Právna úprava šekov, zmeniek a ich exploatácia na báze EDI v obchodnom a platobnom styku Slovenska
LEGISLATION OF EDI CHEQUES AND BILL OF EXCHANGES UNDER SLOVAK TRADE AND PAYMENT CONDITIONS

Summary/Abstract: Globalisation of foreign markets intensively stimulates the implementation of infor-mation technology and telecommunication networks into different sectors of economy. Any furher progresses in the field of information technologies will indisputably result in facilitation and acceleration and transformation of classical trade and payment proce-dures into their electronic equivalent. Internationally designed and accepted trade and payment standards will result in growth of world output. United Nations Economic Commission for Europe Working Party 4 – UN/ECE/WP4 was appointed with diagnosis of conditions for worldwide electronic trade exchange, analysis of the directive for registration and certification of digital signatures, and crea-tion of databasis of electronic legistative documents – Archive of E-conditions. Elec-tronic Data Interchange with its standard EDIFACT could serve as unfied standard for transfer of electronic documents and information. Electronic payment and settlement is one of the basic functions of EDI systems. Cheques and bills are payment instruments of modern market economy, an effective usage of which can help Slovak entrepreneurs keep and join new trade contacts in global economy. Aim of this article is to present new possibilities and innovations of cheques and bill of exchanges in compliance with their present trend. This article has assessed the desi-rability of ligislating for electronic cheques and bills. It has established the validity of their electronic forms under the existing legal framework in Slovakia. To state the topic in complex we point at their genesis. Both of these payment instruments are under Slo-vak conditions mostly used in cross border trade contacts. Any further increase of their usage can be expected together with the implementation of their electronic equivalent. These are not the technical difficulties, however, missing legistative conditions. Writing and signature, e. g. are two of the several requirements that bills and cheques must satisfy in order to be valid under the Bills and Cheques Act. It has been established in this article that improvement in the present legislation will enable bills and cheques satisfy those two requirements. Both instruments should be capable of being transferred by way of indorsement and delivery from one person to another in such a way as to constitute the transferee their holder with a right to enforce the obliga-tion against the underlying debtor. Electronic payment instruments represent a great benefit to the business. Improved legislation will broaden the types of transactions that could be conducted electronically. Legislation will enable business to compete nationally and internationally with the ex-ploitation of electronic payment and monetary instruments.New economy calls for implementation of electronic trade and payment methods which can become the fastes instruments in the global business world.

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