Wednesday 10th March 2010

Saville & Co. Notaries

Negotiable Instruments

Although they are now used less frequently than in the past, negotiable instruments (bills of exchange, promissory notes or cheques) still play an important part in commercial transactions.

If a foreign negotiable instrument is dishonoured - that is, if it remains unpaid after it has become due - it should, as a requirement of English law and in order preserve the holder's rights, be noted and protested by a notary.

Noting or protesting remain subject to a formal procedure laid down by law; the noting must take place on the day on which the instrument falls due or the next succeeding business day.

Please contact any of our notaries or send an enquiry for more information.

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