May 15, 2026 TO : All Clearing Banks/Institutions RE : PCHC BOARD OF DIRECTORS AND OFFICERS FOR 2026–2027 1. At the Regular Annual Stockholders’ Meeting of the Philippine Clearing House Corporation (PCHC) held on May 07, 2026, the following were unanimously elected DIRECTORS of the Corporation for the current term 2026– 2027: Name Bank/Institution Name 1. Joseph A. Gotuaco BAP/BDO Unibank, Inc. 2. Ricardo G. Peña Bank of the Philippine Islands 3. Reynaldo C. Burgos Philippine National Bank 4. Rhoneil S. Fajardo Deutsche Bank 5. Alan V. Bornas Land Bank of the Philippines 6. Ramon G. Duarte Unionbank of the Philippines 7. Emmanuel E. Barcena Philippine Clearing House Corporation (PCHC) 8. Maria Corazon S. Remo Independent Director 9. Dennis B. Velasquez Independent Director 10. Margarita B. Lopez Independent Director 11. Henry T. Pelaez Independent Director 2. At the Organizational Meeting held the same day, the following were elected OFFICERS of the Corporation for 2026–2027, viz: Joseph A. Gotuaco - Chairman Emmanuel E. Barcena - President and CEO Ramon G. Duarte - Treasurer Merlyn E. Dueñas - Corporate Secretary 3. For information and guidance.

April 15, 2026 TO : All Clearing Banks/Institutions RE : NEW CLEARING PARTICIPANTS/BRSTN REGISTER UPDATES 1. With reference to various request letters / notices received from the clearing participant banks, we enumerate hereunder the following updates to the PCHC clearing participant banks/BRSTN Register and Operating Parameter, viz: 1.1 New Clearing Participants BANK/BRANCH BRSTN ADDRESS PBCOM - Santiago 26011-002-8 Centro West Provincial Road, Santiago City BDO - Pampanga - Guagua Victory 06053-042-6 Ground Floor, Victory Mall Guagua, Gil Puyat St., Brgy. Mall Santo Niño, Guagua, Pampanga Asia United - Cabuyao 31102-007-0 G/F Aurora Complex Commercial Bldg., National Highway, Brgy. Hiugan, Cabuyao City, Laguna 4025 BDO NB - Marinduque - Mogpog 01118-017-1 Rizal St., Dulong Bayan, Mogpog, Marinduque BDO NB - Cebu - Bantayan 02118-019-0 G/F, Bantayan Hardware Bldg., J.P. Rizal St., Brgy. Ticad, Bantayan, Cebu BDO NB - Quezon - Dolores 14118-017-7 G/F, NTN Properties, Dolores - San Pablo Road, Corner Dolores - Tiaong Road, Brgy. Bulakin 2, Dolores, Quezon BDO NB - Oriental Mindoro - Baco 38118-010-2 National Highway, Poblacion, Baco, Oriental Mindoro 1st Valley - Sugbongcogon Branch - 10127-008-5 National Highway, Lagbas Building, Purok 1, Light Poblacion, Sugbongcogon, Mis. Or. BKPDB - Lobo 19160-018-6 P. Burgos Street, Brgy. Poblacion, Lobo, Batangas RBRZI - Cebu 02209-001-4 Ground Floor, One Mango Ave. Bldg., General Maxilom Avenue, Cogon Ramos, Cebu City RBRZI - Lapu - Lapu Branch Lite 02209-003-0 Unit G/F, JDY Bldg. M. Patalinghug Ave., Basak, Lapu - Lapu City, Cebu RBRZI - Ozamis 25209-001-7 Royal Garden Bldg. Zamora St., 50th District, Ozamis City RBRZI - Sindangan Branch Lite Unit 50209-004-2 A. Mabini Street, Poblacion, Sindangan, Zamboanga Del Norte 1.2. Relocation/Change in Branch Name and/or Address BRSTN BANK/BRANCH NAME FROM TO 01035-174-9 LBP – Greenhills Wilson San Juan City Unit C, Wilson Corporate Center, #225 Wilson Street, Greenhills, San Juan City 1.3 Deletion of the following branch/es BANK BRANCH NAME BRSTN WDB - Baguio 12120-001-9 2. Pursuant to CICS OM No. 17-004 dated 18 January 2017, the aforementioned updates will be implemented effective at 9:00 AM, April 16, 2026. 3. For your information and guidance.

April 30, 2026 TO : All Clearing Banks/Institutions RE : 1. NEW CLEARING PARTICIPANTS/BRSTN REGISTER UPDATES 2. ADVISORIES FROM GM BANK OF LUZON, INC. (A RURAL BANK) AND UCPB SAVINGS BANK 1. With reference to various request letters/notices received from the clearing participant banks, we enumerate hereunder the following updates to the PCHC clearing participant banks/BRSTN Register and Operating Parameter, viz: 1.1 New Clearing Participants BANK/BRANCH BRSTN ADDRESS BPI - Robinsons Magnolia 01004-557-6 LGF - LG026 Robinsons Magnolia Town Center, Aurora Blvd. cor. Dona Hemady and N. Domingo Streets, New Manila, Quezon City BPI - Adriatico 01004-558-9 G/F Robinsons Place Manila, Adriatico Street, Ermita, Manila City BPI - Greenhills Annapolis 01004-560-2 The Meridien Condominium, 29 Annapolis Street, Greenhills, San Juan City BPI - Bridgetowne - C5 01004-561-5 G/F Tera Tower, Ortigas Avenue Extension corner C5, Quezon City BPI - Maginhawa St. 01004-562-8 Stalls A & B 143 Maginhawa Street, Barangay Teachers Village, Quezon City BPI - Galleria Corporate Center 01004-563-1 G/F Galleria Corporate Center, EDSA corner Ortigas Avenue, Quezon City BPI - Robinsons Metro East 01004-565-7 L/G Robinsons Metro East, Marcos Highway, Barangay De la Paz, Pasig City BPI - BF Homes Elizalde 01004-567-3 180 J. Elizalde corner Concha Cruz Drive, BF Homes Executive Village, Paranaque City BPI - Domestic Road 01004-568-6 G/F Cebu Pacific Airline Operations Center Building, Domestic Road, Pasay City BPI - Legazpi Village 01004-575-4 G/F, Office 1, Man Tower Legazpi Building, 153 Legazpi Street, Legazpi Village, Makati City BPI - Cebu Nustar Kiosk 02004-051-6 Level 1, Casino Gaming