The process of instruments presented by a bank for clearing is called?
singleAnswer
Cheque clearing check clearing bank clearance
Cheque clearing Cheque Truncation System
The process of instruments presented by a bank for clearing is called?
Cheque clearing Nonnegotiable and negotiable instruments Substitute checks in the United States Cheque Truncation System Cheque Cash management Payment system Clearing house (finance) Cheque truncation Clearing (finance)
Cheque <b>clearing</b> or <b>bank</b> clearance is <b>the process</b> of moving cash (or its 
equivalent) from the ... <b>This process</b> is <b>called</b> the <b>clearing</b> cycle and normally 
results in a credit to the ... The person to whom the cheque was drawn (the &quot;
payee&quot;) could go to the drawer&#39;s <b>bank</b> (&quot;the issuing <b>bank</b>&quot;) and <b>present</b> the 
cheque and receive&nbsp;... In terms of Nonnegotiable and negotiable <b>instruments</b>, a negotiable <b>instrument</b> is 
a document ... and providing for electronic <b>presentation</b> of cheques in inter-<b>bank</b> 
cheque <b>clearing</b> systems. History[edit]. In India, during the Mauryan period in the 
3rd century BCE, an <b>instrument called</b> adesha was in use, which was an order&nbsp;... A substitute check is a negotiable <b>instrument</b> used to represent the digital 
reproduction of an ... Instead of <b>presenting</b> the original paper checks, financial 
institutions and payment processing ... The elimination of the paper check from 
the <b>clearing process</b> saves the <b>banking</b> and treasury management industries 
handling,&nbsp;... Cheque Truncation System (CTS) or Image-based <b>Clearing</b> System (ICS), in 
India, is a project of the Reserve <b>Bank</b> ... The physical <b>instrument</b> is truncated at 
some point in route to the drawee branch and an electronic image ... along with 
the relevant information like the MICR fields, date of <b>presentation</b>, <b>presenting</b> 
<b>banks</b> etc. A cheque, or check is a document that orders a <b>bank</b> to pay a specific amount of 
money from a ... Cheques are order <b>instruments</b>, and are not in general payable 
simply to the bearer as ... Daily cheque <b>clearing</b> began around 1770 when the 
<b>bank</b> clerks met at the Five Bells, ... This is <b>known as</b> the cheque <b>clearing</b> cycle. <b>Clearing</b> house: Usually <b>offered</b> by the cash management division of a <b>bank</b>. The 
<b>clearing</b> house is an electronic system used to transfer funds between <b>banks</b>. A payment system is any system used to settle financial transactions through the 
transfer of monetary value. This includes the institutions, <b>instruments</b>, people, 
rules, procedures, ... This consists of a major service <b>provided</b> by <b>banks</b> and other 
financial ... An Automated <b>clearing</b> house (ACH) system <b>processes</b> transactions 
in&nbsp;... A <b>clearing</b> house is a financial institution formed to facilitate the exchange (i.e., 
clearance) of ... (Discuss) Proposed since May 2019. ... The <b>clearing</b> house 
stands between two <b>clearing</b> firms (also <b>known as</b> member firms or participants). 
... The origins of <b>clearing</b> houses date back to <b>bank</b> cheque <b>clearing</b> in the 18th 
century. This became <b>known as</b> central <b>clearing</b>. <b>Bank</b> customers who received cheques 
could deposit them at their own <b>bank</b>, who would arrange for the cheque to be&nbsp;... In <b>banking</b> and finance, <b>clearing</b> denotes all activities from the time a commitment 
is made for a transaction until it is settled. <b>This process</b> turns the promise of&nbsp;...
clearing house
Clearing house (finance)