A cheque is a document that orders the payment of money from one party to another. It contains information about the drawer (issuer), payee (recipient), drawee (financial institution), amount, and signature. There are different types of cheques such as nominal, to order, nameless, transfer, cash, traveller's, and crossed cheques. The process for cheque clearing has time limits that vary depending on whether the cheque was issued within one country, continent, or multiple countries.

2. A cheque or check is a piece of paper (usually)
that orders a payment of money.

3.  Drawer, the person or entity who makes
the cheque
 Payee, the recipient of the money
 Drawee, the bank or other financial
institution where the cheque can be
presented for payment
 Amount, the currency amount

4. Parts of a cheque based on a UK example:
1. drawee, the financial institution where the cheque can be presented for
payment
2. payee
3. date of issue
4. amount of currency
5. drawer, the person or entity making the cheque
6. signature of drawer
7. Machine readable routing and account information

5.  Nominal Cheque
 Cheque to Order
 Nameless Cheque
 Transfer Cheque
 Cash Cheque
 Traveller’s Cheque
 Crossed Cheque
 Certified Cheque

6. 1
Beneficiary Drawer
2 6 4
5
Collecting
Paying Bank
Bank
3

7.  The time limit for process (according to ULC)
- 8 days for cheque issued in one country
- 20 days for cheque issued in countries which belong
to one continent
- 70 days for cheque issued in many countries
 The valid time
- one year valid
(According to the Law of Transfer Tools issued on 2005
in Vietnam)
Note: - The time limit for process: 30 days
- The valid time: 6 months