国际结算英文版讲义.pptVIP

Chapter 2 International Bank Remittance §2.1 Definition International remittance happens when a client (payer) asks his bank to send a sum of money to a beneficiary abroad by one of the transfer methods at his option. § 2.2 parties concerned and methods 1. Parties involved in international bank remittance include the following: (1) The remitter The remitter is also the payer. (2) Remitting bank, outward remittance (3) Paying bank, inward remittance (4) The payee 2. Methods: (1) Remittance by air mail----M/T Payment order, mail advice or credit advice/ please debit advice are transmitted by airmail. (2) Remittance by cable/telex/SWIFT----T/T Instructions are transmitted by cable, through SWIFT/CHIPS … (3) Remittance by banker’s demand draft.----D/D A banker’s draft is a negotiable instrument drawn by a bank on its overseas branch or its correspondent abroad ordering the latter to pay on demand the stated amount to the holder of the draft. It is often used when the client wants to transfer the funds to his beneficiary himself. §2.3 Procedures 1. The procedure for bank remittance by mail or by cable usually comprises the following: Written application Debit advice Payment order Payment Reimbursement claim Telegraphic transfer, T/T 2. The process of a demand draft is as follows: D/D application Bank sight draft. The remitter forwards the draft to the payee. The payee presents the draft to the drawee bank for payment. The drawee bank verifies the signatures, pays the draft, and claims back the amount that is paid according to its agency arrangement with the remitting bank. Banker’s Demand Draft, D/D §2.4 Advantage and Disadvantage 1.Advantage . Advantage of D/D: Demand draft is a negotiable instrument, which can be transferred so that it is more convenient in use for payment. Advantage of M/T It involved bank-to-bank instruction with banks responsible for making payments, so it is rather reliable. Advantage of T/T THE FASTEST