国际贸易chapter519.pptVIP

2 MODES OF PAYMENT IN INTERNATIONAL TRADE 2) The Classification of Remittance (1) Mail Transfer(M/T) Mail Transfer is a process that the remitting bank, at the request of the remittance, sends instructions by mail to the paying bank asking it to make a certain amount of payment to the payee. The cost of this method is less, but the speed is slower. 2 MODES OF PAYMENT IN INTERNATIONAL TRADE (2) Telegraphic(T/T) Telegraphic Transfer(T/T) is a process that the remitting bank, at the request of the remittance, sends a cable to its correspondent bank in the country concerned instruction, to make a certain amount of payment to the payee. The payee can receive payment promptly, but the charges for this type of transfer are relatively high. 2 MODES OF PAYMENT IN INTERNATIONAL TRADE (3) Demand Draft (D/D) Demand Draft is a process that the remitting bank, at the request of the remitter, draws a demand draft on its branch or correspondent bank instructing it to make a certain amount of payment to the payee on behalf of the remitter. 2 MODES OF PAYMENT IN INTERNATIONAL TRADE 2. Collection（托收） 1) The Implication and Character of Collection When funds are not required immediately, or where bills are not sufficiently attractive to a banker for negotiation, they may be handed by an exporter to his bank for collection. The exporter ask his bank to arrange for the acceptance or payment of the bill overseas, and the bank will carry out his task through its own branch office abroad or a corresponding bank. 2 MODES OF PAYMENT IN INTERNATIONAL TRADE Collection means the handing by banks, on instructions received, of documents (financial documents and/or commercial documents), in order to obtain acceptance and/or, as the case may be payment; deliver commercial documents against acceptance and/or, as the case may be, against payment; deliver commercial documents on other terms and conditions. 2 MODES OF PAYMENT IN INTERNATIONAL TRADE 2) The Parties in Collection (1) Consignor/Principal (