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## 7.2.6 Mark Replacement and Withdrawal

This topic describes the systematic instruction to replace or withdraw the instrument when the issuer of the cheque requests.

The following scenarios are possible with instruments:

- Replacement: When the buyer wants to provide fresh instruments in order to avoid the deteriorating physical condition of the provided cheques, which might have gone through wear and tear.
- Withdrawal: In case the buyer has provided post-dated cheques for periodic payment of a loan and repays the entire loan amount before the tenure ends. Hence, the post-dated cheques of the remaining tenure are required to be withdrawn from the system.

Only post-dated instruments that are due for activation and not activated for presentation will reflect in the Mark Replacement screen.

1. On Instrument Management - Post Dated Cheques screen, select Mark Replacement & Withdrawal from the Action list.
2. Click Search to view the list of instruments.
3. From the search results, select the instruments to be marked.
   The List Of Instruments screen displays with the Total Instrument Amount and Total Instrument Count in the summary box on selecting the records.

   Figure 7-20 List Of Instruments

   Description of "Figure 7-20 List Of Instruments"
4. Optional: In the Instrument Number column, click the number to view more details.
5. In the New Instrument Number field, enter the new instrument number to be replaced for the selected one.
6. In the Remarks field, enter the remarks for the replacement or withdrawal.
7. Click Apply to update the grid with the new details.
8. If required, click Undo to revert the applied changes.
9. Select the updated records from the grid and then click Submit to send it for authorization.

Parent topic: Manage Post Dated Cheques