17 February 2020 TO : All Clearing Banks/Institutions RE : NEW LOCATION OF PCHC MAKATI OFFICE 1. Please be advised that our Makati Office has been relocated to a new address as follows: 11th floor Sagittarius Building, 111 H.V. Dela Costa Street Salcedo Village, Makati City Trunk line 8537-2700 2. To ensure that calls are promptly responded when calling Makati Office, we are likewise publishing direct lines of the following support units: 2.1. Help Desk – 8537-2704 2.2. Technical Support – 8537-2710 3. For information and guidance.

06 February 2020 TO : All Clearing Banks/Institutions RE : WRITING DATE ON CHECKS 1. As concerns have been raised on the ease with which additional two digits can be fraudulently added/appended to “20” that is indicated as the year of Check issuance, we respectfully suggest to our Clearing Participants to consider advising their respective Clients to always write the Year of their Check issuances in four (4) digits (YYYY) for their protection. PCHC is mindful of the apprehension pointed out by some quarters that simply writing “20” only for the year of a Check opens up the Client’s account for fraudulent activity. 2. However, notwithstanding the foregoing suggestion and remarks, PCHC maintains that “Year 20” Checks remain acceptable for clearing purposes , as provided in CICS OM 18-021 (Uniform Interpretation on Dates of Checks) considering that - (a) post-dated “Year 20” Checks might have already been issued and in the possession of creditors, suppliers, lessors, sellers and other types of payees collecting payments on installments/periodic basis, and (b) their non-acceptance for clearing could possibly bring about non-collection or delay in the collection of their receivables thereby potentially providing basis for legal action against the non-accepting bank/s and PCHC. 3. We would also like to remind Clearing Participants of their liability in cases of presentation of items with Alteration which includes change/s on the date of a Check. 4. This is a clarification and a reminder for everyone to be vigilant.

04 February 2020 TO : All Clearing Banks/Institutions R E : MORNING ADJUSTMENT WINDOW (MAW) FOR THE SETTLEMENT OF DISCREPANCY DUE TO MISENCODED AMOUNT ON CHECKS SENT THE PREVIOUS CLEARING DAY 1. We are pleased to announce that PCHC has completed its development of the Morning Adjustment Window (MAW) system that would enable banks to correct and settle discrepancies due to misencoding of amount on Checks sent the previous clearing day. 2. The MAW system which is web based application will operate outside the Check Image Clearing System (CICS) and shall generate net results that will be consolidated with the Clearing Summary Report (CSR) of the AM Returns submitted to the Bangko Sentral ng Pilipinas (BSP) after the 8:00 AM cut-off time. 3. The application is now open for inspection by CICS participant banks/institutions via UAT exercise that will commence on February 17, 2020. 4. A general briefing will be conducted for all Clearing Officers on February 13, 2020 at 9:00 AM, Makati Sports Club (Dasmarinas Room) to explain and answer questions on the mechanics of the UAT. Clearing Officers may send individual names or designated representative to Ms. Monet Paguirigan at monetpaguirigan@pchc.com.ph on or before February 11, 2020. 5. In the meantime, attached are the UAT Test Mechanics, Test Scripts and UAT Sign off form for advance reference. Clarifications may be made by sending email queries to Help Desk at PHILCLEAR@pchc.com.ph. 6. For information and guidance.

January 10, 2020 T O : All Clearing Banks/Institutions R E : WRITING DATE ON CHECKS 1. In response to inquiries of some Clearing Participants, PCHC would like to confirm that it has not issued any Memorandum or Advisory amending or revising CICS OM 18-021 (Uniform Interpretation on Dates of Checks). 2. As CICS-OM 18-021 remains in effect, Checks with date of issue written in the following format/style: Format Example Fully written November 03, 2020 Fully written 03 November 2020 Abbreviated Month (First three letters) Nov 3, 2020 Abbreviated month 03 Nov 2020 Shortened 03 Nov 20 Numeric style (with full year) 11032020 Numeric style (with last 2-digit year) 110320 Numeric with ‘/’ partition (full year) 11/03/2020 Numeric with ‘/’ partition (shortened year) 11/03/20 Numeric with ‘-’ partition (full year) 11-03-2020 Numeric with ‘-’ partition (shortened year) 11-03-20 Numeric with ‘.’ partition (full year) 11.03.2020 Numeric with ‘.’ Partition (shortened year) 11.03.20 are acceptable for clearing until an amending clearing policy is issued. 3. In this connection, we would like to reiterate the guidelines provided in other issuances of PCHC (Memo Circulars No. 3436 and 3437), to wit: a. Clearing Participants shall read the date as November 3, 2020 or as the case may be, regardless of the form or shape of the partition symbol (like an asterisk or double partition line/back slash, small circle, or square, etc.); b. The date should be written as MM-DD-YYYY or “MM-DD-YY (Month-Day-Year); c. A bank which presents 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” not “postdated; and d. All post-dated Checks (PDCs) bearing formats other than those illustrated above and which were accepted and warehoused prior to July 1, 2018 should continue to be accepted for clearing until paid/negotiated. 4. For your information and guidance.

