国际结算英文版讲义PPT
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国际结算第1讲-精品文档
现代意义上的票据，结算以银行为中心 和中介。票据制度和银行制度密不可分。
二、从“凭货付款”到“凭单付款”
条件：单据证券化 分工的发展使航运业、保险业和商业分离。 航运业：定期航线的开辟、巨型船舶的出现，使 航运有了很大的发展，商人不再亲自驾船出海，而是 委托船东运送货物。提单出现。 保险业：航运业的发展，船东运送货物时要转嫁 风险，保险业产生，保单出现。 后来提单的性质发生变化： 一般性的运输契约、货物收据
1.2国际结算的发展历史
一、从现金结算发展到非现金结算
(条件：票据的产生和推广）
二、从“凭货付款”到“凭单付款”
（条件：单据证券化）
三、从买卖直接结算到通过银行结算
（条件：凭单付款、现代资本主义银行的出现）
四、从简单结算方式到复杂结算方式
（条件：国际贸易的不断发展）
一、从现金结算发展到非现金结算
可背书转让的物权凭证
交单代表交货
三、从买卖直接结算到通过银行结算
条件：凭单付款、现代资本主义银行的出现
18世纪60年代，世界重要资本主 义国家完成工业革命，银行业发生深 刻变化：
高利贷性质的封建银行
担任信用和支付中介的资本主义银行
开展国内的存、放款业务及 国际借贷和国际结算业务
银行在国际结算中的作用
实务、国际贸易实务和银行业务的交 叉。
Structure
1.国际结算工具（票据）： 国际结算中的主要支付工具，代替现金执行支付手段 汇票 （Bill of Exchange, Draft） 本票 （Promissory Note） 支票 （Check, Cheque） 2.国际结算方式：支付方式，实现货币跨国收付的手段。 基本方式
现代票据制度的发展和完善，大体经历了四个阶段：
二、从“凭货付款”到“凭单付款”
条件：单据证券化 分工的发展使航运业、保险业和商业分离。 航运业：定期航线的开辟、巨型船舶的出现，使 航运有了很大的发展，商人不再亲自驾船出海，而是 委托船东运送货物。提单出现。 保险业：航运业的发展，船东运送货物时要转嫁 风险，保险业产生，保单出现。 后来提单的性质发生变化： 一般性的运输契约、货物收据
1.2国际结算的发展历史
一、从现金结算发展到非现金结算
(条件：票据的产生和推广）
二、从“凭货付款”到“凭单付款”
（条件：单据证券化）
三、从买卖直接结算到通过银行结算
（条件：凭单付款、现代资本主义银行的出现）
四、从简单结算方式到复杂结算方式
（条件：国际贸易的不断发展）
一、从现金结算发展到非现金结算
可背书转让的物权凭证
交单代表交货
三、从买卖直接结算到通过银行结算
条件：凭单付款、现代资本主义银行的出现
18世纪60年代，世界重要资本主 义国家完成工业革命，银行业发生深 刻变化：
高利贷性质的封建银行
担任信用和支付中介的资本主义银行
开展国内的存、放款业务及 国际借贷和国际结算业务
银行在国际结算中的作用
实务、国际贸易实务和银行业务的交 叉。
Structure
1.国际结算工具（票据）： 国际结算中的主要支付工具，代替现金执行支付手段 汇票 （Bill of Exchange, Draft） 本票 （Promissory Note） 支票 （Check, Cheque） 2.国际结算方式：支付方式，实现货币跨国收付的手段。 基本方式
现代票据制度的发展和完善，大体经历了四个阶段：
国际结算英文PPT
high
fast
safe Payment ord er may be lo st or delayed Demand dra ft may be los t or delayed
M/T
yes
low
slow
D/D
yes
low
slow
negotiable
3.4 Reimbursement of Remittance
• According to the flow direction of instrument and fund , remittance in broad sense can be classified into remittance in narrow sense and reverse remittance.
