DISANKE LII分析和总结分析和总结.docxVIP

Exercise3 remittance Please fill the following blanks according to your knowledge. There are four parties in a remittance, i.e. , , , . The remittances which are handled by the home remitting bank are called , while those are handles by foreign paying bank are called . Remittance through a bank from one country to another may usually be made by one of the following methods: , , . The mail transfer is a remittance, at the request of a remitter, effected by a , sent by the remitting bank to the paying bank authorizing the latter to notify and pay a certain sum in money to the payee of the remittance. A banker’s demand draft is also called . When drawer bank and drawee bank are branches, D/D may be called Payment after arrival of goods include two types of goods for sale, namely , . It has found a wide application in international commercial settlement in the form of , , . based on the movement direction of the credit instruments and that of the funds flow , the remittance can be classified into and . True or false: DD stands for Demand Draft. M/T is a quicker method of payment than a banker’s demand draft. Among T/T, M/T, D/D , T/T is the cheapest method of payment. A further advantage of T/T over M/T is that there is no danger of instructions being delayed or lost in the post. In the case of M/T, the remitting bank issues a draft to its customer, and directs its foreign branch or correspondent by mail to make the payment to the beneficiary. SWIFT is the speediest form of payment SWIFT stands for Society for Worldwide Interbank Financial Telecommunications. The normal practice now is to send all mail transfers by airmail. The operations of a telegraphic transfer is just the same as the mail transfer. Collection and L/C belong to the reverse remittance. Multiple choice If the London’s bank makes a payment to a correspondent abroad, . it will remit the sum abroad the foreign bank’s vostro account will be credit the London bank’s nostro account wil