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Lost Check, Paid Against An Indemnity Letter

Posted: Sat Mar 05, 2016 3:56 pm
by KarlBitar
Hello sirs,
Our bank just received today a copy of a check attached to a copy of an indemnity letter. And the presenting bank is asking us to pay against these 2 copies. What to do in such case as a bank?

Legal conseil...

Posted: Wed Mar 09, 2016 12:51 am
by picant
Hi Pal,

it is common to pay a check under copy of the same and an indemnity.
I think that any Country has a different rule to treat this matter.
It will pay a big role if the check is not transferable or negotiable, however it is a problem for your legal dept.
Other comments appreciated
Ciao