3.2.4 Payee
Payee is also called the beneficiary. It is the person who is addressed to receive the remitting fund.
3.3 Types of Remittance
Generally speaking , there are three different type of rem ittance.they are telegraphic transfer(T/T) , mail transfer( M/T) and demand draft(D/D).
3.1 Introduction of Remittance
• Remittance , as a frequently used payment method in international trade ,refers to funds from one party to another among different countries.
国际结算(杨娟著)英文课件4
3.3 Promissory note
3.3.1 Definition of a promissory note 3.3.2 Characteristics of a promissory note 3.3.3 Contents of a promissory note 3.3.4 Classification of a promissory
Signed
3
3.3.2 Characteristics of a promissory note
(1) It is an unconditional promise in writing (2)The basic parties to a promissory note are the maker and the payee (3) There is no need to accept the instrument if it is payable at a fixed or determinable future time (4)The same promissory note can only be made once
2
Sample
PROMISSORY NOTE
Hong Kong, March 15, 2011
USD 5 000.00
On demand we promise to pay to the order of D Company the sum of Five Thousand U.S Dollars only For A Company Hong Kong
4
3.3.3 Contents of a promissory note
Requisite items:
3.3.1 Definition of a promissory note 3.3.2 Characteristics of a promissory note 3.3.3 Contents of a promissory note 3.3.4 Classification of a promissory
Signed
3
3.3.2 Characteristics of a promissory note
(1) It is an unconditional promise in writing (2)The basic parties to a promissory note are the maker and the payee (3) There is no need to accept the instrument if it is payable at a fixed or determinable future time (4)The same promissory note can only be made once
2
Sample
PROMISSORY NOTE
Hong Kong, March 15, 2011
USD 5 000.00
On demand we promise to pay to the order of D Company the sum of Five Thousand U.S Dollars only For A Company Hong Kong
4
3.3.3 Contents of a promissory note
Requisite items:
国际结算英文课件
Capital & Financial account ➢ capital item ➢ financial item
§1.1What is “International Settlement”
International Settlement
Financial activities conducted among
financial activities across the borders generated in the course of other economic,political and cultural contracts.
Key issues in international settlement:
financing and payment? Etc...
§1.1What is “International Settlement”
➢International Trade Settlement
financial activities arisen from international commercial transactions.
➢International Non-trade Settlement
§1.1 What is“International Settlement”
Commodity Production Exchange of commodity Circulation of Commodity Circulation of Currency
§1.1 What is “International Settlement”
Focal and difficult points
The historical development of international settlement and its system; the fund clearing systems in major international financial centers.
§1.1What is “International Settlement”
International Settlement
Financial activities conducted among
financial activities across the borders generated in the course of other economic,political and cultural contracts.
Key issues in international settlement:
financing and payment? Etc...
§1.1What is “International Settlement”
➢International Trade Settlement
financial activities arisen from international commercial transactions.
➢International Non-trade Settlement
§1.1 What is“International Settlement”
Commodity Production Exchange of commodity Circulation of Commodity Circulation of Currency
§1.1 What is “International Settlement”
Focal and difficult points
The historical development of international settlement and its system; the fund clearing systems in major international financial centers.
《国际结算实务英语》课件
Summary: A letter of credit is a payment guarantee document issued by a bank, in which one party (the applicant) requests the other party (the beneficiary) to receive payment when specific conditions are met.
Summary
Political risk refers to the risk that transactions cannot proceed normally in international trade due to political factors (such as war, political turmoil, changes in trade policies, etc.).
Basic process
02
Notes in international settlement
Draft is a written agreement indicating the existence of unfinished transactions or commitments between two parties.
Usage
Content
Usually includes a description of the goods or services, quantity, unit price, total price, and payment method.
ห้องสมุดไป่ตู้
Definition
An Invoice is an invoice used to provide detailed transaction information to another party and request payment.
