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<p class="MsoNormal" style="MARGIN: 0cm 0cm 0pt;"><span lang="EN-US" style="FONT-SIZE: 14pt;"><font face="Times New Roman">Banks settle cheques and credits though the clearing system.<span style="BACKGROUND: yellow; mso-highlight: yellow;">Once the values of cheques passed between the banks at the end of a particular day’s clearing have been determined,the resulting debts arising between the banks need to be settled.</span></font></span></p><p class="MsoNormal" style="MARGIN: 0cm 0cm 0pt;"><span lang="EN-US" style="FONT-SIZE: 14pt;"><font face="Times New Roman"><span style="BACKGROUND: yellow; mso-highlight: yellow;"></span><p></p></font></span></p><p class="MsoNormal" style="MARGIN: 0cm 0cm 0pt;"><span lang="EN-US" style="FONT-SIZE: 14pt;"><font face="Times New Roman">For examples, <span style="BACKGROUND: yellow; mso-highlight: yellow;">Lloyds may be asking for settlement of $<chmetcnv wst="on" tcsc="0" numbertype="1" negative="False" hasspace="False" sourcevalue="20" unitname="m">20m</chmetcnv> worth of cheques drawn on Barclays bank paid in by its customers into their amounts at Lloyds branches</span>.In return ,Barclays may have $<chmetcnv wst="on" tcsc="0" numbertype="1" negative="False" hasspace="False" sourcevalue="25" unitname="m">25m</chmetcnv> worth of Lloyds cheques paid into branches of Barclays.<p></p></font></span></p><p></p>页:
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