Exchange

In Ukraine, the laws on bills of exchange consists of three of the Geneva Conventions of 1930, uniform law, and the two laws of Ukraine – about the securities and about Ukraine's accession to the three conventions. A bill must confirming the financial obligation of the maker to pay a certain time a certain amount of money noteholder. Obligation under the bill is an unconditional and due date on the bill and the amount should be kept directly in the instrument. In addition, to participate in the bill transactions (ie, prescribe or take the instrument is the guarantor. Accept the bill, etc.) can only legal entities, and the bills are only issued after delivery of goods or services by the maker. In this case, the instrument must be signed by the chief accountant and director of the drawer. a promissory note without indicating therein the date of the instrument is to be paid on the fact presentation. Write down simple and bills of exchange. Promissory notes differ from the conversion because the payer on prime instrument is the maker (ie the person to whom the instrument was released), and on a bill payer is trasat (ie a person who has, for whatever reason to pay with a for goods or services instead of the drawer).

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