Cheque & Credit Clearing Values

VALUE (£millions)

Inter-bank items

2007

2008

change

Total cheques

1,156,684

1,075,694

-7.0%

Total euro debits

2,988

2,997

0.3%

Total credits

57,699

51,888

-10.1%

Inter-bank paper clearings

1,217,370

1,130,579

-7.1%

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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