La banque postale
La banque postale
What is often a banking system? It appears similar to a easy issue. Nevertheless, dependant upon exactly where you sit and your personalized point of view there is usually various unique answers.
When I pose this issue to individuals on my programs I invariably get an answer that offers solely which has a computerized procedure. In today's jargon the phrase "system" seems to automatically seek advice from a pc as well as a personal computer only.
However a "system" is bigger than simply a pc. A "system" is really a grouping or combination of factors or elements forming a posh or unitary whole. An quickly understood case in point will be the postal system which includes things like letters, stamps, parcels, letter boxes, article places of work, sorting offices, computers, clerks, mailmen, delivery vans, airways; simply to point out a number of of its elements. It truly is how all this is organised and produced to operate which makes it deserving of the title "postal system". So, once we communicate of the program, we discuss of a little something much larger plus much more complex as opposed to computerized element of that procedure.
The same logic relates to every other "system" and "banking systems" are not any different.
The cheque clearing procedure (or check clearing procedure to our American cousins) can probably lay declare into the honour of being the oldest banking program on the planet. This technique, with variations, is utilized to this quite working day in all nations around the world the place the cheque nonetheless forms part of the countrywide payment method.
Today while in the 20 initially century, in most nations where the cheque remains in use, the cheque clearing system is usually a hugely refined procedure utilizing state of your artwork technological innovation, audience, sorters, scanners, coded cheques, digital images and plenty and lots of computing electrical power.
The cheque is largely a humble piece of paper, an instruction to a bank for making a payment. The tale with the cheque clearing procedure is actually a story that is certainly well worth telling. It's that story of the banking procedure that is definitely now in its third century of operation. It is the story of the banking program that has advanced and altered and been enhanced by way of a great number of innovations and improvements. It is actually a story in the vital payment instrument which includes assisted grease the wheels of commerce and field.
How did the cheque start? Most probably in ancient moments. You can find communicate of cheque-like devices within the Roman empire, from India and Persia, relationship again two millennia or maybe more.
The cheque is usually a published order addressed by an account holder, the "drawer", to his / her financial institution, to pay a certain amount into the payee (often known as the "drawee"). The cheque is usually a payment instrument, which means that it is the particular car by which a payment is often taken from just one account and transferred to a different account. A cheque provides a legal identity - it truly is a negotiable instrument ruled for most countries by law.
To illustrate allow us use an case in point. Your Aunt Sally provides you with a gift in your birthday. A cheque for one hundred lbs .. For getting a maintain of the authentic existing (the dollars that is) you may have two options. You'll be able to get oneself off to Aunt Sally's lender and claim payment in cash by presenting the cheque there by yourself, or you could provide the cheque towards your have lender and talk to them to collect the quantity on your behalf.
Collecting your existing in particular person is usually an actual bind, particularly if Aunt Sally lives in a further city, miles from exactly where you live. This means you deposit your cheque with all your lender.
Cheque clearing will be the course of action (or program) that is definitely used to obtain the cheque that Aunt Sally gave you on your birthday, out of your bank branch, exactly where you deposited it, to Aunt Sally's bank department also to get settlement for your amount due back again to the possess branch. Given that on any one day tens of millions and countless cheques are processed, sorted, processed, transported; receiving payment for and preserving tabs on most of these goods is no effortless feat.