Inward Check Clearing in Cambodia

Inward check clearing refers to the activity of clearing the house check at national bank's clearing house with other banks. We receive our house check back from clearing house in the morning and take some step for clearing with our system of a bank.

Those several tasks to do for inward check clearing  as the following:

• Verify check on amount in letter and in number, signature, clearing seal at the back of check, check date (less than 6 months);
• Sign on USD/KHR papers and take one back to giving bank;
• Sign on PPC 002 USD/KHR and submit to clearing house;
• Coming back to bank, check customer signature whether it is right. Check balance to make sure it is enough for withdrawal;
• Data entry to recording clearing system of a bank if no problems related to balance or customer's signature;
• Then get authorized from head of settlement;
• Download consolidated file from NBC's website;
• Upload consolidated file to interface;
• Export to Export Return
• Upload return to NBC's website
• Go to NBC to get PPC 002 USD/KHR at clearing house in the afternoon.

By: POK Panhavuth