Clearing Service Representative.
Receipt and coordination of other Banks’ Cheques and financial instruments collected across the counter by Branches for clearing purposes.
Presentation of the collected financial instruments to owner Banks in the clearing house.
Collection of our instruments for inward processing from other Banks in the clearing house.
Debiting of Customers’ accounts and remittance of funds into Cash and Clearing Items GL account for subsequent electronic transmission purpose.
Electronic receipt of transmitted items from other Banks and benchmarking same with the value of presented items.
Online debit of returned instruments and dissemination of same to originating Branches.
Periodic reconciliation of Cash and Clearing Items.