Floor, NuStar Resort and Casino, South Road Properties, Cebu City, Cebu BPI - Robinsons Cybergate Cebu 02004-053-2 G/F Robinsons Cybergate, Don Gil Garcia corner J. Llorente Street, Capitol Site, Cebu City BPI - Cebu Nustar 02004-054-5 Upper Ground Unit UG03, The Mall at NuStar Resort and Casino, Kawit Island, South Road Properties, Cebu City, Cebu BPI - Robinsons Place Tagum 03004-039-9 Level 1 – Unit 167 Robinsons Place Tagum, National Highway, Brgy. Visayan Village, Tagum, Davao del Norte BPI - Negros La Carlota 04004-022-4 Yunque corner Valois Street, Barangay II, La Carlota City, Negros Occidental BPI - Robinsons Place Angeles 06004-036-9 Level 1 Robinsons Place Angeles, McArthur Highway, Balibago, Angeles City, Pampanga BPI - Robinsons Starmills 06004-037-2 Level I Robinsons Starmills, Candaba Gate, Olongapo-Gapan Pampanga Road, San Jose, San Fernando City, Pampanga BPI - Robinsons Place Naga 07004-008-7 Level 1 Unit 101 Robinsons Place Naga, Roxas Avenue corner Almeda Highway, Brgy. Triangulo, Naga City, Camarines Sur BPI - Robinsons Place Iloilo 08004-026-8 Unit 189-190, G/F Robinsons Place Iloilo, corner Mabini-Del Leon Streets, Iloilo City, Iloilo BPI - Robinsons Place Jaro Iloilo 08004-027-1 Level 1 – Unit G-17 B, Robinsons Place Jaro, E. Lopez Street, Brgy. San Vicente, Jaro, Iloilo BPI - Robinsons Place Pavia 08004-028-4 G/F Robinsons Place Pavia, Vice President Fernando Lopez Iloilo Ave., Pavia, Iloilo City BPI - Robinsons Place Malolos 13004-036-7 Level 1 – 01123 Robinsons Place Malolos, Mc Arthur Highway, Barangay Mabolo, Malolos, Bulacan BPI - Robinsons Place Iligan 18004-006-1 Level 1 L1 136 & 137 Robinsons Place Iligan, Barangay Tubod, Iligan City, Lanao Del Norte BPI - Negros Bayawan 20004-006-4 Shop 3, Bollos Street corner National Highway, Brgy. Poblacion, Bayawan City, Negros Oriental BPI - Robinsons Luisita Mall 22004-008-6 Unit 102 Robinsons Luisita, McArthur Highway, San Miguel, Tarlac City BPI - Robinsons Place 23004-005-0 G/F Robinsons Place Tuguegarao, Brgy. Tanza, Tuguegarao Tuguegarao City, Cagayan BPI - Robinsons Place Santiago 26004-011-4 Level 1-01103, Robinsons Place Santiago, Barangay Mabini, Santiago City, Isabela BPI - Robinsons Place Butuan 30004-005-8 Level 1 - 01160, Robinsons Place Butuan, Km. 3 J.C Aquino Avenue, Brgy. Libertad, Butuan City, Agusan del Norte BPI - Robinsons Galleria South 31004-045-9 L2, Robinsons Galleria South, Manila South Road, Nueva, San Pedro, Laguna BPI - Robinsons Sta. Rosa 31004-046-2 Level 1 Robinsons Sta. Rosa Market, Old National Highway, Bo. Tagapo, Sta. Rosa City, Laguna BPI - Robinsons Place Roxas 34004-004-7 Level 1-1133B, Robinsons Place Roxas, Pueblo de Panay, Barangay Lawa-an, Roxas City, Capiz BPI - Robinsons Place Puerto 35004-004-0 Unit 220-222, 2/F, Robinsons Place Palawan Mall, Puerto Princesa Princesa City, Palawan BPI - Calapan Xentro Mall 38004-003-6 G/F Neo Calapan Mall, LS 008, Roxas Drive, Barangay Sto. Nino, Calapan, Oriental Mindoro BPI - Robinsons Place Ormoc 39004-002-6 Robinsons Place Ormoc, Palo Carigara, Ormoc City Road, Brgy. Cogon, Ormoc City, Leyte BPI - Robinsons Place Imus 41004-039-1 G/F Robinsons Place Imus, Emilio Aguinaldo Highway, Imus, Cavite City BPI - Robinsons Dasmarinas 41004-041-4 Level 1 01302 Robinsons Place Dasmarinas, E. Aguinaldo Hi- way corner Governor's Drive, Pala-Pala, Dasmarinas, Cavite BPI - Robinsons Summit Ridge 41004-043-0 Space 2-00210, Robinsons Tagaytay, National Road, Barrio Maharlika, Tagaytay City BPI - Robinsons Place Antique 69004-002-7 Level 1 - 116, 117 & 118 Robinsons Place Antique, Brgy. Maybato, San Jose de Buenavista, Antique PVB - Cotabato 27033-001-8 Brgy. Rosary Heights, Cotabato City, Bangsamoro Autonomous Region in Muslim Mindanao KEBH - Subic Branch Lite Unit 28071-001-3 Space Nos. 1138B - 1139, Ground Level, Ayala Malls Harbor Point, Rizal Highway, Central Business District, Subic Bay Freeport Zone CBS - Montalban 01112-111-4 Coleo Trees Building, General Luna St., Montalban, Rizal CBS - Lapu - Lapu 02112-011-8 Mactan Town Center, Basak - Maragondon Road, Lapu - Lapu City, Cebu PSBC - Basista 05122-036-3 Units 1 to 4, M. Dela Cruz Commercial Bldg., Magsaysay Ave., Poblacion, Basista, Pangasinan PSBC - San Clemente 22122-014-8 Poblacion Norte, San Clemente, Tarlac PSBC - Binan 31122-007-4 A. Bonifacio St., Brgy. Canlalay, Biñan, Laguna PSBC - Don Carlos 51122-003-6 P5, Rizal St. Sendaydiego - Jingco Bldg., Poblacion, Don Carlos, Bukidnon CARD SME - Narra 35141-002-2 Sampaloc St., Narra, Narra, Palawan CLRB - Branchlite Iloilo City 08144-001-6 GF - A, Iznart Cor. Yulo Street, Iloilo City DCDB - Maramag 51153-003-0 Corner F.Y. Manalo and D. Micayabas Streets, Purok 2, North Poblacion, Maramag, Bukidnon 1.2 Relocation/Change in Branch Name and/or Address BRSTN BANK/BRANCH NAME FROM TO 03008-022-3 PNB–Davao Del Norte-Panabo Panabo City, Davao del Norte Stall Nos. 25-28, G/F Panabo City Market Complex, Brgy. New Pandan, Panabo City, Davao del Norte 01010-276-5 CBC Novaliches Bagbag – Quezon Novaliches - Baesa – No. 249 City Quirino Highway, Baesa, Quezon City 03035-008-9 LBP–Tagum Tagum City, Davao del Norte LANDBANK Davao del Norte Corporate Center, National Highway, Brgy. Magugpo East, Tagum City, Davao del Norte 8100 01053-186-0 BDO Ayala Triangle 1–Makati City Sedeno - 88 Corporate Center – Unit G-104, G/F, 88 Corporate Center, Sedeno St. cor. Valero St., Salcedo Village, Bel￾Air, Makati City 1.3 Deletion of the following branch/es BANK BRANCH NAME BRSTN BSP - Kalibo 29003-001-3 1.4 Pursuant to CICS OM No. 17-004 dated 18 January 2017, the aforementioned updates will be implemented effective at 9:00AM, May 04, 2026. 