Downstream

Downstream, comes from the French word "downstream", which means mention made ​​on the back of a document. The economy is downstream, the words written on the back of a commercial effect (bill) by the person making the payment and the commitment that if when pulling (the person who must pay efectuieze) will not pay at maturity Amount commercial effect , would have to do it. Downstream be perfected through a commitment signature, written on the effect that marketing is through a separate document. If the amount entered in the bill when payment was made by avalist, he is entitled to demand reimbursement respective drawee. Downstream has the advantage that increases confidence in the payment of bills when due and in this situation makes it possible to use this instrument and commercial traffic. Because they represent downstream benefits for both parties to the economic process, and the national economy, there can return this form to ensure payment of maturity proceeds of deliveries of goods, execution of works or services, after the end stages of introducing economic reform programs, particularly the reorganization of the banking system and financial and credit relations.