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Cheque and Credit Clearing Company
Information by Research TrustFinance
The Cheque and Credit Clearing Company Limited (C&CCC) was established in 1985 and has historically managed the cheque clearing system in Great Britain. Its primary role is to oversee the infrastructure and rules for the exchange and settlement of cheques and credits between UK financial institutions. In 2018, C&CCC, along with Bacs and Faster Payments, became a subsidiary of the new UK retail payments authority, Pay.UK. While the legal entity still exists, its functions, including the management of the paper and digital (Image Clearing System) cheque processing systems, are now operated by Pay.UK.
United Kingdom
Industry
Financial