LIABILITY MANAGEMENT SERVICE

Undertakes functions which interlink with revenue and expenditure operations of the government; renders assistance on matters involving policy formulation and rationalization of public borrowings, management of borrowed funds; participates in the programming, structuring and timing of borrowing proposals in close coordination with the Bangko Sentral ng Pilipinas and the Department of Budget and Management; renders assistance to government agencies, corporations and financial institutions on matters pertaining to loan proceeds; monitors data on availments, repayments and status of the public debt; maintains inventory of documents on various public sector external liabilities transferred to the National Government (NG).

Official	NANETTE C. DIAZ, DIR
Phone Number	527-70-90; 522-81-22 loc 208
E-mail Address

SECURITIES ORIGINATION DIVISION

Effects the placement of new issues of government securities through auction or through negotiated basis; conducts weekly auctions of Treasury Bills as well as special auctions of Treasury Bonds, Cash Management Bills and other government securities; handles Over-The-Counter transactions of government securities for TEIs, GOCCs and LGUs; responsible for the evaluation of Financial Institutions’ request to participate in the primary sale of government securities through auction; responsible for the evaluation of TEIs’ request to participate in the over-the-counter sale of government securities; immediately downloads the auction results to the Scripless Securities Registry Division; coordinates with GSEDs, BSP, LBP and SEC on various conventions and issues affecting the government securities.

Official	EDNALIZA B. BONA, CHIEF
Phone Number	522-81-22 loc 207
E-mail Address

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SCRIPLESS SECURITIES REGISTRY DIVISION

Reviews documents submitted by prospective RoSS participants; conducts briefings in RoSS operations among future RoSS members; assists in the updating of the BTr ruling on the conventions for RoSS; responsible for the registration of ownership and transfers or encumbrances of scripless/uncertificated Treasury Bills and Treasury Bonds; takes charge of the clearing and settlement of government securities trades in the secondary/tertiary markets (dealer to dealer and dealer to client); prepares the list of coupon payees and final owners of maturing government securities registered with RoSS for Payments Division to effect payment to rightful parties; prepares daily/end of the month Statement of Securities Account of all RoSS participants; issues certifications to SEC attesting to the earmarking of government securities purchased by corporations in compliance with corporation code; furnishes the Insurance Commission with statements of securities account of insurance companies; and maintains a complete repository of all scripless government securities account owners.

DEBT MONITORING AND ANALYSIS DIVISION

Participates in the preparation and implementation of programs, policies, and promulgation of rules and regulations pertaining to the effective management and servicing of National Government’s (NG) external, domestic, assumed and restructured debts; reviews, evaluates, analyzes, recommends and/or executes actions/measures concerning availments/disbursements and/or servicing of foreign or domestic debts, issuances, placement and/or investment of government securities; collaborates with other operating units of the Bureau, agencies and gov’t. corporations for the optimum use of borrowed funds through debt refinancing, swaps/conversions, cancellations and reallocations of loan categories, collection of guarantee fees, foreign exchange risk cover fees, sub-loans or advances of NG to GOCC/GFI and roll-over of government securities; generates various periodic reports/statements on external and domestic debt such as monthly Consolidated NG Debt Burden, monthly Detail of Growth, Annually or Quarterly Status of Public Debt, yearly and/or medium-term Debt Service Estimates and monthly actual debt service for submission to higher planning, fiscal, monetary authorities, the Congress and Commission on Audit for planning purposes, operational decisions and audit requirements; maintains records/files of government securities, individual loan agreement and other pertinent documents on public debt.

Official	IRENE A. JONSON
Phone Number	522-81-22 loc 206; 205
E-mail Address

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PAYMENTS DIVISION

Handles the servicing/redemption of government securities thru preparation of debit authority for the payment thereof; undertakes the backroom functions for the primary auction and over-the-counter transactions in line with the sale of government securities; transmits to Bangko Sentral ng Pilipinas, auction awards made for settlement; and provides statistics/reports on government securities re: maturity profile, outstanding balances, auction results and other reports and statements as requested by concerned GSEDs, GOCCs and TEIs. 

Prepares debt service projection of domestic loans of NG for inclusion in the budget documents and submission to higher fiscal, monetary and legislative authorities, 5-year debt service projection, details of debt service by month in line with the approved Budget Receipts and Expenditures, request for NG domestic, borrowing proposal for submission to the Secretary of Finance, Monetary Board and Office of the President for approval, Sinking Fund of various bonds and advise Receipts, Investment and Disbursement Division (RIDD) re: maturities/contributions and daily, monthly and annual debt service requirements/maturities, and prepares statistics/reports on debt service of domestic debts.

Official	ZENAIDA  M. ROXAS, Chief
Phone Number	522-81-22 loc 220; 213
E-mail Address