<Li> Directional routing number--also known as the transit number, consists of a denominator mirroring the first four digits of the routing number, and a hyphenated numerator, also known as the ABA number, in which the first part is a city code (1--49), if the account is in one of 49 specific cities, or a state code (50--99) if it is not in one of those specific cities; the second part of the hyphenated numerator mirrors the 5th through 8th digits of the routing number with leading zeros removed . </Li> <P> A draft in the US Uniform Commercial Code is any bill of exchange, whether payable on demand or at a later date . If payable on demand it is a "demand draft", or if drawn on a financial institution, a cheque . </P> <P> The electronic cheque or substitute cheque was formally adopted in the US in 2004 with the passing of the "Check Clearing for the 21st Century Act" (or Check 21 Act). This allowed the creation of electronic cheques and translation (truncation) of paper cheques into electronic replacements, reducing cost and processing time . </P> <P> The specification for US cheques is given by ANSI committee X9 Technical Report 2 . </P>

How many types of cheque do we have