AUTOMATION OF THE CHEQUE CLEARING SYSTEM
CHAPTER ONE GENERAL DESCRIPTION OF THE STUDY 1.0 INTRODUCTION The cheque clearing system is the means whereby bank exchange cheque drawn each others through clearing system. Clearing system on the other hand is the medium through which proceeds of cheques and other payment instrument are transferred from the paying bank to collecting bank. The Nigerian automated clearing system (NACS) which book-off on October 21, 2002 as a result of the ...
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