Annual Report 2001/2002


Cheques

SACH clears both Singapore dollar-denominated cheques and US dollar-denominated cheques that are issued by banks in Singapore. In 2001, the number of Singapore dollar-denominated cheques processed by the SACH increased slightly by 0.4% to 91.6 million compared to the previous year. The total value of Singapore dollar-denominated cheques cleared however fell 7.8% to S$417.8 billion in the year. In the same year, the number of US dollar-denominated cheques cleared by SACH increased by 2.2% to 399,000. Total value of the US dollar-denominated cheques cleared decreased by 13.1% to US$10.6 billion.


Cheque Chart 1


Cheque Chart 2

[Consumer Credit Bureau] [Reducing Foreign Exchange Settlement Risks] [Automated Teller Machines] [MAS Electronic Payment System] [Interbank GIRO] [Cheques] [Electronic Fund Transfer] [Multi-purpose Stored Value Card]

[Regulatory Initiatives] [Developmental Initiatives] [Market Infrastructure]

[Table Of Contents]