A. Cheques
(Explanatory Notes)
This return [XLS 30K] collects statistics on the usage of paper-based payment instruments (cheques). The reporting period runs to the last day of the calendar month; stock items, such as the number of accounts/facilities are to be reported as at the last day of the month.
The issuer of a customer cheque is responsible for completing the return. The issuer is the institution that provides a cheque account/facility to its personal or commercial customers. Financial institutions that provide cheque book access to their customers, where the cheques are drawn on another institution (i.e. through a cheque issuance facility), are to report as the issuer of these cheques in the agency column. Institutions on which agency cheques are drawn do not report these cheques.
The issuer of a financial institution cheque (i.e. historically known as a ‘bank cheque’) or money order is also responsible for completing section A.2 of the return.
Definitions of the terms used in this return are provided below.
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A.1 Customer Cheques
| Personal | Cheques written by personal customers of the reporting institution that are drawn on that institution. |
|---|---|
| Commercial | Cheques written by commercial customers of the reporting institution that are drawn on that institution. Includes cheques used to withdraw cash. |
| Agency | Cheques written by personal or commercial customers of the reporting institution but drawn on another institution. |
| Number of cheque accounts/facilities | Accounts/facilities that provide access to a cheque book, excluding accounts held by another institution to facilitate an agency arrangement, as at the last day of the month. |
| Transactions | Own ('on-us') – Customer cheques drawn on the reporting institution, that are presented and banked/cashed at the reporting institution. |
| Cleared inwards – Customer cheques drawn on the reporting institution that are presented and banked/cashed at another institution. |
A.2 Financial Institution Cheques
| Financial Institution Cheques | Cheques drawn by an institution on itself or on the issuing institution’s own account with the drawee bank. |
|---|---|
| Transactions | Own ('on-us') – Financial institution cheques or money orders that are presented and banked/cashed at the reporting organisation. |
| Cleared inwards – Financial institution cheques or money orders that are presented and banked/cashed at an organisation other than the reporting organisation. |
Please send an electronic version of the completed return to payments@rba.gov.au.
