Check Clearing in the 21st Century: What Treasurers Need to Know Now
- Topics:
- Commercial Banking
- Tags:
- Check,
- Check 21,
- Financial Services
- Source:
- Citigroup
FREE Registration is required
Overview: In response to the need for a faster, more efficient and more reliable check clearing process, the Check Clearing for the 21st Century Act, known as "Check 21", was signed into law on October 28, 2003, and its provisions will go into effect a year from that date. Why Check 21 now? The critical need to mitigate the risks associated with the existing process - specifically, of having to transport checks by air - became abundantly clear post 9/11, when the Federal Reserve's check float increased dramatically.
(Is this item miscategorized? Does it need more tags? Let us know.)
Format: PDF | Size: 667KB | Date: Dec 2003 | Pages: 1
