Giro Credit Transfer Systems

Foreword

Preface

Author's Note

Acknowledgments

Chapter One


1.1. The Origin and Extent of Giro Systems


1.2. A Foundation for National Efficiency


1.3. The Appeal to Developing Countries


1.4. The Universal Postal Union International Giro Agreement


1.4.1. Europe


1.4.2. Africa


1.4.3. America


1.4.4. Asia


1.5. International Trade


1.6. The British Post Office as a Financial and Economic Institution


1.6.1. The Effects on the National Economy of the Post Office as a Government Economic Institution


1.6.2. The Reaction of Post Office Policy on National Efficiency


1.6.3. The International Implications of Britain Having a Different Type of Monetary Transmission System


1.7. The Progress Towards Establishing a British Post Giro System

Chapter Two


2.1. The Economics of British Monetary Transmission Systems


2.1.1. Banking Processes and Costs


2.1.2. Cheque Stamp Duty


2.1.3. Bank Mechanization


2.1.4. Bank Credit Transfers


2.1.5. Trustee Savings Banks


2.1.6. Present Needs


2.2. The Remitter's Administrative Charges


2.2.1. The Cost of Office Overheads


2.2.2. The Hourly Cost of a Senior Executive


2.2.3. The Hourly Cost of a Secretary


2.2.4. The Cost of Visiting Banks and Post Offices


2.2.5. The Cost of Waiting


2.2.6. The Average Cost of Writing a Letter


2.2.7. The Cost of Stationery


2.2.8. The Cost of Postage for 1 Letter


2.2.9. The Total Cost of Preparing and Dispatching 1 Letter


2.3. The Beneficiary's Administrative Charges


2.3.1. The Cost of a Receipt


2.4. Loss Contingency Charges


2.4.1. The Loss of a Bank Cheque


2.4.2. The Loss of a Post Office Savings Bank Warrant


2.4.3. The Loss of a Credit Transfer


2.4.4. The Loss of a Post Office Money Order


2.4.5. The Loss of a Postal Order


2.5. Money Transmission Costs


2.5.1. By Commercial Bank Cheque


2.5.2. By Commercial Bank Credit Transfer


2.5.3. By Post Office Savings Bank Warrant


2.5.4. By Post Office Savings Bank Periodic Payment


2.5.5. By Post Office Money Order


2.5.6. By Postal Order


2.6. Some Examples of the Cost of Operating British Monetary Transmission Systems


2.6.1. Transmission by Bank Cheque


2.6.2. Transmission of £78. 6s. 3d. by Post Office Money Order


2.6.3. Transmission of 5s. 0d. by Postal Order


2.7. Internal Accountancy Charges


2.8. Who Profits by Halting Progress?

Chapter Three


3. A Typical Comprehensive Giro System: Sweden's Post and Bank Giros


3.1. A General Survey of the Post Giro System


3.1.1. Financial Control


3.1.2. The Commercial, Economic and Social Effects


3.1.3. The Basic Ingredients


3.1.4. The Automation of Monetary Transmission


3.1.5. The Minimization of Form-Filling and Checking


3.1.6. Safe and Cheap Transfers for All


3.1.7. Security


3.1.8. The Post Giro Headquarters


3.1.9. The Swedish International Giro Service


3.1.10. Giro Payment of Salaries and Wages


3.1.11. Interest-Earning Capital Investment Accounts


3.1.12. Post Office Savings Bank Accounts


3.1.13. Other Facilities


3.1.14. Public Relations


3.1.15. How an Application is Made for an Account


3.1.16. Names for Forms


3.1.17. How a Non-Account-Holder Pays in Cash to an Account Holder


3.1.18. How a Giro Account Holder Recipient of a Giro In-Payment Form Can Change It into a Giro Postal Cheque


3.1.19. How Giro Account Holders Transfer Credit Between Each Other


3.1.20. How a Giro Account Holder Arranges Collective Transfers to Other Account Holders


3.1.21. How a Giro Account Holder Makes Payments to Non-Account-Holders


3.1.22. How a Giro Account Holder Can Have Giro Postal Orders and Postal Money Orders Credited to His Account


3.1.23. How a Giro Account Holder Collects Payment for Cash-on-Delivery Packets


3.1.24. How a Giro Account Holder Pays Cash into His Own Account


3.1.25. How a Giro Account Holder Obtains Cash Payment from His Own Account


3.1.26. How a Giro Account Holder Can Expedite Transactions


