国际结算ppt1.pptVIP

2.3.2 Essential items of a promissory note Promissory Note US$ 1,000.00 London, March 5 2004 At 90 days after date we promise to pay ABC Company or order the sum of one thousand US dollars only. For Chartered Bank London Signed * The word “promissory note” clearly indicated; An unconditional promise to pay; Name of the payee; Signature of the maker; Place and date of issue; Tenor; A sum certain in money; Place of payment. * 2.3.3 difference between a bill and a note Bill of exchange An order to pay. A three-party instrument. Where payable after date, a bill is generally accepted. Promissory note A promise to pay A two-party instrument Never accepted * Where payable after sight, a bill must be presented for acceptance to fix the maturity date of the bill,and presentation for acceptance is necessary to render the prior parties liable. Can be accepted for honor. Never accepted. But a note can be made payable after sight according to uniform law. such a note must be presented for visa of the maker.（签见） The visa date is used to fix the maturity date of the note. Never accepted for honor * 2.3.4 Types of notes Trader’s note The maker is a trader, say, an individual or an enterprise. Banker’s note It is made by a bank, usually on demand. In china, promissory note only refers to sight banker’s notes * Note for GBP 100 London, 21 Jan., 2006 On demand we promise to pay bearer the sum of one hundred pounds For Bank of Europe London Signature * Central banker’s note Demand note issued by central bank payable to bearer and with specified amount of money. Negoti