clearing Items Penalty Charges on Returned Items

Section 7. Section 8. Section 9. Section 10. Section 11. Section 12. Section 13. Section 14. Section 15. Section 16. Section 17. Section 18. Section 19. Section 20. Section 21. Section 22. Section 23. Section 24. Section 25.

Section 26. Section 27.

Section 28.

Penalty on Rejected Items

Settlement (Sections 29 to 33) Section 29. Section 30. Section 31. Section 32. Section 33. Settlement of Clearing Discrepancies and Collection of Penalties Assessment of Clearing Charges Examination of Participant Profile Assessment of Clearing Charges Uniform Charge Policy Part II. Arbitration Rules of Procedure (Sections 1 to 15) Section 1. Section 2. Section 3. Section 4. Section 5. Section 6. Section 7. Section 8. Section 9. Section 10. Section 11. Section 12. Section 13. Section 14. Section 15. Filing of Complaint to Arbitration Committee Schedule of Filing Fee Filing of Answers to Complaint Replacement of Arbitrators Submission of Affidavits and Counter Affidavits Resolution if No Amicable Settlement Cross Examination during Hearings Default in Non-appearance in Conference Rendering of Judgment or Summary Judgment Submission of Resolution of the Arbitration Committee Filing for Motion for Reconsideration or for New Trial Execution of Decision of Arbitration Committee Filing of Appeal at the Regional Trial Court Effect of Appeal on status of clearing Account Scope of Arbitration Law

You might also like