Client can take money from bank on the security of postdatedcheques issued by their credit worthy customers. The bank in this case is certain that they will get the payment of this cheque on the due date from the customer of the client. Normally the cheques should not be dated for date which is later than 90 days from the date of discounting.
CRM Financing can arrange for cheque discounting to help you meet your immediate cash requirements with the security of postdated checks in UAE.
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