金融英语国际结算的一些纲要文档.docVIP

I. Instruments A. A brief introduction 1. What s instruments? ① a broad sense: a commercial document of title; ② a narrow sense: a specific, negotiable security for the purpose of paying money signed by the drawer on it which is unconditionally agreed to pay a sum in certain by the himself or by another. E.g. if agreed to pay by the maker, it is promissory note; if agreed to pay by another, it may be a draft or a cheque. 2. The role of instruments (1) function of settlement; (2) function of credit guarantee; (3) negotiability (4)function of paying off debts 3. Kinds of instruments: financial (