The electronic signature boosting digital CCB

Do you know how electronic signatures can help the financial market through digital CCB?

That's what we're going to talk about in this article.

But first let's define CCB.

CCB is the acronym for Bank Credit Bill. It works like a promise to pay in kind. But it also creates a formalized relationship between creditor and debtor.

In the language of the financial market, we can say that the CCB is a credit instrument issued by an individual, or legal entity, to a financial institution or other similar entity. It is a promise to pay in cash resulting from a credit transaction.

This title, however, is not restricted to the national territory, since it can be issued in favor of an institution that is located abroad. As well as the payment of the debt, which can also be carried out in foreign currency.

CCBs can be transferred in the form of an endorsement to another creditor, even if it is not a financial institution.

How is a CCB constituted?

To be a CCB, the security must contain the following characteristics: be called a “Bank Credit Bill”; have the promise of the issuer to pay the debt in cash on its due date; the date and place from which the debt will be paid and, if payment is made in installments, it must contain the dates and amounts of each installment; name of the creditor institution; and the signature of the issuer, or of the third party that guarantees the obligation.

The digital CCB may be issued with or without a warranty, but this information must be available on the document. The guarantee can be personal or real, such as a security, a guarantee, or a specific asset, such as a property or a car.

How is digital CCB used?

A digital CCB can be used in different types of credit transactions, such as payroll, CDC, or overdraft, for example.

The use of electronic signatures in CCBs

CCBs can be signed electronically. Clicksign has a specific solution for this, called Securities. With this service, it is possible to generate, endorse and sign CCBs. All electronically. This brings more agility in production, in addition to creating security and guarantee for those who use CCBs.

Advantages of Securities for CCB digital

With Securities, it is possible to generate backup with the electronic signature at the time of origination and banking. In addition, the subscription is integrated with the originator's website and allows the control of the granting of credit to the Banker.

In the case of the sale of receivables, Securities endorses and assigns with a batch signature and the audit trail can be followed from origination to the end of the credit cycle.

Clicksign's technology ensures document integrity and collects authentication points from signers for an effective electronic signature.

It's Clicksign bringing more security to the Bank Credit Card, or digital CCB.