January 04, 2021 TO : All Clearing Banks/Institutions RE : 1. NEW CLEARING PARTICIPANTS/BRSTN REGISTER UPDATES 2. NOTICE FROM ZAMBALES RURAL BANK, INC. 3. DELETION OF THE REMAINING BRSTNs OF OVERSEAS FILIPINO BANK, INC. 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 SBC - QUEZON AVENUE - WEST TRIANGLE 01014-223-3 1389 Quezon Avenue, Quezon City BDO - SOUTH COTABATO - GAISANO 24053-010-7 GFS 3, 5 and 6 Gaisano Grand Mall Polomolok, National POLOMOLOK Highway, Brgy. Magsaysay, Polomolok, South Cotabato 1.2 Relocation/Change in Branch Name and/or Address BRSTN BANK/BRANCH NAME FROM TO 04010-004-1 CBC - Bacolod -Mandalagan Lacson St., Mandalagan, Bacolod City, COFA Building, Lacson St., Negros Brgy. Mandalagan, Bacolod City 01053-261-0 BDO Angono - M.L. Quezon Angono - Xentro Mall 01102-096-9 ASIA UNITED Greenhills Theater - Greenhills Greenhills Theater Mall - Shopping Center, Brgy. Greenhills, Unit 102, Intrawest Center, San Juan City 33 Annapolis St., Greenhills, San Juan City 1.3 Deletion of the following branches BANK BRANCH NAME BRSTN OFB - MAIN 01002-011-9 OFB - DAVAO 03002-001-8 OFB - MALOLOS 13002-001-5 OFB - LEGASPI 16002-001-4 OFB - LIPA 19002-001-3 OFB - TARLAC 22002-001-9 BDO NB - BULACAN - SAN JOSE DEL MONTE 13118-001-9 2. In a notice sent by Zambales Rural Bank, Inc. dated December 29, 2020, the bank informed that effective January 1, 2021, it (Bank 142) will no longer honor Zambank Checks bearing LBP BRSTN and that if presented for clearing, will be returned using reason return "L" or "Refer to Issuer/Drawer: Conduit Agreement Terminated". 3. With the deletion of the remaining BRSTNs of Overseas Filipino Bank, Inc. effective January 2021, it (Bank 002) will cease to be a Clearing Participant, until further notice. 4. Pursuant to CICS OM No. 17-004 dated 18 January 2017, the aforementioned updates will be implemented effective January 04, 2021. 5. For your information and guidance.

December 29, 2020 TO : All PESONet participating banks/Institutions RE : REMINDER ON SENDING OFI REFERENCE NUMBERS 1. Further to PESONet Memo Circular No. 20-033 issued last October 29, 2020, we wish to remind participants that are already implementing the Enhanced Interface File (EIF) format to kindly send OFI reference numbers that do not exceed 16 characters until the full implementation of EIF come February 1, 2021. 2. As mentioned in the said Memo Circular, support for the EPCS Format File, and PhilPaSS REMIT (Outward) file continues to be available hence, sending OFI reference numbers that is more than 16 characters pose operational concerns or issues particularly for participants that are not yet on EIF. 3. We appeal to all participants already on EIF for their full support and cooperation. 4. Thank you and wishing you all a happy, prosperous New Year.

