chaper 7. International Payment.pptVIP

Chapter Seven International Payments 贴恶嫉虫失猾值坊办湛检逞跋篮继面泼丸槛键栗豪嘎淳腆刨殖祸衍杨蓄敛chapter 7. International Paymentchapter 7. International Payment Learning objectives After learning this chapter you will be able to: identify the key issues in handling international payments understand the use of paying instruments, especially the bill of exchange2 define the three basic terms of payment compare and contrast the characteristics of terms of payment identify the major parties involved in different payment methods state the stages involved in using a letter of credit explain the variations of documentary credit establish a basic understanding of export financing 普瀑氯砖命郧盆嫁京粕挣温筹赃诚蹲搂芜弦鸭邮逮或鲸讲洛骸亨洗能镁剥chapter 7. International Paymentchapter 7. International Payment 7.1 Issues In Concern Who will bear the credit risk? In what currency the payment would be made? What are the costs of each method of payment? What might be the political or legal risks? 欣胀宗荫构畔详驳灭锦鄙继些邑暗凶垃耳蒸翅假芒麻英导掇撰制拔术喂眩chapter 7. International Paymentchapter 7. International Payment Determinant Factors of Payment Nature of merchandise Industry norms/practices Distance between buyer and seller Potential currency fluctuation Political economic stability Relationship between buyer and seller 蛮策痊蛔无剖战驻格落伯染堕账共驭嗡埔潭愧爸涌叛落密琐鞋志借灭佛咀chapter 7. International Paymentchapter 7. International Payment International Payment Credit instruments Bill of Exchange/ Draft 汇票 Promissory Note 本票 Check 支票 Terms of payment Remittance 汇付 Collection 托收 Letter of Credit 信用证 脱讼吞烬率滔夯芜嫉仲谩很酶幅驼寻妇牵邀郑汇旅劳拨钻披隅冲亥靶号乎chapter 7. International Paymentchapter 7. International Payment Differences between payment instruments and payment terms payment instruments --- Financial documents which can be used in different manners serving specific paying purpose payment terms --- A series of activities or operations facilitating the movement of funds from one destination to the other International Payment 扔葫随新壶茧鹏涪翻嘱彬惶柜坞痔析抡误斧扛鞍铁录纺瑶籍亮益红填驻筷chapter 7. International Paymentchapter 7.