January 20, 2023

Dear Valued Clients,

This is to inform you that May 2, 2023 is the cutover date for the implementation of the new Check Design Standards and Specifications, hence Old format checks will not be accepted.

New Check design shall include the following changes:

• Standard Month-Day-Year (MM-DD-YYYY) in FULL NUMERIC FORMAT, with the date format guide below the dateline and a box for each of the MM-DD-YYYY characters.
• The PESO (₱) sign is excluded (moved out) from the box where the Amount in figures will be written (Peso sign placed before the box)
• Boxed Signature/s Line

Starting May 1,2023, a Check on which the issue date is written in alphanumeric format will no longer be accepted except when-

1. It is among the Checks described under Section 2.2 of OM No.21-036 which are as follows:
1. Post-Dated Checks (PDC) accepted/stamped "Warehoused" by banks prior to May 2,2023;
2. PDC's without "Warehoused stamp but bearing or printed with" Unique Identification Code(UIC) that indicates receipt by banks (for warehousing) prior to February 11,2019 (date of issuance of CICS OM no. 19-030); or
3. Manager's Check/ Cashier's Check issued by the clearing banks bearing the Waiver Statement and features required prior to the issuance of CICS OM No. 19-030;
2. It is dated on or before April 30,2023 and presented to the Presenting Bank for deposit prior to the 180^th day from its issue date.

Please refer to the attached Sample of New Check Designand PCHC's Memo Circular No: 3735 and NO: 3738 for your information and guidelines.

For further concerns and inquiry you may contact Ms. Gracielle Dumalo(042457@megaicbc.com) or Ms. Alby Lapid(aglapid@megaicbc.com) thru 8115807-14 loc.109 or 264

Thank you!

Mega ICBC Manila Branch