Currency Clearing Totals 2010

2009 2010 % change
Inter-Bank items
VOLUME (000's) 57 48 -17%
VALUE ($ millions) 1,166 878 -25%
AVERAGE DAILY VOLUME (000's) 0.2 0.2 -17%
PEAK DAILY VOLUME (items) 505 465 -8%
AVERAGE DAILY VALUE ($mns) 4.6 3.5 -25%
AVERAGE VALUE PER ITEM ($) 20,340 18,386 -10%

These figures represent items exchanged between the five C&CCC Member banks that participate in the currency clearing.  These are known as inter-bank items.

The currency clearing currently processes only cheques drawn in US Dollars payable in London but could include cheques drawn in any currency, other than sterling or euro, should the need arise.