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Development of Money in Malaysia and Singapore
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accepted amount applicant Asian Currency Unit Asian Dollar Australian Dollar BANK LIMITED BANK OF SlNGAPORE banker Bear all risks beneficiary bill of exchange buyer buyer/importer capital cash Central Bank certificate CFA Franc cheque commercial banks Comply with customs confirming bank contract currency notes current account debt demand draft deposit account DEVELOPMENT BANK discount documentary credit drawee drawee bank East Caribbean Dollar economic ensure example exporter finance companies financial institutions foreign currency foreign exchange market formalities and pay funds hire purchase important INCOTERMS interest rates investment issuing bank known lease liability licence banks Malaysia MERCHANT BANK Monetary negotiable notes and coins official authorisation operations overdraft pay all duties payee payment person presented receipt remitting bank savings account seller shipping guarantee Singapore Dollar SlNGAPORE LTD stipulated Stock Exchange tenor bill terms and conditions transfer unit trust