GDBC-101000000213-1410H
| No: 6876/BC/213 |
Effective from 1990-01-06 - Jan 05 1990
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Deputy Governor
No.: 6876/BC/213
Date: 9-6-1410 H
Circular to all Banks Operating in the Kingdom
Greetings,
Reference our circular No. 15361/BC/307 dated 19-11-1405 H (5-8-1985A.D) regarding the samples of bill of exchange and promissory notes prepared by the Ministry of Commerce for guidance.
The Ministry of Commerce has noticed that the bills of exchange and promissory notes used by banks do not fulfill the conditions stated in the Commercial Papers Law, and, as a result, the banks are loosing cases connected with such Commercial Papers. The Ministry, therefore, has prepared two forms for bills of exchange and promissory notes and recommended their use.
We attach herewith copy of the bill of exchange and promissory note for guidance.
Regards,
Deputy Governor
J. A. Al-Suhaimi
Kingdom of Saudi Arabia
Ministry of Commerce
Bill of Exchange
| |
| Place and date of issue _____________________________amount____________________ to___________________ Drawee _______________________ | |
| Address______________________________________________________________ | |
| Pay by this promissory note to(beneficiary) The above sum of on______________ (maturity date) Bearer has the right of recourse free of expenses and protest | |
| Drawer's signature:_______________________________________________ | |
| Name:____________________________________________________________ | |
| Address:_________________________________________________________ | |
| Accepted as provisional guarantee | |
| Name of guarantor ___________________________________________________________signature______________________________________________ | |
| Address________________________________________________________________________________________________________________________________ | |
Promissory Note
| |
| Place and date of issue _________________________________________________amount ____________________________________________________ | |
| I hereby undertake to pay by this promissory note to __________________________________________________(beneficiary) the above sum of _____________________________________________________________________________________________________________________________________ | |
| on ____________________________________________________(maturity date) Bearer has the right of recourse free of expenses and protest | |
| Drawer's signature: ______________________________________________ | |
| Name: ___________________________________________________________ | |
| Address: _________________________________________________________ | |
| Signature of Issuer: _____________________________________________ | |
| Name: ___________________________________________________________ | |
Address: ________________________________________________________
| |
| Accepted as provisional guarantee | |
| Name of guarantor____________________________________________________ signature_____________________________________________________ | |
| Address _______________________________________________________________________________________________________________________________ | |