Price Stability - Term Deposit Auction Facility

Auction Schedule

Indicative Auction Calendar for the Term Deposit Facility for Q2 2024

Release date of schedule: 20 March 2024

Indicative Auction Calendar for the Term Deposit Facility for April 2024

Update date: 22 April 2024

Auction Date	Tenor	Volume of Offering¹ (in billion pesos)
03 Apr	7-day 14-day	180.0 ^/f 140.0 ^/f
	Total	320.0^/f
11 Apr*	7-day 14-day	200.0 ^/f 150.0 ^/f
	Total	350.0^/f
17 Apr	7-day 15-day**	160.0 ^/f 120.0 ^/f
	Total	^{280.0^/f}
24 Apr	8-day** 14-day	90.0 ^/f 100.0 ^/f
	Total	190.0^/f

​​Notes:

​​1 Beginning with the month of February 2024, the BSP will post monthly indicative volumes for the Term Deposit Facility. The final offer volumes for each weekly auction will continue to be posted two business days before the auction date. 
/i Indicative offer volume as of 27 March 2024 and may be subject to change closer to the auction date

/f Final offer volume on specified auction date 
* The TDF auction was moved to 11 April 2024 because of the regular holiday on 10 April 2024 (Feast of Ramadan).

** Settlement date was moved to Thursday, 02 May 2024, in view of the 01 May 2024 holiday (Labor Day).

Indicative Auction Calendar for the Term Deposit Facility for May 2024

Update date: 20 March 2024

Auction Date	Tenor	Volume of Offering (in billion pesos)
02 May*	6-day 13-day
	Total
08 May	7-day 14-day
	Total
15 May	7-day 14-day
	Total
22 May	7-day 14-day
	Total
29 May	7-day 15-day***
	Total

​​Notes:
* The TDF auction was moved to 02 May 2024 because of the regular holiday on 01 May 2024 (Labor Day).

** Tenor was adjusted in view of 01 May 2024 holiday (Labor Day)

*** Settlement date was moved to Thursday, 13 June 2024, in view of the 12 June 2024 holiday (Independence Day).

Indicative Auction Calendar for the Term Deposit Facility for June 2024

Update date: 20 March 2024

Auction Date	Tenor	Volume of Offering (in billion pesos)
05 Jun	8-day** 14-day
	Total
13 Jun*	6-day 13-day
	Total
19 Jun	7-day 14-day
	Total
26 Jun	7-day 14-day
	Total

​​Notes:
* The TDF auction was moved to 13 June 2024 because of the regular holiday on 12 June 2024 (Independence Day).

** Tenor was adjusted in view of 13 June 2024 holiday (Independence Day)

Indicative Auction Calendar for the Term Deposit Facility for Q1 2024

Release date of schedule: 20 December 2023

Indicative Auction Calendar for the Term Deposit Facility for January 2024

Update date: 29 January 2024

Auction Date	Tenor	Volume of Offering (in billion pesos)
03 Jan	7-day 14-day	160.0 140.0
	Total	300.0
10 Jan	7-day 14-day	185.0 175.0
	Total	360.0
17 Jan	7-day 14-day	185.0 175.0
	Total	^360.0
24 Jan	7-day 14-day	180.0 160.0
	Total	^340.0
31 Jan	7-day 14-day	160.0 150.0
	Total	310.0

Indicative Auction Calendar for the Term Deposit Facility for February 2024

Update date: 18 March 2024

Auction Date	Tenor	Volume of Offering¹ (in billion pesos)
07 Feb	7-day 14-day	160.0 ^/f 150.0 ^/f
	Total	310.0^/f
14 Feb	7-day 14-day	180.0 ^/f 130.0 ^/f
	Total	310.0^/f
21 Feb	7-day 14-day	180.0 ^/f 130.0 ^/f
	Total	310.0^/f
28 Feb	7-day 14-day	120.0 ^/f 90.0 ^/f
	Total	210.0^/f

​​Notes:
1 Beginning with the month of February 2024, the BSP will post monthly indicative volumes for the Term Deposit Facility. The final offer volumes for each weekly auction will continue to be posted two business days before the auction date. 


