第05章 商业银行(讲义)简易版.doc

Section 5.1 Text Intermediary Services Functions performed by commercial banks are: 1）creation of money through lending and investing activities; 2）holding of the deposits; 3）provision of a mechanism for payment and transfer of funds. Relationship between Banks and Customers Debtor-Creditor Relationship Principal-Agent Relationship Items of Intermediary Services Settlement Trust Services Lease Factoring International Settlement Remittance Remittance refers to the transfer of funds from one party to another among different countries through banks. At the request of its customer, a bank transfers a certain sum of money to its overseas branches or correspondent banks and instructs them to pay a named person or corporation in that country. Means or Instruments of Remittance Mail Transfer（M/TA mail transfer is to transfer funds by means of a payment order or a mail advice, or sometimes a debit advice issued by a remitting bank, at the request of a remitter. Demand Draft（D/D） Draft demand is often used when the customer wants to transfer the funds to his beneficiary by himself. The remitter will make a written request of issuance to the remitting bank. Then the remitting bank debits the remitter’s account, issues a bank draft and forwards it to the remitter who may send or carry it abroad to the payee. Upon receipt of the draft, the payee can either present it for payment to the drawee’s bank or sell it to his own bank crediting his account. The drawee’s bank verifies the signature, pays the draft and claims back the amount paid in accordance with its agency arrangement with the remitting bank. Telegraphic Transfer （T/TTelegraphic transfer refers to remittance by Swift. It is exactly the same as a mail transfer, except that instruction from the remitting bank to the paying bank is transmitted by cable/telex/Swift instead of by mail. Therefore,