国际结算双语课件chapter 8 Non-trade settlement
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• used for collection of the balance of payment for goods, fill-up of payments, commission, sample expenses or other subordinate trading expenses.
• Advantages of Clean Collection • (1) Safety • (2) Convenience • (3) Rapidity • (4) Low Cost • Suitable for • (1) Small amount payment • (2) Foreign currency notes that cannot
8.2.2 Traveler’s Check
• Concept • A traveler’s check is a draft of a bank or
travel agency which is self-identifying and may be cashed at banks, hotels, etc., either throughout the world or in particular areas only. • a specially printed form of check issued by a financial institution in preprinted denominations such as $10, $20, $50, $100, $500 and $1000.
• Procedures of traveler’s check transaction
• (1) Purchase • (2) Encashment • (3) Claims
• Advantages of the traveler’s check
• safer /worldwide acceptability /No time limit /flexible in denominations
8.3 Clean Collection and L/C
• 8.3.1 Clean Collection
• Definition
• the principal only issues financial instructions without being accompanied by shipping documents and consigns a bank to collect the funds.
• (3) On receipt of the payment from the collecting bank, the remitting bank pays the collected amount to the principal.
8.3.2 Clean L/C and Traveler’s L/C
Chapter 8 Non-trade Settlement
• 8.1 Basic Content of Non-trade Settlement
• 8.2 Non-trade Remittance
• Overseas Chinese Remittance • Traveler’s Check
• 8.3 Clean Collection and Clean L/C • 8.4 CreБайду номын сангаасit Card
• Clean L/C • A clean L/C requires only a simple
demand for payment, not accompanied by shipping documents
• Traveler’s L/C
• another form of credit instrument to be used to avoid both the trouble and risk of carrying a large sum in cash when a tourist travels abroad.
be converted domestically • (3) Collection service of securities
certificates (foreign exchange check, promissory note, foreign bonds and deposit certificates)
• Parties to a traveler’s check
• (1) Issuer/a financial institution • (2) Selling agent or office • (3) Purchaser (or holder) • (4) Paying agent
• (5) Transferee
8.4 Credit Card
• Definition
Credit cards are issued by banks to carefully selected customers with a certain line of credit based on the latter’s financial status for payment of commodities sold or services rendered • Parties • Cardholder • Card Issuer • Acquirer • Merchant
8.2 Non-trade Remittance
• 8.2.1 Overseas Chinese Remittance • An inward remittance from abroad to
home in which the remitter of a foreign country transfers the fund to a local bank via an overseas bank, and the paying bank shall credit the designated payee's account according to the instructions of the remitting bank. • Also includes T/T, M/T, and D/D • can be accomplished within about three working days.
• Procedure of clean collection
• (1) The customer hands in the application and documents for payment.
• (2) After verification of documents, the remitting bank chooses the collecting bank and the optimal route for reimbursement, and sends documents and the collection order to the collecting bank within two banking days, and then urges payment to be made in time.
• Advantages of Clean Collection • (1) Safety • (2) Convenience • (3) Rapidity • (4) Low Cost • Suitable for • (1) Small amount payment • (2) Foreign currency notes that cannot
8.2.2 Traveler’s Check
• Concept • A traveler’s check is a draft of a bank or
travel agency which is self-identifying and may be cashed at banks, hotels, etc., either throughout the world or in particular areas only. • a specially printed form of check issued by a financial institution in preprinted denominations such as $10, $20, $50, $100, $500 and $1000.
• Procedures of traveler’s check transaction
• (1) Purchase • (2) Encashment • (3) Claims
• Advantages of the traveler’s check
• safer /worldwide acceptability /No time limit /flexible in denominations
8.3 Clean Collection and L/C
• 8.3.1 Clean Collection
• Definition
• the principal only issues financial instructions without being accompanied by shipping documents and consigns a bank to collect the funds.
• (3) On receipt of the payment from the collecting bank, the remitting bank pays the collected amount to the principal.
8.3.2 Clean L/C and Traveler’s L/C
Chapter 8 Non-trade Settlement
• 8.1 Basic Content of Non-trade Settlement
• 8.2 Non-trade Remittance
• Overseas Chinese Remittance • Traveler’s Check
• 8.3 Clean Collection and Clean L/C • 8.4 CreБайду номын сангаасit Card
• Clean L/C • A clean L/C requires only a simple
demand for payment, not accompanied by shipping documents
• Traveler’s L/C
• another form of credit instrument to be used to avoid both the trouble and risk of carrying a large sum in cash when a tourist travels abroad.
be converted domestically • (3) Collection service of securities
certificates (foreign exchange check, promissory note, foreign bonds and deposit certificates)
• Parties to a traveler’s check
• (1) Issuer/a financial institution • (2) Selling agent or office • (3) Purchaser (or holder) • (4) Paying agent
• (5) Transferee
8.4 Credit Card
• Definition
Credit cards are issued by banks to carefully selected customers with a certain line of credit based on the latter’s financial status for payment of commodities sold or services rendered • Parties • Cardholder • Card Issuer • Acquirer • Merchant
8.2 Non-trade Remittance
• 8.2.1 Overseas Chinese Remittance • An inward remittance from abroad to
home in which the remitter of a foreign country transfers the fund to a local bank via an overseas bank, and the paying bank shall credit the designated payee's account according to the instructions of the remitting bank. • Also includes T/T, M/T, and D/D • can be accomplished within about three working days.
• Procedure of clean collection
• (1) The customer hands in the application and documents for payment.
• (2) After verification of documents, the remitting bank chooses the collecting bank and the optimal route for reimbursement, and sends documents and the collection order to the collecting bank within two banking days, and then urges payment to be made in time.