​​/i Indicative offer volume as of 29 February 2024 and may be subject to change closer to the auction date 
/f Final offer volume on specified auction date

Indicative Auction Calendar for the Term Deposit Facility for March 2024

Update date: 25 March 2024

Auction Date	Tenor	Volume of Offering¹ (in billion pesos)
06 Mar	7-day 14-day	150.0 ^/f 120.0 ^/f
	Total	270.0^/f
13 Mar	7-day 14-day	200.0 ^/f 200.0 ^/f
	Total	400.0^/f
20 Mar	7-day 14-day	170.0 ^/f 140.0 ^/f
	Total	310.0^/f
27 Mar	7-day 14-day	150.0 ^/f 100.0 ^/f
	Total	250.0^/f

​​Notes:
1 Beginning with the month of February 2024, the BSP will post monthly indicative volumes for the Term Deposit Facility. The final offer volumes for each weekly auction will continue to be posted two business days before the auction date. 

​​/i Indicative offer volume as of 29 February 2024 and may be subject to change closer to the auction date 

/f Final offer volume on specified auction date

Indicative Auction Calendar for the Term Deposit Facility for Q4 2023

Release date of schedule: 20 September 2023
Update date: 22 December 2023

Auction Date	Tenor	Volume of Offering (in billion pesos)
04 Oct	7-day 14-day	210.0 170.0
	Total	380.0
11 Oct	7-day 14-day	220.0 180.0
	Total	400.0
18 Oct	7-day 14-day	220.0 160.0
	Total	380.0
25 Oct	7-day 14-day	220.0 160.0
	Total	380.0
03 Nov*	7-day 14-day	190.0 120.0
	Total	310.0
08 Nov	7-day 14-day	230.0 170.0
	Total	400.0
15 Nov	7-day 14-day	200.0 130.0
	Total	330.0
22 Nov	7-day 14-day	200.0 130.0
	Total	330.0
29 Nov	7-day 14-day	180.0 120.0
	Total	300.0
06 Dec	7-day 14-day	160.0 130.0
	Total	290.0
13 Dec	7-day 14-day	140.0 130.0
	Total	270.0
20 Dec	7-day 14-day	120.0 110.0
	Total	230.0
27 Dec	7-day 14-day	120.0 110.0
	Total	230.0

 
Note(s): 

*The TDF Auction for 1 November 2023 was moved to Friday, 3 November 2023 following the declaration of a special non-working Holiday on 1 November 2023 (All Saints' Day).

The volume offering for the 7- and 14-day TDFs to be auctioned on Wednesday, 29 November 2023 will be posted on Friday, 24 November 2023 in light of the regular holiday on Monday, 27 November 2023 (Bonifacio Day).

The volume offering for the 7- and 14-day TDFs to be auctioned on Wednesday, 27 December 2023 will be posted on Friday, 22 December 2023 in light of the regular holiday on Monday, 25 December 2023 (Christmas Day).

Indicative Auction Calendar for the Term Deposit Facility for Q3 2023

Release date of schedule: 21 June 2023
Update date: 25 September 2023

Auction Date	Tenor	Volume of Offering (in billion pesos)
05 Jul	7-day 14-day	160.0 140.0
	Total	300.0
12 Jul	7-day 14-day	190.0 160.0
	Total	350.0
19 Jul	7-day 14-day	150.0 130.0
	Total	280.0
26 Jul	7-day 14-day	130.0 100.0
	Total	230.0
02 Aug	7-day 14-day	150.0 130.0
	Total	330.0
09 Aug	7-day 14-day	160.0 140.0
	Total	300.0
16 Aug	7-day 14-day	170.0 130.0
	Total	300.0
23 Aug	7-day 14-day	160.0 120.0
	Total	280.0
30 Aug	7-day 14-day	160.0 120.0
	Total	280.0
06 Sep	7-day 14-day	160.0 100.0
	Total	260.0
13 Sep	7-day 14-day	200.0 140.0
	Total	340.0
20 Sep	7-day 14-day	180.0 120.0
	Total	300.0
27 Sep	7-day 14-day	200.0 150.0
	Total	350.0

Indicative Auction Calendar for the Term Deposit Facility for Q2 2023

Release date of schedule: 22 March 2023
Update date: 26 June 2023

Auction Date	Tenor	Volume of Offering (in billion pesos)
05 April	7-day 14-day	130.0 100.0
	Total	230.0
12 April	7-day 14-day	170.0 130.0
	Total	300.0
19 April	7-day 14-day	170.0 130.0
	Total	300.0
26 April	7-day 14-day	170.0 130.0
	Total	300.0
03 May	7-day 14-day	190.0 140.0
	Total	330.0
10 May	7-day 14-day	160.0 100.0
	Total	260.0
17 May	7-day 14-day	140.0 90.0
	Total	260.0
24 May	7-day 14-day	110.0 80.0
	Total	190.0
31 May	7-day 14-day	120.0 100.0
	Total	220.0
07 June	7-day 14-day	120.0 100.0
	Total	220.0
14 June	7-day 14-day	130.0 110.0
	Total	240.0
21 June	7-day 14-day	120.0 110.0
	Total	230.0
28 June*	7-day 14-day	140.0 100.0
	Total	240.0

