经贸英语8祥解.ppt

1. Introduction (1) Definition for international payments settlements Basic points for attention in international payments and settlements As a rule, international traders would pay or receive freely convertible currencies. Time of payment can be different in international payments and settlements as the case may be. Method of payment can be different in international payments and settlements includes: remittance, collection, letter of credit and bank guarantee. Foreign exchange control is being enforced in all the socialist countries, most developing countries, or even a few developed countries. International traders should be aware that legal title to the exported goods passes from the exporter to foreign buyer by means of documentation. 1. Introduction (2) Features of Modern International Payments and Settlements Convenient Diversify Effective 2. Credit Instruments (1) Definition A credit instrument is a written or printed paper by means of which funds are transferred from one person to another. Bill of exchange, promissory notes, cheques Functions of Negotiable Instrument As a means of payments As a credit instrument As a negotiable instrument 2. Credit Instruments (2) Parties to a Negotiable Instrument Drawer (出票人） Drawee （付款人） Payee （收款人） Acceptor （承兑人） Endorser （背书人） Endorsee （被背书人） Acceptor for honour （参加承兑人） Guarantor （保证人） Holder （持票人） Holder for value （付对价持票人） Holder for due course （正当持票人） 3. Bill of Exchange (1) Definition It is an unconditional order in writing addressed by one person to another, signed by the person giving it, requiring the person to whom it is addressed to pay on demand or at a fixed or determinable future time a sum certain in money to or to the order of a specified person or to bearer. Introduction Bill of Exchange, Draft Concept and content Bill of Exchange Payment Order Amount Time of Payment Place of Payment Drawee, Payer Payee Time of Date Place of Date Signature of Date 3. Bill of Exchange (3) Acts of a Bill of Exchange I