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1、国际结算期末考D/Pdocuments against payment付款交单D/Adocuments against acceptance承兑交单T/RTrust Receipt信托收据B/Lbill of lading提单L/CLetter of Credit信用证FCAFree Carrier货交承运人FASFree Alongside Ship装运港船边交货FOBFree On Board装运港船上交货CFRCost and Freight成本加运费CIFCost Insurance and Freight成本加运费、保险费CPTCarriage Paid to运费付至CIPCarri
2、age Insurance Paid to运费、保险费付至DAFDelivered At frontier边境交货DESDelivered Ex Ship目的港船上交货DEQDelivered Ex Q uay目的港码头交货DDUDelivered Duty Unpaid未完税交货DDPDelivered Duty Paid完税后交货EXWEX Works工厂交货T/TTelegraphic Transfer电汇汇款M/TMail Transfer信汇汇款D/DRemittance by Bankers Demand Draft票汇汇款URCUniform Rules for Collecti
3、on托收统一规则M.T.DMulti-modal transport document多式联运提单UCP The Uniform Customs and Practice for Documentary Credits 跟单信用证统一惯例ICC International Chamber of Commerce 跟单信用证项下银行偿付统一规则名词解释：国际结算：International payments and settlements are financial activities conducted amongdifferent countries in which payments a
4、re effected or funds are transferred from one country toanother in order to clear relations of debts.汇票：A bill of exchange is defined officially as an unconditional order in writing,addressed byone person to another,signed by the first person,requiring the second person to whom it isaddressed to pay
5、 on demand,or at a fixed or determinable future time,a certain amount ofmoney,to,or to the order of,a specified person or to the bearer.本票：A promissory note is an unconditional promise in writing made by one person(the maker)to another(the payee or the holder),signed by the maker engaging to pay on
6、demand,or at afixed or determinable future time,a sum certain in money to or to the order ofa specified person or to bearer.信用证：A letter of credit is a written undertaking by a bank(issuing bank)given to the seller(beneficiary)at the request,and on the instruction,of the buyer(applicant)to pay at si
7、ght or ata determinable future date up to a stated sum of money,within a prescribed time limit andagainst stipulated documents which complied with the terms and conditions of the credit.1支票：A check is an unconditional order in writing addressed by the customer to a bank signedby that customer author
8、izing the bank to pay on demand a specified sum of money to or to theorder of a named person or to bearer.汇付：Remittance refers to the transfer of funds from one party to another among differentcountries through banks.At the request of its customer,a bank transfers a certain sum ofmoney to its overse
9、as branches or correspondent banks and instructs them to pay a namedperson or corporation domiciled in that country.托收：Collection is an arrangement whereby the goods are shipped and a relevant bill ofexchange is drawn by the seller on the buyer,and/or shipping documents are forwarded to thesellers b
10、ank with clear instructions for collection through one of its correspondent banklocated in the domicile of the buyer.计算题一、The Amount the Exporter Can Get?P44Suppose an accepted bill for USD50,000 falls due on June 30 and the exporter takes it to adiscount bank on April 6.If the discount rate is 10%,
11、the discount interest is?Issue：July 30Value：50000 USDInterest rate：Tenor：Accept：Discount rate：10%D=V*Tx R/360D=DISCOUNT INTERESTV=FACE VALUE OF THE BILLT=TENOR(DAYS)R=DISCOUNT RATE(N%PER ANNUAM 每年)二、The Amount the Exporter Can Get?P45三、Suppose an accepted bill for USD80,Issue：July 30 2008 000 falls
12、due on July 12 and theValue：10000 RMB exporter takes it to a discount bank onInterest rate：8%March 9.If the discount rate is 5%(year),Tenor：3 months what would be the discount interestAccept：August 27 and how much can the payee get?Discount rate：10%贴现日：3.9 到期日：7.12 天数：125天到 期 价 值=(80000X 5%X 125)/36
