Bank of Zambia LOGO
  • News and Publications
  • Careers
  • Procurement
  • FAQs
  • Contact Us
  • About Us
  • Monetary Policy
  • Financial Stability
  • Statistics
  • Research and Publications
  • Banking and Currency
  • Payment Systems
  • Bonds and Tbills
  • BoZ Online
  • Bank of Zambia
  • Payment Systems
  • Overview of payment systems in Zambia
  • Systemically Important Payment Systems
  • CIC

Payment Systems

  • Overview of payment systems in Zambia
    • Systemically Important Payment Systems
    • Non-systemically Important Payment Systems
    • Regional Payment Systems
  • Payment Systems Regulatory Framework
    • Directives
    • Circulars
    • National Payment Systems Act
    • Payment Systems Rules
  • Payment Systems Oversight
  • Designation of Payment Systems
    • Designated Payment System Institutions
  • Payment Systems Outlook
  • Payment Systems Vision and Strategy

CIC

The Cheque Image Clearing (CIC) System

The Cheque Image Clearing (CIC) system is a cheque processing and clearing system and allows customers belonging to one bank to write cheques belonging customers of another bank. Similar to Electronic Funds Transfer (EFT) system, the CIC system is operated by the Zambia Electronic Clearing House Ltd (ZECHL).

With the implementation of the truncation system in 2014, substantial improvement in turn-around time in cheque processing have been achievement. Credit to customer accounts is given on a T+1 basis.

© Bank of Zambia 2016.   Home   | Contact Us  | Staff Email  | Terms & Conditions  | Sitemap