


trading
reference




location A

person 1
person 2
person 3




location B

person 4
shoe box 1 (person 1)
shoe box 2 (person 2)






1.

person 1 writes name of person 2 and amount of payment on a cheque


cheque details
	person 1 (payer)
	person 2 (payee)
	amount $20
	

must already have a cheque with them for immediate exchange, otherwise delivery of item after cheque clearing




2.

person 1 gives the cheque to person 2


person 2 gives the item to person 1




3.

person 3 takes the cheque to location B



4.

person 4 transfers the amount of cash specified on the cheque between the boxes specified on the cheque

$20 transferred from shoe box 1 to shoe box 2



5.

person 3 returns to location A




postal services, banking in branches, 2-days clearance of personal cheques, immediate bank cheques

bank cheques immediate exchange, personal cheques delivery of item after cheque has cleared

cleared: 2 days time until pass/fail returned on the transfer of funds

