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What are the rules on the signature on the bill?
The signature on the draft is as follows:

1. The signatures on bills and settlement vouchers are signature, seal or both.

2. The signature of the drawer of the bank draft on the draft is the special seal for the bank draft approved by the People's Bank of China plus the signature or seal of its legal representative or its authorized agent. The signature of the bank when accepting commercial bills, discounting or rediscounting shall be the special seal for bank bills approved by the People's Bank of China and the signature of its legal representative or its authorized agent. The signature of the drawer of a cashier's check on the draft shall be the special seal for cashier's check approved by the People's Bank of China and the signature or seal of its legal representative or its authorized agent.

3. The signature of the unit on the bill is the special financial seal or official seal of the unit plus the signature or seal of the legal representative or its authorized agent.

4. The signatures of the drawer of the check and the acceptor of the commercial acceptance bill shall be reserved for the signature of the bank.

Tips: The above information is for reference only.

Reply time: 202 1-04-23. Please refer to the latest business changes announced by Ping An Bank in official website.

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