Singapore legislation

Regulation 3

of Bills of Exchange (Cheque Truncation) Regulations

Regulation 3

Electronic payment information

For the purposes of section 87A of the Act and regulation 4, the electronic payment information of any cheque or instrument shall comprise the following:

(a)

the unique identification number which is assigned to the cheque or the instrument for the purposes of presentment by electronic means;

(b)

the code which identifies the banker on whom the cheque or the instrument is drawn; and

(c)

the amount of the cheque or the instrument as entered by the drawer of the cheque or the instrument.