Implementation of the Check Image Clearing System (CICS)

March 15, 2017

BSP MEMORANDUM NO. M-2017-010

TO : All BSP-Supervised Financial Institutions
SUBJECT : Implementation of the Check Image Clearing System (CICS)

The Monetary Board, in its Resolution No. 417 dated 09 March 2017 approved the granting of additional 31 days for Philippine Clearing House Corporation clearing participant banks to fully comply with the Check Image Clearing System standard, or by 21 April 2017.

For information and guidance.

(SGD.) NESTOR A. ESPENILLA, JR.

Deputy Governor

AIC Grande Tower Garnet Road
Ortigas Center, Pasig City
Metro Manila Philippines

Mobile No. +639451244898
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