According to Article 547, the payment of a bill of exchange
may be made by intervention in all cases where, either at or before maturity date, the holder has a right of recourse on the bill.
Another reason why you can not put equivalence between the bill of exchange
and the promissory note is that, a promissory note can not be delivered to the issuer order, as it is possible in the case of bill of exchange
because the promissory would not be "in order" but it will be "at sight".
It is universally accepted that a bill of exchange
can be treated as the equivalent of cash and, therefore, if a bill of exchange
has been accepted as genuine there are limited defences which can be raised to a claim.
Insurance for the proper performance of obligations under the Framework Agreement - bills with a bill of exchange
The tenderer shall after the signing of the Framework Agreement subscriber give as security for the performance of contractual obligations 3 blank bills with the bill of exchange
statement in the amount of 10% of the value of the framework agreement (VAT) with effect 15 days after the expiration of the framework agreement.
Deposits and Guarantees required: The bidder must to insure the seriousness of the offer submitted blank bill of exchange bill of exchange
with the declaration of 20 000 EUR, valid until 30/06/2015.
The successful tenderer will be required to provide the client with 3 blank bills of exchange bill of exchange
statement for a performance bond in the amount of 10% of the total contract value without DPZP the power to fulfillment and redemption and otherwise within 10 days after signing the contract.
Deposits and Guarantees required: Bill of exchange
bill with a statement of the seriousness of the application in the amount of 25 000 EUR.