13、0=1388.89 元2The Payee Can Get=80000-1388.89=78611.11 元问答题：1.信汇、电汇、票汇的特点 Telegraphic Transfer,T/T(电汇汇款)1)It is a kind of remittance(顺汇).2)It is the fastest type but the charges arehigher.3)In bank remittance,the T/T is inpreference to others.It is dealt on thesame day and the bank cant use thefunds u
14、nder way.4)It is safe and creditable.Mail Transfer,M/T(信汇汇款)1)It is a kind of remittance(顺汇).2)The charge is low.3)It is the slower type and because of mail,it will spend more time to receive themoney.4)Bank can occupy the funds under way fora short time.Demand Draft,D/D(票汇)1)The paying bank is flex
15、ible.2)The draft can replace the cash to benegotiated.3)The draft is carried by the remitterhimself or is posted by the remitter to thepayee.4)The paying bank neednt notifies thebeneficiary and the latter will come toreceive the money.2.Chapter of COVERNostro Account 往账：A bank account conducted by a
16、 British bank with a foreign bank,usually inthe foreign currency.Vostro Account 来账：A bank account held by a foreign bank with a British bank,usually insterling.Reimbursement Methods拨头寸的方法(课堂要求掌握前两种，余下四种看课件)1.Crediting vostro account of the paying bank主动贷记：如果汇入行在汇出行开有账户，汇出行应主动将相应头寸贷记该账户。payment order
17、支付委托书账户行-开户行remitting bank paying bankcredit advice付讫的贷记通知etc:In cover,we have credited the sum to youre a/c with us.寄出贷记报告单称已贷记汇入行账户。2.Debiting remitting banks nostro account授权借记：如果汇出行在汇入行开有账户，汇出行应授权汇入行借记该账户相应的金额。payment order支付委托书开户行-账户行remitting bank paying bankdebit advice付讫的借记通知etc:In cover,ple
18、ase debit our a/c with you.(You are authorized to debit the sum to our account with you.)寄出借记报告单称已借记汇出行账户。3.Functions of Negotiable Instrument 流通票据的功能 P391)As a means of payment;2)As a credit instrument;33)As a transferable instrument;4)As a means of finance.4.Basic Methods of InternationalPayments
19、and Settlements:1)Settlement on commercial credit:remittance(汇 付)：A.payment inadvance B.open account collection(托收)2)Settlement on bank credit：letter of credit(信用证)bank guarantee(银行担保)5.Characteristics of Collection 托收的特点1)It is based on commercial credit2)The capital burden is not balance3)It is sa
20、fer than the remittance4)It can afford financing to the seller orbuyer5)The procedure is simple,fast and thecharges are not high.6.Characteristics of Letter of Credit 信用证的特点1)It is a kind of bankers credit.The issuingbank undertakes primary liabilities forpayment实际操作题(填表类)2)The obligation of payment
21、 born by thebank is limited and conditional3)A letter of credit is self-sufficientdocuments and is independent of thesales contract4)Letter of credit is a pure documentarybusiness,that is,banks deal withdocuments and not with goods,servicesor other performances to which thedocuments relate.7.Princip
22、les in examining documents 审单的原则1)单 证 相 符：The name,content andsignature of the documents presentedshould be in conformity with the terms andconditions of the credit.Any smalldiscrepancy is possible to become thereason for refuse.2)单单相符：The documents should be inconformity with each other.1.汇票 Bill O
23、f Exchange P45 P63-5-6No._ _ ,_Date._EXCHANGE FOR _At _ sight of the First of Exchange,second of the same tenor and dateunpaid,pay to the order of _the sum o f_Drawn under _To:For and on behalf of XXX(Signature)4Exchange for _ _ ,DATEAt _ sight of the First of Exchange,second of the same tenor and d
24、ateunpaid,pay to the order of _the sum o f_Drawn against_To:For and on behalf of XX X(S i-tu re)ACCEPTEDTIME(SIGHT)Payable at _For _(Signature)Q uestion:汇票期限 到期日At 30 days after sightAt 30 days from sightAt 30 days after dateAt 60 days after dateAt one and half,a month after date2.本票 Promissory Note
25、 P49 碘P63-7Promissory Note _ ,_For _On _ fixed by the promissory note we promise to pay _ the sum of _.For and behalf ofgned)Cheque No.Pay to _the sum o f_5(Signature)3.On 18,March 2009,Bank of China,Guangzhou Branch received a mail transferpayment order from Bank of China Hong Kong.Please complete
