TAILIEUCHUNG - Lecture Retail and merchant banking – Lecture 23

After studying this chapter you will be able to understand: What are the main negotiable instruments are? Cheque, types of cheques, bearer cheque, anted – dated cheque, stale cheque, mutilated cheque, post-dated cheque, parties to a negotiable instruments,. | Revise Lecture 23 What are the main negotiable instruments are? Negotiable Instrument The main negotiable instruments are;\ Promissory notes Bill of exchange Cheques CHEQUES Cheques A cheque is a negotiable instrument instructing a financial institution to pay a specific amount of a specific currency from a specific demand account held in the maker /depositor’s name with that institution. Actually a cheque is an order by the account holder of the bank directing his banker to pay on demand, the specified amount to the order f the person named therein or to the bearer. Cheques The use of bills of exchange facilitated trade by eliminating the need for merchants to carry large quantities of currency to purchase goods and services. Cheques Cheques generally contain; Place of issue Cheque number Date of issue Payee Amount of currency Cheques 6. Signature of the drawer 7. Routing / account number 8. Fractional routing number A cheque is generally valid indefinitely or for six months after .

• Marketing - Bán hàng
• Merchant banking
• Retail banking
• Lecture Retail and merchant banking
• Banking system
• Negotiable instruments
• Bearer cheque
• Public issue management
• History of Banking
• Banking system in Pakistan
• Pakistan Banking
• History of Pakistan Banking
• Branch banking
• Unit banking
• Group Banking
• Universal banking
• Asset management banking
• Basic lending principles
• Venture capital
• Financial services
• Project cost
• Profitability management
• Safety Issues
• Classification of loans
• Lending policies
• Evaluation of loan proposals
• Discounting of bills
• Negotiable instrument
• Promissory notes
• Types of cheques
• Mutilated cheque
• Banker’s right
• Deposit account
• Types of deposit account
• Categories of securities issue