12.10.1
All cheques to customers must be crossed, unless:—
(1) the payee customer requests otherwise in writing; and
(2) a senior management staff independent of sales or dealing of a Trading Member, or a senior management staff of a related corporation of that Trading Member charged with the payment function, authorises in writing the request.
12.10.2
A Trading Member must not accept a house cheque (a crossed cheque issued by the Trading Member in favour of a customer) from a customer unless:—
(1) the customer is the payee of the cheque; and
(2) the cheque is used to settle an amount owing by the customer to the Trading Member or is deposited into a trust account under Rule 12.11, as directed by the customer.