Article 55 : Discounts
It shall be recorded under this item the credits opened and those actually used against commercial papers discounted by the customer in favour of the Institution. Excluded items are discounting collateral merchandise bonds (warrants) which are included under item (2), and discounting of promissory notes which the customer signs in favour of the Institution and which are included under one of the items 2 to 8 according to the guarantees provided to secure debt.