Cheque Codeline Clearing with Cheque Truncation (CCC) is a process of clearing cheques electronically whereby the physical movement of the cheque is stopped or truncated at the point of deposit for value (depository bank) and replaced by its captured image and MICR codeline data for the rest of the clearing process.
The CCC system processes different clearing types. Each clearing type has a separate clearing window known as a clearing session. For cheque clearing there is one presentment clearing session and one corresponding return clearing session per day.
