Promissory notes

Moldindconbank promissory note – is a nominal security, issued by the bank, containing the bank obligation to pay a certain amount to the forwarder of the bill of exchange, to the person indicated in the promissory noteor to the one indicated by this person, after an established period or at demand.

Only money is the object of the promissory note. The Moldindconbank promissory notecan be procured by both legal entities and individuals.

The Moldindconbank promissory notesare accepted in all bank branches. For example, the bill of exchange procured at a Moldindconbank branch from Chisinau, can be forwarded for payment at any bank branch. The Moldindconbank promissory noteis made of paper with a high degree of security against forgery.

The promissory noteof Moldindconbank can serve as:

  • Accumulation mean, insuring a stable income, paid by the bank, at term. In case the promissory note holder needs money urgently, the interest of promissory note is not canceled.
  • Universal payment mean, allowing settlements towards partners. In case of Settlements by the promissory note, interest, paid by bank is permanently increasing. Besides, the holder can procure goods or pay the bills, at an amount overcoming the amount paid when procuring the promissory note, thus benefiting of calculated interest. ( for example, procuring the bill of exchange for 10000 lei, during three month of circulation, the beneficiary can spend a larger amount - let's say 10 3000 lei, taking into account the rate of interest).
  • As an efficient mean to pay arrears, without using cash. If you don't have cash on the one hand, and you have debts towards your business partners, on the other hand, you can solve the problem quickly, by using the promissory note, issued by MICB.
  • A guarantee to obtain credits and guarantees. The promissory note can serve as guarantee and can be used in commercial contracts, having a high degree of security, liquidity and increasing price.

Moldindconbank issues Interest Promissory Notes and Discount Promissory Notes, in Moldovan lei, and which are valid in Moldova only.

Interest Promissory Notes 

Interest Promissory Note is sold at its nominal price, at term, adding the income amount indicated in the promissory note, at the nominal price.

Discount Promissory Note is issuedat procurement value and is paid at term at nominal value; is commercialized at nominal value minus the discount amount, which is calculated in accordance with the period of circulation of the Promissory Note. The income is formed of difference between the nominal price and the price of procurement of the Promissory Note.

The income received out of bills of exchange is determined by the period of circulation and the nominal price of the bill of exchange, in accordance with percentage rates at the moment when the contract on purchasing Promissory Note is signed.

The Promissory Note is sold on the basis of client demand and contract on purchasing of Promissory Note.

The Promissory Note is received on the basis of the act on receiving/giving of the Promissory Note.

The Promissory Note is re/purchased by the Moldindconbank branches in three banking days, by transferring the money to the account or by cash.

The following documents are necessary to receive the money from the Promissory Note:

  • Promissory Note
  • Identity card
  • demand
  • trust deed

 When presenting the Promissory Note at term, the interest is paid.

  • Interest Promissory Note – it is calculated at the amount of the Promissory Note.
  • Discount Promissory Note – the difference between the nominal price and the sale price.

The Moldindconbank Promissory Note can be used in Banks crediting activity:

  • Back accepts Promissory Notes as guarantees for credits ;
  • The legal entities can receive a credit to procure  Moldindconbank Promissory Notes, whose nominal price is equal to the credit amount. The credit is given, at a lower interest rate than the one for traditional credits.

The Promissory Note procured from Moldindconbank can be transferred to another person by endorsement.

The Moldindconbank have the following advantages:

  1. The Promissory Note allows to the owner to solve quickly issues regarding payment of arrears and perform payments.
  2. Promissory Note is an universal payment instrument, which allows paying rapidly for goods and services (saving time for bank transfers).
  3. Excludes the inadequate use of cash for paying the debtors debt and for current withdrawals.
  4. Is more advantageous than bank deposits.
  5. Offers the possibility to receive money before term.
  6. Insures the integration of cash.
  7. It is protected against forgery.
  8. Offers the possibility to transfer the Promissory Note to another person by endorsement.

You are welcome at Moldindconbank branches.

Contact phones: (+373 22) 57-68-37