It would certainly hide the record that said instrument was redeemed, would it not? At least on the bank's side. I'm led to believe people destroy evidence all the time.
One could speculate endlessly on the actions of one employee, possibly (probably?) ignorant of the implications of such verbiage and likely told, as the bank manager appears to have been in the preceding example in that post, that it was "against bank policy" by their higher-ups. I believe this board has several accounts from the early days when redeeming first started gaining popularity where bank employees were utterly befuddled by the concept and tried to deny it to suitors. Now they simply seem to ignore it, in my experience, with the one exception I noted here in my previous post.
I would re-direct you to my previous post in this thread asking what event it is you think might transpire behind the scenes in execution of redemption, if it is not self-executing?
Perhaps this article will help, if you have not read it previously:
http://www.silverbearcafe.com/private/convincing.html
It is certainly worth your time, in my opinion.
Thank you.