Download Giro Credit Transfer Systems. Popular International by F. P. Thomson, N. Skene Smith PDF

By F. P. Thomson, N. Skene Smith

Show description

Read Online or Download Giro Credit Transfer Systems. Popular International Facilities for Economic Efficiency PDF

Similar popular books

Everyday economics: honest answers to tough questions

From how the present problem occurred to the function of banks to how cash works, this ebook addresses complicated rules in a simple to appreciate Q&A layout with energetic prose. With examples all through from own finance concerns resembling the way to negotiate the simplest fee for a vehicle, and will you purchase a guaranty for a brand new computing device, to important photograph questions that impact our nationwide and worldwide economic climate similar to: what's deflation and inflation?

Free Jazz. Black Power

For the 1st time in English, the vintage quantity that built an intensive new figuring out of unfastened jazz and African American tradition

Popular American Recording Pioneers: 1895-1925

Come upon the trailblazers whose recordings accelerated the limits of expertise and taken “popular” tune into America's dwelling rooms! renowned American Recording Pioneers: 1895--1925 (winner of the 2001 organization for Recorded Sound Collections Award of Excellence in ancient Recorded Sound examine) covers the lives and careers of over 100 musical artists who have been specifically very important to the recording in its early years.

Additional resources for Giro Credit Transfer Systems. Popular International Facilities for Economic Efficiency

Example text

5. The The The The The serial number of the cheque. bank and branch code number. remitter's account number. transaction code number. amount remitted. Items Nos. 1 to 4 are printed across the cheques of each bank customer before delivery to him and are usually bound in a cheque book containing similarly coded credit lodgement slips. Although bankers appear optimistic as to the ultimate success of mechanisation methods, it is likely that the rugged individualism and the latitude left for individual preferences may complicate the system as much as it lessens actual pen work in the branches.

The Post Office does not provide as part of the service in return for the poundage paid, an interlocking safe transmission facility for money order forms, like that of continental giro countries, nor is there a space for the remitter to write a message to the beneficiary. From the time postal orders are printed until they are issued across a post office counter they have to be guarded and checked because they are printed in various denominations. The same process is involved from the time they are encashed at the beneficiary's post office until finally cancelled by the Post Office Records Department.

The Department of Inland Revenue, that seem unwilling to adopt this method of monetary transmission, although a credit transfer form can be incorporated as a detachable part of an invoice. , it is obvious that, to make the credit transfer and—for that matter—the cheque encoding system fully successful it will be necessary for the banks to provide a Credit Transfer Directory of Account Holders9 Banks, Branches and Numbers. When the average code line comprises a combination of numbers such as 60 0001 1234567 to indicate the bank, branch and account holder it will be seen just how long-winded the system may become !

Download PDF sample

Rated 4.18 of 5 – based on 15 votes