Cheque and Credit Clearing Company (C&CCC)
The clearing of cheques in the UK is managed by the Cheque and Credit Clearing Company (C&CCC). The C&CCC is owned by its 10 members, who appoint directors to make collective decisions in the industry
co-operative space.
The role of the C&CCC is to:
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Manage the clearing of sterling cheques, sterling credits, cheques drawn in US Dollars payable at London banks, and euro cheques
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Determine the rules required to maintain the integrity of the clearings and determine objective, fair and open eligibility criteria for admission to membership of the system
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Ensure that members comply with the rules.