PDC (Post-Dated Cheque)
A post-dated cheque is a cheque written for a future date, widely used in the UAE to pay rent in instalments and to settle property payment plans.
A post-dated cheque (PDC) is a cheque dated for a future day, so it can only be presented to the bank on or after that date. In the UAE, PDCs are a normal part of real estate: tenants often pay annual rent in two, four, six, or twelve cheques, and buyers may settle instalment plans the same way.
Because a single agreement can involve many cheques with different clearing dates, tracking them is a real operational task. Teams need to know which cheque is due next, which have cleared, and which have bounced or been replaced.
IRM365 tracks each cheque through its lifecycle — pending, cleared, bounced, or replaced — with due-date visibility so finance teams can act before a date passes. See how it fits into finance and collections.