To make fixed-income securities issued by the Philippine government more accessible to the Filipino people and the public, PDAX Securities makes available certain trading pairs on the PDAX Platform.
These Allowed Trading Pairs allow users to access fixed-income government securities by using select assets and/or foreign currencies, providing greater flexibility and a smoother investment experience for PDAX users.
An Allowed Trading Pair is used to submit orders to buy or to sell PDAX Bonds Tokens involving securities that require Fiat Currency holdings other than Philippine Pesos to be purchased or sold.
Currently, the following Allowed Trading Pairs may be used to purchase or sell Retail Dollar Bonds (RDBs) issued by the Philippine government:
PDAX Bonds: RDB/USD*
GBonds: RDB/PHP
PDAX Bonds
Purchases or subscriptions to a government RDB may be made throughon PDAX Bonds using the RDB/USD* trading pair. For more information on how to get USD*, you may access the FX* Product Disclosure page.
Once you have USD*, you may proceed to purchase government RDBs through the RDB/USD* trading pair. For a quick step-by-step guide on how to complete your purchase, please visit our RDB/USD* FAQ page.
When you submit a Buy Order using the RDB/USD* trading pair, PDAX will convert your USD* to USD to be used by PDAX Securities, your securities broker, to execute your order and purchase the government RDB.
Once you hold an RDB, your maturity proceeds and coupon payments will be received by PDAX Securities in USD and automatically converted into USD* by PDAX at the prevailing conversion rate. To learn more about the conversion rate, please see the FX* Product Disclosure page .
When you submit a Sell Order for your RDB using the RDB/USD* trading pair, PDAX Securities will sell your RDB for USD. The USD sale proceeds will be converted by PDAX and credited to your account as USD*. You may convert your USD* to PHP or cash it out as USD to your dollar bank account.
GBonds
Purchases or subscriptions to a government retail dollar bond may be made through GBonds through the RDB/PHP trading pair.
When you submit a Buy Order using the RDB/PHP trading pair, PDAX will convert your PHP to USD* and subsequently convert such USD* to USD, to be used by PDAX Securities, your securities broker, to execute your order and purchase the government RDB.
Once you hold an RDB, your maturity proceeds and coupon payments will be received by PDAX Securities in USD. The USD will then be given to PDAX to be converted into USD* and finally into PHP.
When you submit a Sell Order for your RDB using the RDB/PHP trading pair, PDAX Securities will sell your RDB for USD, and the USD sale proceeds will be converted by PDAX into USD* and finally into PHP and credited to your account.
If you have any questions or need further assistance, you may file a support ticket here or you can send us an email at support@pdax.ph.
Disclaimer:The contents herein are provided for general informational purposes only and should not be considered as definitive legal, business or tax advice. Trading with any financial product or digital asset (including cryptocurrency) is subject to the user’s risk and own discretion and must be done after adequate and in-depth research and analysis. Prospective purchasers or sellers of financial products should consult their own counsel, accountants or other advisors as to legal, tax, business, financial and related aspects of the purchase of such financial product, among others. PHILIPPINE DIGITAL ASSET EXCHANGE (PDAX), INC. does not guarantee the performance, and the technical and financial integrity, of the digital assets and their ecosystems, and, to the extent allowed by law, shall not be responsible for any loss sustained by the customer. External links are provided for convenience and for informational purposes. They are not statements of PDAX and PDAX bears no responsibility for the accuracy, legality or content of said links. For inquiries or concerns, please contact us through the following channels: Webchat:or https://web.pdax.ph/ (click webchat feature); ‘Customer Support’ webpage at https://support.pdax.ph; Email: support@pdax.ph. Please provide us your name, email address, and any other information that we may need to identify you, your PDAX Account, and the particulars of the Order and/or Transaction on which you have feedback, questions, or complaints. If you already have a registered PDAX account, please provide us your registered name. PHILIPPINE DIGITAL ASSET EXCHANGE (PDAX), INC. is supervised by the Bangko Sentral ng Pilipinas (BSP) https://www.bsp.gov.ph. You may get in touch with the BSP Consumer Protection and Market Conduct Office through the following channels: Email: consumeraffairs@bsp.gov.ph; Webchat: https://www.bsp.gov.ph (click webchat feature); Facebook:https://www.facebook.com/BangkoSentralngPilipinas; Direct Line: (02) 5306 2584 / (02) 8708 7087; Trunk Line: (02) 8708 7701 loc. 2584; or SMS: 21582277 (for Globe subscribers only). For further details, you may refer to BSP's Inclusive Finance - Consumer Protection.