NATTA had a meeting with Mr. Neelesh Man Singh Pradhan, CEO and Mr. Vivek Giri, Business & Product Development Officer of Nepal Clearing House Ltd. on September 1st at NATTA Secretariat.
In the meet, Mr. Pradhan shared an insight about Electronic Cheque Clearing (NCHL-ECC) and Interbank Payment System (NCHL-IPS), the national payment systems that are currently in operation. Nepal Clearing House Ltd (NCHL) has been established with an objective of automating the process of cheque clearing which was earlier being done manually through Nepal Rastra Bank (NRB). NCHL informed that this facility would reduce Goods for Payment cost for IATA Members in payment of Bill Settlement Plan (BSP).
Mr. Madhusudan Acharya, President of NATTA thanked NCHL for the professional service and hoped this would also be an effective tool for IATA Members in their business transaction procedure.
Similarly, Mr. D.K Sharma, 2nd VP, Mr. Chitra B. Gurung, Treasurer and Mr. Yubaraj Subedi, Executive Member inquired about the system and expressed their views.