Basic Requirements For Bank Settlement

All units must understand and abide by the following basic requirements for bank settlement.

First, units must abide by the laws and regulations of the state and the provisions of the bank settlement office for settlement.

Second, all economic pactions must be handled through pfer accounts in addition to cash available in accordance with the provisions of the state's cash management.

Third, when a bank opens an account, it has to pay enough funds to guarantee the payment.

Fourth, each unit must use the unified bill and settlement certificate issued by the bank when handling settlement, and fill in correctly according to the regulations.

Fifth, banks and units should abide by the principle of "abide by credit, perform payment, enter into whose account, who will control, and the bank does not advance".

Sixth, banks shall examine bills and settlement vouchers in accordance with the provisions of the settlement method.

The economic disputes arising from the two sides shall be handled by themselves or submitted to the arbitration organ or the people's court for application or settlement.

Seventh, banks keep confidential the deposits of individuals and units in accordance with the law, and safeguard their capital's right of independent control.

In addition to the provisions of the state laws and the supervision items authorized by the State Council to the head office of the people's Bank of China, banks do not accept matters entrusted by other departments and local authorities, and do not inquire or deduct money from any units.

Eighth, units must strictly abide by the discipline of bank settlement, and do not issue empty cheque and forward cheque.

Ninth, the settlement of all units will affect the use of funds due to errors in filling out the clearing documents, and the loss of funds caused by the loss of bills and seals will be borne by themselves.