国际支付与结算考试

(一）名词解释(1)Presentment: A draft must be duly presented for payment if it is a sight bill or dully presented for acceptance first and then presented for payment at maturity if it is a time bill.(2) Acceptance: Acceptance of a draft is a signification by the drawee of his assent to the order given by the drawer.(3) Protest : A written statement under seal drawn up and signed by a notary public or other authorized person for the purpose of giving evidence that a bill of exchange has been presented by him for acceptance or for payment but dishonored(4) Endorsement: It is an act of negotiation.prerequisites for a valid endorsement:It should be normally effected on the back of a draft and signed by the endorserIt must be made for the whole amount of the draft. (5) Definition of International payments and settlements .International payments and settlements are financial activities conducted among different countries in which payments are effected or funds are transferred from one country to another in order to settle accounts , debts, claims, etc, emerged in the course of political economic or cultural contacts among then.(6) Definition of collection 托收的定義----is an arrangement where by the goods are shipped and a relevant bill of exchange is drawn by the seller on the buyer, and/or shipping documents are forwarded to the seller's bank with clear instructions for collection through one of its correspondent bank located in the domicile of the buyer.（7）D/P(documents against payments)The collecting bank may release the documents only against full and immediate payment ,insofar as national ,federal or local laws or regulations do not prevent it.（8）D/A(documents against acceptance)The presenting bank may release the documents to the buyer against the buyer’s acceptance of a draft, drawn payable 30-180days after sight ordue on a definite date.(9)议付二、简答(1) Evolution of International Payments and Settlementsa: From Cash Settlement to Non-Cash Settlementb: From Direct Payment Made between International Traders to Payment effected through a Financial Intermediary(從貨商之間支接支付到通過金融中介進行支付)c: From payments under Simple Price Terms to Payments under More Complex price Terms(從使用简单贸易术语支付到使用复杂贸易术语支付)(2) Four kinds of endorsementsa: Blank Endorsement An endorsement in blank is one that shows an endorser's signature only and specifies no endorseeb: Special endorsement. A special endorsement is one that specifies an endorsee to whom or whose order the draft is to be paid, in addition to the signature of on endorser. For example, "Pay Hhn Smths"c: Restrictive endorsement: An endorsement is restrictive when it prohibits further transfer of the draft.For example "Pay John Smiths only" d: Conditional endorsement: A conditional endorsement is a special endorsement adding some word there to that create a condition bound to be merit before the special endorsee in entitled to receive payment.The endorsement is liable only if the condition is fulfilled（3）票据的性质1、流通转让性（negotiability)2、无因性（non-causative nature)3、要式性（requisite in form)4、提示性（presentment）5、返还性(returnability)6、设权性(Right Establishing)7、文义性(Word Meaning)三、填空题Chapter 2(1)Before the sixth century B.C. , goods were exchanged between traders in different countries on a (barter) basis.(2)A (coin) ended the barter transactions.(3)The shipment of gold or silver across national boundaries was both (expensive) and risky.(4)Nostro account means (our) account.(5)(Vostro) account means your account.(6)To Bank of China, a RMB account held by Bank of England is called (vostro) account(7)If a British bank has an account in Paris with a French bank, it will refer to that account as (nostro) account(8)Control documents are lists of (specimen of Authorized signatured), (Telegraphic Test Keys), (Terms and Conditions)and (SWIFT Authentic Key).Chapter 4(1)International remittance happens when a client (payer) asks his bank to send a sum of moner to a <beneficiary> abroad by one of the transfer methods at his option.(2)A (payment orde r,mail advice, or debit advice)is an authenticated order in writing addressed by one bank to anther instructing the latter to pay a sum oertain in moner to a specified person or a beneficiary named thereon.(3)Telegraphic transfer is often used when (the remittance amount is large) and (the transfer of funds is subject to a time limit). The only means of authenticating a cable transfer is the (test key).(4)Under D/D, upon receipt of the draft, the beneficiary can either present is for payment at the counter of the drawee bank or (sell it to his own bank for crediting his account).(5)The whole procedure virtually is done by entries over banking accounts, where the buyer's bank (remitting bank) <debits> his account and <credits> the account of the correspondent bank.(6)In time of war, one can transfer funds out of the enemy country bymeans of the (demand draft) in virtue of its negotiability.(7)The remitting bank under D/D is generally reluctant to stop payment on a draft issued by itself for this would mean an (act of dishonor) on its part which will have an unfacorable effect on its credit-worthiness.(8)A large number of international remittances are carried out by telecommunications (swiftness, r eliability, safety) and (inexpensiveness) are major advantages of transactions among member banks by means of SWIFT messages.