chapter4Remittanceandcollectionlv解说.ppt

Chapter 4Means of Int’lSettlement—Remittance  1 Definition 2 Means of Remittance Telegraphic Transfer T/T Mail Transfer M/T Demand Draft D/D Credit Card Tracveller’s Cheque E-banking Means of Int’lSettlement---Collection  1 Definition of Collection 2. Workflow 3. Parties Involved 4. Documentary Collection 5 .Types of Documentary Collection 6. Uniform Rules for Collection (URC522) 7. Risk Control in the Documentary Collection 1 Definition After the exporter has shipped the goods, he presents the draft and documents to his bank with his collection instruction. The bank will collect the proceeds on behalf of him. 3. Parties 1、 Principal—seller（drawer, payee） 2、 Remitting bank 3、 Collecting bank 4、 Payer - buyer (drawee) 5、 Agent in case of need 4. Documentary Collection A documentary collection is an operation in which a bank collects payment on behalf of the seller by delivering documents to the buyer. 5 .Types of Documentary Collection 6. Uniform Rules for Collection (URC522) 7. Risk Control in the Documentary Collection WARMING-UP 1.“Documents for collection” means ( ) documents and /or commercial documents. A.Insurance B. financial C. transport D. credit 2.“Financial documents” means ( ), or other similar instruments. A. invoices B. B/L C. checks D. packing list 3. “Clean collection” means collection of financial documents not accompanied by ( ) A. commercial documents B. drafts C. bill of lading only D. L/C 4. “Documentary collection” means collection of ( ). A. financial documents accompanied by commercial documents B. commercial documents not accompanied by financial documents C. financial documents not accompanied by commercial documents D. A or/and B 5. The principal in collection refers to ( ). A. the collecting bank making presentation to the drawee B. the party to whom the presentation is to be made C. the party entrusting the handling of a collection to a bank D. the par