26、the forms.BANK OF CHINA,HONG KONG BRANCHDATE,HONG KONGPlease advise and effect the following payment less your charges if any.In cover,we havecredited your account with us.TO BANK OF CHINA,GUANGZHOUAmount in words:H.K Dollars Message:Being Proceeds underTwo Hundred Thousand S/C No.XXXBy Order Of Uni
27、versal GarmentNo.of Mail TransferTo Be Paid ToAmountMTXX XXRuiqi Garment Co.Ltd,Guangzhou No.XX XXHKD200,000.00Imp.&Exp.Co.Hong KongBand of China,Hong KongRemitting Bank:Paying Bank:Payee:Remitter:The proceeds is used for:Currency and Amount:Cover Instruction:4.QUESTION:A draft N0.426898 for USD100,
28、000.00 is drawn by The AmericanExporter Co.17 Main Street Tampa,Florida,U.S.D on The French Issuing Bank,38 rueFrancois lei;Paris,France payable at 60 days sight to the order of ourselves dated 25March,2000 marked Drawn under The French Issuing Bank,Paris,France L/CN0.12345 dated 25 Feb.,2000.Bill o
29、f exchangeNo.0Exchange for oAt Sight of this first of exchange(SECOND B日NG UNPAID)Pay to(the order of)oThe sum of oDrawn Under 0L/C NO.Date o(signature)To o a6A：426898 025 March,2000 Tampa,Florida$100,000 60 days The American Exporter Co.Inc.ollS Dollars one hundred thousand only The French Issuing
30、Bank,Paris 12345 25 Feb,2000oThe French Issuing Bank oThe American Exporter Co.38 rue Francois ler 75008 Paris,France 17 Main Street Tampa,Florida5.QUESTION:Please draw a demand draft to make remittance by D/DDraft:No.20060613Amount:HKD32,150.00Place and date of draft:Tianjin,8May,2009Paying bank:Ba
31、nk of China,Hong KongPayee:the order of United Trading Company,Hong KongPay against this draft to the debit of our account.Remitting bank:Bank of China,TianjinRemitter:China National Light Industrial Products Imp.&Exp.Corp.,Tianjin Branch,TianjinNot NegotiableAccount PayeeBANK OF CHINANO.oAMOUNT 0Th
32、is draft is valid for one year from date of issueTo:Pay toTHE SUM OF oPAY AGAINST DRAFT TO THE DEBIT OF OUR ACCOUNTFor BANK OF CHINA,TIANJINSignatureA：O20060613 0HKD 32,150.00 Tianjin,8 May,2009 Bank of China,Hong Kong 0The orderof United Trading Company,Hong Kong eHong Kong Dollar Thirty-Two thousa
33、nds one hundredand fifty only案例分析CASE 1：Chinese company A concluded a purchase contract with a Belgium company for some goods.The contract require that the goods should be Grade M or above and that the exporter shouldsurrender certificate which verify that the goods has reached Grade M.But A didnt r
34、equestcertificate of Grade M in the L/C opened by him.After delivery,A took the delivered goods before paying.Then A found that the goods didntreach Grade M and asked the local quarantine to give a testification.A held the testification todemand the opening bank to dishonor.QUESTION:l.Should the ope
35、ning bank dishonor the L/C?2.Please statement the reason.ANSWER:1.The issuing bank should not dishonor.2.Though the bank knows the fact that the seller fail to implement all the conditions of thecontract wholly,the bank must make payment.73.According to the principle that L/C is an independent contr
36、actual document and theoperation of L/C is based on documents,the bank must make payment as long as the sellersurrenders the accordant documents.CASE 2：One of Japanese company opened an irrevocable L/C on the request of its customer.Theexporter was in Guangzhou.The L/C stipulates that the negotiatin
37、g bank can be repaid by theopening banks New York branch.One bank in Guangzhou negotiated the draft,forwarded thedocuments to the opening bank and get payment from the reimbursing bank.On the 4nd day,the opening bank said that there were discrepancies between thedocuments and L/C and asks for the re
