The country’s first Electronic Securities Issue Portal (e-SIP) that would allow the online registration and processing of documents in the primary market will clear the way to the streamlining and digitalization of transaction flows in the country’s capital markets.

In a statement on Monday, the Finance department, citing Philippine Dealing System Holdings Corp.’s (PDS Group) report to DoF Secretary and Capital Market Development Council (CMDC) Chairman Carlos Dominguez 3rd, said that Ayala Land Inc. (ALI) was e-SIP’s pilot user with its offer of a four-year P10-billion bond last April 21.