2. Advisories from GM Bank of Luzon, Inc. (A Rural Bank) and UCPB Savings Bank 2.1 In a letter dated April 28, 2026 Ms. Marie Aimee S. Maramba, Executive Vice President/Head - Operations Group of GM Bank of Luzon, Inc. (A Rural Bank) informed that the bank has terminated its Check Clearing Conduit Arrangement with Land Bank of the Philippines – Cabanatuan Branch effective 01 May 2026. Beginning said date, any GM Bank checks issued and presented for clearing bearing the BRSTN of LBP – Cabanatuan (13035-001-5) shall be returned with the reason: Conduit Arrangement Terminated. 2.2 As requested by Ms. Sofia Crisalina R. De Jesus, Clearing Head of UCPB Savings Bank, we would like to inform all clearing participants that UCPB Savings Bank (USB) with Bank Code 049 (a subsidiary of Land Bank), is an active clearing participant to date. Kindly disseminate to your branches that USB checks issued and presented remain acceptable for clearing. 3. For your information and guidance.

April 10, 2026 TO : All PDDTS Participating Institutions RE : User Acceptance Testing for PDDTS Front-End Enhancements 1. PCHC would like to thank PDDTS Participants for their participation in the recently concluded briefing on the PDDTS Front-End User Interface enhancements held on 25 March 2026. 2. As discussed during the briefing, and as part of the implementation of the PDDTS Front-End User Interface Enhancements, participants are requested to take part in the User Acceptance Testing for the proposed enhancements. 3. The User Acceptance Testing for the PDDTS Front-End User Interface will be conducted from April 13-17, 2026. All participants are requested to test the updated features of the PDDTS Front-End, to wit: a. Editing a Transaction Prior to Authorization b. Advanced Filters c. Saving Transactions as a Template 4. Attached to this Memo Circular is a User Guide detailing the procedures for testing the features. 5. In addition, PCHC has received feedback from one of its participants regarding the inclusion of a re-keying of transactions feature within the PDDTS Front-End User Interface during the authorization stage. 6. PCHC has evaluated this feedback and has determined that it is appropriate to include this feature as part of the enhancements. Accordingly, this feature will be rolled out on April 15, 2026. An updated User Guide will be released o April 14, 2026 and participants are likewise requested to include this feature in their User Acceptance Testing activities. 7. Upon completion of the User Acceptance Testing, all PDDTS participants are requested to accomplish the attached Sign-off from and submit it via e-mail to PhilClear@pchc.com.ph no later than April 20, 2026. 8. Thank you for your continued cooperation and support.

April 08, 2025 T O : All Clearing Participant Banks/Institutions R E : REGULAR RETURNS CLEARING OF A DISHONORED ITEM UNDER SECTION 18.1 OF THE CICS RULES AND REGULATIONS 1. Enumerated hereunder are the procedures covering the regular return of clearing items that are refused payment by the Drawee Bank due to reasons listed under Section 18.1, as well as reasons covered by Section 20 of the Revised CICS Rules and Regulations (CICS RR): 1.1. Regular Return (Section 18.1 of CICS RR) When the Drawee Bank dishonors a Regular Clearing Item for any of the reasons enumerated in Section 18.1 of the CICS RR, such item should be returned within the Prescribed Period to obtain reversal via CICS. 1.1.1. Drawee Bank The returning Drawee Bank shall perform the following procedure: 1.1.1.1. Tag the item for return and select appropriate reason code for such return (see detailed guidelines from your Front-End System provider). 1.1.1.2. Transmit the Return ICL before the 4:30 PM transmission cut-off for Day 1[1] or prior to the Morning Returns Clearing Cut-off Time[2], which is 8:00 AM of the Next Clearing Day.” A Return ICL transmitted prior to the 4:30 PM transmission cut-off for regular items will be included in the Netting and Reports Generation after the Regular Presentment Period of Day 1. While it will register zero effects on the Demand Deposit Account (DDA) of Day 1[3], the same item will nevertheless appear in both Regular Inward Items as well as in the Outward Returned Items of Day 1 in the Drawee Bank’s reports. 1.1.1.3. A Return ICL transmitted after the 4:30 PM transmission cut-off for regular items but before the Morning Returns Clearing Cut-off of 8:00 AM of the Next Clearing Day, will be included/settled on the business/clearing day the attendant netting results was transmitted to the BSP. 1.1.2. Presenting Bank When a Regular Clearing Item is dishonored by the Drawee Bank for any of the reasons enumerated in Section 18.1 of the CICS RR and returned within the Prescribed Period via CICS, acceptance of such return by the Presenting Bank is mandatory. 