进出口实务与操作（英文版）chapter_6_Trade_Payment__Finance_Procedures教材教学课件.ppt

Section Three Documentary Collections In a documentary collection，the seller prepares and presents documents to the bank in much the same way as for a documentary letter of credit. However, there are two major differences ： (1) the draft involved is not drawn by the seller (the“drawer”) upon a bank for payment，but rather on the buyer itself (the“drawee”)，and (2) the seller’s bank has no obligation to pay upon presentation but，more simply, acts as a collecting or remitting bank on behalf of the seller，thus earning a commission for its services． Section Three Documentary Collections 3.1 Parties Involved in a Documentary Collection There are four main parties to a documentary collection transaction -- the principal, the remitting bank, the collecting bank, the drawee. Each party may have several names． The Principal (Seller/ Exporter / Drawer) The principal is generally the seller/exporter as well as the party that prepares documentation (collection documents) and submits (remits) them to his bank (remitting bank) with a collection order for payment from the buyer (drawee)．The principal is also sometimes called the remitter． The Remitting (Principal’s / Seller’s /Exporter’s) Bank The remitting bank receives documentation (collection documents) from the seller (principal) for forwarding (remitting) to the buyer’s bank (collecting/presenting bank) along with instructions for payment． Section Three Documentary Collections The Collecting or Representing (Buyer’s ) Bank This is the bank that presents the documents to the buyer and collects cash payment (payment of a bank draft) or a promise to pay in the future (a bill of exchange) from the buyer (drawee of the draft) in exchange for the documents. The Drawee (Buyer /Importer) The drawee (buyer/importer) is the party that makes cash payment or signs a draft according to the terms of the collection order in exchange for the documents from the presenting/collecting bank and takes possession of t