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Article 4
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The term "endorsements/guarantees" as used in these Regulations refers to the following:
- Financing endorsements/guarantees, including:
- Bill discount financing.
- Endorsement or guarantee made to meet the financing needs of another company.
- Issuance of a separate negotiable instrument to a non-financial enterprise as security to meet the financing needs of the company itself.
- Customs duty endorsement/guarantee, meaning an endorsement or guarantee for the company itself or another company with respect to customs duty matters.
- Other endorsements/guarantees, meaning endorsements or guarantees beyond the scope of the above two subparagraphs.
Any creation by a public company of a pledge or mortgage on its chattel or real property as security for the loans of another company shall also comply with these Regulations.
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