国际结算双语课件第五章 信用证结算方式
applicant
applicant Sales contract
beneficiary
L/C
issuing bank
通知行（Advising bank）
Accurately transmit the terms of credit and check the apparent authenticis of a L/C
• • • • A written undertaking on the part of the issuing bank Independent of the sales contract Exclusively dealing with documents High level of protection and security to both buyers and sellers • Abide byUCP500, Uniform Customs and Practice for Documentary Credits, ICC Publication No.500 1929/74， 1933/82，1951/151，1962/222，1974/290，1983/400， 1993/500, 2006/600 全文共49条，包括：总则与定义、信用证的格式与通 知、责任与义务、单据、杂项规定、可转让信用证和 款项让渡七个部分。
审单原则偿付或拒付偿付行偿付偿付授申请人付款放单出口信用证进口信用证types按信用证是否有另一银行加以保证兑付分为保兑信用证confirmedlc和不保兑信用证缄默保兑silentconfirmation根据受益人对信用证的权利是否可转让可分为可转让信用证transferablelc和不可转让信用证按信用证的兑付方式可分为预支信用证即期付款信用证延期付款信用证承兑信用证和议付信用证对开reciprocallc信用证和伊士克罗escrowlc信用revocablecreditissuingbankwithoutbeneficiarysconsentevenwithoutpriornoticeissuingbanknoticenominatedbankdocumentsdeliverednominatedbankwhichhasmadepaymentacceptnegotiationpriorirrevocablecreditdefiniteundertakingconfirmedconfirmationconfirmedirrevocablecreditdoubleassuranceucp500confirmationcanonlyaddedissuingbank
applicant Sales contract
beneficiary
L/C
issuing bank
通知行（Advising bank）
Accurately transmit the terms of credit and check the apparent authenticis of a L/C
• • • • A written undertaking on the part of the issuing bank Independent of the sales contract Exclusively dealing with documents High level of protection and security to both buyers and sellers • Abide byUCP500, Uniform Customs and Practice for Documentary Credits, ICC Publication No.500 1929/74， 1933/82，1951/151，1962/222，1974/290，1983/400， 1993/500, 2006/600 全文共49条，包括：总则与定义、信用证的格式与通 知、责任与义务、单据、杂项规定、可转让信用证和 款项让渡七个部分。
审单原则偿付或拒付偿付行偿付偿付授申请人付款放单出口信用证进口信用证types按信用证是否有另一银行加以保证兑付分为保兑信用证confirmedlc和不保兑信用证缄默保兑silentconfirmation根据受益人对信用证的权利是否可转让可分为可转让信用证transferablelc和不可转让信用证按信用证的兑付方式可分为预支信用证即期付款信用证延期付款信用证承兑信用证和议付信用证对开reciprocallc信用证和伊士克罗escrowlc信用revocablecreditissuingbankwithoutbeneficiarysconsentevenwithoutpriornoticeissuingbanknoticenominatedbankdocumentsdeliverednominatedbankwhichhasmadepaymentacceptnegotiationpriorirrevocablecreditdefiniteundertakingconfirmedconfirmationconfirmedirrevocablecreditdoubleassuranceucp500confirmationcanonlyaddedissuingbank
国际结算双语课件Chapter 1 General introduction
Definition of payment system
A payment system is the means whereby cash value is transferred between a payer’s bank account and a payee’s account. It includes: 1) policies and procedures, including rules for crediting and debiting balance; 2) a medium for storing and transmitting payment information; 3) financial intermediaries for organizing information flow, carrying out value transfer instructions, and generally administering payment activities.
“in cover, we have authorized Bank of China, Beijing to debit our account and credit your account with them.”
