Module: | CTS & Positive Pay Framework
Q19: In an image-based clearing system, which entity holds the final responsibility for validating the drawer's signature and ensuring the sufficiency of funds before payment?
✅ Correct Answer: C
While the Presenting Bank scans the cheque, the Clearing House routes the images.
It remains the strict responsibility of the Drawee Bank (the payer's bank) to validate the signature, technical details, and fund availability using the received image.
It remains the strict responsibility of the Drawee Bank (the payer's bank) to validate the signature, technical details, and fund availability using the received image.