2012国际结算复习题一

1. New York is the clearing centre for ( A )A. USDB. GBPC.EURD.HKD2. Documentary credit business is subject to ( A )A. UCP600B.URC522C. URDG758D. ISP983. A cheque must be signed by （ A ）A.the drawer B the drawee C. the payer D. the payee4. The（C ）of a promissory note assumes the prime liability to make payment of the note.A. holderB. draweeC. makerD. acceptor5. Collection business is subject to ( B )A. UCP600B.URC522C. URDG758D. ISP986. Tokyo is the clearing centre for ( D )A. USDB. GBPC.EURD.JPY7. TARGET is the electronic clearing system for ( C )A. USDB. GBPC.EURD.JPY8. Among the following documents, the one which is not regarded as control documents is ( D )A. authorized signaturesB. test keysC. schedule of terms and conditionsD. correspondent arrangement9.（ A ）cheque can be cashed over the counter of paying bank.A. An openB. A crossedC. A general crossingD. A special crossing10. A （ B ）carries comparatively little risks and can be discounted at the finest rate of interest.A. sight billB. bank billC. time billD. commercial bill11. A term bill may be accepted by the （B ）A. drawerB. draweeC. holderD. payee12. The bill which must be presented for acceptance is （B ）A. the bill payable at xx days after dateB. the bill payable xx days after sightC. the bill payable on a fixed dateD. the bill payable at sight13. An endorsement ,which prohibits the further negotiation of the instrument ,is called （D ）endorsement .A. qualifiedB. generalC. specificD. restrictive14. The （B ）of the draft is the person who is instructed to make the payment .A. drawerB. draweeC. payerD. payee15. The act which is never involved in check business is （ C ）A.endorsementB.dishonorC.acceptanceD.presentation16. The acceptor of a bill is the person who originally named as ( B ) of the bill.A. drawerB. draweeC.payeeD.endorser17. The first endorser of a bill is the ( C ) of the billA. drawerB. draweeC.payeeD.acceptor18. Which of the following is not a method of remittance? （ C ）A. M/TB. T/TC. T/RD. D/D19.In remittance business ,the remitting bank may send the payment order to the paying bank through SWIFT by ( A )A. MT103B.MT202C. MT400D.MT70020. In remittance business, if both remitting bank and paying bank maintain their A/Cs with a third bank, the reimbursement instruction should be given as ( C )A.in cover , we have credited your A/C with usB.in cover , please debit our A/C with youC.in cover , we have authorized xxx bank to debit our A/C and credit your A/C with themD.in cover , we have instructed A bank to pay the proceeds to your A/C with B bank21. It will be more convenient if the collecting bank appointed by the seller （ B ）A. is a large bankB. is the remitting bank’s correspondent in the place of the importerC. is in the exporter’s countryD. acts on the importer’s instructi ons22. In collection business, dedailed instructions must be sent to the collecting bank （ B ）A. in the application formB in the collection orderC. in the documentsD. in the sales contract23. In collection business, dedailed instructions must be given to the remitting bank （ A ）A. in the application formB in the collection orderC. in the documentsD. in the sales contract24. A bill of exchange which is accompanied by shipping documents is known as （ B ）A. a clean billB. a documentary billC. a clean collectionD. a documentary collection25. All the parties to a collection are bound by （C ）if the collection is subject to it.A. UCP500B.UCP600C. URC522D.URDG75826. Which of the following is not the obligation of the collecting bank?（B ）A.to verify the authenticity of the collection orderB. to take care of goodsC.to release documents strictly on the delivery terms of documents.D.to perform following all the instructions given by the remitting bank.27. Case of need in collection business is the representative of （A ）A.the principalB.the remitting bankC.the collecting bankD.the drawee28. In L/C business , the exporter can receive the payment only when __C____A. he has shipped the goodsB.he has presented the documentsC.the documents presented constitute a complying presentationD.the importer has taken delivery of the goods.29. The issuing bank can refuse to pay the credit amount when ____C___A.the applicant prevents him from making paymentB.the goods are not the same as those stipulated in the sales contractC.one kind of document required by L/C isn’t presented.D.b alance of the applicant’s account is not enough for payment .30. Of the following kinds of L/C, ____D___is the L/C which is especially suitable for use tosettle the payment of trade conducted through a middleman.A.non-transferable creditB.reciprocal creditC.revolving creditD.back to back credit31. Of the following kinds of L/C, ___A___is the L/C which is especially suitable for use to settle the payment of trade conducted through a middleman.A. transferable creditB. reciprocal creditC. revolving creditD.confirmed credit32. Of the following kinds of L/C, ____C___is the L/C which is especially suitable for use to settle the payment under a long tern contract covering goods to be transported by regular partial shipments.A.non-transferable creditB.reciprocal creditC.revolving creditD.back to back credit33. 