Selecting a correspondent bank
➢ reputation and creditworthiness; ➢ size and financial status; ➢ location; ➢ services offered by it; ➢ polices and strength of it; ➢ physical features and personnel; ➢ momentum of early start
国际结算实务英语5共22页
3)opens a L/C
2)application and
cash deposits
8)examine
documents
and ask
the buyer
to redeem
Issuing bank
Procedures of a L/C
1、Sales contract between importer and exporter 2、Importer makes the application form 3、Issuing bank exam the creditworthiness, pass L/C to the
Description of goods -- It should be made in a general term
Stipulate Documents -- Commercial invoice、Transport documents、 Insurance Documents，Certificate of origin Certificate of inspection、Packing list
What is a letter of credit
A L/c is a written undertaking by the issuing bank to the beneficiary, under which the bank will pay a sum certain in money to the beneficiary if the beneficiary of the L/C provides the bank with specified documents within a prescribed time period, which all comply with the terms and conditions of the credit.
chapter 8 draft and invoice 《国际结算》 PPT课件
8.1.2 Attentions should be paid when preparing the draft.
1) Draft under L/C should follow its rules and regulation of L/C.
2) Draft under collection should be in accordance with international general practice related and rules of bills.
3) The amount and the currency should not conflict with L/C and the contract it affiliated with.
8.1.3 Essentials of Draft Review Review of documents generally takes the draft and invoice
L/C practice involves in only documents’ business. Over years, when banks refer to the matching principles, they could only review the careful but artificial conformity among L/C and documents required, which could be certified in various editions of UCP. Thus in practice, provided that the beneficiary submits documents with such minor discrepancy as word-spelling error with no ambiguity, the bank should
国际结算(杨娟著)英文课件8
13
6.6.6 Back to back Credit 6.6.7 Reciprocal Credit 6.6.8 Revolving Credit
6.6.9 Anticipatory Credit
6.6.10 Escrow L/C
14
6.3.1 Clean credit and Documentary credit
4
Cases
If L/C stated, partial shipment is not allowed. Beneficial shipped the cargo from Ningbo by two boats and then joined together shipped to Philippines. The issuing bank raises there are discrepancies with the L/C. Do you agree with the issuing bank?
Can we accept this kind of B/L?
No, we cannot. Since the port of loading in B/L is not the same as that in L/C 7
Some notes on shipment date, period of presentation of documents and the expiry date :
一次性列出全部不符点，不符点必须明确
表明单据已代为保管听候处理，或已退给交单人
11
12
6.6 Types of L/C
6.6.6 Back to back Credit 6.6.7 Reciprocal Credit 6.6.8 Revolving Credit
6.6.9 Anticipatory Credit
6.6.10 Escrow L/C
14
6.3.1 Clean credit and Documentary credit
4
Cases
If L/C stated, partial shipment is not allowed. Beneficial shipped the cargo from Ningbo by two boats and then joined together shipped to Philippines. The issuing bank raises there are discrepancies with the L/C. Do you agree with the issuing bank?
Can we accept this kind of B/L?
No, we cannot. Since the port of loading in B/L is not the same as that in L/C 7
Some notes on shipment date, period of presentation of documents and the expiry date :
一次性列出全部不符点，不符点必须明确
表明单据已代为保管听候处理，或已退给交单人
11
12
6.6 Types of L/C
国际结算实务英语5
What is a letter of credit
Characteristics of a letter of credit
-- A written undertaking on the part of the issuing bank -- Independent of the sales contract -- Exclusively dealing with documents
bank or negotiating bank may request cover after paying or negotiating the documents. the reimbursing bank shall not examine the documents
Parties to a L/C
Issuing bank/the buyer’s bank -- By issuing a credit the issuing bank undertakes full
responsibility for payment
Parties to a L/C
Beneficiary/seller
discrepancy between documents and the credit; -- right to examine the documents and refuse payment; -- any requirement of the applicant should be satisfied by certain documents and clearly indicated when making credit application Issuing application form
国际结算的PPT课件第四章Remittance
remittance and reverse remittance.
There are two main kinds of methods of settlements, namely remittance and reverse remittance. The remittance is that the funds flow in a favorable direction to the payment instructions transmitted therefrom. The reverse remittance is that the funds flow in a contrary direction to the payment instructions transmitted therefrom.
