Hello. Please, I need an idea on how I can make an INFORMERCIAL VIDEO. Can you please give me a detailed plan, if possible? This is all about the third pillar of the BSP. THANK YOU SO MUCH IN ADVANCE

Third Pillar: Efficient payments and settlements system Payment systems are essential to the effective functioning of financial systems worldwide. They provide the channels through which funds are transferred among banks and other institutions to discharge payment obligations arising from economic and financial transactions across the entire economy. An efficient, secure and reliable payment system reduces the cost of exchanging goods and services, and it is an essential tool for the effective implementation of monetary policy, and the smooth functioning of money and capital markets. It is this key role played by payment and settlement systems (PSS) in the smooth functioning of an economy in general and its financial and monetary system in particular that gives the central bank (CB) a strong incentive for ensuring that an effective, reliable and secure payment and settlement system is in place. In the Philippines, the BSP takes the lead in promoting an efficient payments and settlements system by providing the necessary infrastructure through the operations of the Philippine Real Time Gross Settlement System or the "PhilPass". SYSTEM FEATURES Instructions that cannot be settled due to PAYMENT QUEUING PRIORITIZATION insufficient funds are held on queue until funds are made available The system initiates a gridlock resolution GRIDLOCK RESOLUTION whenever 2 or more instructions remain unsettled TRANSACTION VALIDATION Payment instructions are subject to validation SYSTEM REPORT Participants may generate reports such as their SOAs. billings, & CWT AUDIT TRAIL The system maintains audit records TRANSACTION STATUS VALIDATION Participants are able to verify the settlement status of their transactions SYSTEM INQUIRIES Participants are able to send inquiries &/or requests through the systemRoles of the BSP in Payment and Settlement Systems The BSP performs the following role in the payments and settlements system: 1) Operator of the real time gross settlement system known as PhilPass The BSP, through its Payments and Settlements Office (PSO), serves as the payment system operator responsible for the operation and maintenance of PhilPass and its critical components. It ensures that the operation of PhilPASS is continuous, safe and efficient so that time-critical payments are completed as expected to facilitate and enhance economic processes, manage risks, and absorb shocks in order to promote financial stability. 2. Provider of credit facilities to banks as a lender of last resort As payment systems affect the daily demand for liquidity of banks/financial institutions and may therefore affect the level of money market interest rates, the BSP, as a lender of last resort, provides the following liquidity tools to PhilPaSS participants: 1. Intraday Liquidity Facility (ILF) - a fully collateralized facility established to maintain the smooth and efficient operation of the payments system in order to avoid interbank payments gridlock in the settlement process within PhilPaSS business hours. 2. Overdraft Credit Line (OCL) - another collateralized facility which aims to assist bank experiencing unexpected or higher than usual volume of inward check transactions. The governing policies and procedures are provided under BSP Circular 681 in order to provide additional liquidity for banks encountering liquidity problems due to check clearing losses as well as protect the BSP against settlement exposures. 3. Overseer of the payments and settlements system The BSP, through its Core Information Technology Sub-Group of the Supervision and Examination Sector conducts information technology (IT) supervision and examination of banks and non-bank financial institutions (FIs) and the payments systems. Its assessments of systems focus on determining the adequacy of IT management and operational controls over data integrity and confidentiality, and attendant risk exposures.4. User of its own RTGS system The BSP, through its different departments, also make use of the payments and settlements system for the settlement of its own transactions with its stakeholders, such as: 1. The automated collection and settlement of Supervision and Examination Sector annual supervisory fees; 2. Online processing of W proceeds and collection of banks' maturing loans with Department of Loans and Credit; 3. Processingtposting of banks' cash deposit and withdrawal transactions with Cash Department; 4. Investmenttmaturities of funds placed by the Provident Fund Ofce; and 5. Trading transactions as well as payments of maturing RRPISDA placements with Treasury Department 5) Initiate changestreforms for the payments system The BSP, through its Payments and Settlements Steering Committee {PSSUJI'M}1 initiate the conduct of studiesfresearch relating to payments system to ensure that it grows and matures in accordance with the global standards