国际贸易Lecture11

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Paying bank
(汇入行） 汇入行） 汇入行
II. Collection(托收 托收) 托收 1.Collection The mechanism for handling financial &commercial documents by banks in accordance with instruction(委托书 from 委托书) 委托书 principal/seller in order to: (1)Obtain payment/acceptance (2)Deliver D/P付款交单 or/and D/A承兑交单 付款交单 承兑交单 (3)Deliver documents on others trade terms
Remitting bank(汇出行 汇出行):entrusted by the remitter 汇出行 to remit the payment
I. Patterns of payment(付款的方式） 付款的方式） 付款的方式
(4)Paying bank(汇入行 汇入行):correspondent bank or 汇入行 agent bank to pay for the exporter (obligee/payee /beneficiary ) 2.Three basic ways to transfer payment to abroad (1)Remittance by airmail—Mail transfer(M/T信汇 信汇) 信汇 (2)Remittance by cable/telex/SWIFT—telegraphic transfer(T/T电汇 电汇) 电汇 (3)Remittance by banker’s demanwenku.baidu.com draft(D/D票汇 票汇) 票汇
Lecture11.Payment of Goods(2)
Contents &Key points Patterns of payment
1.Remittance(汇付 汇付)—commercial credit 汇付 (1)M/T(Mail transfer) (2)T/T(Telegraphic transfer) (3)D/D(Banker’s demand draft) 2.Collection(托收)---commercial credit 托收
I. Patterns of payment(付款的方式） 付款的方式） 付款的方式
(3)D/D(Banker’s demand draft)票汇 票汇
Remitter(Importer) (3)Mailing bank draft 付款人
Hand over Hand over application & fund application & fund by a check(1) by a check(1)
Remitter(出票人 付款人 the person remitting the 出票人,付款人 出票人 付款人): payment(importer in exporting-importing trade ) Payee/Beneficiary(收款人 the person collecting the 收款人): 收款人 payment(exporter)
Drawee(Importer) Transport 付款人 Company (11) Delivering (2)Loading goods goods (3)Obtaining B/L (7)
D/A D/P Presentation6) Presentation6
Releasing Releasing documents(8)
Remitting bank ( 付 )
(4)Collecting (4)Collecting instruction instruction 委 托 书
D/P(9) D/A(13) Credit Memo
Acceptance Payment
(12) Paying after *** days
(5)Forwarding instructions &documents Collecting bank ( 收
b. Flowing chart of collection 2.The flow chart of the Letter of credit:
(1) contract
Beneficiary (Exporter)收款人 收款人
(5)Check L/C &dispatch (5)Check L/C &dispatch goods
Singing a receipt(5)
信 汇
Send instruction ） for remittance(3)
Remitting bank (汇付 ) 汇付
Paying bank
(汇 汇 ）
(2)Remittance by cable/telex/SWIFT—telegraphic transfer(T/T电汇 电汇) 电汇 SWIFT(Society for worldwide Inter-bank Financial Telecommunication)环球同业银行金融 电讯协会 Advantages: (1)Safety (2)high speed (3)Low expense (4)automation
Payee(Exporter)
收款人 Handing over Handing over draft (5) Verifying Verifying &paying (6) paying
Remitting bank (汇付行 汇付行) 汇付行
Issuing draft(2)
(4)Mailing the stub( ) Debit memo 款 ）(7)
Difference Between M/T &T/T:using Remitter(Importer) telecommunication Payee(Exporter) 收款人 付款人
通 知 书 ） (4) Mail transfer Advice( Paying(6) （ Hand over application & fund by a check(1) Turning back the stub 2) 回 执 单 Debit memo 款 ）(7)
III. Letter of Credit---Bank credit
1.Definition On the request of the seller, the buyer will entrust a bank to open a credit ,which is a conditional payment of bank to the exporter. 2.The process of L/C
Remitting bank ( 付 )
(4)Collecting (4)Collecting instruction instruction 委 托 书
D/P(9) D/A(13) Credit Memo
Acceptance Payment
(12) Paying after *** days
(5)Forwarding instructions &documents Collecting bank ( 收
(7)Dispatch notice (6)Loading &assembling documents Transport Com. (14)delivery Insurance Com. Inspect Bureau
Applicant(Importer)
付款人 (2)Apply to issue L/C (2)Apply to issue L/C (13)redeem documents (13)redeem documents (12)Payment advice (12)Payment advice
Drawee(Importer) Transport 付款人 Company (11) Delivering (2)Loading goods goods (3)Obtaining B/L (7)
D/A D/P Presentation6) Presentation6
Releasing Releasing documents(8)
I. Patterns of payment(付款的方式） 付款的方式） 付款的方式
2.Three basic ways to transfer payment to abroad (1)Remittance by airmail—Mail transfer(M/T信汇 信汇) 信汇 Process:
b. Flowing chart of collection The flow chart of the documentary collection:
(1)Specifying collection type in sales contract
Principal(Exporter) 收款人
Payment t D/P(10) D/A(14)
b. Flowing chart of collection The flow chart of the documentary collection:
(1)Specifying collection type in sales contract
Principal(Exporter) 收款人
Payment t D/P(10) D/A(14)
(1)Documentary credit(跟单信用证 跟单信用证) 跟单信用证 &Clean credit(光票信用证 光票信用证) 光票信用证 D/C:the credit that the issuing bank makes the payment by commercial documents &draft or only commercial documents; C/C:by draft (2)Irrevocable L/C, Revocable L/C Irrevocable L/C:the issuing bank cannot withdraw or modify the L/C, The “irrevocable” character on the face of the L/C;
C. Types of collection (1)Clean collection(光票托收 光票托收) 光票托收 Collection of financial documents (2)Documentary collection(跟单托收 跟单托收) 跟单托收 Collection of financial documents & commercial documents or only commercial documents
(4)trans-mit document (4)trans
(8)Present documents (8)Present documents
Check documents Check documents &pay/negotiate (9) &pay/negotiate (9)
(3)Issue L/C
1.Remittance(汇付 汇付) 汇付 (1)Meaning of remittance Remitting bank transfers funds directly to the payee on the request of remitter(出票人 出票人) 出票人 (2)4 parties involving in the remittance
3.Letter of credit(信用证 信用证) 信用证 4.Factoring(出售应收账款 出售应收账款) 出售应收账款 5.Forfeiting(包买票据 包买票据) 包买票据
Financing credit
I. Patterns of payment(付款的方式） 付款的方式） 付款的方式
(10)Transmit documents & reimbursement (11)Check documents &pay
Confirming bank Paying bank Negotiating bank Advertising bank
Issuing bank 开证行） （开证行）
3.The classification of L/C