The history of credit Sep 24, 2008
The bill of exchange the forerunner of banknotes was established in the 14th century. Debts were settled by one-third cash and two-thirds bill of exchange. (iAfrica.com)
SEZs run into stamp duty wall Jun 9, 2008
The stamp duty rates prescribed by 00004000 Parliament in respect of bill of exchange, cheques and transfer of shares will prevail all over India ... The stamp duty rates prescribed by Parliament in respect of bill of exchange, cheques and transfer of shares will prevail all over India. (India Times)
Irwin sued for $2.5m Mar 5, 2008
Welcome to The Sydney Morning Herald. March 5, 2008 - 3:50PM. (Sydney Morning Herald)
Terri Irwin faces Victorian legal battle Mar 5, 2008
March 5, 2008 - 3:59PM. Steve Irwin's widow Terri is facing a gruelling legal fight against a multi-million dollar lawsuit involving a complex loan deal with an offshore bank. (Sydney Morning Herald)
Actor Snipes facing tax fraud charges Jan 11, 2008
Snipes on three occasions sent the U.S. Treasury what prosecutors called a "fictitious bill of exchange" totalling $14 million along with IRS payment vouchers, and at other times sent notices and a letter challenging the IRS' authority to criminally investigate. In response, the IRS warned Snipes that his refund claims and correspondence were frivolous. (Globe and Mail)
Sinoenergy Corporation Announces Results for the Three and Nine Month Periods Ending September 30, 2007 Jan 1, 2008
2 million of restricted cash, representing a deposit for a bill of exchange in the same amount issued in connection with a purchase of materials by the Company. Working capital as of September 30, 2007 was $24. (PR Newswire)
Collecting on Exports Nov 23, 2007
The sales contract stipulates payment via documents shipping documents and a bill of exchange as either document against payment or document against acceptance ... Letters of Credit are similar to Documentary Credit with the added assurance that the opening bank guarantees that the seller s Draft or Bill of Exchange will be honoured if all the terms and conditions of the credit are met by the seller. (Suite101.com)
MNC, local banks eye stake in Global Trade Jun 22, 2007
The domestic bill of exchange is at $366 billion while exports from the country was at $125 billion. A part of this export business will also be available for the factoring business. (India Times)
Arthur Krystal on duelling Mar 8, 2007
Taken aback by Morgan s decision not to honor a bill of exchange, Landale, understandably, took his business elsewhere. Morgan, out of spite, then spread rumors about Landale s financial stability, which prompted Landale to write an indignant letter to the Bank of Scotland. (New Yorker)
Group indicted on fraud, conspiracy charges Dec 4, 2006
Checks are the most common type of bill of exchange, but other types are used in international trade. "Drawing such drafts on the U.S. Treasury is fraudulent and a violation of federal law," the Treasury site said. (Mail Tribune, OR)
HSBC customizes services for small firms Nov 22, 2006
Sohn had pre-received the payment for the order in return for a bill of exchange issued by the importer's bank ... In most cases involving the bill of exchange, Sohn would have had to return the pre-payment it received ... Forfeiting protects the exporter from the possible damages or risks involving overseas transactions on promissory notes or a bill of exchanges. (Korea Herald, Korea)
Press Release: IMF Warns Of Fraudulent E-Mails and Financial Scams Misusing Its Name Jul 15, 2006
The IMF does not issue or guarantee any obligations called "Prime Bank Notes," "Prime Bank Guarantees," "Bill of Exchange" or the like, nor does it extend any credit lines through commercial banks or other agencies. Moreover, the IMF does not guarantee debentures or other financial instruments issued by a member country or any other entity. (IMF News)
