Financial Documents

Bill of Exchange
Place & date of execution …………………(1)…………….…… (2) .
At/On …………………(3)…………….……, for value received, pay against this draft
to the order of ………………………….……(4)…..…………………...……………...
the sum of
…..…………………...……………...(5)…..…………………...……………...
effective payment to be made in …………(6)…………… without deduction for and free of any present or future taxes, impost, collection charges, levies or duties of any nature.

This draft is payable at …………………(7)…………….……

Drawn on: ……………………(9)……………………
…..……………(8)………………..
By

A Draft/Bill of Exchange should be filled out as follows:

(1) The Issue Date and the Name of the City and Country in which it was issued

(2) The Amount in Numbers of each Draft

(3) The Maturity Date or Tenor for each Draft

(4) The Draft will be issued to the order of Name of Exporter, which is normally also the Drawer (see (9)).

(5) The Amount in Words

(6) Effective Payment to be made in Name of Currency

(7) Each Draft is payable at Name of Domicile Bank (who will present the Draft and collect payment from the Drawee at Maturity), with their Location

(8) Box on the bottom will have the Name and full Address of the Drawee

(9) The blank area to the right of the box would contain the Name of the Drawer and the signature(s) of the authorized individual(s) who are drawing the Draft on behalf of the exporter, thereby demanding acceptance and ultimate payment

(10) This area, labeled “Accepted,” will have the authorized signature(s) of the Drawee and indicate the Maturity Date

(11) If the draft is to be accepted and also guaranteed, the Guarantor Bank will indicate their name and sign “Per Aval.” (The Guarantor Bank will normally also be the Domicile Bank (see (7)).)

Promissory Note

Place & date of execution …………………(1)…………….…… (2) .
On …………………(3)…………….……, the undersigned, for value received, promise(s) to
pay to the order of ………………………….……(4)…..…………………...……………...
the sum of
…..…………………...……………...(5)…..…………………...……………...
effective payment to be made in …………(6)…………… without deduction for and free of any present or future taxes, impost, collection charges, levies or duties of any nature.

This note is payable at …………………(7)…………….……

……………………(8)……………………

By




A Promissory Note should be filled out as follows:

(1) The Issue Date and the Name of the City and Country in which it was issued

(2) The Amount in Numbers of each Note

(3) The Maturity Date of each Note.

(4) The Note will be issued to the order of Name of Payee.

(5) The Amount in Words.

(6) Effective Payment to be made in Name of Currency

(7) Each Note is payable at Name of Domicile Bank (who will present the Note and collect payment from the Maker at Maturity), with their Location

(8) This area would contain the Name of the Maker and the signature(s) of the authorized individual(s) who are signing for the Maker, thereby promising to pay

(9) If the draft is to be guaranteed, the Guarantor Bank will indicate their name and sign “Per Aval.” (The Guarantor Bank will normally also be the Domicile Bank (see (7)).)