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In May 2005 the task force announced that an agreement had been reached to reduce clearing times for phone, Internet and standing order payments. [19] This committed the payments services industry to develop a system able to clear automated payments in no more than half a day – the so-called ELLE model – resulting in payment being received the same day if made sufficiently early.
Coutts & Company [4] (/ ˈ k uː t s /) is a British private bank and wealth manager headquartered in London, England.. Founded in 1692, it is the eighth oldest bank in the world. ...
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The Cheque and Credit Clearing Company Limited (C&CCC) is a UK membership-based industry body whose 11 members are the UK clearing banks.The company has managed the cheque clearing system in England and Wales since 1985, in all of Great Britain since 1996 when it took over responsibility for managing the Scottish cheque clearing as well, and in the whole of the United Kingdom since the ...
The Royal Bank of Scotland International, trading as NatWest International, RBS International, Coutts Crown Dependencies and Isle of Man Bank, is the offshore banking arm of NatWest Group. It provides a range of services to personal, business, commercial, corporate and financial intermediary customers from its base in the Channel Islands.
Sir David Burdett Money-Coutts KCVO (19 July 1931 – 25 June 2012) was an English banker, the seventh generation of the Coutts banking family. He was managing director of Coutts bank from 1970 and chairman from 1976 to 1993. Money-Coutts was known as a reserved character with an eye for detail. He was a practical man.