On the Primary Market, placed bonds orders are not final and do not guarantee that you will secure your bonds. These orders will be accumulated and utilized by bonds.ph, Inc. acting as a broker for the treasury bonds, when participating in the relevant auction processes with the Bureau of the Treasury, alongside other market participants. The orders can be either fully awarded, partially awarded, or rejected based on the Bureau of the Treasury's assessment. During the bidding process, the awarding of bond orders is entirely subject to the Bureau of the Treasury's discretion.