国际结算模拟试题

如对您有帮助，欢迎下载支持，谢谢！浙江林学院 2006 - 2007 学年第 二 学期考试卷（A 卷）课程名称： 国际结算（双语）课程类别： 必修 考试方式： 闭卷注意事项：1、本试卷满分100分。

2、考试时间 120分钟。

Ⅰ Decide whether the following statements are true or false.(Please mark “T ” if the answer is true, or you shall mark “F ”if the answer is false. Each one 2 score, total 30 scores.)1. From an American bank’s view, a Nostro account is a dollar account held for itsoverseas correspondents. ( )1. From a Chinese bank’s view, a Vostro Account or Due to Account is a Chinese currency account held for its overseas correspondents. ( )2. In a promissory note, the drawer and the payer are the same person. ( ) 2. There is no acceptor in a promissory note. ( )3. A bill of exchange drawn by and accepted by commercial firms be known as tradebills. ( )3. An endorser of a bill is liable on it to subsequent endorsers and holders of the bill.( )4. A crossed check can be cashed over the counter. ( )4. If a check is presented undated, the payee can insert a date. ( )5. If a bill is payable “at 30 days after date “, the date of payment is decidedaccording tothe date of acceptance. ( )5. A bill payable “ at 90 days sight” is a sight bill.( )6. Remittance happens when a client (payer) asks his bank to send a sum of money toa payee abroad by one of the transfer methods at his option. ( )6. Under D/D, upon receipt of the draft, the beneficiary can ship the goods beforehe present it for payment at the counter of the drawee bank.学院： 专业班级：姓名： 学号：装 订 线 内 不 要 答 题7. If the collecting bank is not located near the importer, it would send the documents to a presenting bank in the importer’s city mostly.7. Under D/A, after acceptance, the buyer gains possession of the goods before payment and is able to dispose of the goods as he wishes .8. Under documentary credit, the nominated bank has no obligation to examinedocuments. ( )8. Usually the advising bank is the bank resides in the same city as the buyer. ( )9. Under UCP600, Unless otherwise stipulated in the credit, a transferable credit can be transferred only once and the issuing bank can transfer a credit by itself. ( ) 9. A transferable credit can be transferred only to one party and all the terms andconditions cannot be changed while it is transferred.( )10. An irrevocable confirmed credit gives the beneficiary a double assurance ofpayment. ( )10. In a reciprocal credits, the advising bank itself gives a packing loan to the beneficiary. ( )11. If a credit is issued by airmail , it ought to be authenticated by test key .( ) 11. The issuing bank’s signature is only to be placed on the advice for the beneficiary .( )12. Banks will not accept a document bearing a date lf issuance prior to that of thecredit .( )12 . If the credit is a deferred payment credit, there is no need to draw a draft. ( )13. Commercial invoice need not be signed.( )13. A clean bill of lading is one that is not stained.( )14.When an issuing bank determines that a presentation is complying, it must honour.A credit must not be issued available by a draft drawn on the applicant.14. Negotiate, without recourse, if the credit is available by negotiation with the confirming bank.15. A bank utilizing the services of an advising bank or second advising bank to advise a credit must use the same bank advise any amendment thereto.15.A bank assumes no liability or responsibility for the consequences arising out of theinterruption of its business by Acts of God, riots, civil commotions, insurrections, wars, acts of terrorism, or by any strikes or lockouts or any other causes beyond itscontrol. A bank will not, upon resumption of its business, honor or negotiate under a credit that expired during such interruption of its business.ⅡChoose the correct or best answer to each of the following statements.the line. 2 scores per sub-article, total 28 scores)1. Usually, foreign trade can be conducted on the following terms except for _________.A. open accountB. documentary collectionC. documentary creditD. public bonds1. International cash settlement has the following disadvantages except _______ .A. expensiveB. safeC. riskyD. time-consuming2. The person who pay money is a ______ of a check.A. payeeB. endorserC. drawerD. endorsee2. A check is valid for ______months from the date of issue, unless a shorter period iswritten on the face of it.A .six B. nine C. three D. one3. If a bill is payable “60 days after date”, the date of payment is decided accordingto_____.A. the date of acceptanceB. the date of presentationC. the date of the billD. the date of maturity3. A______carries comparatively little risks and can be discounted at the finest rate of interest.A. sight billB. bank draftC. commercial billD. trade