In particular, we have gone back to full allotment in 3-month and 6-month operations, so as to facilitate the liquidity planning of banks. And we have reactivated operations that provide liquidity in US dollars, in coordination with the Federal Reserve and a number of other central banks, to prevent possible liquidity tensions. II.
So there is no waiting of 3 to 7 days for funds to be cleared when using a cheque;  •  There is time savings as one does not have to physically visit a bank to deposit cheque;  •  There is no uncertainty of any dishonoured cheques with the associated charges and loss of income;  •  Immediate crediting of account means that any overdraft limit is reduced and hence lower interest charges;  •  Immediate crediting of funds will help in cash flow; and  •  Reduced overhead or staff costs as there is less paperwork.