Defect Ticket Identification Manual

Author: Commercial Paper Department of Industrial and Commercial Bank of China
Publisher:
Publish Date: 2005-09-01
Features: A summary of over 300,000 cases of bill collection experience, "expert consultation" to help diagnose and evaluate defective bills, ensuring safe collection. The vitality of a bill lies in its circulation, for commercial bills, it is from issuance, acceptance, endorsement, to final collection upon maturity. Bill collection is the most important in realizing claims, and whether it can be collected safely depends on the preceding stages. Bills that hinder collection due to defects on their face are commonly known as defective bills. These are the most common type of defective bills, affecting the efficiency of bill collection in the entire society. The difficulty in determining the criteria for defective bills makes many small and medium-sized enterprises reluctant to accept them. Analyzing the nature of defects and their circulation safety provides expert identification skills and evaluation opinions on whether there will be obstacles during bill collection. Suitable for commercial banks engaged in bill business, enterprises using or planning to use commercial bills for payment, and commercial bill professionals, it is an indispensable reference tool.