General transfer endorsement, the endorser can usually record any of the following items when endorsing.
① Recording of endorsement date. The endorsement date can be recorded or not, which is the legal provision of most countries including my country. The Geneva Uniform Bills of Exchange Law stipulates that if the endorsement does not record the date, it is presumed that it is made after the expiration of the period specified in the protest certificate, unless there is contrary proof. Article 29 of my country’s Bills of Exchange Law stipulates that if the endorsement does not record the date, it shall be deemed to be endorsed before the maturity date of the bill of exchange. According to the provisions of my country’s Bills of Exchange Law, a bill of exchange shall not be endorsed after it is refused payment, refused acceptance or exceeds the payment presentation period. Therefore, the validity of the endorsement can be determined based on whether the endorsement date exceeds the above period, and the endorsement date can be determined based on whether the endorser has the capacity to act at the time of endorsement. The endorsement date recorded on the bill of exchange does not need to be consistent with the actual endorsement date. When the two are inconsistent, the date recorded on the bill of exchange shall prevail.
② Recording of restricted transfer. The record of restricted transfer refers to the endorser recording the words “not transferable” when endorsing. The negotiable instruments laws of most countries stipulate that if an endorser writes “not transferable” on a bill of exchange, when the subsequent endorser transfers the bill, the original endorser shall not bear the guarantee liability to the subsequent endorsee.