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Endorsement on Bills of Exchange

Posted: Wed Jul 02, 2008 1:00 am
by Shahed
Bill of Exchange signed by the drawer, XXX drawn on issuing bank, YYY and instruct PAY TO THE ORDER OF ZZZ (beneficiary's bank/negotiating bank).

Is it required by ZZZ bank to endorse the B/E and then forward it to the issuing bank ?

Shahed