Interational trade settlement.pptVIP

Unit 7 International trade settlement Definition of International trade settlement Financial activities conducted though banks among different countries, in which payments are effected or funds are transferred from one country to another in order to settle accounts, debts, claims,etc text content The text is divided by two parts: Means of payment in international trade Modes of international payment Means of payment in international trade The three important negotiable instruments: bills of exchange promissory note cheque or check Modes of international payment remittance collection L/C. Sb1draw a draft on sb2 1向2开出汇票,要求2付款 Definition of bill of exchange A bill of exchange 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 the bearer. 汇票是由出票人向另一人签发的，要求即期、定期或在可以确定的将来的时间，向某人或其指定人或来人无条件地支付一定金额的书面命令。 How to remember the definition of a bill of exchange? Acts of a bill of exchange汇票的票据行为 Issuance 出票 Endorsement 背书 Presentment 提示 Acceptance 承兑 Payment 付款 Dishonor 拒付 Notice of dishonor 退票通知 Right of recourse 追索权 Discounting 贴现 Sight Draft Exchange for USD25,000Shanghai,March 19th,2001At sight pay to the order of the Bank of Chinathe sum of twenty-five thousand US dollars onlyValue receivedTo The Citi BankFor China National Chemicals Import ExportNew York, N.Y.U.S.A.Corporation, S.B.(signature)promissory note A promissory note is unconditional promise in writing , made by one person（maker) to another(payee), signed by the maker,engaging to pay on demand or at fixed or determinable future time , a sum certain in money to or to the order of a specified person or to bearer. 本票是一人(制票人)向另一人(收款人)签发的，保证即期或定期或在可以确定的将来时间，对某人或其指定人或执票人支付一定金额的无条件书面承诺。 Promissory NoteNew York, April 1, 2001For USD99,999.00 On the 20th June 2001 fixed by