Apart from offering free insurance coverage, we have introduced additionalbenefits to investors; for example, free will-writing services toqualified investors, preferential rates for the purchase of insurancepolicies from Multi-Purpose Insurance and a waiver of commissions for allpurchases of travellers cheques, foreign currency demand drafts andcashier orders for initial public offerings.
32.
In the United States, a demand draft is a check created by a seller with a buyers checking account number on it, but instead of the buyers signature, it has verbage such as " authorized by depositor ( the buyer ), lack of endorsement garunteed by XYZ Bank ".
