- Consultation auprès des Canadiens et des Canadiennes -


Informations archivées

Les informations archivées sont fournies aux fins de référence, de recherche ou de tenue de documents. Elles ne sont pas assujetties aux normes Web du gouvernement du Canada et n'ont pas été modifiées ou mises à jour depuis leur archivage. Pour obtenir ces informations dans un autre format, veuillez communiquez avec nous.

Présentation de « Treasury Management Association of Canada » en réponse à la consultation sur l’Examen de 2006 de la législation du secteur financier du ministère des Finances Canada : 

Dans le cadre des consultations, les personnes intéressées peuvent faire des observations sur ce site dans les deux langues officielles ou dans la langue officielle de leur choix. Les observations affichées sur le site de Finances Canada le sont dans la (ou les) langue (s) dans laquelle (lesquelles) elles ont été reçues.

Mr. Gerry Salembier
Director, Financial Institutions Division
Financial Sector Policy Branch
Department of Finance
L'Esplanade Laurier
20th Floor, East Tower
140 O'Connor Street
Ottawa, ON    K1A 0G5

e-mail: finlegis@fin.gc.ca

Dear Mr. Salembrier,

We are writing in response to the Government's invitation, in Annex 6 to its budget documents, for comments on allowing financial institutions to electronically process cheque images in place of paper cheques. With this letter, the Treasury Management Association of Canada (TMAC) is pleased to offer strong support for modernizing Canada's cheque clearing process through image technology, as proposed by the Canadian Payments Association.

By way of introduction, TMAC is a federation of fourteen chapters across Canada with a membership of approximately 1,350 members, most of whom work in the financial services industry. TMAC offers highly regarded financial seminars, both in classrooms and on-line, and an annual conference and trade show, to treasury and financial professionals at all levels in every sector of the Canadian economy. Through monthly chapter meetings and our unique annual conference and trade show which attracts some 650 attendees each year, we promote the exchange of ideas and solutions to the challenges facing Canada's corporate treasury officers in every financial institution in the country. TMAC also publishes a bi-monthly national magazine, Canadian Treasurer, with a circulation of approximately 5,400 per issue. 

We consider the CPA's cheque imaging initiative will offer the following benefits to our members:

  • It will significantly improve the efficiency of Canada's current cheque processing system
  • Image technology will foster new services and increase convenience for Canadians
  • It will provide a faster and more efficient process for reconciling accounts
  • It will result in faster notification of returned items
  • The detection of fraud will be enhanced  through accelerated access to images 
  • Immediate access to electronic images will significantly reduce response times for customer inquiries
  • The CPA's cheque imaging initiative will enable Canada to keep pace with other  international clearing systems and to reinforce  the positive perception of Canada's competencies in world markets.

In summary, TMAC supports the CPA's recommendations for amendments to the Bills of Exchange Act to facilitate a modernization of Canada's cheque clearing process. The CPA has made a number of presentations to our chapters across the country over the past year. In every instance, the response to the proposed changes in the current clearing system has been most positive. Based on this feedback from our members, TMAC believes that the CPA's cheque imaging initiatives will be of significant benefit to Canada's corporate and consumer communities.


Blair McRobie
Executive Director

Treasury Management Association of Canada (TMAC)
8 King Street, East, Suite 1010
Toronto, ON  M5C 1B5

Tel; 1 800 449 8622