The Securities Clearing Corporation of the Philippines (SCCP) is a wholly-owned subsidiary of The Philippine Stock Exchange, Inc. (PSE) and is under the regulatory supervision of the Securities and Exchange Commission (SEC). It was incorporated on January 23, 1996 to operate as a central securities clearing institution in the Philippines and thereby manage and support the clearance of trades in securities listed and executed on the PSE or other official securities market in the Philippines. It acts as a Central Counterparty to trades executed at the PSE.

SCCP started its commercial operations on January 3, 2000 and was granted its permanent license to operate on January 17, 2002. SCCP is authorized by the SEC to impose fines and penalties and other sanctions as approved by the SCCP Board of Directors to ensure compliance of its Clearing Members.

To deliver high quality systems for the settlement of eligible trades on a Delivery versus Payment (DVP) basis, ensuring the finality and irrevocability of these trades; and

To administer appropriate risk management functions to prevent any untoward event that may affect the settlement process.