 
Note(s): 

*The TDF auction originally scheduled on 28 June 2023 will be moved to 29 June 2023 in view of Malacanang Palace’s declaration of June 28 as a regular holiday in observance of Eid’l Adha (Feast of Sacrifice)

The volume offering for the 7- and 14-day TDFs to be auctioned on 12 April 2023 will be posted on Wednesday, 5 April 2023 in light of the regular holiday on 7 April 2023 (Good Friday).

The volume offering for the 7- and 14-day TDFs to be auctioned on 3 May 2023 will be posted on Friday, 28 April 2023 in light of the regular holiday on 1 May 2023 (Labor Day).

The volume offering for the 7- and 14-day TDFs to be auctioned on 14 June 2023 will be posted on Friday, 9 June 2023 in light of the regular holiday on 12 June 2023 (Independence Day).

Indicative Auction Calendar for the Term Deposit Facility for Q1 2023

Release date of schedule: 21 December 2022
Update date: 27 March 2023

Auction Date	Tenor	Volume of Offering (in billion pesos)
04 Jan	7-day 14-day	230.0 160.0
	Total	390.0
11 Jan	7-day 14-day	220.0 170.0
	Total	390.0
18 Jan	7-day 14-day	190.0 160.0
	Total	350.0
25 Jan	7-day 14-day	180.0 140.0
	Total	320.0
01 Feb	7-day 14-day	150.0 120.0
	Total	270.0
08 Feb	7-day 14-day	140.0 120.0
	Total	260.0
15 Feb	7-day 14-day	190.0 140.0
	Total	330.0
22 Feb	7-day 14-day	150.0 130.0
	Total	280.0
01 Mar	7-day 14-day	160.0 140.0
	Total	300.0
08 Mar	7-day 14-day	200.0 140.0
	Total	340.0
15 Mar	7-day 14-day	220.0 120.0
	Total	340.0
22 Mar	7-day 14-day	180.0 100.0
	Total	280.0
29 Mar	7-day 14-day	140.0 100.0
	Total	240.0

 
Note(s): 

The volume offering for the 7- and 14-day TDFs to be auctioned on 4 January 2023 will be posted on Wednesday, 28 December 2022 in light of the additional special non-working day on 2 January 2023.

Indicative Auction Calendar for the Term Deposit Facility for Q4 2022

Release date of schedule: 21 September 2022
Update date: 27 December 2022

Auction Date	Tenor	Volume of Offering (in billion pesos)
05 Oct	7-day 14-day	200.0 140.0
	Total	340.0
12 Oct	7-day 14-day	170.0 140.0
	Total	310.0
19 Oct	7-day 14-day	150.0 130.0
	Total	280.0
26 Oct	7-day 14-day	170.0 110.0
	Total	280.0
02 Nov	7-day 14-day	220.0 160.0
	Total	380.0
09 Nov	7-day 14-day	240.0 140.0
	Total	380.0
16 Nov	7-day 13-day*	210.0 140.0
	Total	350.0
23 Nov	6-day* 14-day	200.0 160.0
	Total	360.0
29 Nov*	8-day* 15-day*	180.0 150.0
	Total	330.0
07 Dec	7-day 14-day	220.0 180.0
	Total	400.0
14 Dec	7-day 14-day	200.0 160.0
	Total	360.0
21 Dec	7-day 14-day	150.0 110.0
	Total	260.0
28 Dec	7-day 14-day	200.0 160.0
	Total	360.0

 
Note(s): 

*The 14-day TDF to be offered on 16 November and the 7-day TDF to be offered on 23 November were changed to a 13-day and 6-day TDF, respectively, in view of the declaration of 30 November as a regular holiday (Bonifacio Day). The TDF auction for the week of 28 November - 2 December will be held on 29 November due to the same regular holiday declaration. Offered tenors for the TDF auction for the week of 28 November - 2 December were also adjusted accordingly.