1.1.2.1. While Presenting Banks expect to receive Return ICLs after the 4:30 PM cut-off, they should nonetheless verify from time to time, receipt of Return ICL/s before that cut-off time or within the Regular Presentment Period. Drawee Banks may opt to transmit Return ICLs before the 4:30 PM cut- off or within the Regular Presentment Period. 1.1.2.2. Unless the reason for return is the fault of the Presenting Bank (see Section 1.1.2.5.1 below) generate and print the Return Check Advice (RCA). Please refer to Annex A to this Operating Memo (OM) for the format of the RCA that is to be handed to the depositor together with the Original Check. 1.1.2.3. Debit the account of the depositor to reverse the deposit entry. 1.1.2.4. If a returned item is not eligible for re-clearing (indicated by "N" in the "RE-CLEARING" column of the Return Reason Table), the original check must be voided by puncturing the MICR code line before returning it to the depositor. 1.1.2.4.1. MDF Banks must ensure that returned items not eligible for re-clearing are not presented again to avoid penalties imposed by the Drawee Bank on the presenting bank. 1.1.2.5. However, in case an item is returned because it is a Defective or Inaccurate Regular Clearing Item or it is a Duplicate or Counterfeit Check, procedures in 1.1.2.5.1 and 1.1.2.5.2 respectively should be followed. 1.1.2.5.1. Defective or Inaccurate Regular Clearing Item An item is considered Defective or Inaccurate Regular Clearing Item if it is presented with Mismatched Check Image and Data, Image Usability Failure, Piggy-Back Image, Invalid Image Hash Value, or an Untagged BIR/BOC Check[4] If the reason for the dishonor arises from errors in transmission or inaccuracy/ies in the clearing item, the receiving Presenting Bank may perform appropriate corrective actions in order that the returned item can be re-cleared successfully as provided below: 1.1.2.5.1.1. Validate the reason for return, and apply corrective action/s prior to processing of the item for re-clearing. No need to print/issue Return Check Advice. A separate Operating Memo covers corrective actions to be performed for Untagged BIR/BOC Checks (CICS OM 17-009). 1.1.2.5.1.2. A Regular Clearing Item may be re-cleared once, provided that the cited return reason code permits re-clearing. However, attempting to re-clear a non-representable return will result in a penalty, payable by the Presenting Bank to the Drawee Bank, as outlined in Section 6 of OM No. 23-042. 1.1.2.5.2. Duplicate or Counterfeit Check If an item is deemed a Duplicate (not a re-clearing but another instance in a separate ICL) or a Counterfeit, the Presenting Bank instead of handing the Original Check to the depositor, shall turn over the Original Check to the Drawee Bank in accordance with the procedure below: 1.1.2.5.2.1. Generate a Returned Check Advice (RCA) with the Image of the Counterfeit or Duplicate Check printed on it. Please refer to Annex A to this Operating Memo (OM) for the format of the RCA. 1.1.2.5.2.2. Debit the account of the depositor to reverse the deposit entry. 1.1.2.5.2.3. The RCA shall be handed over to the client depositor without the Physical Original Check (dishonored), and 1.1.2.5.2.4. Within ten (10) banking days from date of its receipt of the Return ICL, the Presenting Bank shall turn over to the Drawee Bank the custody of the Physical Original Check (dishonored) for use as evidence in case of claims or legal action that may be pursued by an interested party or parties, or to serve any other legal purpose. A letter, in the format and content specified in Annex B of this OM, shall accompany the turnover of the physical original check. 2. Return of paid/cleared clearing items that are subsequently claimed to be a Counterfeit or to bear Alteration, Forged Endorsement or No Endorsement (when necessary for negotiation), or Technical Defects are governed by separate operating memo. 3. This memo supersedes Section 1.1 of OM No. 18-027 dated December 14, 2018. 4. For your guidance and compliance. [1] Day 1 is the date of processing of a Regular Clearing Item by the Drawee Bank via CICS for settlement or netting purposes for the day; it is the first day of a regular clearing cycle. [2] Returns Presentment Cut-off Time is the deadline set by the BSP and implemented by PCHC for the banks to transmit dishonored items via CICS. As provided in Annex A of BSP Circular No. 986 (Series of 2017) effective 15 calendar days after publication (i.e. on January 10, 2018 in the Philippine Star), the Returns Presentment Cut-off Time is 8:00 AM of the Next Clearing Day (with reference to Day 1) [3] A regular presentment is a credit to the Pesenting Bank’s DDA and its return within the 4:30 PM cut-off is debit also to the Pesenting Bank’s DDA. [4] As defined under Section 2 (Definition of Terns) of the CICS Rules and Regulations.

