国际结算课件英文版.pptVIP

Chapter four Collection 4.1 An Overview of Collection 4.2 Documentary Collection Practice 4.3 Risk Protection and Financing under Collection 4.1 An Overview of Collection 4.1.1 Definition of collection 4.1.2 Basic parties to a collection 4.1.3 Types of collection URC522 Art.2 collections means the handling by banks, on instructions received, of documents, in order to: 1)obtain acceptance and/or payment; 2)deliver commercial documents against acceptance or payment; 3)deliver documents on other terms and conditions. Collection is an arrangement whereby the seller draws a draft on the buyer , and /or shipping documents are forwarded to his bank, authorizing it to collect the money from the buyer through its correspondent bank . Collection is still based on commercial credit instead of bank credit and the banks act only as a collector of funds under a transaction and provide a channel to transfer funds between the buyer and the seller 委托人 principal--seller(drawer) collection application 托收行 remitting bank/寄单行 collection instruction 代收行 collecting bank 提示行 presenting bank 付款人 payer - buyer (drawee) 需要时的代理 principal’s representative in case of need 4.1.3 Types of collection clean collection Collection on financial instruments only, sometimes accompanied by invoice, etc. Documents are sent directly by the exporter to the importer. The exporter is in fact shipping on open-account terms. documentary collection Collection on financial documents being accompanied by commercial documents or collection on commercial documents without financial documents. Only the draft drawn is paid or accepted, will the documents be released to the importer. direct collection An arrangement whereby the seller obtains his bank’s pre-numbered（预编号的）direct collection letter, thus enabling him to sent his documents directly to his bank’s correspondent bank for collection. 4.2 DocumentaryCollection Practice 4.2.