Unpaid promissory notes and bills of exchange: turning them into cash

Many businesses keep unpaid promissory notes or bills of exchange in a drawer. They have value: they can be assigned and turned into cash.

Why investors like them

Promissory notes and bills of exchange are enforceable instruments. That means the path to claim them in court is faster and more direct than with an ordinary invoice, which makes them particularly appealing to a debt buyer.

What you need to sell them

• The original document, correctly completed.
• The debtor's details and the amount.
• Any evidence of the underlying transaction.

How the process works

You list the unpaid instrument stating amount and due date, receive offers from investors and accept the one that suits you best. The assignment is formalised between you and the buyer, confidentially.

If you have unpaid instruments sitting idle, do not let them lose value over time: put them up for sale and recover part of that money.