Recent initiatives include the Port-Louis Automated Clearing House (PLACH) set up in 2002, which performs netting on cheque data that are sent to the clearing house by electronic means and the settlement at each clearing cycle on the MACSS.
The Bank of Mauritius is currently working on a Cheque Truncation project, whereby clearing and settlement of a cheque will be done through images of cheques instead of physical cheques. The Stock Exchange of Mauritius also operates a Central Depository System (CDS), which allows for delivery versus payment of stock exchange transactions on a T+3 rotating basis via the MACSS.