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.