金融英语国际结算的一些纲要.docVIP

I. Instruments A. A brief introduction 1. What s instruments? ① a broad sense: a commercial document of title; ② a narrow sense: a specific, negotiable security for the purpose of paying money signed by the drawer on it which is unconditionally agreed to pay a sum in certain by the himself or by another. E.g. if agreed to pay by the maker, it is promissory note; if agreed to pay by another, it may be a draft or a cheque. 2. The role of instruments (1) function of settlement; (2) function of credit guarantee; (3) negotiability (4)function of paying off debts 3. Kinds of instruments: financial (cheque, notes, drafts) / commercial instruments (B/L, invoice, certificate of origin, packing list, etc.) B. Main notes used in international settlement P1——8 1. Cheque P1—4 (1) Definition: an unconditional order in writing drawn on a bank by the drawer, requiring the bank to pay a sum certain in money to or to the order of a named person or to the bearer. (2) Clearing cheques (Procedure of clearing a cheque shown as follows) Drawer Drawing a cheque to the payee → Payee ∣ ∣ ∣ ∣ Cheque AC Mandate Presenting the cheque ↓ ↓ Paying Bank ← Credit Advice Collecting Bank Payment to Collecting Bank → A. the collecting bank Its responsibility of scrutinizing a cheque i. Date: ① out of date ② post-dated ③ undated ii. Payee iii. Words figures iv. Signature v. Crossings vi. Endorsements: ① how to endorse a cheque ② kinds of endorsements (i) Blank endorsements (ii) Specific endorsements (iii) Restrictive endorsements B. the paying bank Its obligations: i. Legal obligations to honor dishonor a cheque ii. Identifying the paying bank time limits for dishonoring cheques ii. Scrutinizin g the cheque the AC mandate C. The payee D. Crossings Kinds of crossings: ① general; ② special(add name of a bank) 2. Draft P5—6 (1) Definition: an unconditional order in writing prepared or drawn by one person(drawer) and addressed to another(drawee), requiring or directing the drawee to pay a specific sum o