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Podcast: Treasury Leaders (Former Corporate Treasury 101)
Episode: Episode 68: What is cheque clearing?
Description: Welcome onboard our Payment journey series!Today, we continue to breakdown cheques and go a little bit further in details about them. In this episode, expect to learn:- What does clearing mean, and how cheques are processed and cleared by the banks - How banks communicate between each other when it comes to cheques clearing and balance verification - What a clearing house is and mean, and the example of their functioning especially in the United States and in the United kingdomAnd much more! We hope you...