Remitter
Payee/Beneficiary
Remitting Bank
Paying Bank
Outward Remittance Inward Remittance
Outward Remittance
The remittances which are handled by
the home remitting bank
(4)
Upon receipt of the payment order, the paying bank verifies the authorized signatures, notifies the beneficiary, and pays to him the stated amount minus expenses charged by itself.
Remittance by Banker’s Demand Draft(D/D)
国际结算英文课件 chapter2 Instruments
2 Opening Case
a brief case of the three negotiable instruments：
A in New York imports a batch of chairs from B in Paris, the total value is 10,000 dollars, order number: 95E03LC001, shipment date: July 10th, 2011, and it is stipulated in the contract that payment should be effected within 30 days after shipment; C in Paris buys desks from D in New York with total
Chapter 2 Negotiable Instrument
• 2.1 General Introduction of Negotiable Instruments
• 2.2 Bill of Exchange • 2.3 Promissory Notes • 2.4 Cheque
1 Definition of Negotiable Instrument
the cash flow is： A
D
cash flow
B
We can see clearly from the left chart that the cash flow goes from A to B to C and finally D. In other words, A is the party that would effect payment finally, and on the contrast, D is the party that would receive money.
国际结算英文版第2版教学课件chapter1 Introduction
1.3
Emergence and Development of International Settlement
1.3.1 Emergence of International Settlement 1.3.2 Development of International Settlement
1.3.1 Emergence of International Settlement
The Banking Network in International Settlement
1.1
Definition and Contents of International Settlement
1.1.1 Definition of International Settlement 1.1.2 Main contents of International Settlement
1.3
Emergence and Development of International Settlement
1.4 Role of Banks in International Settlement
1.5
Related International Customs and Practices
1.6
following condition at the same time: 1.The importers and the exporters must have a closed
business relationship with a foundation of mutual trust. 2. The worth of trading goods and payment time must be
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1.Advantage . Advantage of D/D: Demand draft is a negotiable instrument,
which can be transferred so that it is more convenient in use for payment. Advantage of M/T It involved bank-to-bank instruction with banks responsible for making payments, so it is rather reliable. Advantage of T/T THE FASTEST WAY
(2) Remitting bank, outward remittance (3) Paying bank, inward remittance (4) The payee
3
2. Methods:
(1) Remittance by air mail----M/T
Payment order, mail advice or credit advice/ please debit advice are transmitted by airmail.
5
§2.3 Procedures
1. The procedure for bank remittance by mail or by cable usually comprises the following:
(1)Written application (2)Debit advice (3)Payment order (4)Payment (5)Reimbursement claim
Chapter 2 International Bank Remittance
In this chapter, we will learn: 1. Methods, parties and procedures of remittance 2. Advantages and disadvantages of remittance. 3. Practice of remittance. 4.The function of remittance in international trade.
1
§2.1 Definition
International remittance happens when a client (payer) asks his bank to send a sum of money to a beneficiary abroad by one of the transfer methods at his option.
Remitter
①
②
电
汇
电
申
请
汇
书
回
交
款
执
付
费
资金
Beneficiary BVENEFICIA R④Y ⑤ ⑥
电收付 汇据款 通
知
书
Remitting Bank
③ 加押电传/电报 ⑦ 付讫借记通知书
Paying Bank
8
2. The process of a demand draft is as follows: (1) D/D application (2) Bank sight draft. (3) The remitter forwards the draft to the payee. (4) The payee presents the draft to the drawee
2
§ 2.2 parods
1. Parties involved in international bank remittance include the following:
(1) The remitter The remitter is also the payer.
