iCCS™ Clearing House - CubeIQ Limited

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CubeIQ Solutions and Systems: Developed Applications
Intelligent Cheque  Clearing System - iCCS™
Cheque Processing in Clearing Houses - CH-iCCS
Daily Cheque Processing in Clearing Houses - CH-iCCS™ is a separated but integrated applications to the main iCCS™ that provides the facilities for clearing cheques in national, regional or local Cheque Clearing Houses.
CH-iCCS™ can be configure to operate with or without image capture and storage, independently for each member bank cheque stream.

Clearing with the physical bodies of the cheques
If the local clearing rules define that the physical bodies of the cheques have to be presented in order to be paid then CH-iCCS™ delivers:
To the paying member the sorted physical bodies of the cheques together with the debit advice.
To the payee member the credit advice.
If CH-iCCS™ is configure to operate with image capture then a file with the captured cheque images can be delivered to the payee member and as an option another file with the captured cheque images can be delivered to the paying member.

Clearing with the cheques in electronic form and submission of the cheques' physical bodies
If the local clearing rules define that the clearing can be realized with the cheques in electronic form then CH-iCCS™ delivers:
To the paying member a file with the captured cheque images together with the debit advice.
To the payee member the sorted physical bodies of the cheques together with the credit advice.
For clearing with the cheques in electronic form CH-iCCS™ is configure to operate with image capture.
As an option CH-iCCS™ can deliver to the payee member a file with the captured cheque images and keep the actual physical bodies of cheques for storage.

Clearing with the cheques in electronic form and submission of the cheques in electronic form
If the local rules define that the clearing can be realized with the cheques in electronic form and the submission of cheques is permitted in electronic form also then CH-iCCS™ delivers:
To the paying member  a file with the processed cheque images together with the debit advice.
To the payee member the credit advice.
CH-iCCS™ is configure to operate with image capture and the processing is implemented only on cheques in electronic form.
Under this type of processing the physical bodies of the cheque remain stored at the payee site.
EOD Clearing Calculations:
At the end of the daily processing, CH-iCCS™ calculates:
  • The total credit advices for each member and the total credit advices for all members.
  • The total debit advices for each member and the total debit advices for all members.
  • The credit-to-debit balance of the daily processing
EOD Zero Balance Clearing
CH-iCCS™ operates under the principle of "zero balance" processing.
  • At the end of the daily processing the credit-to-debit balance has to be zero
  • In any other case CH-iCCS™ supports a gradient fall-back procedure in order for the error to be located and corrected.
Related  products and information:
For any question or comment please contact our support team at support@cubeiq.gr

For product or services inquiries please email to: sales@cubeiq.gr or fill our information request form.
HQ: 78 Vyzantiou & Vithinia's St., 14234, Nea Ionia, Athens, Greece.
Tel:  (+30)-210-9530-242
Fax: (+30)-210-6255-672
General Inquiries: info[at]cubeiq[dot]gr
Sales: sales[at]cubeiq[dot]gr
Technical Support: support[at]cubeiq[dot]gr
Human resources: hr[at]cubeiq[dot]gr



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CubeIQ Limited
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CubeIQ Limited is an IT company specialized in Business Process Re-engineering, focused in the Banking and Electronic Transaction Processing Market. Our leading-edge software solutions can transform  business processes in a more efficient, more productive and cost saving way.   
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