April 08, 2025 TO : All Clearing Participant Banks/Institutions RE : RETURNS BY SPECIAL CLEARING – DIRECT PRESENTMENT OF RETURNS UNDER SECTION 22 OF THE REVISED CICS RULES AND REGULATIONS 1. If the Drawee Bank fails to return a dishonored clearing item within the Prescribed Period —missing both the 4:30 PM Regular Presentment and the 8:00 AM Morning Returns Clearing cut-offs—it may still return the item through direct presentation to the Presenting Bank for Special Clearing, as outlined in Section 22 of the CICS Rules and Regulations. 2. However, since special clearing of returns are outside of the system, the Drawee Bank must settle the amount through a Special Clearing Receipt, which must be duly acknowledged and signed by the receiving Presenting Bank. 3. Enumerated below are the guiding principles and procedures to be observed in Special Clearing operation: 3.1. Requirements for Accepting Direct Presentation of Returns by the Presenting Bank 3.1.1. Notice Requirement - Not later than 10:00 AM of the clearing day immediately following the clearing date of the item to be returned (the “Following Clearing Date”), the Drawee Bank (Returning Bank) shall promptly notify the Presenting Bank of the additional return via direct presentment (referred to as the “Special Clearing Advice”), using the fastest available communication channel. - The Drawee Bank must secure documented acknowledgment from the Presenting Bank confirming receipt of the Special Clearing Advice no later than 11:00 AM on the same date the advice was issued. 3.1.2. Documentary Requirements 3.1.2.1. The returning Drawee Bank/Branch shall print 2 copies of Special Return Check Advice or SRCA (please refer to Annex A to this OM for the format) bearing the images of the items to be returned. 3.1.2.2. The SRCA in 2 copies must be delivered to the Presenting Bank’s Central Clearing Unit or Head Office together with a Letter (please refer to Annex B to this OM for the format) not later than 11:00 AM of the Following Clearing Date. 3.1.2.3. The corresponding Special Clearing Receipt (SCR) and the Receiving Copy of the SCRA shall be presented to the Presenting Bank for acknowledgment/ signing by its authorized signator/ies. 3.1.2.4. The 11:00 AM cut-off for submission of documentary requirements must be strictly observed, unless the Presenting Bank explicitly agrees—in writing or via email reply upon receipt of the Drawee Bank’s Special Clearing Advice—to accept the late delivery of documents. 3.2. Disposition of the Presenting Bank on Special Clearing of Returns 3.2.1. Acceptance of Special Clearing of Returns The Presenting Bank (Receiving Bank) shall observe the following Special Clearing procedure: 3.2.1.1. Receive and verify the SRCA, validating the authenticity of the printed image/s against the Original Check; 3.2.1.2. Acknowledge and sign the Special Clearing Receipt (SCR) as well as the Receiving Copy of the SRCA; 3.2.1.3. Debit the account of the depositor to reverse the entry. 3.2.1.4. Hand over the SRCA together with the dishonored Original Check to the Depositor. 3.2.1.4.1. The Original Check must be stamped with the reason for return and voided (punched a hole in the MICR Code Line) before handing it over to the Depositor. 3.2.1.4.2. MDF Banks must ensure that returned items not eligible for re-clearing are not presented again to avoid penalties imposed by the Drawee Bank on the presenting bank. 3.2.2. Non-acceptance of Special Clearing of Returns Justifications The Presenting Bank’s decision to reject a Special Clearing of Returns is justified under any of the following circumstances: 3.2.2.1. The Drawee Bank fails to give Special Clearing Advice to the Presenting Bank prior to delivery of Documentary Requirements, even if the delivery meets the 11:00 AM Cutoff. 3.2.2.2. Drawee Bank’s Special Clearing Advice was received after the "float release" of the funds related to the item intended for return, and the Presenting Bank no longer has the opportunity to hold the fund. 3.2.2.3. Drawee Bank has no evidence that the Presenting Bank received the Special Clearing Advice sent by the Drawee Bank. . 3.2.2.4. After acknowledging the receipt of the Special Clearing Advice, the Drawee Bank fails to meet the Documentary Requirements enumerated in Section 3.1.2 above. 3.2.2.4.1. Procedure to be observed by Presenting Bank after non-acceptance If Presenting Bank refuses to accept a Special Clearing, it shall observe the following procedure: 3.2.2.4.1.1. The Presenting Bank shall formalize its refusal by sending a letter to the Drawee Bank, copy-furnished PCHC, not later than five days, citing the exact reason/s for the non-acceptance. Presenting Bank may send the PDF copy of the signed letter via email. 3.2.2.4.1.2. Attach references or proof, if any. 4. Settlement Procedure Drawee Bank settles the value of returns via direct presentment by sending the signed Special Clearing Receipt (accepted and signed by an authorized signatory of the Presenting Bank) during the next clearing session. 5. Pull out of Returned Items The withdrawal of returned items after the netting of AM returns for payment by the Drawee Bank, or any change in the return reason, is subject to a bilateral agreement between the parties involved and is not authorized by the PCHC or is outside the CICS Rules and Regulations. 6. Transaction Service Charge For accepting Special Clearing of Returned Items by the Drawee Bank due to failure to transmit within the prescribed period, the Presenting Bank may impose a service charge of Php 1,000.00 per delivery. 7. This memo supersedes Section 1.3 of OM No. 18-027 dated December 14, 2018. 8. Please be guided accordingly.

April 08, 2025 TO : All Clearing Participant Banks/Institutions RE : SPECIAL RETURN OF PAID CHECKS BY DIRECT PRESENTMENT – VIA TRANSMITTAL LETTER UNDER SECTION 19 OF THE REVISED CICS RULES AND REGULATIONS 1. A paid Regular Clearing Item (RCI) may be returned to the Presenting Bank beyond the Prescribed Period via Transmittal Letter if the item contain flaw/s that are not immediately noticeable to the naked eye or detectable using standard bank verification tools such as magnifying glass, UV lamp or other similar devices. 2. Upon verifying the Drawer’s complaint, the Drawee Bank may return a cleared/paid clearing item to the Presenting Bank under Section 19 of the Revised CICS Rules and Regulations, if the item exhibits any of the following post-payment justifications: 2.1. Alteration – where alteration is not visible: 180-days from the date of clearing 2.2. Counterfeit – where counterfeiting is not obvious: 180-days from the date of clearing 2.3. Duplicate – When the Drawee Bank is entitled to recover based on the Presenting Bank’s warranty, such as duplicate payment of a previously negotiated check by the same Presenting Bank, or duplicate payment of a counterfeit check: 180 days from the date of clearing. 2.4. Forged/Unauthorized Endorsement or lack of endorsement: 3-years from the date of clearing 3. The following procedures must be followed by the parties involved in the return of paid checks with post- payment return justifications: 3.1. Drawee Bank An item exhibiting any of the flaws mentioned in Section 2 above shall be returned by the Drawee Bank to the Presenting Bank via direct presentment, accompanied by a Transmittal Letter (Annex A), to formally request a claim for the erroneous payment of the clearing item. 3.1.1. Drawee Bank shall attach the following supporting documents to the Transmittal Letter: 3.1.1.1. Post-Payment Return Check Advice (PRCA) bearing Images of the paid RCI (Annex B to this Operating Memo) 3.1.1.2. Special Clearing Receipt (SCR) for acceptance/signing of the Presenting Bank’s authorized signatory for the Drawee Bank to reverse the value of the paid RCI to be returned/refund of the amount paid without authority of the Drawer. 