16 March 2020 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 METRO - LEGAZPI - MARISON 16026-010-4 Marison Plaza, Tahao Road corner Lakandula Drive, Barangay 38, Goron, Legazpi City BDO - MARIKINA -XELAND GIL 01053-683-6 LS1-04 Xeland, Mayor Gil Fernando Avenue, Brgy. FERNANDO AVE. Sto Niño, Marikina City BDO NB - MARINDUQUE - BOAC 01118-005-8 G/F, JR Angeles Space Rental, 10 De Octubre St., Brgy. Malusak, Boac, Marinduque BDO NB - OCCIDENTAL 01118-006-1 G/F, C&F Commercial Office, Rizal St. corner MINDORO - MAMBURAO Mercene St., Pob. 4, Mamburao, Occidental Mindoro 1ST VALLEY - TAGBILARAN 33127-001-7 454 CPG North Avenue, Cogon Dist. Tagbilaran City CBB - SAN JOAQUIN 01145-002-1 207 M. Concepcion St., San Joaquin, Pasig City CBB - LOWER BICUTAN 01145-003-4 430 ML Quezon St., Lower Bicutan, Taguig City CBB - SIGNAL VILLAGE 01145-004-7 30 Gov. Rodriguez cor. Gen Espino St. Zone 5, Signal Village, Taguig City CBB - FTI 01145-005-0 Stall 1, 2 & 3 Maharlika Gate, FTI Complex, Taguig City CBB - PATEROS (ALMEDA) 01145-007-6 22 M. Almeda St., Brgy. Martinez Del 96, Pateros M. Mla. CBB - MARIKINA 01145-008-9 354 JP Rizal St., Sto Niño, Marikina City CBB - AMPID 01145-009-2 117 General Luna St., Ampid, San Mateo, Rizal CBB - MONTALBAN 01145-010-2 115 JP Rizal St., Manggahan, Rodriguez, Rizal CBB - SANTOLAN 01145-011-5 79 Amang Rodriguez Ave., Santolan, Pasig City CBB - TUKTUKAN 01145-013-1 6 Gen. Luna St., Tuktukan, Taguig City CBB - PATEROS 2 01145-018-6 B. Morcilla cor. P. Herrera St., Pateros, Metro Manila CBB - PASIG SAN MIGUEL 01145-021-2 M. Eusebio Ave., San Miguel, Pasig City CBB - ALABANG 01145-022-5 377 West Service Road, Alabang, Muntinlupa City CBB - LAS PINAS 01145-023-8 298 Real St. Pulang Lupa I, Las Piñas City CBB - ANGAT 13145-001-1 1st Floor CSMA Bldg. Poblacion, Angat, Bulacan CBB - NORZAGARAY 13145-002-4 Bigte, Norzagaray, Bulacan 1.2 Relocation/Change in Branch Name and/or Address BRSTN BANK/BRANCH NAME FROM TO 02008-027-5 PNB - Cebu - Talamban Talamban, Cebu Gov. M. Cuenco Ave., Brgy. Talamban, City Cebu Ci t y 01028-039-9 RCBC Katipunan Loyola Heights Business Center 01035-912-3 LBP Virac, Catanduanes - Virac - Catanduanes JMA Bldg., Rizal St., Sta. State University Compound Elena, Virac, Catanduanes Calatagan, Virac, Catanduanes 02035-010-9 LBP Cebu Capitol - G/F, Cebu Mango Avenue - Espiritu Benson Industries, Inc. Building, 33 General Maxilom Escario cor. F. Ramos, Cebu Avenue, Barangay Kamputhaw, Cebu Ci ty, Cebu 01053-215-7 BDO Aurora Blvd. - New Manila - Robinson -Magnolia - Level 1, Unit 669 Aurora Blvd., Broadway 107B, Robinsons Magnolia, Aurora Heights Bldg., Brgy. Mariana, Blvd. Cor. Dona Hemady St., and N. New Manila, Quezon City Domingo St., Brgy. Kaunlaran, New Manila, Quezon City 10121-001-6 BMI - Cagayan de Oro J.V. Serena St. cor. Vamenta Jimar Building, Don Apolinar Blvd., CDO City, Misamis Velez St., corner Gomez St., Oriental Cagayan de Oro, Misamis Oriental 1.3. Inclusion of the following branches in the list of BIR AABs BANK BRANCH NAME BRSTN LBP - SABLAYAN 01035-918-1 2. Pursuant to CICS OM No. 17-004 dated 18 January 2017 the aforementioned updates will be implemented effective 16 March 2020 . 3. For your information and guidance.

