Endorsement on Bills of Exchange
Posted: Wed Jul 02, 2008 1:00 am
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
Is it required by ZZZ bank to endorse the B/E and then forward it to the issuing bank ?
Shahed