Consultation Paper on Roadmap to Terminate the SGD Cheque Truncation System – Eliminating Corporate Cheques by 2025
This consultation paper seeks views on proposed initiatives to:
(i) eliminate centrally cleared cheques used by corporates by 2025; and
(ii) assist and encourage remaining users of centrally cleared cheques (including individuals) that are able to switch to alternative payment methods to do so.
These initiatives form part of a roadmap to terminate the SGD cheque truncation system in the medium term.