3.1.1.3. Affidavit of the Payee/s or Affidavit of the Payee/s and of the Drawer based on the following claims: 3.1.1.3.1. Name of the Payee is Altered If the Drawer claims that the name of the Payee (of the Check covered by the return) is altered, the Drawer may execute an Affidavit to demand for refund. Additionally, the Drawer may at his/its option, attach an Affidavit of the person or the entity named by the Drawer as the Real Payee of the cleared/paid Check. 3.1.1.3.1.1. Drawer’s Affidavit The Drawer’s Affidavit shall state among other details that (a) the date of issue has been altered; or (b) the name of the Payee has been altered; or (c) the amount has been altered, as the case may be. Suggested formats for the Drawer’s Affidavit are annexed to this Operating Memo, as indicated below: 3.1.1.3.1.1.1. Drawer’s Affidavit on Alteration – Individual (See Annex D1) 3.1.1.3.1.1.2. Drawer’s Affidavit on Alteration – Entity (See Annex D2) 3.1.1.3.1.2. Affidavit of the Payee/s The Affidavit of the person/entity named by the Drawer as the real Payee shall state, among other details, that (a) he/it was shown a copy of the cleared/paid Check/s and asked by the Drawer if he/it knew anything about the deposit of the Check/s; (b) he/it is not the person/entity indicated in the paid Check/item; (c) he/it did not authorize anyone to receive the proceeds of the Check/item; and (d) he/it did not receive the proceeds of the Check/item. Suggested formats for the real Payee’s Affidavit are annexed to this Operating Memo, as indicated below: 3.1.1.3.1.2.1. Affidavit of the Payee on Alteration – Individual (See Annex C1) 3.1.1.3.1.2.2. Affidavit of the Payee on Alteration – Entity (See Annex C2) 3.1.1.3.2. Forged Endorsement or Lack of Endorsement In case Forged Endorsement of Lack of Endorsement (when such endorsement is necessary for negotiation) is cited as basis for return, the Drawer may attach an Affidavit of the Payee/s attesting to the forgery of the endorsement or the non-receipt by the Payee/s of the proceeds of the item. Alternatively, the Drawer may attach any other document to substantiate the claim. 3.1.1.3.2.1. Affidavit of the Payee The Affidavit of the Payee shall state among other details that the Payee (a) did not authorize anyone to endorse the Check/item or deposit the Check with any Bank; and (b) did not receive the proceeds of the Check/Item. Suggested formats for the Payee’s Affidavit are annexed to this Operating Memo, as indicated below: 3.1.1.3.2.1.1. Affidavit of the Payee on Forgery – Individual (See Annex C3) 3.1.1.3.2.1.2. Affidavit of the Payee on Forgery – Entity (See Annex C4) 3.1.1.3.2.1.3. Affidavit of the Payee on No Endorsement – Individual (See Annex C5) 3.1.1.3.2.1.4. Affidavit of the Payee on No Endorsement – Entity (See Annex C6) 3.1.1.3.2.2. Drawer’s Affidavit The Drawer’s Affidavit shall state among other details that he/it was informed by the Payee that (a) they/it did not endorse or authorize anyone to endorse the Check/s or deposit the same with any Bank; and (b) they/it did not receive the proceeds or amount of the Check/s, whether directly or indirectly. 3.1.1.3.2.2.1. Drawer’s Affidavit on Forged or No Endorsement – Individual (See Annex D5) 3.1.1.3.2.2.2. Drawer’s Affidavit on Forged or No Endorsement – Entity (See Annex D6) 3.1.1.3.3. Counterfeit Check In case the Drawer claims that the Check/s subject of the return is/are Counterfeit/s, the Drawer shall attach his/its Affidavit supporting such claim. Suggested formats for the Drawer’s Affidavit are annexed to this Operating Memo, as indicated below: 3.1.1.3.3.1. Drawer’s Affidavit on Counterfeit – Individual (See Annex D3) 3.1.1.3.3.2. Drawer’s Affidavit on Counterfeit – Entity (See Annex D4) 3.1.2. Deliver the Transmittal Letter and the Special Clearing Receipt to the Presenting Bank by messenger or special courier. 3.2. Presenting Bank 3.2.1. Acknowledgment of the Transmittal Letter by the Presenting Bank is mandatory, provided the letter is delivered to the Presenting Bank within: 3.2.1.1. One Hundred Eighty (180) days from clearing date if the reason for the return is Alteration or Counterfeit Check (This period limitation is set to ensure availability of the original deposited Check for physical examination). 3.2.1.2. Three (3) years from clearing date if the reason for the return is Forged Endorsement or No Endorsement (when such endorsement is necessary for negotiation). 3.2.2. However, such acknowledgment shall not be construed as an admission by the Presenting Bank of liability nor an agreement to the demand of the Drawee Bank. 3.2.3. The refusal by the Presenting Bank to acknowledge receipt of the Transmittal Letter shall be reported in writing by the Drawee Bank to the PCHC Board for proper action or imposition of sanctions. 3.2.4. If the Presenting Bank consents to the return by direct presentation of the paid/cleared item, the Presenting Bank shall accept/sign all copies of the Special Clearing Receipt (SCR). The Drawee Bank shall effect the settlement by sending the SCR in the next clearing session. The representative of the Presenting Bank who signs the documents must be an Authorized Signatory. 3.2.5. If the SCR is not immediately signed by the Presenting Bank’s authorized representative upon its receipt, the Presenting Bank is obliged to respond in writing to the claim/s of the returning Drawee Bank conveyed in the Transmittal Letter within (10) clearing days from date of receipt of the Letter. 3.2.6. If the response of the Presenting Bank is in the negative, the Presenting Bank shall indicate the reason for its refusal to accept (in the space provided for in the Transmittal Letter) the return of the paid/cleared item and furnish the Drawee Bank whatever document or affidavit it has to support such refusal. 3.2.7. If the Presenting Bank fails to respond to the Transmittal Letter within Ten (10) clearing days from date of its receipt, or if the response of the Presenting Bank is not acceptable to the Drawee Bank, the claim of the Drawee Bank may be elevated or filed with the PCHC Arbitration Committee. 3.2.8. The detailed procedures for the elevation to the Arbitration Committee of claims between participating banks are covered under Section 36 of the Revised CICS Rules and Regulations. 3.2.9. Banks are enjoined to strictly observe the foregoing procedures in order to preclude sanctions or penaltie4s that may be imposed by PCHC Board should not-compliance persist. Any violation shall be subject to penalty, the amount of which shall be fixed by the PCHC Board of Directors. 4. Return of paid/cleared clearing items that are subsequently claimed to bear Technical Defects, or special clearing of dishonored items that the Drawee Bank failed to transmit within the Prescribed Period, is governed by a separate operating memo. 5. This memo supersedes Section 2.1 of OM No. 18-028 dated December 17, 2018. 6. For your guidance and compliance.

