Basic rules of bill endorsement

According to People's Republic of China (PRC) Negotiable Instruments Law, Payment and Settlement Measures and relevant regulations of the People's Bank of China, the endorsement of bills must reach the following score of 18. \x0d\ 1。 The holder shall endorse and deliver the bill when transferring the bill rights to others or granting certain bill rights to others to exercise. \x0d\ 2。 The endorser of a commercial bill shall be responsible for ensuring the acceptance and payment of the bill held by his successor after the bill is endorsed and transferred. \x0d\ 3。 After the unit or bank indicates that it has accepted the commercial bill, it must bear the responsibility of bill payment. \x0d\ 4。 When transferring a bill by endorsement, the endorser shall sign the back of the bill and record the name of the endorsee and the date of endorsement. If the date is not specified in the endorsement, it shall be deemed as an endorsement before the maturity of the bill. If the holder entrusts a bank to collect money or pledge, he shall record the words "entrusted collection" or "pledge" in the endorser column in addition to the endorsement in accordance with the provisions of the preceding paragraph. \x0d\ 5。 The endorser transfers the regional bill to the endorsee outside the specified area, and the bank outside the area will not accept it. Regional bank drafts are limited to endorsement and transfer in the same clearing area. \x0d\ 6。 If the holder records the words "non-negotiable" on the front of the bill of exchange, it shall not be negotiable. If the immediate successor endorses it again, the drawer shall not assume the guarantee responsibility for the endorsee of the immediate successor, and the bank will not accept the bill presented by the endorsee for payment or entrusted collection; The endorser records the word "non-transferable" in the column of endorser on the back of the bill, and the endorser does not assume the guarantee responsibility for the endorsee in his subsequent hand. \x0d\ 7。 If a bill of exchange is refused to be accepted or paid, or the time limit for payment expires, it shall not be endorsed or transferred. Where an endorsement is transferred, the endorser shall bear the bill liability. \x0d\ 8。 Endorsement shall not be conditional. Where conditions are attached to the endorsement, the attached conditions are invalid for the bill. \x0d\ 9。 Endorsement must be continuous. A bill of exchange transferred by endorsement shall be endorsed continuously. The holder proves his rights to the bill by endorsement. If a negotiable instrument is obtained by other legal means without endorsement, it shall provide evidence to prove its rights to the negotiable instrument. \x0d\ 10。 The endorser of a bill of exchange shall endorse it in turn in the endorser column on the back of the bill. If the endorsement column is not enough for endorsement, you can use a self-adhesive sheet with a unified format and paste it at the specified bonding place on the bill voucher. The first person on the post-it note should sign the bond between the bill and the post-it note. The endorsee of the first endorsement transfer is the payee recorded on the bill, the endorsee of the previous endorsement transfer is the endorser of the later endorsement transfer, and the endorsee of the last endorsement transfer is the best holder of the bill. \x0d\ 1 1。 The items recorded in the column of endorser and endorsee have changed. In the process of endorsement, if endorsement is necessary, the original endorser (original endorser) is allowed to make changes according to the regulations, and then re-endorse. At this time, the prescription is an effective endorsement. \x0d\ 12。 It is not allowed to transfer part of the bill amount by endorsement, or transfer the bill amount to more than two people respectively. \x0d\ 13。 The subsequent party shall be responsible for the authenticity of the endorsement of the negotiable instrument. \x0d\ 14。 Where the words "entrusted collection" are recorded in the endorsement, the endorsee has the right to exercise the rights of entrusted bills on behalf of the endorser. However, the endorsee may not endorse the right to transfer the bill again before the original endorser changes. \x0d\ 15。 After the endorser has endorsed the back of the entrusted collection bill, the subsequent party may not change it into an endorsement of transfer, otherwise the bank will not accept it. \x0d\ 16。 Commercial bills can be pledged; When pledging, the word "pledge" shall be recorded by endorsement. When the endorsee realizes his pledge right according to law, he may exercise the right to draft. \x0d\ 17。 After endorsing the negotiable instrument, the endorser shall bear the responsibility of ensuring the acceptance and payment of the instrument held by his successor. When a bill is refused acceptance or payment, the endorser shall pay off the amount and expenses stipulated in Articles 70 and 71 of Bill Law to the holder. \x0d\ 18。 If the endorser of a bill records the words "non-transferable" in the column of the endorser of the bill, if the endorsement seal is pressed or the column of the endorser is stamped, the refund shall not be handled.