This consultation paper seeks views on proposed initiatives to:
(i) manage the timeline for phasing out SGD corporate cheques and launch of the Electronic Deferred Payment (“EDP”) solution for post-dated payments; and
(ii) sunset the current Cheque Truncation System (“CTS”) and replace it with a cost-efficient cloud-based system to serve the needs of remaining cheque users. These include users of SGD retail cheques, USD corporate and retail cheques and cashier’s orders.