Doesn't apply to you and me Stuart, as we can get ours at the airport. Takes 5 minutes max.
The ECC is for those who have stayed in the Philippines for over 6 months on a tourist visa. It usually takes a day or two depending on which immigration office you use. Pain in the back side, especially if you live far away from any immigration offices. There again how many countries would allow you to stay for 3 years without showing any evidence of funds.