BSP, COMELEC sign escrow agreement for 2022 national elections

Bangko Sentral ng Pilipinas Governor Benjamin E. Diokno (top, right) and Commission on Elections Chairman Sheriff M. Abas (top, left), sign the escrow agreement as witnessed by COMELEC Commissioner Marlon Casquejo, BSP Managing Director Rosabel Guerrero, and BSP Senior Assistant Governor and General Counsel Elmore Capule for the 2022 National and Local Polls.

The Bangko Sentral ng Pilipinas (BSP) and the Commission on Elections (COMELEC) signed an Escrow Agreement for the safekeeping of the Automated Election Systems (AES) source code for the National and Local Elections in May 2022.

Under Republic Act No. 9369 or “The Election Automation Law,” the COMELEC is mandated to deposit the AES source codes with the BSP for safekeeping to ensure free, orderly, honest, peaceful, credible, and informed elections.

“The BSP fully supports and looks forward to the conduct of the coming elections in a manner that demonstrates the highest standards of integrity, for the benefit of all Filipinos,” said Governor Diokno.

The source codes are kept in a vault within the BSP premises and secured by a series of metal locks and combination codes. Access to the vault is granted to three COMELEC authorized representatives who have been entrusted with the custody of the keys and/or vault combination to act jointly in withdrawing the escrow properties from the BSP, the Governor added.

The source codes for the 2010, 2013, 2016, and 2019 elections were also deposited in BSP’s vault.

To review the live virtual MOA signing, visit: