Bank Draft
Leased and purchased Bank Drafts as bank-backed, cashable instruments for funding and trade.
Bank Draft Lease & Purchase
A bank draft is a check drawn by one bank on another bank. Leased drafts give the beneficiary temporary use of the capital for a fee; purchased drafts are cashable for the full face value at the end of the year with bank endorsement.
- Leased Bank Drafts for temporary capital usage
- Purchased Bank Drafts cashable at full face value after one year
- Issued from recognized international banks
- Bank-to-bank delivery and verification
Frequently Asked Questions
What is the difference between leased and purchased bank drafts?
A leased draft is temporarily owned for a fee; a purchased draft is owned outright and cashed at full face value at maturity.
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