38、paid amount.The negotiating bank confirmed thediscrepancies but the beneficiary said that the opener had taken the goods without the bills oflading.QUESTION:Can the negotiating bank refuse to pay the money back to the opening bank?Why?ANSWER:1.The negotiating bank cant refuse to pay back the money.2
39、.L/C is based on document.The parties concerned deal with documents rather than goodsor facts.If the document presented is not in conformity with the L/C,the beneficiary cantget payment.CASE 3：One of our companies exported 5000 tons of rice.The L/C stipulated that 1000 tons wasshipped every month fr
40、om January to May.The seller shipped 1000 tons separately duringJanuary and February but there was no shipment in March because of lacking of goods.Then theexporter shipped 2000 tons and 1000 tons separately in April and May.When the exporter negotiated the shipping documents,the bank refused to pay
41、 the 3000tons shipped in April and May because the shipment in March was not in accordance with thestipulations of the L/C.Question:Was the bank correct?Why?ANSWER:1.The bank was right.2.Because according to the Uniform Customs and Practice of Documentary Letter of Credit,ifpartial shipments stipula
42、te definitely the number of lots,time and quantity of every lot,the seller should exactly conform to the stipulation.If the seller doesnt conform to thestipulation in a certain period,the period together with the following will be invalidautomatically.选择题1.To the exporter,the fastest and safest meth
43、od of settlement is cash in advance.2.To the importer;the fastest and safest method of settlement is open account.3.Under a letter of credit,the exporter can receive the payment only when the documentspresented comply with the credit terms.4.Which of the following is based on commercial credit?Colle
44、ction（】EU攵）5.There are four main methods of securing payment in international trade:payment in8advance;payment under documentary credit;collection;open account.From anexporters point of view,the order of preference is.6.The documentary collection provides the seller with a greater degree of protecti
45、on thanshipping on open account（赊账交易）。7.Foreign trade can be conducted on the following terms except for public bonds.8.Cash settlement is effected by shipping precious metals（贵金属）taking the form of coins,bars or bullions.9.International cash settlement has the following disadvantages except safe.f
46、口 口 包括expensiveriskytime-consuming）10.If a bill is payable 60 days after date”,the date of payment is decided according to the dateof the bill.11.A term bill may be accepted by the drawee.12.The party to whom the bill is addressed is called the drawee.13.The maker of a promissory note has prime liab
47、ility while the other parties have secondaryliability.14.A（n）bill of exchange is a financial document.15.Demand draft（即期汇票）is often used when the client wants to transfer the funds to hisbeneficiary himself.16.If the paying bank opens a current account with the remitting bank,the reimbursement maybe
48、 effected by crediting vostro account of the payinc bank（主动贷i己）17.If a London bank makes a payment to a correspondent abroad,the foreign banks vostroaccount will be credited.（贷t己）18.If Barclay Bank instructs Citibank to pay a sun of USD2,000,000 to Midland,its nostro accountshould be debited（借t己）.19
49、.Suppose that a UK firm which is to pay a debt to a West German supplier in Deutschmarks.The firm w川 give a written instruction to its bank in the UK to issue a mail transfer.Then theUK bank debit the UK firms account rs authorized.20.The principal is generally the customer of a bank who prepares do
50、cumentation and submitsthem to the remitting（托收）bank with a application for payment from the buyer（drawee）.21.Which type of collection offers the greatest security to the exporter?Documents againstpayment,即期付款交单22.Which of the following is not a risk that the exporter assumes on documentary collecti