Convention Providing a Uniform Law for Cheques

General Detail

General Information

  1. Type: Convention
  2. Date of signature:
  3. Place of signature: Geneva, Switzerland
  4. Depositary:
  5. Date of entry into force: 01/01/1934

Category

Finance, payments and insolvency

Sub category

Cheques

Groups

UNS

What is it about?

The present Convention intends to harmonize the State Parties’ legislation on international payment by cheques. The Convention sets rules for the drawing and form of a cheque, negotiation, avals, presentment and payment, crossed cheques and cheques payable in account, recourse for non-payment and other specifics.

Why is it relevant?

This Convention is the only multilateral instrument dealing with substantive rules of law in connection with cheques. It provides a regulatory framework for the international use of cheques and promotes international trade by making this method of payment faster and more secure.

Additional Information

This instrument is closely tied to the 1931 Convention for the Settlement of Certain Conflicts of Laws in Connection with Cheques and the 1931 Convention on the Stamp Laws in Connection with Cheques. Although independently applicable these Conventions complete the present one and amplify its legal impact. Therefore it is useful to become a Member Party to all three Conventions.

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