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When dealing with post-dated cheques (PDCs) as security, the return process is just as important as the collection. Here is a standard format and checklist for drafting a Security Cheque Return Letter:
I am writing to formally request the return of the security cheque(s) submitted to on [Date of submission] as security for [mention purpose, e.g., Office Rental Agreement / Employment Contract / Loan Facility] .
Always specify the exact corporate name or individual name on the payee line. ⚠️ Understand the Risks