01 April 2020 TO : All Clearing Banks/Institutions RE : NEW CLEARING PARTICIPANTS/BRSTN REGISTER UPDATES 1. With reference to various request letter/notices 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 LBP - HIMAMAYLAN BRANCH - 70035-003-4 GM Building, Rizal Street, Barangay 2, Poblacion, LITE Himamaylan City USB - ORION 06049-002-9 Stall#31 National Road, Barangay Arellano, Orion, Bataan BDO - ANTIPOLO - XENTRO 01053-684-9 LS01-05 Xentro Mall Antipolo, Sumulong Highway, MALL Brgy. Mambugan, Antipolo City ASIA UNITED - MARKET ROAD - 01102-149-2 DIVI Plaza Market Road Batong Dalig Brgy. San Juan, TAYTAY Taytay Rizal 1.2. Relocation/Change in Branch Name and/or Address BRSTN BANK/BRANCH NAME FROM TO 12053-003-6 BDO - SM City - Baguio UG/F, SM City - Location Code 176 - 179, Upper Ground Baguio, Upper Floor, SM City Baguio, Luneta Hill, Upper Session Road, Session Road, Session Road - Governor Baguio City Pack Road Barangay, Baguio City 2. Pursuant to CICS OM No. 17-004 dated 18 January 2017 the aforementioned updates will be implemented effective 01 April 2020. 3. For your information and guidance.

