Refers to the first industrial production completed in a printing plant after all technical requirements for a new banknoteA banknote (or ‘bill’ as it is often referred to in the US) is a type of negotiable promissory note, issued by a bank or other licensed authority, payable to the bearer on demand. More are approved. The pilot production is carried out with a relatively small number of banknotes (a few million pieces) and serves, amongst other things, to validate or correct the technical specificationDocument that describes the technical requirements of a product, material or service, including the quality control procedure to determine whether its requirements have been met. More of the banknote before the large-scale production is initiated.