bill4. An acceptance with the wording “payable on delivery of bill of lading ” is ______.A. a general acceptanceB. qualified acceptanceC. non acceptanceD. partial acceptance4. _______must be accepted by the drawee before payment.A. A sight billB. A check payable ×× days after sightC.A promissory noteD.A bill payable ×× days after date5.The same methods of transfer may be used both in advance payment and open account business except___________A. remitting the payment by a banker’s draftB. by mail transferC. by telegraphic transferD. reimbursement5. If the paying bank opens a current account with the remitting bank, the reimbursementmay be effected by ______.A. Instructing the paying bank to claim reimbursement from another branch of the samebank or another bank with which the remitting bank opens an account.B. Debiting remitting bank’s nostro accountC. Instructing a reimbursing bank to pay the paying bank by debiting the remitting bank’snostro account.D. Crediting vostro account of the paying bank.6. ____________ offers the greatest security to the exporter?A. Documents against acceptanceB. Documents against paymentC. Clean collectionD. Acceptance D/P6. ___________ is not a risk that the exporter assumes on documentary collection basis?A. Non-acceptance of merchandiseB. Harm to the reputation due to dishonorC. Exchange restrictionsD. Non-payment of trade acceptance7. With an unconfirmed irrevocable letter of credit, .A. the terms and conditions can be amended or cancelled unilaterally by any partyB. only the exporter can amend the creditC. the advising bank transmits details without commitment to the beneficiaryD. the issuing bank has the ability to cancel the credit at any time7. A confirmed irrevocable letter of credit .A. carries the confirmation of the issuing bankB. always involves at least two banksC. is issued by the advising bankD. creates the highest level of security against sovereign risk8. A standby letter of credit .A. is never revokedB. is not a letter of creditC. is revoked in the event of non-compliance by buyer or seller with the terms of anoriginal creditD. is revoked in the event of non-compliance by buyer or seller with the terms of thesales contract.8. __________is not included in the category of payment guaranteeA Deferred payment bondB Guarantee for compensation tradeC Loan guaranteeD Bid bond9. The sum of the transferred credit will not be .A. the same as in the credit before transferB. less than in the credit beforetransferC. more than in the credit before transferD. equal to the original credit9. Which of the following details on the transferred credit may not be different to that of the credit before transfer? .A. The shipping dateB. The expiry date of the creditC. The description of the goodsD. The name of the applicant10 If a bill of lading is dated on March 15 ,2007 ,the insurance should be covered ___A. on March 15 ,2007B. before March 15 ,2007C after March 15, 2007D on or before March 15 ,200110 Commercial invoice must be made out in the name of ___A the applicantB the beneficiaryC the issuing bankD the advising bank11. A bank will not accept______.A. an insurance policyB. an insurance certificateC. an open coverD. a cover note11. If a credit calls for an insurance policy, banks will accept_______.A. an insurance policyB. an insurance certificateC. both A and BD. open policy12. The seller can get assistance from the factor by latter’s providing an assessment ofthe creditworthiness of the overseas bu yers as well as by latter’s offering credit control and ____________A sales accountingB development of new marketsC international salesD bad debt protection12.F o r f a i t i n g m a k e s t h e s e l l e r t o e vade various risks, except________A.interest-rate risk & currency risk,B.credit riskC.political risk;D. risks due to stop payment order received by the forfaitor in accordance withinternational convention13. ___________ is not the obligation of the trustee?A. To arrange for the goods to be warehoused and insured in the trustee’s name.B. To pay all the proceeds of sale to the bank or to hold them on behalf of the bank.C. Not to put the goods in pledge to other persons.D. To settl e claims of the bank prior to liquidation in case of the trustee’sbankruptcy.13. Measures for a bank before issuing a credit except for_________A.Credit lineB.Importer’s creditworthinessC.Liquidity of the goodsD. Complying presentation14. When the issuing bank decides to refuse to honor or negotiate, it must give a singlenotice to that effect to the presenter.The notice must stateexcept_______A.that the bank is refusing to honor or negotiate;B.each discrepancies in respect of