Every eBE has five surfaces — pick one

01 · Marketing

This page

What a eBE is, why it exists, who it serves.
02 · Document

Formal instrument →

Long-bond draft with acceptance block, signature and audit chain.
03 · Pass

Mobile pass →

What the acceptor is shown to accept the draft.
04 · Actions

Submit →

Present for acceptance · rail · email · in-branch.
05 · Print

PDF ↓

Long bond (8.5×13) pre-rendered. Ready to send or print.
← All instruments eBill of Exchange · NIL · UNCITRAL MLETR-aligned

An order to pay — electronic and negotiable.

A bill of exchange is a written order from a drawer to a drawee to pay a third party. Paper drafts move slowly and acceptance is contestable. The eBE makes it singular, signed, controllable — and discountable on the same rail as every other ETR.

Sample draft

Actors on the rail

All actions anchor to ISET ISET juridical anchor
DR

Drawer

Supplier A
DE

Drawee

Buyer A
⬢

ISET · Control Registry

Neutral · MLETR-aligned control
PY

Payee / Discounting Bank

Order of drawer (self)
1
Drawer draws and signs the eBEUnconditional order to pay, addressed to the drawee and signed by the drawer (NIL §126)
identityidentity
2
eBE anchored on ISETSingular electronic record created
anchored
3
Drawee accepts the draftAcceptance signed on the record — the drawee becomes the acceptor, primarily liable (NIL §132)
auditedperfected
4
Aval · bank guarantee (optional)A bank may add its own undertaking on the draft — the basis of forfaiting
verified
5
Risk scored · draft pricedScored before discounting, so the holder can price the paper
scored
6
Endorsement / discounting (optional)Payee may endorse or discount the draft — disclosed transfer, clean chain of holders
perfectedtransferred
7
Maturity · acceptor pays current holderPresented for payment; the acceptor pays whoever holds the draft at maturity
settled
8
Draft dischargedRecord marked paid. On dishonour instead: notice of dishonour and protest preserve recourse against drawer and endorsers (NIL §§89, 152)
audited

eBE issued, accepted, settled.

A negotiable draft — controllable, discountable, discharged on chain.

eBill of Exchange● ANCHORED · PQC SIGNED
eBE-2026-•••••
Standard
Negotiable Instruments Law · UNCITRAL MLETR-aligned
Drawer
—
Drawee
—
Payee / current holder
—
Avalising bank
—
Tenor
—
Amount
—
Anchor
ISET signing root · ML-DSA-65
Settlement
—
Consent ref
CL-2026-•••••
Audit ref
CL-2026-•••••
828/897 drawer verified 912 eBE anchored 913 acceptance perfected 836 bank attested 899 endorsement disclosed 839 settlement
FAC Fiduciary Audit Certificate · issued on ledger anchor (audit + consent refs above). Court-admissible · Post-quantum · FIPS 204 · hash-chain valid.
Why this matters

Paper drafts fail on two fronts: acceptance is contestable (signatures, copies) and endorsement chains break (lost paper). The eBE is a single MLETR-aligned record — acceptance is signed and recorded, endorsements are disclosed, and the current holder at maturity is unambiguous. B2B payment orders without paper risk.

ISET · eTR Engine — internal preview