(NAR) VOL. III NO. 3 / JULY - SEPTEMBER 1992
Section 6. "Tenders: Submission Through the Central Bank of the Philippines. — Tenders in response to any such public notice shall be received only at the Government Securities Department, Central Bank of the Philippines, and unless received on or before the time fixed for closing, shall be disregarded. Each tender shall be for an amount of not less than P5 million (maturity value)[*] for non-dealers and P10 million for dealers. In the case of com-petitive tenders, the price or prices offered by the bidder for the amount or amounts (at maturity value) applied for shall be stated and shall be expressed on the basis of 100, with not more than three decimals, e.g., 98-925. Fractions may not be used. Tenders shall be submitted on the printed form prescribed and forwarded duly sealed in a special envelope which shall be supplied upon application to the Government Securities Department, Central Bank of the Philippines. If a special envelope is not available, the inscription "Tenders for Treasury Bills" may be placed on the envelope used." (Emphasis supplied)Likewise, all concerned are further enjoined to observe strictly the following additional guidelines in the submission of tenders:
Section 8(a). "Tenders: Receipt and Processing of Tenders. — Tenders in the form prescribed under Section 6 above, shall be submitted to the Office of the Director, Government Securities Department, Central Bank of the Philippines, prior to the time of the deadline fixed under Section 5 above, for the receipt of tenders. Immediately upon receipt, the tenders shall be stamped with the time date clock and tenders received after the closing hour shall be unacceptable.
x x x " (Underscoring supplied)