Automation Of The Cheque Clearing System

60 pages Chapters 5 ID: CPU0602

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DepartmentComputer Science
TypeProject
Pages60
Chapters5
FormatMS Word & PDF
Reference No.CPU0602

Abstract

The cheque clearing system is the means whereby bank exchange cheque drawn each others through clearing system. Clearing system on the other hand is the medium through which proceeds of cheques and other payment instrument are transferred from the paying bank to collecting bank.The Nigerian automated clearing system (NACS) which book-off on October 21, 2002 as a result of the time function that affects clearing system i.e before cheque is cleared. It involved much stretch in which cheque is not cleared at when needed.The Central bank of Nigeria (CBN) act No 24 of 1991 empowers the apex bank to…

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