(国际贸易实务双语课件）Chapter3国际支付与结算.pptx

Chapter ThreeInternational Payment and Settlement 国际支付与结算Warming-up ExercisePart A English TexPart B Bilingual TexChapter ThreeWarming-up ExerciseAnswer the following questions.1How many parties are usually involved in international payment?2What are the tools used in international payment?Chapter ThreePart A English TexPayment Instruments　In every transaction receiving payment and making profit is the ultimate goal for the seller. Owing to the complicated nature of international trade, international payment involves many issues that are of great concern. One of these key issues is to select a proper payment instrument. 　International payment and settlement depend heavily on the use of bills instead of cash. Bill is used as a non-cash financial instrument of payment. Three major types of bills are bill of exchange (draft), promissory note and check.　Bill of Exchange/Draft　According to Article 19 in Negotiable Instruments Law of the PRC, Bill of Exchange (B/E) is defined as “a bill signed by the drawer, requiring the entrusted payer to unconditionally pay specified amount in money at sight of the bill or on a fixed date to the payee or the holder”.Chapter ThreePart A English TexPayment Instruments　Three parties are involved in bill of exchange: drawer, payee and drawee (payer). Drawer refers to the party that issues the draft. Drawer is the exporter or the commercial bank that represents the exporter. Payee refers to the party who is entitled to the sum of the draft, usually payee is the exporter or the commercial bank that represents the exporter. Drawee refers to the party who is ordered to make the sum of payment by the drawer, usually it is the importer or the bank designated by the importer.　1. Contents　Words of “Bill of Exchange” or “Draft” must be on the draft. It is an unconditional order of payment.　A specific sum should be stated clearly. The name and the address of the drawee.　The name and the signature of the drawer. The name of the payee or order or be