国际结算英文PPT

3.4 Reimbursement of Remittance
3.4.2 Types of Remittance Cover Reimbursement
3.4.2.1 Direct Transfer between Accounting Banks
3.4.2.1.1 The Remitting Bank Credits the Paying Bank's Accouunts
3.2 Basic Parties to Remittance
3.2.3 Paying Bank
Paying bank is the bank that is entrusted in the payment instruction by the remitting bank to pay a certain amount of money to the payee or the beneficiary.
3.3.1 Telegraphic Transfer(T/T) Telegraphic transfer means the remitting bank sends its payment order to the paying bank by cable/telex/SWIFT.I t is the most efficient and safest way to transfer fund.
Remitting Bank
Payment Order:In cover,we have credited your account with us
Paying Bank
Credit Adivce: your A|C credited
3.4 Reimbursement of Remittance
3.4.2.1.2 The Remitting Bank Authorizes the Paying Bank to Debit Its Account
3.3 Types of Remittance
The procedures of demand draft
Remitter sign the salபைடு நூலகம்s contract send the draft application receipt checks the authenticity
3.4.1 Definition and Principle of Remittance Reimbursement
Remittance cover means the funds transferred and reimbursed in remittance business. When the paying bank effects payment to the payee according to the remitting bank's instruvtion , the paying bank will be paid the same amount from the remitting bank. This procedures in defined as remittance reimbursement .
Internatianl Settlement
Chapter 3 Remittance
• • • • • •
3.1 Introduction of Remittance 3.2 Basic Parties to Remittance 3.3 Types of Remittance 3.4 Reimbursement of Remittance 3.5 Cancellation of Remittance 3.6 Application 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.
3.3 Types of Remittance
3.3.5 Comparison of Telegraphic Transfer , Mail Transfer and Demand Draft
Items Method T/T The proceeds occupied by r emitting bank no Cost Speed Flexibility Safety
3.3.4 Filling of a Remittance Application Form
• • • • • • • • • • • • • • • • • • • • • • MT100 CUSTOMER TRANSFER Date 960930 Sent to CHAS US 33 REM Chase manhattan new york n.y :20/transaction reference number TT109900/96 :32A/value date, currency code,amount 96093USD200,000.00 :50/ordering customer CHINA INTERNATIONAL WATER AND ELECTRIC CORP BEIJ ING :57/account with bank BANQUE NATIONAL DE TUNISIE TUNIS :59/beneficiary customer /Y10-0127-033254 CORPORATION INTERNATIONAL DES EAUX ET DE I’ELEC TRICTE DE CHINE :70/details of payment REMIT FOR CUSTOMS DUTY ETC :71A/details of charges FOR BENEFICIARY :72/bank to bank information COVER DEBIT US
In cover,we have authorized Bank X to debit our A|C and credit your A|C with them
The remitting bank instructs Remitting Bank Bank X to debit its account
3.2.1 Remittance
Remittance is also called the payer.It is a person who requests his bank to remit funds to the payee or the beneficiary a foreign country.
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 1.Remittance instrument Importer Exporter
fund
2.Reverse Remittance instrument Importer fund Exporter
3.2 Basic Parties to Remittance
3.2.2 Remittance Bank
Remittance Bank is the bank that transfers funds at the request of remitter to its correspondent or branch in anothercountry and instructs the latter to pay a certain amount of money to the beneficiary.
of the draft ,debits the remittingbank's account , effectspayment
Beneficiary presents
the draft
Remitting Bank
sends a debit
Paying Bank
3.3 Types of Remittance
Remitting Bank
Payment Order:In cover,please debit our account with you Debit Advice: your A|C debited
Paying Bank
3.4 Reimbursement of Remittance
3.4.2.2 Indirect Transfer 3.4.2.2.1 Indirect Transfer with Joint Accounting Bank
3.3 Types of Remittance
3.3.3 Demand Draft (D/D) Demanf draft is a remittance that the remitting bank , at the request of the remitter , draws ademand draft on the paying bank , ordering the latter to pay a certain sum of money to the beneficiary(the payee of the draft) on presentation.
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.
3.3 Types of Remittance
The procedures of telegraphic transfer
Remitter application receipt sign the sales contract Beneficiary get payment
notifies
the patment
send a payment Remitting Bank sends a debit Paying Bank
3.3 Types of Remittance
3.3.2 Mail Transfer (M/T)
Mail transfer means that the remitting bank , on the request of the remitter , transfers the funds by mailing a payment order or mail transfer advice , authorizing the paying bank to make pay-ment to the payee or the beneficiary.
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