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c. Debit note

A debit note is a letter issued by a bank to

collect a debt from a customer or other customer

through clearing (transaction settlement) based

on a predetermined nominal amount and time. If

you choose to use a debit note, you must first

make a debt to a

bank. Usually, debit notes are used for inter-

office transactions.

d. Credit note

A credit note is a letter issued by a bank

and used by customers to send and transfer non-

cash funds to other customers via clearing.