PPT - Endorsements, Crossing of Cheque | Business Law - B Com PDF Download

 Page 1


• Crossing Of Cheques.
• Endorsement.
Branch Banking
Group # 03
Page 2


• Crossing Of Cheques.
• Endorsement.
Branch Banking
Group # 03
• Endorsement
• What is Endorsement.
• Essentials of valid endorsement.
• Types of Endorsement.
• Liability of Endorser.
Crossing Of cheques
• Crossing of cheques.
• Collection process.
• Types of crossing.
• Difference between them.
• Double Crossing
• Why Crossing is done.
• Who crosses a cheque.
• Cancellation of Crossing.
What You will learn from this:
Page 3


• Crossing Of Cheques.
• Endorsement.
Branch Banking
Group # 03
• Endorsement
• What is Endorsement.
• Essentials of valid endorsement.
• Types of Endorsement.
• Liability of Endorser.
Crossing Of cheques
• Crossing of cheques.
• Collection process.
• Types of crossing.
• Difference between them.
• Double Crossing
• Why Crossing is done.
• Who crosses a cheque.
• Cancellation of Crossing.
What You will learn from this:
• A crossed cheque is any cheque that is crossed with two 
parallel lines, either across the whole cheque or through the 
top left hand corner of the cheque.
Purpose:
• Such a cheque cannot be cashed for money directly.
• If the cheque has been stolen, it is easily traced by locating 
the account it was deposited into.
What Is a cross Cheque?
Page 4


• Crossing Of Cheques.
• Endorsement.
Branch Banking
Group # 03
• Endorsement
• What is Endorsement.
• Essentials of valid endorsement.
• Types of Endorsement.
• Liability of Endorser.
Crossing Of cheques
• Crossing of cheques.
• Collection process.
• Types of crossing.
• Difference between them.
• Double Crossing
• Why Crossing is done.
• Who crosses a cheque.
• Cancellation of Crossing.
What You will learn from this:
• A crossed cheque is any cheque that is crossed with two 
parallel lines, either across the whole cheque or through the 
top left hand corner of the cheque.
Purpose:
• Such a cheque cannot be cashed for money directly.
• If the cheque has been stolen, it is easily traced by locating 
the account it was deposited into.
What Is a cross Cheque?
For Instance;
• Hamad deposits cheque to his bank.
• Haider’s bank processes the cheque and sends a request to Hamad's 
bank for payment
• If Haider’s bank has funds in his account, his bank will process the 
payment and release the funds to Hamad's Bank
• Hamad's Bank will processes the payment and credits the funds into his 
bank account.
Collection Of Cross Cheque.
Page 5


• Crossing Of Cheques.
• Endorsement.
Branch Banking
Group # 03
• Endorsement
• What is Endorsement.
• Essentials of valid endorsement.
• Types of Endorsement.
• Liability of Endorser.
Crossing Of cheques
• Crossing of cheques.
• Collection process.
• Types of crossing.
• Difference between them.
• Double Crossing
• Why Crossing is done.
• Who crosses a cheque.
• Cancellation of Crossing.
What You will learn from this:
• A crossed cheque is any cheque that is crossed with two 
parallel lines, either across the whole cheque or through the 
top left hand corner of the cheque.
Purpose:
• Such a cheque cannot be cashed for money directly.
• If the cheque has been stolen, it is easily traced by locating 
the account it was deposited into.
What Is a cross Cheque?
For Instance;
• Hamad deposits cheque to his bank.
• Haider’s bank processes the cheque and sends a request to Hamad's 
bank for payment
• If Haider’s bank has funds in his account, his bank will process the 
payment and release the funds to Hamad's Bank
• Hamad's Bank will processes the payment and credits the funds into his 
bank account.
Collection Of Cross Cheque.
MCB
(Receiving Bank)
HBL
(Paying Bank)
Payment Done
Asks for 
payment
Submits
Cheque
Credit 
Payment
Debits 
Payment 
Issues Cheque
Hamad
Haider