April 08, 2025 T O : All Clearing Participant Banks/Institutions R E : SETTLEMENT OF CLEARING DISCREPANCIES (SECTION 26 OF CICS RR) 1. The electronic Payment Information (EPI) transmitted by the Clearing Participants will serve as the basis for determining the clearing results, which shall be posted to the respective Demand Deposit Account (DDA) of the participants with the BSP. 2. Clearing Participants are responsible for ensuring that the EPI transmitted to PCHC accurately reflects the demands drawn against other participants. In cases where a clearing account is incorrectly debited or inconvenienced due to an error caused by another participant, the erring participant shall be penalized and required to compensate the affected party. 2.1. General Procedure As a general rule, the participant responsible for a clearing discrepancy must take immediate corrective action upon detecting or receiving notification of the discrepancy. 2.1.1. Discrepancy notification should be through the fastest available means of communication e.g. phone call, sms, email or other means of conveying the alert/notification. 2.1.2. Settlement of the discrepancy shall be via Charge Slip signed by an Authorized Signatory of the collecting bank, detailing the transaction and the nature of discrepancy. It is essential for clearing participants to designate authorized officers and provide their contact information to ensure that arrangements for correcting clearing errors can be promptly facilitated. 2.2. Typical Errors that cause discrepancies 2.2.1. EPI amount is greater than the amount shown on the image of the Clearing Item 2.2.2. EPI amount is less than the amount shown on the image of the Clearing Item 2.2.3. Mis-cleared Item (Misread or Inaccurate Correction of the BRSTN field leading to the misdirection of a RCI to a bank other than the drawee bank) 2.2.4. Duplicate CICS Item or Set of CICS Items (Regular or Return) 2.2.5. Error/s or Omission/s on electronically transmitted EPI (Misread or Inaccurate Correction in either of the Check Number, BRSTN, or Account Number leading to erroneous reporting of a false duplicate). 2.3. Settlement Procedure Discrepancy Operational Procedure Settlement Penalty Receiving Bank Sender Bank Process 1. EPI Amount is Greater than the Actual Amount of the Check as shown in the Image. · Inform the sender Bank of the error no later than the next clearing day. · Collect applicable penalty from sender bank via Charge Slip. · Adjust Client’s Account covering amount of overage. · Receive and log the information reported by receiving bank · Accept Charge Slip representing Amount of Discrepancy and another for penalty. · Receiving Bank shall settle the Amount of Discrepancy by sending a Charge Slip against the sender bank to recover overage. · Amount of Discrepancy multiplied by the IBCL Reference Rate of the day or Php100.00 minimum per day, whichever is higher. 2. EPI Amount is Less than the Actual Amount of the Check as shown in the Image. · Inform the sender bank of the error not later than the next clearing day. · Collect applicable penalty from sender bank via Charge Slip. · Adjust client’s account covering amount of shortage. · Receive and log the information as reported by receiving bank · Accept Charge Slip representing Amount of Discrepancy and another for penalty. · The sender bank shall settle the Amount of discrepancy by sending a Charge Slip against the receiving bank to recover amount of deficiency. · Fixed handling fee of Php100.00 per item. 3. Miscleared RCI · Return Miscleared RCI and inform the sender bank no later than 9:00 AM of the next clearing day. · Collect applicable penalty from sender bank via Charge Slip · Receive and log information as reported by the receiving bank. · Request (if not yet done) the receiving bank to return the misdirected item in the available clearing session. · Accept Charge Slip representing Amount of the Misclearred RCI and another for penalty. · Receiving bank shall immediately return misdirected RCI in the available clearing session to the sender bank. · Sender bank, re-clear the RCI, indicating the correct drawee BRSTN. · Amount of Miscleared RCI multiplied by the IBCL Reference Rate for the day or Php100.00 minimum per day, whichever is higher. 4. Duplicate CICS Item/ Set of Items · Inform the sender bank about the duplicate RCI/set of RCIs not later than 9:00 AM of next clearing day. · Return Item/s immediately on available clearing session and reverse duplicate posting to client’s account. · Collect applicable penalty from sender bank via Charge Slip. · Receive and log information as reported by the receiving bank and confirm by referring to PCHC Duplicate Reports. · Accept Charge Slip representing Amount of the duplicate RCI/s and another for penalty where applicable. · Reverse deposit account if previously paid/negotiated by same or different Presenting Banks. · Both sender and receiving banks shall validate duplicate transaction/s by referring to PCHC Duplicate Reports and verify via Item Enquiry on the Web Portal to ascertain proper disposition of duplicate item/s. · No penalty if duplicate transaction involves two different Presenting Banks and none of the duplicate transactions were ever paid before. · Php100.00 per item if duplicate transaction/s were sent by same Presenting Bank on same clearing day. · Php1,000.00 per item if sender bank is one and the same and duplicate transaction is a renegotiation of already paid/cleared RCI/s. 5. Errors and Omissions on EPI of a CICS Item (RCI or Return) on any of the following fields: Check Number, Account Number of Drawer (RCI), & Account Number of Depositor (Returns) · Collect applicable Penalty Charge from the sender bank · Accept Charge Slip representing Penalty Charge from the receiving bank. · No settlement adjustment required. · Fixed amount of Php100.00 per item. 3. This memo supersedes OM No. 17-008 dated January 17, 2017. 4. Please be guided accordingly.

