Types of Drafts

These drafts must be accepted by the customer before they can be remitted to the bank:

• LCR - The supplier prints the draft with bank account information.

• LCC - The supplier prints the draft with bank name only.

• BOR - The customer prints the draft with bank account information.

• BOC - The customer prints the draft with the bank name only.

Automatic drafts, called Lettre de Change Magnétique (LCR Magnétique), do not require customer acceptance.