The matters that must be recorded on the bill of exchange include: the word "bill of exchange"; the entrustment of unconditional payment; the determined amount; the name of the payer; the name of the payee; the date of issue; and the signature of the drawer. ?

1. The words indicating "bill of exchange"

Different types of bills have different functions. In order to avoid confusion in the use of various bills, the drawer should specifically indicate that the bill being issued is a bill of exchange when issuing it.

2. Unconditional entrustment of payment

Among the parties to a bill of exchange, in addition to the drawer and the drawee, there are also payees who have a real entrusted payment relationship with the drawer. , therefore, the drawer should indicate unconditional payment in writing to the payee on the bill of exchange. In the actual use of the bill, it is generally expressed by words such as "payable on sight" and "unconditional payment on the due date".

3. Determined amount

Bills of exchange are monetary securities. If a definite amount is not recorded, payment cannot be made. Therefore, the bill of exchange must record a definite amount. The amount recorded can be expressed in the local currency or in other agreed currencies.

4. Name of the payer

The bill of exchange must clearly record the name of the payer to ensure that the holder or payee can present the bill to the payer and request payment when the bill matures. . The payee is generally a third party such as a bank that has a financial relationship with the drawer; in some cases, the drawer can list himself as the payee.

5. Payee’s name

my country’s Negotiable Instruments Law stipulates that the payee’s name must be recorded. This is based on my country’s national conditions and is conducive to preventing fraud and ensuring the safety of bill circulation. The Geneva Convention on the Unification of the Law of Bills of Exchange and Promissory Notes also stipulates the name of the payee as an absolute item that must be recorded on a bill of exchange. However, there are also countries such as the United Kingdom that regard the payee as a relative recording item, and the payee may be recorded or the specific payee may not be recorded.

6. Ticket issuance date

This refers to the date on which the ticket issuance recorded on the ticket was carried out. Among the four methods of payment date, in addition to regular payment after the ticket is issued, the three payment methods are pay on sight, regular payment after the ticket issuance and payment on a fixed day, all of which are closely related to the date of the ticket issuance. Among them: pay on demand is pay on demand after the bill issuance date recorded in the bill is determined; regular payment and fixed-day payment are calculated based on the bill issuance date as the starting point.

7. The drawer’s signature

This means that when the drawer makes a bill, he must sign his real name on the front of the bill or stamp his seal. If it belongs to a legal person, the drawer also requires the official seal of the legal person and the seal or signature of the legal representative. The drawer's signature proves that the issuing of the ticket was carried out by the drawer, and the drawer shall bear legal responsibility.

What is the validity period of a bank draft?

A bank draft is valid within two years from the date of issuance. During the validity period, the holder can request payment from the issuing bank with the draft. The bank shall not refuse payment on the grounds that the payment reminder period has expired.

The bank draft must be presented for payment within one month from the date of issue. If it exceeds one month, the note will become invalid. After making an explanation, the holder may request the issuing bank to reissue the note or Pay by other means.