(9)If the paying bank maintains the remitting bank's account, the reimbursementmay be effected by (debiting remitting banks nostro account)(10)Any methods of transfer may be used to transfer the payment before (delivery of the goods) from the ......Chapter 5(1)If the collecting bank is not located near the importer, it would send the documents to a (presenting bank) in the importer's city(2)In a documentary collection the bank, acting as the exporter's agent, regulates the tming and sequence of the exchange of goods for value by holding the (title documents) until the importer either ((pays the draft) or (accepts the obligation to do so ).(3)The clean collection method lacks the protection of the documentary collection. It is generally used in countries where a draft is needed for (legal) purposesor because it is required by (t he exchange control authorities )(4)Under documents againse acceptance, after acceptance, after acceptance, the buyer gains possession of the goods before (the payment is made) and is able to dispose of the goods as he wishes.(5)Collections serve as a conpromise between (open account) and (advance payment) in settlement of international transactions concluled by the implrter and the exporter.(6) (Inward collection) is a banking business in which a bank acting as the collecting bank receives the draft with or without shipping documents attached as well as the instructions from a bank abroad and endeavors to collect the payment or obtain the acceptance from the importers.(7)Collection bill purchased inbolves great risk for (the remitting bank) for lack of bank's guarantee, so they are seldom willing wo do so .(8)The collecting bank authorizing the release of title documents on (trust receipt) must realize that this financing requires a great degree of confidence in the reputation ,honesty , and integrity of the customer acting as trustee.(9)Under(D/P at sight), the seller issres a draft. The collecting bank presents the draft to the buyers. When the buyer sees it he must pay the money at once, then he can get the shipping documents.(10) The remitting bank sends (documents, draft and collection order) to the collecting/presenting bank in the importer's country that notifies the importer.Chapter 7(1)When the beneficiary presents the documents to his bank,he must follow the "3C principle" in his documentation, the "3C" represent (completeness, correctness, c onsistenly).(2)The credit is legally quite independent of the (underlying transaction)(3)If a letter of credit is issued by air mail, it ought wo be authenticated by (authorized signatures) and when issued by cable/telex it is authenticated by (test key).(4)The documents of the credit must (comply with ) the terms and conditions of the letter of credit on the one hand and they must ( comply with ) with each other on the other hand(5)The currency in which the credit is to be issued should be indicated as shown in the ( Iso currency code ）汇票的要义ＥＸＣＨＡＮＧＥfor USD5461.50 21st, August, 1995On 23rd October of this FIRST OF Exchange(Second of Exchange being unpaid)pay to Johnson & Smith Inc.or orderthe sum of FIVE THOUSAND FOUR HUNDRED AND SIXTY ONE US DOLLARS AND FIFTY CENTSDrawn against shipment of wool from Australia to New YorkTO Irving Trust Company, New York For George Thomas Inc., New YorkSignature Experiment One Financial Instruments1.Please answer, fill the blanks in or make choice of the following questions. Exchange for GBP1,250.00 Beijing, 1 April, 200X At 90 days after sight pay to the order of DEF Co.the sum of Pounds one thousand two hundred and fifty onlyTo XYZ Bank, For ABC Co., Beijing London Signature__________Refer to the above bill you may understand that a bill of exchange is an unconditional order in writing addressed by ___ ABC Co.___ to _ XYZ Bank ___ signed by __ ABC Co._______giving it requiring __ XYZ Bank ___ to whom it is addressed to pay_ At 90 days after sight _____ the sum of __ GBP1,250.00__ to __ the order of DEF Co.___.The holder of this bill is _ DEF Co.__who must firstly present it to _ XYZ Bank _for Acceptance_. At maturity, the holder must present it again for__Payment___.2. Fill in the following blank forms to draw four bills of exchange. Each bill includes the requisite items as follows:date:23 July., 200Xamount: USD35,461.50tenor: on 31 Oct., 2000 fixeddrawer: George Anderson Inc., New Yorkdrawee: Irving Trust Company, New Yorkpayee: Brown and Thomas Inc. or orderdrawn against shipment of cotton from Australia to St. LouisEXCHANGE for _ USD35,461.50___ _ New York _,_23 July.,200x_ on 31 Oct., 2000 fixed _____pay this first Bill of Exchange(Second of same tenor and date unpaid) to the order of ___ Brown and Thomas Inc. or order ___________________________________________________________________the sum of __Thirty-five Thousand Four Hundred and Sixty-one and 50/1000 US Dollars_______________________________________________________________________________________________________________________Drawn__ against shipment of cotton from Australia to St. Louis _______________________________________________________________________________________To__ Irving Trust Company _______ For__ George Anderson Inc.________ New York _____________ ____ New York _____3. Please answer, fill the blanks in or make choice of the following questions. Exchange for GBP5,000.00 London, 1 April, 200XAt 60 days after sight pay to the order of Bank of Australiathe sum of Pounds five thousand onlyTo The Importing Co. For The Exporting Co.Melbourne LondonSignature__________（1）refer to the above bill, the holder i.e. _ Bank of Australia has the right of __transferring__ it to _another______ person, or the right of presentment for ___acceptance___ and/or _____payment_______ to the Importing Co. Melbourne. If the latter refuses to pay, the holder has the right of ___recourse___against _the other parties thereto_.。