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BSP SURVEY on NOW ACCOUNTS/Revised Check Clearing and Settlement Process

BSP-SPD (Cir #681 Chk Clearing & Settlement)

September 1, 2010

TO                  :  RBAP MEMBERS

RE                  :  BSP SURVEY on NOW ACCOUNTS/Revised Check Clearing and Settlement Process

FROM           : VICENTE R. MENDOZA, RBAP Executive Director

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Dear Fellow Rural Banker:

This is to share with you a letter received from the BSP’s Office of Supervisory Policy Development Director Teodora I. San Pedro on the Implementation of Circular No. 681—Revised Check Clearing and Settlement Process.

Please take time to fill up the survey form, as this would be our chance to postpone the January 2011 deadline and get at least six-month reprieve or extension.

Kindly send your accomplished forms on Sept. 3 to Sept. 4 to:

executive.director@rbap.org

christine.gaylican@rbap.org

Thank you.

Vicente R. Mendoza