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1, Overdraft may be allowed any Renminbi Trade Settlement Account.

2, Why is personal bank settlement account set up separately?

3, Before that, the corporation should first open a basic deposit account or a general deposit account ("settlement account" for short) for the accounting of normal economic activity.

4, The term "foreign currency settlement account" refers to an inter-bank foreign currency deposit account opened by a participant in a settling bank for foreign currency settlement.

5, The new settlement account must be of the same account title and with the same signing authority as the above Account.

6, For joint investment account, Settlement Account must be the same joint names as the investment account.

7, Where the filing is made on a case-by-case basis, the banking institution shall make filing by submitting singly the information on the opening of an individual bank settlement account to the RBSAMS.

8, Responsibilities: - Manage and monitor company daily cash flow, capital,[http://sentencedict.com/settlement account.html] foreign and RMB settlement account.

9, The Company shall place the Client's funds to its settlement account upon receipt.

10, No Renminbi coins are accepted for deposit any Renminbi Trade Settlement Account.

11, Overdraft facility may be offered in respect of any Renminbi Trade Settlement Account.

12, A banking institution may modify, delete and search bank settlement account information in the for- approval database.