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Straight Through Processing (STP)
What is Straight Through Processing (STP)? Straight through Processing is a mechanism that automates the end to end processing of transactions of financial instrument. It involves use of a system to process or control all elements of the work flow of a financial transaction. In other Words, STP allows electronic Read More →
Legal Law & Act | Equity Shares with Detachable Warrant
Get the legal law & act information : What is Equity shares with detachable warrants? In equity shares with detachable warrant, the holder of the warrant is eligible to apply for the specified number of shares on the appointed date at the pre-determined price. These warrants are separately registered with Read More →
Negotiable Instrument
Q. What is Negotiable Instruments and what are its Characteristics ? Negotiable instrument means a document in writing which creates a right in favour of some person and which is freely transferable by delivery e.g. Promissory note, bill of exchange, cheque etc. Characteristics: Negotiability - A document is negotiable if it can be transferred Read More →
Difference between Promisory Note and Bill of Exchange ( PE & BOE)
Q. What are the difference between Promisory Note and Bill of Exchange? There are 3 parties in BOE i.e. drawer, drawee and payee but in case of PN there are only 2 parties i.e. maker and payee. In case of PN maker can’t be payee but in case of BOE drawer can Read More →
Bearer, Order, Inland and Foreign Instrument
Q. What is Bearer, Order, Inland and Foreign Instrument? Bearer: Any person who is holder of the bearer instrument can obtain the payment of the instrument. Order Instrument: An instrument which is expressed to be payable to a particular person and does not contain words prohibiting transfer are order instrument. Read More →
Promissory Note
Q. What is promisory Note and its essential? Promissory Note: A promissory note is an instrument in writing containing an unconditional, signed by the maker to pay a certain amount only to or to the order of a certain person or to the bearer of the instrument. Bank note or Read More →
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