Foreign Currency Cheque definition

Foreign Currency Cheque. This is a cheque drawn in a foreign currency or drawn in Sterling but paid out of an account at a bank abroad. For foreign currency cheques which are not issued by or deposited with a UK Bank, different procedures and longer clearing period may apply. Cheques drawn on us: These are cheques where we are the paying bank. If you pay into your account with such cheque your account will be credited and funds will be available immediately.
View Source

Examples of Foreign Currency Cheque in a sentence

  • For these, written confirmation from the payee, stating that he or she will no longer make a claim on the Foreign Currency Cheque, will be required.

  • If the Foreign Currency Cheque has been lost or stolen, we may require further supporting evidence in order to make a refund or reissue.

  • The Foreign Currency Cheque will be payable on presentation, within 6 months to the bank on which it is drawn.

Related to Foreign Currency Cheque

  • Foreign Currency means any currency other than the currency of Kenya;

  • Foreign Currency Hedge means any foreign exchange transaction, including spot and forward foreign currency purchases and sales, listed or over-the-counter options on foreign currencies, non-deliverable forwards and options, foreign currency swap agreements, currency exchange rate price hedging arrangements, and any other similar transaction providing for the purchase of one currency in exchange for the sale of another currency.

  • Foreign Currency Loan means any Loan denominated in a Foreign Currency.

  • Foreign Currencies means Agreed Currencies other than Dollars.

  • Foreign Currency LC Exposure means, at any time, the sum of (a) the Dollar Amount of the aggregate undrawn and unexpired amount of all outstanding Foreign Currency Letters of Credit at such time plus (b) the aggregate principal Dollar Amount of all LC Disbursements in respect of Foreign Currency Letters of Credit that have not yet been reimbursed at such time.