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Authority Letter For Cheque Book Collection Template for Singapore

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Key Requirements PROMPT example:

Authority Letter For Cheque Book Collection

"I need an Authority Letter For Cheque Book Collection for my corporate account with DBS Bank Singapore, authorizing my executive assistant to collect three cheque books while I'm overseas from January to March 2025."

Document background
The Authority Letter For Cheque Book Collection is a crucial document in Singapore's banking operations when account holders cannot personally collect their cheque books. It serves as a security measure ensuring that cheque books are only released to properly authorized individuals. The document must include specific details as required by Singapore banking regulations, including full identification of all parties, account details, and clear authorization statements. It's commonly used by businesses, individuals who are traveling or indisposed, and in situations where the account holder delegates banking tasks to authorized representatives. The letter typically requires the account holder's signature matching bank records and may need to be accompanied by identification documents as per specific bank requirements.
Suggested Sections

1. Date and Location: Current date and place of writing

2. Bank Details: Name and branch of the bank where the cheque book is to be collected

3. Account Holder Details: Full name, account number, and contact information of the account holder

4. Authorized Person Details: Full name, ID number, and contact information of the person authorized to collect

5. Authorization Statement: Clear statement of authority being granted for cheque book collection

6. Account Holder's Signature: Signature matching bank records

Optional Sections

1. Validity Period: Specific timeframe for which the authorization is valid, used when authority needs to be time-limited

2. Specific Cheque Book Details: Number of cheque books or specific series numbers, used when collecting multiple or specific cheque books

3. Witness Details: When additional verification is required by the bank

Suggested Schedules

1. ID Copies: Copies of identification documents for both account holder and authorized person

2. Specimen Signature: Copy of account holder's specimen signature as registered with the bank

Authors

Alex Denne

Head of Growth (Open Source Law) @ ¶¶Òõ¶ÌÊÓÆµ | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Relevant legal definitions










Clauses










Industries

Banking Act (Chapter 19): Primary legislation governing banking operations in Singapore, including provisions about banking instruments and security measures

Bills of Exchange Act (Chapter 23): Legislation regulating negotiable instruments including cheques, relevant for matters concerning cheque books and their handling

Personal Data Protection Act 2012 (PDPA): Law governing the handling of personal information, ensuring proper consent and data protection measures for both account holder and authorized person

AML/CFT Regulations: Anti-Money Laundering and Countering the Financing of Terrorism regulations, including Know Your Customer (KYC) requirements and identity verification procedures

MAS Guidelines: Monetary Authority of Singapore guidelines covering banking security and requirements for banking documentation

ABS Guidelines: Association of Banks in Singapore guidelines establishing industry standards for banking operations and best practices for handling banking instruments

Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

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