Certificate issuance timing: certificate dated on payment date, or on encashment when paid by cheque or instrument.

Certificates are normally issued immediately when payment is made other than by cheque, pay order or demand draft, and dated on the payment date; where payment is by cheque, pay order or demand draft, issuance awaits realisation and the certificate is dated on encashment; if immediate issuance is not possible a provisional receipt is given and later exchanged for a certificate whose date follows the applicable payment or encashment rule.

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