The Cheque and Credit Clearing Company is a private, not-for-profit company limited by shares. It is a wholly owned subsidiary of Pay.UK. 

The oversight, systemic risk management and strategic direction of the running and managing of the cheque paper and cheque image clearing systems was handed over to the board of Pay.uk as the System Operator on 18th July 2018.  All payments continue to be processed as usual as the C&CCC will continue to support the paper clearing system for cheques and credits and the recently launched Image Clearing System (ICS).

HM Treasury has designated the payment system known as Cheque and Credit as a regulated payment system for the purposes of Part 5 on the Financial Services (Banking Reform) Act 2013.  This means that the Cheque, Credit and Image Clearing systems are regulated by the Payment Systems Regulator (PSR).

The cheque and credit paper clearing system (PCS) and the cheque Image Clearing System (ICS) are each designated systems under the Financial Markets and Insolvency (Settlement Finality) Regulations 1999 (FMIR).

Pay.UK is recognised as the System Operator of these regulated payment systems.

Management Team

The management team is led by Tim Everest, General Manager and his management team…
board of directors

Board of Directors

The Board of Directors, led by independent Chair Richard Anderson, oversee all activities in the C&CCC.
making notes

C&CCC Board Minutes

View the minutes from past C&CCC Board meetings.
yellow pipe

Regulatory Landscape

C&CCC monitors the regulatory landscape to ensure their legal and regulatory framework evolves with this.
responses to consultations

Our Responses to Consultations

C&CCC responds to consultation papers issued by regulators and government agencies.

Our Consultations

C&CCC consultations explore issues facing the cheque and credit clearing landscape.
our policies

Our Policies

Find out about how C&CCC supports the principles of openness and transparency.
Cheque and Credit Clearing Company

Articles of Association

Find out about the provisions regarding the constitution of the company.

Contractual Frameworks

Rules setting out the rights, duties and responsibilities of participants, and for agency bank relationships.

Participate in the System

Find out about how to participate in the clearing system.