The cheque clearing process - a case study on Post Office Savings Bank.
This report attempts to study the efficiency ofthe cheque clearing process, comparing the theory and practice, in the context of POSB. Through the literature review of relevant text books and study of relevant legislation, the duties, risks and liabilities faced by banks in the cheque clearing proce...
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| Main Authors: | , , |
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| Other Authors: | |
| Format: | Final Year Project |
| Language: | English |
| Published: |
2013
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| Subjects: | |
| Online Access: | http://hdl.handle.net/10356/52977 |
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| Institution: | Nanyang Technological University |
| Language: | English |
| Summary: | This report attempts to study the efficiency ofthe cheque clearing process, comparing the theory and practice, in the context of POSB. Through the literature review of relevant text books and study of relevant legislation, the duties, risks and liabilities faced by banks in the cheque clearing process were identified. With that in mind, personal interviews were conducted with the assistant manager and bank officers from the inward clearing unit of POSB to study the cheque clearing system adopted by the bank to fulfill its duty as a paying bank and a collecting bank. |
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