Use of New MDS Check Design

February 15, 2017 TREASURY CIRCULAR NO. 02-2017 TO : Heads of National Government Agencies, State Universities and Colleges, All National Disbursing Officers and Cashiers, Bureau of Treasury Regional Directors and Chief Treasury Operations Officer II/Officers-in-Charge, Branch Managers of Authorized Government Servicing Banks and All Others Concerned SUBJECT : Use of New MDS Check Design 1. In view of the Philippines Clearing House Corporation (PCHC) Memorandum Circular Nos. 3126 and 3136, dated June 6 and 16, 2016 respectively, that effective July 1, 2017 , all banks should no longer accept old format or old design checks for PCHC processing and clearing, we wish to advise that old format MDS check (Annex A) shall only be issued and presented to banks for clearing on or before June 30, 2017 . aScITE 2. All concerned, opting to use MDS check as mode of payment shall place order for the new design check (Annex B) that conforms to new Check Design and Specifications Standards (CDSS) with government servicing bank, at least two (2) months before July 1, 2017, subject to guidelines in the re-order/purchase of MDS check, as provided in Treasury Circular No. 01-2014 dated May 20, 2014. 3. This Circular takes effect immediately and all other circulars, orders or memoranda inconsistent herewith are hereby deemed revoked and/or modified accordingly. (SGD.) ROSALIA V. DE LEON Treasurer of the Philippines ANNEX A Old Format MDS Check ANNEX B Sample New Check Design Published in the Official Gazette, Vol. 113, No. 12, page 2251 on March 20, 2017.