What are online clearing and offline clearing of bills?

Online clearing and offline clearing are aimed at electronic bill discounting, cash posting and due collection. Online clearing means that the counterparty directly transfers money to the other party through ecds of China People's Bank. In case of off-line liquidation, the People's Bank of China ecds only changes the obligee, not capital settlement. For example, online settlement means that the People's Bank of China ecds transfers the money to the transferor when the buyer signs for it. If it is offline, it is the same as the current inter-bank payment.

bill

The concept of negotiable instrument can be divided into broad and narrow sense. Bills in a broad sense include all kinds of securities and vouchers, such as stocks, corporate bonds, invoices, bills of lading and so on. Narrow sense bills, that is, "negotiable instruments" stipulated in Bill Law, China, include bills of exchange, cashier's checks and checks, which refer to securities issued by the drawee, and stipulate that he or the entrusted drawee will unconditionally pay a certain amount to the payee or holder at sight or on a specified date.