April 08, 2025 TO : All Clearing Participant Banks/Institutions RE : REVISED SCHEDULE OF BANK-TO-BANK PENALTIES AND CHARGES FOR CLEARING HOUSE RULES VIOLATIONS 1. Enumerated below are the updated list of Bank-to-Bank Penalties and other Charges under the Revised Check Image Clearing System (CICS), to wit: Description Penalty/Charges Reference Checks w/o UIC or Bank Guarantee Stamp ₱100.00 per item Section 2.3 of OM No. 17-006 Checks with Unreadable BRSTN on the UIC or Bank Guarantee Stamp ₱50.00 per item Section 2.4 of OM No. 17-006 Checks w/o the 2nd Presentment Stamp or Re-clearing UIC ₱200.00 per item Section 23.2 of the Revised CICS RR Special Clearing of Returned Items Handling Fee ₱1,000.00 per presentation Section 6 of OM No. 25-053 3rd Presentation and Dishonor of an Item ₱1,000.00 per day or amount of item multiplied by the average IBCL rate of the day, whichever is higher. Section 24.3 of the CICS RR Re-clearing of a Non-representable Dishonored Item ₱1,000.00 per day or amount of item multiplied by the average IBCL rate of the day, whichever is higher. Section 6 of OM No. 23-042 Re-clearing of a Check by a Bank Other than the Original Presenting Bank ₱1,000.00 per day or amount of item multiplied by the average IBCL rate of the day, whichever is higher. CHOM No. 340 ICL Amount Greater than the Actual Amount of Check ₱100.00 per item or amount of item multiplied by average IBCL rate of the day, whichever is higher. Section 2.3 of OM No. 25-057 ICL Amount Less than the Actual Amount of Check Fixed ₱100.00 per item Section 2.3 of OM No. 25-057 Miscleared Regular Clearing Item ₱100.00 per day or amount of item multiplied by average IBCL rate of the day, whichever is higher. Section 2.3 of OM No. 25-057 Duplicate Items ₱100 per day or amount of item multiplied by IBCL rate of the day, whichever is higher. Section 2.3 of OM No. 25-057 Service Charge on Returned Checks · Credit of Presenting Bank - ₱1,000.00 · Credit of Drawee Bank - ₱1,000.00 · Non-remittance of ₱1,000.00 to the Presenting Bank subject to penalty of ₱100.00 per day, plus the unremitted service charge. ₱2,000.00 per Returned Check Section 27.2 of the Revised CICS RR Post-dated/Stale-dated/Out-of-Date or Missing Drawer’s Signature/s, and other Technically Defective Checks ₱100.00 per item or amount of item multiplied by IBCL rate of the day, whichever is higher. Section 27.4 of the Revised CICS RR Previously Negotiated/Cancelled Check ₱1,000.00 per day or amount of item multiplied by IBCL rate of the day, whichever is higher. Section 27.4.1 of the Revised CICS RR Additional Penalty for DAIF/DAUD returns against the Drawer ₱200.00 per day for every ₱40,000.00 Amount of Check or a fraction thereof. Section 27.6 of CICS RR Errors and Omissions in the Electronic Payment Information (EPI) ₱100.00 per item Section 2.3 of OM No. 25-057 Reward for discovery of Clearing Fraud 10% of Check’s face amount but not to exceed ₱20,000.00 Section 2.2.3.2 of OM No. 17-009 Failure to tag BIR or BOC Checks ₱100.00 per item on 1st presentation ₱1,000.00 per item on 2nd presentation (re-clearing) ₱1,000.00 per item for Untagged Check sent by Non-AAB Section 2.2.3.2 of OM No. 17-009 Failure to provide the Physical Original Check to the Drawee Bank upon its request for allowable reasons ₱1,000.00 per item payable to PCHC for violation of Section 12 of CICS RR Section 10.1 of OM No. 24-050 2. Should you need further clarification, feel free to call our Service Help Desk at 8537-2700 (look for Hector Lasaleta or Anthony Manongas). 3. This memo supersedes CICS OM No. 17-011 dated January 20, 2017.

March 31, 2026 TO : All Clearing Banks/Institutions RE : NEW CLEARING PARTICIPANTS/BRSTN REGISTER UPDATES 1. With reference to various request letters / notices received from the clearing participant banks, we enumerate hereunder the following updates to the PCHC clearing participant banks/BRSTN Register and Operating Parameter, viz: 1.1 New Clearing Participants BANK/BRANCH BRSTN ADDRESS PBCOM - Butuan 30011-001-4 VPH Realty Corp. Bldg., J.C. Aquino Ave., Brgy. Bayanihan, Butuan City SBC - Muntinlupa 01014-239-8 G/F, PEDRO PATDU BLDG, 35 B National Road, Brgy. Putatan, Muntinlupa, 1772 Metro Manila SBC - Cebu - Banilad 02014-023-8 Space # 6, 7 & 8, Miranza Center, Gov. Cuenco Avenue, Brgy. Banilad, Banilad Road, Cebu City SBC - Balanga City Highway 06014-017-5 NMT Bldg., Roman Superhighway, Brgy. Tenejero, Balanga City, Bataan SBC - Daet 36014-001-1 Justo Lukban St., Daet, Camarines Norte SBC - Tanza 41014-013-6 Antero Soriano Hiway, Brgy. Daang Amaya I, Tanza, Cavite PSBC - Quirino, Isabela 26122-023-4 Barangay Luna, Quirino, Isabela CARD SME - Iligan City 18141-001-4 GF Bldg 3 Luna Street, Saray - Tibanga, Iligan City, Lanao Del Norte 1.2. Relocation/Change in Branch Name and/or Address BRSTN BANK/BRANCH NAME FROM TO 20004-001-9 BPI Dumaguete-Dumaguete City Dumaguete South Road – Real Street, Calindagan, Dumaguete City 33011-001-3 PBCOM–Tagbilaran Tagbilaran City Castecelo Building J.S. Torralba St. corner Celestino Gallares St., Tagbilaran City, Bohol 01022-045-6 Maybank Aseana–Paranaque City LTC – G/F Legaspi Towers 300, Roxas Blvd., cor. Pablo Ocampo St., Malate, Manila, 1004 01026-393-4 METRO Ayala Triangle–Makati City AIA Tower – AIA Tower, 8767 Paseo de Roxas, Makati City 01035-174-9 LBP Greenhills Ortigas Avenue Greenhills - Wilson 01044-037-5 BOC – Banawe Quezon City G/F EU Tower Building, #30 Quezon Avenue, Dona Josefa, Quezon City 1.3 Deletion of the following branches BANK BRANCH NAME BRSTN RBC - Trade Services Division 01107-036-2 1.4 Inclusion of the following branches in the list of BIR AABs BANK BRANCH NAME BRSTN LBP - Pagudpud Branch Lite 17035-005-9 2. Pursuant to CICS OM No. 17-004 dated 18 January 2017, the aforementioned updates will be implemented effective at 9:00 AM, April 01, 2026. 3. For your information and guidance.