Indicative Auction Calendar for the Term Deposit Facility for Q3 2022

Release date of schedule: 22 June 2022
Update date: 26 September 2022

Auction Date	Tenor	Volume of Offering (in billion pesos)
06 Jul	7-day 14-day	150.0 150.0
	Total	300.0
13 Jul	7-day 14-day	160.0 170.0
	Total	330.0
20 Jul	7-day 14-day	160.0 170.0
	Total	330.0
27 Jul	7-day 14-day	150.0 160.0
	Total	310.0
03 Aug	7-day 14-day	170.0 160.0
	Total	330.0
10 Aug	7-day 14-day	180.0 170.0
	Total	350.0
17 Aug	7-day 14-day	170.0 120.0
	Total	290.0
24 Aug	7-day 14-day	120.0 80.0
	Total	200.0
31 Aug	7-day 14-day	140.0 100.0
	Total	240.0
07 Sep	7-day 14-day	120.0 80.0
	Total	200.0
14 Sep	7-day 14-day	140.0 100.0
	Total	240.0
21 Sep	7-day 14-day	140.0 80.0
	Total	220.0
28 Sep	7-day 14-day	170.0 110.0
	Total	280.0

Note(s):

Indicative Auction Calendar for the Term Deposit Facility for Q2 2022

Release date of schedule: 23 March 2022
Update date: 27 June 2022

Auction Date	Tenor	Volume of Offering (in billion pesos)
06 Apr	7-day 14-day	170.0 240.0
	Total	410.0
13 Apr	7-day 14-day	170.0 240.0
	Total	410.0
20 Apr	7-day 14-day	180.0 250.0
	Total	430.0
27 Apr	7-day 14-day	140.0 180.0
	Total	320.0
04 May	7-day 14-day	100.0 170.0
	Total	270.0
11 May	7-day 14-day	100.0 140.0
	Total	240.0
18 May	7-day 14-day	120.0 140.0
	Total	260.0
25 May	7-day 14-day	130.0 150.0
	Total	280.0
01 Jun	7-day 14-day	130.0 170.0
	Total	300.0
08 Jun	7-day 14-day	140.0 160.0
	Total	300.0
15 Jun	7-day 14-day	140.0 160.0
	Total	300.0
22 Jun	7-day 14-day	150.0 140.0
	Total	290.0
29 Jun	7-day 14-day	150.0 140.0
	Total	290.0

Note(s):

In the event that 9 May 2022 (Monday) would be declared a special non-working holiday in view of the observance of the national elections, the offer volume for the 11 May TDF Auction will be moved to 6 May 2022 (Friday).

Indicative Auction Calendar for the Term Deposit Facility for Q1 2022

Release date of schedule: 22 December 2021
Update date: 28 March 2022

Auction Date	Tenor	Volume of Offering (in billion pesos)
05 Jan	7-day 14-day	180.0 250.0
	Total	430.0
12 Jan	7-day 14-day	200.0 270.0
	Total	470.0
19 Jan	7-day 14-day	220.0 290.0
	Total	510.0
26 Jan	7-day 14-day	240.0 310.0
	Total	550.0
02 Feb	7-day 14-day	220.0 330.0
	Total	550.0
09 Feb	7-day 14-day	190.0 360.0
	Total	550.0
16 Feb	7-day 14-day	190.0 380.0
	Total	570.0
23 Feb	7-day 14-day	190.0 310.0
	Total	500.0
02 Mar	7-day 14-day	220.0 280.0
	Total	500.0
09 Mar	7-day 14-day	160.0 250.0
	Total	410.0
16 Mar	7-day 14-day	150.0 230.0
	Total	380.0
23 Mar	7-day 14-day	150.0 220.0
	Total	370.0
30 Mar	7-day 14-day	160.0 230.0
	Total	390.0

Note(s):

Indicative Auction Calendar for the Term Deposit Facility for Q4 2021

Release date: 22 September 2021
Update date: 27 December 2021

Auction Date	Tenor	Volume of Offering (in billion pesos)
06 Oct	7-day 14-day	150.0 360.0
	Total	510.0
13 Oct	7-day 14-day	150.0 300.0
	Total	450.0
20 Oct	7-day 14-day	150.0 310.0
	Total	460.0
27 Oct	7-day 14-day	160.0 320.0
	Total	480.0
03 Nov	7-day 14-day	170.0 330.0
	Total	500.0
10 Nov	7-day 14-day	180.0 340.0
	Total	520.0
17 Nov	7-day 14-day	170.0 330.0
	Total	500.0
24 Nov	7-day 15-day*	180.0 320.0
	Total	500.0
01 Dec	8-day* 14-day	180.0 300.0
	Total	480.0
09 Dec*	6-day 13-day	160.0 270.0
	Total	430.0
15 Dec	7-day 14-day	150.0 250.0
	Total	400.0
22 Dec	7-day 14-day	170.0 230.0
	Total	400.0
29 Dec	7-day 14-day	170.0 230.0
	Total	400.0