which the bank refuses to honor or negotiate;C.that the bank is holding the documents pending further instructions from thepresenter; or that the issuing bank is holding the documents until it receives awaiver from the applicant and agrees to accept it, or receiving furtherinstructions from the presenter prior to agreeing to accept a waiver, or that thebank is returning the documents; or that the bank is acting in accordance withinstructions previously received from the presenter.D. The notice required to be given by telecommunication only.14. Events regarding to handle trade financing difficulty under credit _____A. Negotiate restrictivelyB. Actions of the issuing bank and his/her customary operationC. Time credit exceeding at 180 daysD. All aboveⅢPlease answer the following questions.（Total 22 scores）Array1.Please translate the following terms of credit and give yoursuggestions on them. ( 4 scores with each sub-article 2 scores)(1)This credit will become operative provided that the necessary authorization beobtained from exchange authority，we shall inform you as soon as theauthorization obtained.(2)copy of telex from applicant to suppliers approving the counter samples(1) This credit is only a preliminary advice and will become effective upon receipt ofour authenticated cable to the advising bank confirming that applicants have receivedand approved the advanced sample.(2) It is an conditions of letter of credit that it only become available provided that allbank charges of this credit are for t he beneficiary’s account.2. Please have an analysis on the difference between forfaiting and factoring. ( 6 scores)2. Please have an analysis on the difference between a documentary credit and a standbycredit. ( 6 scores)3. How to measure & evade risks under international settlement? ( 6 scores)3. Please list kinds of export finance and their application. ( 6 scores)4. how can the Importer & the Exporter to apply financing under credit business? ( 6 scores)4. How to evade risks under documentary collection? ( 6 scores)ⅣPractice combination:① To judge kinds of the credit at least 3 kinds. (3 scores)② Which kinds of documents should be presented to the nominated bank and it’scopies. (8 Scores)③ Issuance a bill of exchange. Remarks: the actual shipment date was 040610.(5 Scores)④ How to show“ Blank endorsement” on the bill of exchange.(2 scores)⑤At the beneficiary’s end, should the terms and conditions of this credit beemended? Please give me a reasonable comments on it. ( 2 scores)FORM OF DOC.CREDIT: IRREVOCABLECREDIT NUMBER: 50000585DATE OF ISSUE: 040506EXPIRY DATE AND PLACE: DATE 040630 PLACE CHINAAPPLICANT BANK: REPUBLIC NATIONAL BANK OF NEW YORK NEW YORK USA APPLICANT: NANCY FABRICS INC, 5 STREET NO.43 AVENUE 5, NEW YORK USA BENEFICIARY: HANGZHOU TENGLONG WEAVING CO., LTD. #198 JIANSHE NO.1 ROAD, XIAOSHAN ECONOMIC &TECHNOLOGICAL DEVELOPMENT ZONE,HANGZHOU CHINA 311215AMOUNT: CURRENCY USD AMOUNT 132,000,00(SAY U.S.DOLLARS ONE HUNDRED AND THIRTY TWO THOUSAND ONLY.) VAILABLE WITH/BY: ISSUING BANKBY ACCEPTANCE AT 60 DAYS AFTER SIGHTDRAWEE TO : OURSELVESPARTIAL SHIPMENTS: PARTIAL SHIPMENTS PROHIBITEDTRANSSHIPMENT: TRANSSHIPMENT ALLOWED.LOADING IN CHARGE: SHANGHAI, CHINAFOR TRANSPORT TO: NEW YORKLATEST DATE OF SHIP: 040615DESCRIPT.OF GOODS: UPHOLSTERY FABRICS AS PER APPLICANT’S ORDER SHEETNO.NKY201 (CIF) SUBJECT TO INCOTERMS 2000 DOCUMENTS REQUIRED:+SIGNED COMMERCIAL INVOICE 2 ORIGINALS AND 3 COPIES+DETAILED PACKING LIST 2 ORIGINALS + 2 COPIES+CERTIFICATE OF ORIGIN 1 ORIGIN AND 2 COPIES+FULL SET NEGOTIABLE CLEAN ON BOARD OCEAN BILLS OF LADING CONSIGNED TO ORDER OF REPUBLIC NATIONAL BANK OF NEW YORK, NEWYORK USA MARKED NOTIFY APPLICANT AND MARKED FREIGHT PREPAID+ ORIGINAL TEXTILE EXPORT LICENSE+INSURANCE POLICY IN DUPLICATE COVERING AT LEAST 110% OF COMMERCIAL VALUE WITH CLAIM PAYABLE IN NEW YORK IN USD AGAINST ICC(A) AND WAR RISKS AND SRCC RISKS.+ORIGINAL EXPORT LINCENCE+ORIGINAL INSPECTION CERTIFICATION QUALITY AND QUANTITIESISSUED BY APPLICANT’S AUTHORIZED AGENT AND HIS SIGNATURE HASBEEN REMAINED IN THE ISSUING BANK.ADDITIONAL REQUIREMENTS:+DRAFTS ARE TO BE MARKED”DRAWN UNDER REPUBLIC NATIONALBANK OF NEW YORK NEW YORK USA AND BEARING CREDIT NUMBERAND THE ISSUING DATE.+A DISCRIPANCY FEE OF USD 50.00 WILL BE DEDUCTED FROM THE PROCEEDS OF ANY DRAWING PRESENTED WITHDISCRIPANCIES+ IT IS A CONDITION OF THIS CREDIT THAT ALL DOCUMENTS ARE TO FORWARDED IN ONE COMPELETE MAILING TO REPUBLICNATIONAL BANK OF NEW YORK NEW YORK USA, INTERNATIONALDEPARTMENT.DETAILS OF EXHARGES: IT IS AN CONDITIONS OF LETTER OF CREDIT THAT IT ONLY BECOME AVAILABLE PROVIDED THAT ALL BANK CHARGES OUTSIDEUSA ARE FOR THE BENEFICIARY’S ACCOUNT。