Endorsement refers to the act of recording relevant matters on the back of a bill or a note and signing it. When the holder of a cheque transfers the bill right to another person or grants some bill right to another person to exercise, it must be done by endorsement. Endorsement is a kind of bill behavior and an important way to transfer bill rights.

Endorsements can be divided into two categories according to their purposes: one is transfer endorsement, that is, endorsement aimed at transferring the rights of bills, and the other is non-transfer endorsement, that is, endorsement aimed at establishing entrusted collection or bill pledge.

Except cash checks and ordinary checks used to withdraw cash, all checks are transferable by endorsement. The endorser shall be responsible for ensuring the subsequent payment after endorsing and transferring the cheque. When the cheque is not paid, the endorser shall pay off (1) the amount that the bill refuses to pay; (2) Interest calculated from the due date or the date of presentment for payment to the settlement date according to the interest rate stipulated by the People's Bank of China; (three) the cost of obtaining the relevant refusal certificate and issuing the notice.

Endorsement is an important form, and the following items must be recorded in the endorsement:

(1) The name of the endorsee;

(2) Signature of endorser.

If one of the above matters is not recorded, the endorsement is invalid.

When endorsing, the date of endorsement shall be recorded. If the date of endorsement is not specified, it shall be deemed to have been endorsed before the due date.

The words "entrusted collection" are recorded in the endorsement column, and the endorsee has the right to exercise the right to entrust a cheque on behalf of the endorser. However, the endorsee may not transfer the right to check by endorsement.

If the drawer of a bill records the words "no circulation" on the front of the bill, the bill shall not be circulated (lose its circulation). If the direct heir endorses the transfer, the drawer is not responsible for the endorsee of the direct heir, and the bank will not accept the bill presented by the endorsee for payment or entrusted collection.

If the indorser of a bill records the words "non-negotiable" in the endorsement column of the bill, and the subsequent party endorses the transfer, the indorser who records the words "non-negotiable" shall not be liable for the subsequent party.

Cheques are limited to endorsement and transfer in their clearing areas (cities).

Endorsement shall not be conditional. Where conditions are attached to the endorsement, the attached conditions are invalid for the bill. An endorsement that transfers a part of a check or an endorsement that transfers the amount of the check to two or more persons respectively is invalid.

If a cheque is refused payment or exceeds the time limit for presenting payment, it may not be endorsed and transferred. Where a transfer is made by endorsement, the endorser shall bear the bill liability.

Endorsement should be recorded on the back of the bill or post-it notes, not on the front 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 passenger on the post-it note should sign where the note and post-it note are pasted. If the endorsement is recorded on the front of the bill, the endorsement is invalid. Because the endorsement is recorded on the front of the bill, it will be impossible to determine whether the endorser's signature is an endorsement act, an acceptance act or a guarantee act, so the validity of the signature cannot be confirmed.

Requirements for Endorsement Generally, only when the enterprise puts forward specific requirements will the bank make specific standards for the endorsement of the enterprise according to the endorsement rules put forward by the enterprise. In general, endorsement does not require the boss's signature.