国际商务函电双语教程chapter6.pptVIP

BACKGROUND INFORMATION In international business, payment is very complicated. It means the settlement of debts or the transfer of currency. During foreign economic activities, international payment refers to the settlement of claims and debts or the transfer of money by certain method of transmission. International payment usually involves in payment instrument, payment methods, and payment time and place, which have great influence on the currency safe transfer. BACKGROUND INFORMATION The main instrument of international payment is financial document that is a written debt voucher with fixed form. It includes fixed value and date, and can be used to get money from drawer or specific drawee. Financial documents used in international trade primarily include bill of exchange, promissory note and check, among which bill of exchange is popularly used. BACKGROUND INFORMATION Bills of exchange is a bill signed by the drawer, requiring the entrusted payer to make unconditional payment of certain sum of money on demand or at a fixed date to the payee or the bearer. It can be classified into: banker’s draft and commercial draft according to the drawer, sight draft and time draft according to the tenor; clean draft and documentary draft according to whether there are documents attached. BACKGROUND INFORMATION A promissory note is an unconditional promise in writing made by the maker to the payee or the holder signed by the maker engaging 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 the bearer. A check is an unconditional order in writing addressed by the customer (drawer) to a bank signed by that customer authorizing the bank to pay on demand a sum certain in money to or to the order of a specified person or bearer. BACKGROUND INFORMATION Term of payment in international settlement refers to the way used to settle debt and liability between individuals, enterprises, and groups in dif