16 April 2020 TO : All Clearing Banks/Institutions R E : NEW CLEARING PARTICIPANTS/BRSTN REGISTER UPDATES

April 29, 2020 TO : All Clearing Banks/Institutions RE : MULTIPLE PRESENTMENTS OF CHECK 1. We have been receiving reports/incidents of persistent attempts to re-clear Checks that are negotiated/paid earlier via Mobile/Remote Deposit Capture or Mobile Check Deposit Facility (“Mobile Facility”) posing risks of monetary loss to the Clearing Participants and ultimately causing bad customer experience. 2. On February 19, 2019, PCHC issued a caution notice through its Memo Circular No. 3514 (MC 3514) for participant banks/institutions to implement strict KYC policy as primary safeguard against fraud and double presentment. 3. Along with the caution notice, the requirement was also imposed in MC No. 3514 for banks accepting check deposits via Mobile Facility for clearing (“Presenting Digital Banks”) to instruct their respective depositors to write certain details at the dorsal portion of Checks to be deposited via Mobile Facility. 3.1. The required Dorsal Digital Deposit Information (DDDI) are: 3.1.1. Name of Presenting Digital Bank 3.1.2. Account number at the Presenting Digital Bank to which the proceeds of the deposited Check will be credited 3.1.3. Date of transmission of the image and data of the Check to the Presenting Digital Bank (i.e., date of Check capture by the Depositor) 3.1.4. Endorsement of the Payee /Depositor 3.2. Any Check/Check Image bearing/showing DDDI is supposed to put banks on notice of its earlier deposit with the indicated Presenting Digital Bank and should be refused acceptance (or further acceptance, that is, in the case of the indicated Presenting Digital Bank). 4. It has been reported, however, as indicated above, that double/multiple deposits of Checks have occurred and the incidents point to the need for changes to be effected. Thus, in addition to the requirement for the aforementioned details to be written at the dorsal portion of the Check for mobile deposit, the abbreviated name of the Presenting Digital Bank to which the Check is to be deposited and the Account Number to which the Check proceeds are to be credited (“Front Digital Deposit Information” or “FDDI”) should be placed also on the face of the Check - to be located in between the Account Name and Payee line, to wit: 5. In view of the persistent fraudulent attempts, we again wish to remind bank personnel assigned to receive Checks over the counter or to examine items for clearing to ascertain that the Checks / Check Images do not show DDDI and/or FDDI and erasure/alteration on them, among other technical details, before accepting/processing the transaction. 6. To give ample time for Presenting Digital Banks to inform their clients of the additional requirement of placing FDDI on the face of the Check, implementation shall take effect on July 1, 2020. 7. On this matter of Mobile Check Deposit, PCHC was requested by the Clearing Officers of banks to set out rules on the liabilities of Clearing Participants under the different scenarios discussed in the meeting between members of the Board, Clearing Officers Club, Inc. (COCI) and PCHC. 8. However, inasmuch as settlement of any claim (which arises from a particular debit-to account that is questioned by the Check issuer) will involve the Drawee Bank and the Presenting Bank only, it is deemed logical that instead of rules on the recovery rights of the Drawee Bank and the liabilities of all the Presenting Banks pertaining to one scenario of multiple presentments/payments of a Check, general guidelines be provided to govern one-on-one evaluation of the rights and responsibilities of the Drawee Bank and the Presenting Bank involved in a transaction in question. The guidelines for the settlement of a claim relating to multiple presentments are as follows: 8.1. Subject to the other rules/requirements of the CICS Rules and Regulations, the Drawee Bank is - 8.1.1. entitled to reimbursement from the Presenting Bank of the full amount of the Check if - 8.1.1.1. its Check Image shows no DDDI and FDDI but the Presenting Bank cannot present, upon request of PCHC, the cleared Physical Original Check covered by the claim, or 8.1.1.2. its Check Image, with DDDI and FDDI, is presented more than once by the Presenting Bank. 8.1.2. entitled to reimbursement from the Presenting Bank of half the amount of the Check if the Presenting Bank is not the depository bank indicated in the FDDI and/or in the DDDI shown in the Check Image, subject to item 8.1.1.2 above. 8.1.3. is not entitled to reimbursement from the Presenting Bank any amount of the Check if - 8.1.3.1. its Check Image shows no DDDI and FDDI and the Presenting Bank can present, upon request of PCHC, the cleared Physical Original Check covered by the claim, or 8.1.3.2. its Check Image shows DDDI and FDDI and the Presenting Bank is the depository bank indicated in the DDDI and FDDI, regardless of whether the Presenting Bank can present the cleared Physical Original Check covered by the claim 8.2. Reimbursement of the full /half of the amount of the Check by the Presenting Bank to the Drawee Bank shall be implemented by way of the usual charge slip after the elements cited in items 8.1.1 and 8.1.2 above are established in the settlement process to be administered by PCHC. 8.2.1. If the claim of the Drawee Bank against the Presenting Bank is not filed with or not settled through PCHC, the procedure in item 8.2 above shall not apply. 8.3. If a Presenting Bank maintains that it has a basis to go after another Presenting Bank in accepting a Mobile Deposit or OTC deposit/encashment that the former deems as having caused it to suffer damages (e.g., not requiring or violating DDDI and/or FDDI), it may institute its claim against the latter in a court of law, that is, not through the Arbitration facility of PCHC. 8.4. If a Clearing Item is a Counterfeit (deposited through Mobile Facility or deposited/encashed through OTC Facility), the Drawee Bank is entitled to fully recover the Check amount from the Presenting Bank, regardless of whether the Check is involved in multiple deposits, subject to provisions of the CICS RR. 9. We are also suggesting the following basic settlement procedure in case of double or multiple presentment of a clearing item, as follows: 9.1. A Drawee Bank complaining about multiple presentment may report the incident to PCHC. 9.2. PCHC shall require the Presenting Bank to answer the claim and present the Original Check to PCHC within 5 days. If the Presenting Bank does not answer the claim within said period, the elements under items 8.1.1. or 8.1.2, as the case may be, shall be conclusively presumed to have been established. 9.3. If the elements cited in items 8.1.1 and 8.1.2 above are established or deemed to have been established, the Presenting Bank shall reimburse the Drawee Bank in accordance with said provisions. 9.3.1. The procedure and liability suggested above are drafted on the premise that the clearing item or the Check covered by the claim has no other defect or has no reason to be returned except that it is presented more than once (other than for a valid re-clearing). 9.3.2. In all claims filed with PCHC, penalty shall be imposed on any Presenting Bank which cannot present the cleared Physical Original Check covered by the claims. The penalty shall be in the amount of Php1,000 per item payable to PCHC for violation of Section 12 of the CICS Rules and Regulations. 10. The settlement procedure proposed above are presented for your comments and/or additional inputs before we consider adopting the same as part of our Operating Guidelines. 11. You may submit your feedback to Mr. Anthony Joe Manongas via email at thonymanongas@pchc.com.ph on or before May 15, 2020. 12. We count on your full support.