Cheque & Credit Clearing Value Totals

VALUE (£millions)

Inter-bank items

2006

2007

change

Total cheques

1,171,062

1,156,684

-1.2%

Total euro debits

3,125

2,988

-4.4%

Total credits

59,741

57,699

-3.4%

Inter-bank paper clearings

1,233,928

1,217,370

-1.3%

Inter-bank items are exchanged between GB settlement banks

Euro debits are cheques denominated in euro processed through the GB clearings

Values for euro items are given as sterling equivalents

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