33. The second beneficiary of a transferable letter of credit is the ( D )A. middlemanB. transferring bankC. the applicant of the transferred creditD. real supplier of the goods34. The first beneficiary of a transferable letter of credit is the ( A )A. middlemanB. transferring bankC. the applicant of the transferred creditD. real supplier of the goods35. An applicant must reimburse an issuing bank unless he finds that ( D )A. goods are defectiveB. goods are not as ordered in the sales contractC. documents received do not allow him to clear the goods through customsD. documents do not conform on the face to the terms and conditions of the credit36. Under letter of credit, the primary debtor is the( C )A. applicantB. importerC. issuing bankD. nominated bank37. The beneficiary of letter of credit is ( A )A. the exporterB. the importerC. the exporter’s bankD. the importer’s bank38. Unless otherwise stipulated , banks will not accept ( D )A.direct B/LB.order B/LC. liner B/LD.received for shipment B/L39. Commercial invoice must be made out in the name of ( B )A.the beneficiaryB.the applicantC.advising bankD.issuing bank40. If there is no indication in the credit of the insurance coverage required, the amount of insurance coverage must be at least ( C ) of the CIF or CIP value of the goods.A. 100%B.105%C. 110%D.120%41. London is the clearing centre for ( B )A. USDB. GBPC.EURD.HKD42. An exporter sells goods to a customer abroad on FOB and on CIF terms, who is responsible for the freight charges in each? ( A )A.importer; exporterB. exporter; importerC. importer; importerD. exporter; exporter43. To the exporter, the fastest and safest method of settlement is ( B )A. letter of creditB. cash in advanceC. open accountD. banker’s draft44. The collecting bank will make a protest only when （ C ）A. the documents are rejectedB. the case of need is nominatedC. instruction to protest is given by the collection orderD. protective measures in respect of the goods are taken.45. In remittance business, if the remitting bank maintains an A/C with paying bank, the reimbursement instruction should be given as ( B )A.in cover , we have credited your A/C with usB.in cover , please debit our A/C with youC.in cover , we have authorized xxx bank to debit our A/C and credit your A/C with themD.in cover , we have instructed A bank to pay the proceeds to your A/C with B bank46. Of the following kinds of L/C , ( C ) is the L/C in which drafts are always required.A.sight payment creditB.deferred payment creditC.acceptance creditD.negotiation credit47. Of the following kinds of L/C, ____B___is the L/C which is especially suitable for use to settle the payment under barter transaction.A.non-transferable creditB.reciprocal creditC.revolving creditD.back to back credit48. Which of the following payment method is based on commercial credit?( C )A.letter of creditB.banker’s letter of guaranteeC. collectionD. standby credit49. Under D/A, the documents will not be delivered to the buyer until （D ）A. the goods have arrivedB. the documents have arrivedC. the documents are presented to the buyerD. the bill is accepted by the buyer50. Which type of collection offers the greatest security to the exporter? （ B ）A. documents against acceptance collectionB. documents against payment collectionC. clean collectionD. documentary collection51.Frankfurt is the clearing centre for ( C )A. USDB. GBPC.EURD.HKD52. The draft with the tenor written as ( B ) must be presented for acceptance.A.payable at sightB. payable at 30days after sightC. payable at 30 days after dateD. payable at 30 days after shipment date53. In collection business, banks are obligated to verify the documents received to see that （C ）A. they are authenticB. they are regularC. they are the same as those listed in the collection instructionD. they are in the right form54. Under the anticipatory credit,on which party does the final responsibility lie for reimbursement if the terms and conditions are not fulfilled by the beneficiary? ( D )A. the issuing bankB. the advising bankC. the beneficiaryD. the applicant55. Unless otherwise stipulated , banks will not accept ( C )A.direct B/LB.order B/LC. unclean B/LD.liner B/L56. If the reimbursement instruction written on the payment order is expressed as ‘in cover, please debit our A/C with you’, the A/C relationship between the remitting bank and the paying bank must be( B )A. the paying bank maintains an A/C with remitting bankB. the remitting bank maintains an A/C with paying bankC. both remitting bank and paying bank maintain their A/Cs with a third bankD. remitting bank and paying bank have their A/Cs with two different banks57. The credit may only be confirmed if it is so authorized or requested by ( A )A. the issuing bankB. the supplierC. the advising bankD. the beneficiary58. The endorsement which has no intention to transfer the ownership of the instrument is ( D )A. blank endorsementB. special endorsementC. conditional endorsementD. endorsement for collection59. Under D/P, the documents will not be delivered to the buyer until （ D ）A. the goods have arrivedB. the documents have arrivedC. the documents are presented to the buyerD. the bill is paid by the buyer60. Confirmation of a credit may be given by （B ）A. the beneficiary at the request of the importerB. the advising bank at the request of the issuing bankC. the advising bank after the receipt of correct documentationD. the issuing bank after the receipt of correct documentation61. The drawer of a draft drawn under letter of credit may be ( A )A. the beneficiaryB. the applicantC. the issuing bankD. the negotiating bank62. The red clause credit is often used as a method of ( B )A. providing the buyer with funds prior to shipmentB. providing the seller with funds prior to shipmentC. providing the buyer with funds after shipmentD. providing the seller with funds after shipment63. CHIPS is the electronic clearing system for ( B )A.GBPB. USDYD. EUR64. In collection business, the drawee of the draft for collection is ( B )A. sellerB. buyerC. remitting bankD. collecting bank65. The message type which is used to issue letter of credit through SWIFT is numbered ( A )A. 700B. 705C. 707D. 71066. To the importer, the most favorable method of settlement is ( C )A.letter of creditB. cash in advanceC. open accountD. collection67. CHAPS is the electronic clearing system for ( A )A.GBPB. USDYD. EUR68. BOJ-NET is the electronic clearing system for ( D )A. USDB. GBPC.EURD.JPY69. The seller should arrange for the insurance of the goods transportation under ( C )A.FOBB.CFRC.CIFD.EXW70. The means of authenticating payment order in telegraphic transfer is the（ C ）A. correspondent arrangementB. schedule of terms and conditionsC. test keyD. authorized signatures71. The instructions for collection are mainly （D ）A. given in the S/CB. written on the bill of exchangeC. given by the importerD. given by the exporter72. The applicant of letter of credit is ( B )A. the exporterB. the importerC. the exporter’s bankD. the importer’s bank73. A bill of lading doesn't function as ( D )A. a contract of transportationB. a receipt of goodsC a certificate of title to the goods D. an accounting document74. If the bill is payable “60 days after date”, the date of payment is decided according to （C ）A. the date of acceptanceB. the date of presentationC. the date of issuanceD. the date of maturity75. The means of authenticating payment order in mail transfer is the （ D ）A. SWIFT authentic keyB. schedule of terms and conditionsC. test keyD. authorized signatures76. The party to whom the bill is addressed is called the（B ）A. drawerB. draweeC. holderD. payee77. In collection business, the drawer of the draft for collection is ( A )A. sellerB. buyerC. remitting bankD. collecting bank78. Of the following kinds of L/C , __B_____is the L/C which require no drafts at all.A.sight payment creditB.deferred payment creditC.acceptance creditD.negotiation credit79. A check is a （D ）draft drawn on a bankA. timeanceC. directD. demand80. The act which is never involved in promissory note business is （ C ）A.endorsementB.dishonorC.acceptanceD.presentation实务操作题Please draw a draft according to the following materials:Native Product Imp.and Exp. Corporation Jiangsu branch sold some goods valued GBP54,000.00 to Polar Furs LTD,London. For settlement ,the exporter drew a draft on the importer on Feb 20, 2012, asking the latter to pay 100% of the proceeds to the order of exporter 30 days after the date of issue.（1）根据下列材料签发汇票出口商（Native Products Imp.and Exp. Corporation, Jiangsu ）出售价值为54000英镑的货物给进口商（Polar Furs LID.，London）。