国际结算1

⑷The transferee in good faith and for value is unaffected by any defects of any other prior parties. 2,Non-caustic Nature , 3,Requisite in Form , 4,Presentment , 5,Returnability ,
Section 2 Bills of Exchange 一, The Definition of Bills of Exchange P226 P43 二, Key Elements of a Bill of Exchange P227 P395
1,It must contain the word like Draft or Exchange or , even Bill of Exchange . 2,Unconditional payable order , ⑴ order ⑵ Unconditional eg. 3,Tenor of payment , ⑴ Bills payable at sight/on demand/on presentation / / (Sight / demand Bill)
Chapter 1 Instruments Used in International Settlement
In this chapter,you will learn:
The three important negotiable instruments: bills of exchange, promissory note and check The functions of a negotiable instruments The characteristics of each instrument The essentials of each instrument
二, Legal System Concerning Laws with Regard to Instrument in The World
1,《 Bills of Exchange Act ,1882》 , 》 British and USA Legal System
2,《Uniform Law for Instruments signed at Geneva》 , 》
Section 1 Brief Account of Instruments 一,The Definition of Instrument 1,Broad Sense Instruments: ,
Documents of title on business
2,Narrow Sense Instruments: ,
⑵ Bills payable at a determinable future time (Time /Term / Usance Bills) A. Bills payable at a fixed time after sight B. Bills payable at a fixed time after date C. Bills payable on a fixed future date 4,An Amount of Money , ⑴Indicate by Money ⑵Certain Amount e.g ⑶ Amount in Words and in Figure
⑶ The authority of holder A. Holder The payee,endorsee or the bearer who is possession of , the draft B. True owner C. Holder for value The holder who acquires a instrument in good faith, whether he gave value or not , providing some previous holder gave value ,he is a holder for value.
四,The Evolution of International Settlement
1,From cash payment to non-cash payment , 2,From direct payment made between traders to , payment effected through banks 3,From Payment against Goods to Payment against , Documents
五,Environment of International Trade Payment 1,The Relations of Banks P195 P20 , ⑴ Branch Banks ⑵ Banking Subsidiaries ⑶ Affiliates ⑷ Correspondent Banks Control Files
2,Endorsement ⑴ Types of Endorsement
Restrictive Endorsement Order Endorsement (Special Endorsement) Blank Endorsement (Endorsement in Blank)
Conditional Endorsement Endorsement for Collection
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5,Name and address of the drawee ,
6, Name of the payee ,
⑴Restrictive order ⑵Demonstrative order ⑶Payable to bearer 7,Place and date of the Exchange ,
Authorized signatures Test keys
Service fees lists SWIFT authentic key
2,Clearing Methods ,
⑴Both of Banks Having an Account Relationship : "We have credited your a/c with us " or "Please debit our a/c with you" ⑵Both of Banks do not have direct account relationship with each other ,but both have opened accounts with the same correspondent bank: "We have authorized Bank X to debit our a/c and credit your a/c with them."
8,Signature of the drawer ,
eg. For and on behalf of ABC Co. Ltd., London
John Smith Manger
Eg
三,Acts on Instrument 1,Issue ,
Draw a draft and sign on it Deliver a draft to the payee
⑵ Efficacy for endorsement
A.To endorser Transfer the claim to money and the right of Transfer Assume the responsibility for guarantee of acceptance and payment Guarantee the direct prior party's signature is true B.To endorsee Obtain all the rights of draft Turn back for endorsement
INTERNATIONAL SETTLEMENT
INSTRUCTOR:程丽萍 : OFFICE: 6-311 E-MAIL: lpcheng@lixin.edu.cn
Reference Book:
1.《国际结算》苏宗祥主编 《国际结算》 赵薇编著 中国金融出版社 东南大学出版社 2.《国际结算 ---国际贸易融资支付方式》 ---国际贸易融资支付方式》 国际贸易融资支付方式 3.《金融专业英语证书考试学习指导》 3.《金融专业英语证书考试学习指导》 初级银行综合类)(第二版) )(第二版 (初级银行综合类)(第二版) 沈素萍编著 中国金融出版社 国际结算》 4.《国际结算》程丽萍等编著 立信会计出版社
二,Study Content of International Settlement —— International Trade Settlement
三 , Study Settlement
1, 1,Instruments
Target
of
International
Trade
2,Methods of Settlement , 3,Documents ,
Continental Legal System 《Uniform Law for Bills of Exchange and Promissory Notes signed at Geneva》 (1930年) 》 年 《Uniform Law for cheques signed at Geneva》 》 (1931年) 年
1,Negotiability P41 , ⑴There are two methods for transfer : Transference , Endorsement and Transference ; ⑵The holder can use his own name to prosecute; ⑶The holder need not give notice of the transfer to the prior parties;
Introduction
一,What is called international settlement
International settlement is the transaction arised from sales of commodities,services provided,transfer of , , funds,international borrowing and loan between two , parties located in different countries which must be entrusted to the banks for payment of or claims to money on behalf of them. .
Instruments are valuable securities to pay money,i.e ,the drawer signed on the instruments and unconditional order others or promise to pay an amount of money,easily negotiable valuable securities ,including bill of exchange , promissory note and cheque .
⑶ Both of Banks have neither a direct account relationship nor a common correspondent bank: "We have instructed Bank X to remit proceeds to you." " 3,World Leading Payment and Clearing System , P210,P31 ,
三,Main Relative Parties to Instrument
1,Drawer: The party who draws and deliver the bills , 2,Drawee , 3,Payee ,
四,The Specific Characteristics for Instrument