International Settlement Case.pptxVIP

—— Deferred Payment Letter of Credit [ 延期付款信用证 ] International Settlement Case Finance 1301 肖颖 靳嫣然 于帅 Finance 1302 邹晨希 Review of Deferred Payment Letter of Credit A kind of credit that the issuing bank or nominated bank will effect payment on a specified future date. Attention！（Characteristics） 1\ Under deferred payment credit, no draft is accompanied for document presentation.远期付款不开立汇票。 2\ The maturity of the instrument has been fixed since the beneficiary made a presentation.受益人交单时已确定付款到期日。 However, a Judgment by Supreme Court of the United Kingdom changed the way that the public thought about DEFERRED PAYMENT LETTER OF CREDIT... ... The Basic Facts I Applicant, Issuing Bank A Advising(Confirming) Bank C Beneficiary B Shipping Company Amount: $18,500,000 Available with Bank A by deferred payment at 180 days after the issuance of transport doucuments. 在单证相符的条件下，提单日后180天由开证行办理延期付款 The Basic Facts II ① ~ ⑥ Normal procedures of L/C Reasons (For Bank A)： 1.The fraud is found before due date. 2.The issuing bank has no duty to pay for Bank Cs financing(融资) for Beneficiray B. Issuing Bank A Beneficiary B Applicant Advising Bank C （Confirming bank） Shipping Company Discount （贴现） D/P after sight Assignment Fraud!!! （欺诈） ① ② ③ ④ ⑤ ⑥ ⑦ ⑧ ⑨ PREMISE [案件基本前提] NO.1 The fraud was established. [欺诈确定成立] NO.2 The advising bank → Innocent Party with Good Faith [贴现时不知悉欺诈存在] NO.3 The confirming bank and the issuing bank → Learn the fraud before maturity [到期前获悉欺诈] Who will take on the risk and duty of beneficarys fraud? ____ Applicant/ Issuing Bank? Confirming Bank? √ Thats all for My Part ! Division：肖颖 ——— Introduction Basic Facts 靳嫣然 ——The Focus of Case 于帅 ——— Final Judgement 邹晨希 —— Comparison Enlightenment Laws Based Analysis Bank C discounts the L/C(银行C贴现) B is disc