国际保理与票据包买业务练习和答案

EXERCISE AND ANSWERS TO exercise on International Factoring and Forfeiting Ⅰ、国际保理练习(填空)

1、The procedures of factoring operations

(1) Conclusion of Correspondent Contract between export factor and import factor.

(2) Conclusion of Export Factoring Agreement between exporter and export factor.

(3) Exporter applies for the importer's _credit line.

(4) Export factor transmits _application__ for a credit approval.

(5) Import factor _appraises_ importer's credit.

(6) Advises export factor of import factor's _approval_ of credit line.

(7) Advises exporter of import factor's approval of _credit_line.

(8) conclusion of trade contract between _exporter and importer containing terms of payment being O/A or D/A.

(9) Deliver goods for _shipment_.

(10) complete "notification and Transfer of Receivables" with exporter's signature and sends notification, invoice or

commercial documents to export factor. Export may apply for finance if necessary.

(11)"Notification and Transfer of Receivables", invoice or commercial documents to _import_ factor.

(12) Transmits documents to the _importer_.

(13) The importer surrenders one original _B/L_.

(14) Goods are _release_ to the importer.

(15) Collection of _receivables at maturity.

(16) Payment _effected_ by the importer to the import factor.

(17) Proceeds remitted by the import factor to the _export factor.

(18) Proceeds credited by the _export factor to the exporter's account. If the transaction had obtained finance of advance

payment, amount of proceeds minus amount of finance was the balance, which should be credited to the exporter's account.

2. A factoring transaction is as follows:

International Factor’s (IF) name: Disko Factoring Bank GMBH

Debtor's country: Germany

Currency: Deutsche Mark

Currency code: DEM

Seller's name: Hubei Provincial Native Produce I/E Corp.

Notification date: 1 June

Debtor's name: Perl & Treiber GMBH & Co., 6831 Plankstadt, Germany

No: 1

Invoice No: FC11-VH119

Invoice date: 28 May

Terms of payment: O/A 30 days, Maturity date: 21 July

Invoice amount: DEM121,638.00

Total amount: DEM121,638.00 Date and authorized Signature of seller: 1 June Seller's signature For IF's use:

At maturity please credit our Head Office DEM account with Commerze Bank AG. Frankfurt in favor of our Beijing

Branch quoting our invoice No. Always.

Please fill up a blank "Notification and Transfer of Receivables" attached herewith. (Next page)

NOTIFICATION and TRANSFER OF RECEIVABLE

Amount approved…..:

Amount being approved

as soon as limits allow……: Amount for collection only..:

CREDIT NOTES

you of the transactions entered into buys with our debtors as represented by the attached copies of invoices. We hereby also transfer to you all right, title and interest in and to all the debts as specified on the copies attached

Date and authorized signature of Seller June 1 Seller’s signature