3.1.27. How a Giro Account Holder Can Pay Taxes Through the Service


3.1.28. How a Giro Account Holder Obtains Credit for a Commercial Cheque or Bill of Exchange


3.1.29. How a Giro Account Holder Obtains Bankers' Order Facilities


3.1.30. How a Giro Account Holder Can Confirm His Balance of Account


3.1.31. How a Giro Account Holder Opens a Post Office Savings Bank Giro Account


3.1.32. How a Giro Account Holder Can Arrange Payment of Salaries and Wages by Giro


3.1.33. How a Giro Account Holder Can Make Payments Abroad


3.1.34. How a Giro Account Holder Receives Payments from Abroad


3.1.35. How a Foreign-Based Giro Account Holder Can Operate a Swedish Account


3.1.36. The Organization of Post Giro Administration


3.2. A General Survey of the Bank Giro System


3.2.1. A Free Ancillary Service for Bank Account Holders


3.2.2. The Growth of the Service


3.2.3. The Services Offered


3.2.4. How a Remitter Transmits Payment in Cash to a Bank Giro Account Holder


3.2.5. How Bank Giro Account Holders Transfer Credits Between Each Other


3.2.6. How a Bank Giro Account Holder Transfers Credit for a Cash Payment


3.2.7. The Organization of the Service

Chapter Four


4. Mechanization: Keeping Giro Operating Costs Down


4.1. Developments in Holland


4.2. Automatically Legible Giro Forms


4.3. Vocabulary


4.4. The Organization of the Post Giro Clearing Office


4.4.1. The Preparation Department


4.4.2. The Current Account Department


4.4.3. The Checking Department


4.5. The Daily Operation of the Service


4.5.1. Preparation


4.5.2. The Current Account Department


4.5.3. The Checking Department

Chapter Five


5. The World of Giro Systems: A Survey of Countries


5.1. Sources of Information


5.2. Countries


5.2.1. Algeria


5.2.2. Austria


5.2.3. Belgium


5.2.4. Cameroon Republic


5.2.5. Central African Republi


5.2.6. Chad Republic


5.2.7. China (Formosa)


5.2.8. Congo Republic


5.2.9. Dahomey Republic


5.2.10. Denmark


5.2.11. Faroe Islands


5.2.12. Finland


5.2.13. France


5.2.14. Gabon Republic


5.2.15. East Germany


5.2.16. West Germany


5.2.17. Greenland


5.2.18. Holland


5.2.19. Indonesia


5.2.20. Israel


5.2.21. Italy


5.2.22. Ivory Coast


5.2.23. Japan


5.2.24. South Korea


5.2.25. Liechtenstein


5.2.26. Luxembourg


5.2.27. Madagascar


5.2.28. Mali Republic


5.2.29. Mauritania Republic


5.2.30. Monaco


5.2.31. Morocco


5.2.32. New Caledonia


5.2.33. New Guinea


5.2.34. Niger Republic


5.2.35. Norway


5.2.36. San Marino


5.2.37. Senegal Republic


5.2.38. Sweden


5.2.39. Switzerland


5.2.40. Togoland


5.2.41. Tunisia


5.2.42. United Arab Republic (Egypt)


5.2.43. Upper Volta Republic


5.2.44. Vatican State

Chapter Six


6. Planning a Giro System: Some Basic Considerations


6.1. Parliament and the Giro System


6.2. What is a Giro System?


6.2.1. A British Post Giro System


6.3. The Scope for New Applications


6.4. The Immediate Question

Bibliography


1. British and Commonwealth Publications


1.1. The Accountant


1.2. The Banker


1.3. The Daily Telegraph and Morning Post


1.4. The Economist


1.5. The Financial Times


1.6. The Guardian


1.7. Government Publications


1.8. Industrial Bankers' Association


1.9. New Zealand


1.10. Journal of the Savings Bank Institute


1.11. The Times


1.12. Banks' Publications


1.13. Transport and General Workers Union Record


1.14. The Sub-Postmaster


1.15. London Town


1.16. Socialist Commentary


1.17. The Chartered Secretary


1.18. Bank Officer


1.19. Local Government Finance


1.20. Giro—Europe's Wonder Bank


1.21. Requirements for Automatic Cheque Processing


1.22. International Accountants Journal


2. Oversea Publications


2.1. The Universal Postal Union, Berne


2.2. Austria


2.3. Belgium


2.4. Finland


2.5. France


2.6. West Germany


2.7. Holland


2.8. Italy


2.9. Grand Duchy of Luxembourg


2.10. Sweden


2.11. Switzerland

Index