Regulatory Alerts2025-12-25
Circular Re. the Launch of the Electronic Cheque Clearing System (ECCS)
The financial regulator issued this circular to mandate the operational launch of the Electronic Cheque Clearing System (ECCS). The directive requires all licensed financial institutions to transition cheque processing from physical handling to an automated electronic network. Institutions must align their internal systems with the prescribed technical standards and adhere to the specified implementation schedule to ensure uninterrupted clearing operations.
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