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CICS OM 18-021

Updated: Dec 10, 2020

April 16, 2018

T O : All Clearing Banks/Institutions

R E : UNIFORM INTERPRETATION OF DATE ON CHECKS

1. In connection with issues/concerns raised by Clearing Participants arising from the non- uniformity of their interpretations of the dates on Checks presented for clearing, there is a need to adopt a uniform rule of reading the dates, especially those indicated purely in numerals. Consequently, current account clients have to be advised by their respective banks on how the dates indicated on their checks are to be construed.


2. Corollarily, the Clearing Participants shall inform their clients that the issue date of Checks for clearing should be indicated/written in any of the following formats/styles:


Format Example


Fully written November 03, 2018

Abbreviated Month (First three letters) Nov. 3, 2018

Numeric style (with full year) 11032018

Numeric style (with last 2-digit year) 110318

Numeric with '/" partition (full year) 11/03/2018

Numeric with '/" partition (shortened year) 11/03/18

Numeric with '-' partition (full year) 11-03-2018

Numeric with '-' partition (shortened year) 11-03-18

Numeric with '.' partition (full year) 11.03.2018

Numeric with '.' partition (shortened year) 11.03.18


3. Pursuant to this standardization, a bank which will present a Check with issue date written entirely in numerals (without clear indication which numerals refer to the month of issue) is deemed to warrant to the Drawee Bank that the Check is neither "stale" nor "postdated."


4. To give ample time for banks to inform their respective clients/customers, the foregoing manner of writing dates will be effective July 1, 2018.


5. In the meantime and for advance information of all, there will be upcoming revisions in the Check Design Standards. This will be released soon for gradual/phase-in implementation of clearing participants. The revisions include the date line with the objective of enabling Check issuers observe a standard when writing dates.


6. We count on the full support of member banks on this uniform date-interpretation initiative.


CICS OM No.18-021
.Uniform Interpretation
UNIFORM INTERPRETATION • 555KB