Basic principles of payment and settlement: abiding by credit and fulfilling payment; Whose money goes into whose account and who controls it; The bank doesn't pay in advance.

1, abide by the principle of credit and performance payment.

That is to say, both the payer and the payee and their respective banks that handle payment and settlement must abide by the contract and perform their respective duties.

2, whose money into whose account, who dominated the principle.

When handling the settlement, the bank must pay the money to the designated payee according to the entrustment of the depositor; Unless otherwise stipulated by national laws, depositors' funds must be freely controlled by them.

3. The principle that banks do not make advances.

That is, in the process of settlement, the bank is only responsible for the transfer of funds between the two parties to the settlement, and does not assume the responsibility of paying any money in advance.

Characteristics of payment and settlement:

1. Payment and settlement must be made through financial institutions approved by the People's Bank of China. This is obviously different from the general monetary payment and fund settlement behavior.

2. Payment and settlement is an indispensable behavior. The so-called essential behavior refers to the behavior that must be carried out in a certain legal form.

3. The occurrence of payment settlement depends on the wishes of customers.

4. The payment and settlement management system combining unified and hierarchical management. The head office of the People's Bank of China is responsible for formulating a unified payment and settlement system, and organizing, coordinating, managing and supervising the national payment and settlement work.

5. Payment and settlement must be conducted according to law.