Note(s):

*The 14-day TDF offered on 24 November and the 7-day TDF offered on 01 December were changed to a 15-day and 8-day TDF, respectively, in view of the declaration of 8 December as a special non-working day. The TDF auction for the week of 6-10 December will be held on 9 December due to the same holiday declaration. Offered tenors for the TDF auction for the week of 6-10 December were also adjusted accordingly.

Indicative Auction Calendar for the Term Deposit Facility for Q3 2021

Release date: 23 June 2021
Update date: 27 September 2021

Auction Date	Tenor	Volume of Offering (in billion pesos)
07 Jul	7-day 14-day	150.0 390.0
	Total	540.0
14 Jul	7-day 14-day	160.0 390.0
	Total	550.0
21 Jul	7-day 14-day	160.0 400.0
	Total	560.0
28 Jul	7-day 14-day	170.0 400.0
	Total	570.0
04 Aug	7-day 14-day	160.0 400.0
	Total	560.0
11 Aug	7-day 14-day	150.0 400.0
	Total	550.0
18 Aug	7-day 14-day	150.0 400.0
	Total	550.0
25 Aug	7-day 14-day	150.0 400.0
	Total	550.0
01 Sep	7-day 14-day	150.0 420.0
	Total	570.0
08 Sep	7-day 14-day	160.0 400.0
	Total	560.0
15 Sep	7-day 14-day	150.0 360.0
	Total	510.0
22 Sep	7-day 14-day	160.0 360.0
	Total	520.0
29 Sep	7-day 14-day	170.0 360.0
	Total	530.0

Indicative Auction Calendar for the Term Deposit Facility for Q2 2021

Release date: 24 March 2021
Update date: 28 June 2021

Auction Date	Tenor	Volume of Offering (in billion pesos)
07 Apr	7-day 14-day	140.0 350.0
	Total	490.0
14 Apr	7-day 14-day	140.0 350.0
	Total	490.0
21 Apr	7-day 14-day	140.0 350.0
	Total	490.0
28 Apr	7-day 14-day	140.0 350.0
	Total	490.0
05 May	7-day 14-day	150.0 360.0
	Total	510.0
12 May	7-day 14-day	150.0 370.0
	Total	520.0
19 May	7-day 14-day	150.0 360.0
	Total	510.0
26 May	7-day 14-day	150.0 360.0
	Total	510.0
02 Jun	7-day 14-day	150.0 360.0
	Total	510.0
09 Jun	7-day 14-day	150.0 370.0
	Total	520.0
16 Jun	7-day 14-day	140.0 390.0
	Total	530.0
23 Jun	7-day 14-day	140.0 380.0
	Total	520.0
30 Jun	7-day 14-day	140.0 390.0
	Total	530.0

Indicative Auction Calendar for the Term Deposit Facility for Q1 2021

Release date: 23 December 2020
Updated: 29 March 2021

Auction Date	Tenor	Volume of Offering (in billion pesos)
06 Jan	7-day 14-day	190.0 340.0
	Total	530.0
13 Jan	7-day 14-day	200.0 350.0
	Total	550.0
20 Jan	7-day 14-day	210.0 360.0
	Total	570.0
27 Jan	7-day 14-day	230.0 380.0
	Total	610.0
03 Feb	7-day 14-day	240.0 390.0
	Total	630.0
10 Feb	7-day 14-day	210.0 420.0
	Total	630.0
17 Feb	7-day 14-day	200.0 400.0
	Total	600.0
24 Feb	7-day 14-day	200.0 400.0
	Total	600.0
03 Mar	7-day 14-day	200.0 400.0
	Total	600.0
10 Mar	7-day 14-day	190.0 350.0
	Total	540.0
17 Mar	7-day 14-day	140.0 340.0
	Total	480.0
24 Mar	7-day 14-day	140.0 340.0
	Total	480.0
31 Mar	7-day 14-day	140.0 340.0
	Total	480.0

Schedule of Term Deposit Auctions for 2021 |2020 | 2019 | 2018 | 2017 | 2016

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