金融英语 chapter 7.pptVIP

Part Seven  International Settlement I. Instrument Bill of Exchange A. Definition A bill of exchange is an unconditional order in writing, addressed by one person to another, signed by the person giving it, requiring the person to whom it is a addressed 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 to the bearer.(见下图) B. Demand and Usance Bills A bill is payable on demand if it is so specified or if time for payment is not expressed. In addition, a bill may be payable three months after date/the death of Mr. B/sight. The bill is called usance bill. 2. Cheques A. Definition A cheque is an unconditional order in writing, addressed by a person to a bank, signed by the person making it, requiring the bank to pay on demand a sum certain in money to or to the order of, a specified person or to the bearer. B. Parties to a Cheque Three parties are essentially involved: Payee: A person to whom a cheque is expressed to be payable; Drawer: The person who writes the cheque: Drawee: The bank on whom the cheque is drawn and to whom the order to pay is given. (见下图) C. Traveller’s Cheque A traveller’s cheque is a draft of a bank or travel agency which is self-identifying and may be cashed at banks, hotels etc., either throughout the world or in particular areas only. The self-identification is provided by obtaining the signature of customer at the time of issuance, with the second space for his signature being left blank until presentation for cashing. 3. Promissory Notes A promissory note is an unconditional promise in writing made by one person (the maker) to another (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 to bearer. A pro