The Bills of Exchange (Cheque Truncation) Regulations

4. Particulars of electronic payment information

Edition: 2022-12-31 · In force

The electronic payment information of a cheque shall comprise—

(a)the document reference number;

(b)the magnetic ink character recognition cheque code line, which shall contain the—

(i)cheque serial number;

(ii)bank code;

(iii)branch code;

(iv)check digit;

(v)voucher type; and

(vi)account number;

(c)the amount drawn on the cheque as entered by the imaging system of the presenting bank;

(d)a digital signature for each of the images captured by the imaging system of the presenting bank; and

(e)front and rear images of the cheque as captured by the imaging system of the presenting bank.