Common domestic means of payment and settlement

Common means of payment and settlement Common means of payment and settlement in the country are as follows: bills of exchange: including bank drafts and commercial bills of exchange (commercial bills of exchange include banker's acceptances, commercial acceptances). Bank cashier's checks: including fixed bank cashier's checks, variable bank cashier's checks. Checks: including cash checks, transfer checks, ordinary checks. Exchange: including telegraphic transfer, letter transfer two kinds. Entrusted receipts: including off-site entrusted receipts, the same place entrusted receipts. Letter of credit 1, bank draft This is issued by the issuing bank, is the bank to see the actual settlement of the amount of unconditional payment to the payee or bearer of the note, the unit and individual settlement of various sums of money can be made with the help of bank drafts. Bank drafts can be used for the transfer of funds, indicating that the word "cash" bank drafts can also be used to withdraw cash. Bank drafts have the following characteristics: no starting amount. No geographical restrictions. Both enterprises and individuals can apply. When the payee or payer is an individual, he or she can apply for a cash bank draft. The validity period is generally 1 month. Cash bank draft can be lost. Payable at sight. In the validity of the bill can be returned. 2, the bank promissory note This is issued by the bank, the promise of their own unconditional payment of the specified amount of money to the payee or bearer of the note, the unit and individuals in the same bill exchange area need to draw all kinds of money can be used when the bank promissory note. Bank cashier's checks have the following main features: variable bank cashier's checks without starting amount limit. Bank cashier's checks are always bearer. Cashier's checks can be applied by the payee or payer as an individual, and cashier's checks can be entrusted to the drawer to prompt payment. Cashier's checks are payable on demand. Cashier's check payment period is generally not more than 2 months. 3, the check This is issued by the drawer, entrusted to handle the check deposit business of the bank unconditionally pay the specified amount to the payee or bearer of the note, units and individuals in the same city of the settlement of payments can be used by check, the check drawer in the People's Bank of China, the local branch approved by the business of the banking institutions can be used for the opening of the check of the deposit account units and individuals. Checks have the following characteristics: no starting amount of restrictions. Can be withdrawn in cash or used to transfer funds. Valid for 10 days (calculated from the date of issue, the expiration date for the holiday postponed). Can be lost. 4, exchange This is the remitter entrusted the bank to pay the money to the payee of a settlement, units and individuals of various payments can be used to settle this settlement. Currency exchange business has the following characteristics: Currency exchange is divided into two kinds of telegraphic transfer, letter transfer, by the remitter to choose to use. Currency exchange is not subject to the starting point of the amount of restrictions. 5, entrusted to collect This is the payee entrusted to the bank to collect money from the payer of a settlement, units and individuals with acceptance of commercial bills of exchange, bonds, certificates of deposit and other payer's debt proof of settlement can be entrusted to collect the settlement of money. Entrusted receipts business mainly has the following characteristics: no starting amount limit. The same city, different places can be handled. There are two kinds of collection methods for the payee to choose by mail and telegraphic transfer. 6, letter of credit This refers to the issuing bank in accordance with the applicant's application issued by the documents in line with the credit terms of payment commitment, the domestic letter of credit is guaranteed by the bank of domestic enterprises between the settlement of commodity transactions tool. The excerpts of the understanding of the hee hee