6
Remitter
①
②
信
汇
信
申
请
汇
书
回
交
款
执
付
费
Remitting Bank
Mail transfer, M/T
资金
Beneficiary BVENEFICIA ④ RY ⑤ ⑥
信 收付 汇 据款 通
知
书
③ 邮寄信汇委托书 ⑦ 付讫借记通知书
Paying Bank
7
Telegraphic transfer, T/T
(2) Remittance by cable/telex/SWIFT---T/T
Instructions are transmitted by cable, through SWIFT/CHIPS …
(3) Remittance by banker’s demand draft.----
D/D
4
A banker’s draft is a negotiable instrument drawn by a bank on its overseas branch or its correspondent abroad ordering the latter to pay on demand the stated amount to the holder of the draft. It is often used when the client wants to transfer the funds to his beneficiary himself.
bank for payment. (5) The drawee bank verifies the signatures, pays
the draft, and claims back the amount that is paid according to its agency arrangement with the remitting bank.
9
Banker’s Demand Draft, D/D
Remitter
①
②
票
银
汇
行
申
即
请
期
书
汇
票
交
款
付
费
Remitting Bank
资金
③ 银行即期汇票
④ 汇款通知书（票根） ⑦ 付讫借记通知书
Beneficiary
⑤
⑥
银
付
行
即
款
期
汇
票
Paying Bank
10
§2.4 Advantage and Disadvantage
which can be transferred so that it is more convenient in use for payment. Advantage of M/T It involved bank-to-bank instruction with banks responsible for making payments, so it is rather reliable. Advantage of T/T THE FASTEST WAY
(2) Remitting bank, outward remittance (3) Paying bank, inward remittance (4) The payee
3
2. Methods:
(1) Remittance by air mail----M/T
Payment order, mail advice or credit advice/ please debit advice are transmitted by airmail.
5
§2.3 Procedures
1. The procedure for bank remittance by mail or by cable usually comprises the following:
(1)Written application (2)Debit advice (3)Payment order (4)Payment (5)Reimbursement claim
Chapter 2 International Bank Remittance
In this chapter, we will learn: 1. Methods, parties and procedures of remittance 2. Advantages and disadvantages of remittance. 3. Practice of remittance. 4.The function of remittance in international trade.
1
§2.1 Definition
International remittance happens when a client (payer) asks his bank to send a sum of money to a beneficiary abroad by one of the transfer methods at his option.
Remitter
①
②
电
汇
电
申
请
汇
书
回
交
款
执
付
费
资金
Beneficiary BVENEFICIA R④Y ⑤ ⑥
电收付 汇据款 通
知
书
Remitting Bank
③ 加押电传/电报 ⑦ 付讫借记通知书
Paying Bank
8
2. The process of a demand draft is as follows: (1) D/D application (2) Bank sight draft. (3) The remitter forwards the draft to the payee. (4) The payee presents the draft to the drawee
2
§ 2.2 parods
1. Parties involved in international bank remittance include the following:
(1) The remitter The remitter is also the payer.
6
Remitter
①
②
信
汇
信
申
请
汇
书
回
交
款
执
付
费
Remitting Bank
Mail transfer, M/T
资金
Beneficiary BVENEFICIA ④ RY ⑤ ⑥
信 收付 汇 据款 通
知
书
③ 邮寄信汇委托书 ⑦ 付讫借记通知书
Paying Bank
7
Telegraphic transfer, T/T
(2) Remittance by cable/telex/SWIFT---T/T
Instructions are transmitted by cable, through SWIFT/CHIPS …
(3) Remittance by banker’s demand draft.----
D/D
4
A banker’s draft is a negotiable instrument drawn by a bank on its overseas branch or its correspondent abroad ordering the latter to pay on demand the stated amount to the holder of the draft. It is often used when the client wants to transfer the funds to his beneficiary himself.
bank for payment. (5) The drawee bank verifies the signatures, pays
the draft, and claims back the amount that is paid according to its agency arrangement with the remitting bank.
9
Banker’s Demand Draft, D/D
Remitter
①
②
票
银
汇
行
申
即
请
期
书
汇
票
交
款
付
费
Remitting Bank
资金
③ 银行即期汇票
④ 汇款通知书（票根） ⑦ 付讫借记通知书
Beneficiary
⑤
⑥
银
付
行
即
款
期
汇
票
Paying Bank
10
§2.4 Advantage and Disadvantage