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Bills of exchange are used to a very limited degree today.
Also note that the bills of exchange are drafted utilizing several phrases and so, in some of them it says: "As soon as you receive or read the present [document]," or some such sentence.
Companies that are supplying goods abroad on a regular basis or are simply dealing with a large ad hoc transaction in-volving a non-UK customer should look into the method of payment by bills of exchange, with a view to taking some of the risk out of their business.
The chapters on bills of exchange provide the most lucid explanation in any language of these complex financial instruments.
- Registered bill of exchange with a bills of exchange in the amount of 5% of the value
Meanwhile, inspectors Naveed Ahmed and Waseem Dar arrested four suspects Azhar, Sufian, Noman and Ammar who were running business of illegal bills of exchange in Kamoke, Sialkot and Gujranwala and recovered Rs1.3m and photocopies of identity cards.
Securities and Exchange Commission, affirmed the National Short-Term Rating on ESSO (Thailand) Public Company Limited's (Esso) bills of exchange revolving programme of up to THB12 billion at 'F1(tha)'.
Another problem is the backlog of checks and bills of exchange that cannot be paid, meaning that business transactions worth an estimated 6 billion euros have been frozen.
Exchanging for bills of exchange is illicit when more than the fair salary is taken or less than the fair salary is given for lending on credit or advancing, and restitution is required ...
The bills of exchange for $3.78 billion were issued by a Kazakh company, said Baktugyl Jeenbaeva, Chair of the National Bank of Kyrgyzstan, at the press conference today in Bishkek.It is probable that the bills of exchange may be void.
signed by the bills of exchange, in the amount of 5% of the contracted value of the purchase without the calculated VAT,