Consultation on cheque imaging

The Cheque and Credit Clearing Company is consulting on the technical design of the Image Clearing System (ICS) need to meet the introduction of new technology later this year that will enable faster processing of cheques and other paper payment instruments. CCCC is now seeking views on the contractual arrangements it proposes, comprising participant agreements, the ICS manual, ICS settlement framework agreement, ICS interbank settlement agreement and deed of charge. Some documents are available to certain market participants and regulators only, while others are publicly available. Comments are requested by 28 April.