Paper-based Exchange Centre - CEPC
which has translated the truncation of the last non-automated means of
payment, is accompanied by the circulation of certain
cheques for which a
complete verification by the bank being drawn upon proves to be
In April 2000, the Paris Financial community entrusted the GSIT with
the responsibility for processing circulating cheques. A new function
was created: manager of the CEPC (Paper-Based Cheque Exchange Centre).
The CEPC held its first exchange session on 15 October 2001.
The daily volumes of circulating cheques represent under 2% of the
total number of Truncated Cheques, i.e. at the most 220,000