国际结算第四章托收：chapter4Collection要点分析.pptxVIP

International Settlement;Chapter4 Collection;4.1 An Overview of Collection;Definition of Collection Under the Uniform Rules for Collection (URC), ICC Publication No.522 collection means: the handling by banks of documents, in accordance with instructions received, in order to: Obtain payment and / or acceptance; Deliver documents against payment and /or against acceptance; Deliver documents on other terms and conditions. ;Attention: Financial documents: bills of exchange, promissory notes, cheques, or other similar instruments used for obtaining the payment. Commercial documents: invoices, transport documents, documents of title or other similar documents, or any other documents whatsoever, not being financial documents. ;2.comparison with other terms of payment Four Basic Terms of Payment;Under cash in advance, the importer pays the exporter before delivery of goods by the exporter, the importer extend credit to the exporter and bears the risk of exporter’s non-delivery.(in favor of the exporter) Under open account, the exporter ships the goods and send the shipping documents directly to the importer, the importer will settle the debts at a definite future time. The exporter will bear the risk of importer’s non-payment.(in favor of the importer) Collection is a effective method that can compromise the interest conflict between importer and exporter.;When compared with the simple price terms cash on delivery( COD), collection is distinguished from the typical COD in two ways: instead of an individual or a shipping company collecting for payment, it is the bank handle the transaction; instead of cash on delivery for goods, it is cash on delivery for title document( bill of lading) that is then used to claim the goods from the shipping company.;When compared with documentary letter of credit, the handing procedures under collection is much the same as for the documentary credit. However, there are still two major different exists: the draft involved under collectio