This chapter proves that such angle to do the research on the right of set - off in bank , is essential and reasonable
3.
In addition to any lien right of set - off , we may at any time and without notice to you to combine or consolidate all or any of your accounts and liabilities with or to us anywhere whether in or outside china
4.
�� encumbrances �� include any option , right to acquire , right of preemption , mortgage , charge , pledge , lien , hypothecation , title creation , right of set - off , counterclaim , trust arrangemnet or other security or any equity or restriction ( including any relevant restriction imposed under the relevant law
5.
The legal system , which regulates the bank �� s right of set - off , as an essential and important system , has not been set up efficiently and perfectly . for the reason that , the balance of rights between the bank and the customer is the intention and the starting point of the system , the research from the angle of the balance will be of great practical and theoretical value
6.
Applying the foregoing conclusions , we can infer that the bank �� s set - off should be set up to protect the bank as a creditor , or the balance will fail . the bank �� s set - off has the following characters : self - remedy , simple and convenient , efficient . based on such characters , the right of set - off in bank is the best method to protect the bank as the creditor
7.
Without limiting any general or banker s lien , right of set - off or other right to which the bank may be entitled , the bank may , at any time and in its absolute discretion , combine , consolidate or merge all or any of the customer s accounts , with it , whether joint or individual , and the liabilities and may set - off or transfer any sums held for the customer or standing to the credit of any such accounts whether subject to notice or not and whether matured or not in or towards satisfaction of the liabilities , notwithstanding that the sums held for the customer or the balances on such accounts and the liabilities may be at different branches in different jurisdictions and may not be expressed in the same currency
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