Banking and securities law
Bills of exchange and cheques: which securities can be discounted by your bank?
By Charlotte GAUCHON30 April 2025Your company raises receivables from its bank, but not all securities are accepted for discounting. The nature of the instrument - bill of exchange, promissory note, cheque - determines the guarantees offered to the bank and the risks you assume. Here's how to distinguish between eligible instruments and the rules of exchange law that apply to them.
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