The Bangko Sentral ng Pilipinas (BSP) and the Bureau of the Treasury (BTr) have introduced a fully automated intraday settlement facility (ISF) to enhance transaction efficiency for banks and address timing issues. The facility is integrated with the Peso Real-Time Gross Settlement (RTGS) system, known as PhilPaSS Plus, and the BTr’s National Registry of Scripless Securities (NRoSS). The automation of ISF aims to provide a safer, more efficient, and reliable fund transfer method, supporting financial stability by preventing delays caused by timing mismatches in settlement payments. It also facilitates quick fund access post-repo transactions, easing the execution of queued payment instructions for financial institutions.