国际结算第六讲.pptVIP

Remittance Parties in Remittance 1)Remitter(汇款人） The party who will make the payment. Person who requires his bank to remit funds to the beneficiary in a foreign country. buyer and importer 2)Remitting Bank(汇出行） The bank who remits the funds at the request of a remitter to the paying bank and instructs the latter to pay a certain of money to a beneficiary. Importer’s bank Remittance Parties in Remittance 3) paying bank/Receiving Bank(解付行） A paying bank is the bank entrusted to by the remitting bank to pay a certain sum of money to a beneficiary. The paying bank usually locates in the same city as that of the exporter and is often the exporter’s bank in international trade. 4) Payee/Beneficiary Is the person who is addressed to receive the funds by remittance. Is the exporter in international trade. Types of remittance and procedure According to different ways to give payment instruction,remittance can be classified as: 1)remittance by mail(M/T)信汇 2)remittance by telegraphic transfer(T/T) 电汇 3)remittance by banker’s demand draft(D/D)票汇 * * It is an unconditional promise in writing made by one person to another, signed by the maker, engaging to pay, on demand or at a fixed or determinable future time, a sum certain in money, to, or to the order of, a specified person or to bearer. Definition of the Promissory Note: PROMISSORY NOTES Promissory note is: a written promise to pay a determinate sum of money made between two parties. Maker: The issuer of a promissory note. Payee: The person to whom the note is to be paid.? Essentials to Promissory Note Promissory Note Nov. 2, 2004 $ 10,000 New York, New York ? Ninety days after the above date for value received, the under- signed jointly and severally promise(s) to pay to the order of: BANK OF THE RIVER, at 100 Hudson Ave., New York, New York 02167 ?? ????? Ten Thousand and oo/100 ? ????????? ?DO