国际金融函电

1、宁波大学科学技术学院考核答题纸（2013 - 2014 学年第 1 学期）课号： bb3j04a 课程名称： 国际金融函电 阅卷教师： 吴琛 班级： 10金融2班 学号： 104172238 姓名： 汪思伊 成绩： 题目 bank letters writing - agency relationship 学 院 法商分院 专 业 金融学 班 级 10金融2班 学 号 104172238 姓 名 汪思伊 日 期 2013年12月24日 bank letters writing-agency relationship, request for the establishment of agenc

2、y relationship function of bank letter bank letter is a way of communication related to business done in a written form. it is a means for views, ideas and information to be expressed between two parties. for example, sending letters or e-mails to your clients and business banks so that they will be

3、 well informed about any activities related to business. bank letter includes feedback from members for their confirmation and reply which is kept in records by the company secretary.with the fast-paced development of economic integration, the international business cooperation is increasingly stren

4、gthened. after china's wto entry, the country's economic exchanges with other member states have become more frequent, the foreign trade and technical cooperation have developed rapidly. in the tendance of economic globalization, international trade is developing continuously. and the intern

5、ational bank letters are playing an important role in international payment and settlement, being the indispensable means of international financial exchanges. almost all aspects of the exchanges conduct by bank letters, which conclude the establishment of the business relationship, closing a deal,

6、the execution of contract and the execution of the contract disputes, etc. in the operating practices of international finance, the various aspects of exchanging bank letter constitute important legal bases. when disputes arise, extraordinary, bank letter possibly will affect the result. internatioa

7、nl finance is increasingly relying on the document exchanging process. the central function of international bank letter has become more apparent. banking letter makes sense in transmission of information and dealing with business issues.for example, when an enterprise wants

8、 to apply for opening a letter of credit. firstly of all, we should write a banking letter to require a letter of credit. and also, when the beneficiary seeks to amend the relative credit letter, they must write a bank letter to the issuing bank which contains the terms needed to be amended. no matt

9、er in the credit or in the remittance and collection, banking letter is the major way of communication.as far as i am concerned, the function of international bank letter is a bridge which links the bilateral communication exchange, accurate and specific delivery of the various relevant information

10、of two sides. moreover, it enormously promotes the efficiency of international trading. use international bank letter in the negotiation with banks can reduce the unnecessary cost. in terms of international trading, sometimes, many methods in communication are improper. for instance, the calls by fa

11、ce-to-face between banks may waste amount of money and time, which is less efficient. and the telegraph communication lacks security, can not illustrate clearly as well. in this case, the international banking letter which saves variety of time and money and have enough secure operational environmen

12、t, becomes the best choice.establishing agency relationshipa state financial institution may contract with another financial institution to provide certain services in a principal-agent relationship, provided both parties comply with the rules of the department. agency relationships shall comport wi

13、th safety and soundness principles to protect the financial integrity of each financial institution and the accounts of its customers. the international banking business is developed by the cooperation between the commercial banks in different countries. so establishment of the agency relationship a

14、mong these banks is indispensable.agency relationship is where a principal engages an agent to carry out various duties on his or her behalf. this relationship involves delegating decision making powers to the agent by the principle; hence trust is a fundamental requirement for it to succeed. when t

15、wo banks set up their agency relationship, they will offer such services as payments, collections, letters of credit, foreign exchange business, international lending, trade finance and so on.sample: “gentlemen:we are pleased to note that the volume of business between your mexico branch and our hon

16、g kong branch has been increasing during recent years. but as there is no agency relationship between us, the credits received from you have to be authenticated through a third bank, and this always unavoidably results in delay.in order to cope with the increasing business volume, we would like to p

17、ropose the conclusion of an agency arrangement with your bank. should the proposal meet with your approval, please send us your latest specimen signatures for our future use and take the establishment of cable/telex authentication arrangements into consideration.we trust that our proposal will be fo

18、und mutually beneficial.” the sample will be analyzed in elements as follow.a. standard formatmost of the bank letters require a strict structure. firstly, we need to inform them where we gained the names and addresses about their bank. secondly, bank letter shall show the intention of establishing

19、business relationships again. in another way, we should do a self-introduce for them to ensure the understanding for our company, such as the business scope of company, and the nature of business. in the last paragraph of the letter, we shall express the wish about hoping to receive the reply as soo

20、n as possible in polite and sincere words.as the sample shows, the first paragraph describes the phenomenon and problem which is the relationship facing for. because “the credits received from you have to be authenticated through a third bank, and this always unavoidably results in delay”. the secon

21、d paragraph shows that base on the benefit of both banks, establishing a agency relationship becomes a necessary tendency. “in order to cope with the increasing business volume, we would like to propose the conclusion of an agency arrangement with your bank.” the last paragraph is short in one sente

22、nce as a congratulation, which shows the “mutually beneficial” wish.b. vocabulary studyto write such kind of bank letter, we need to notice a lot. not only the writing methods, also have to master the commonly used words and phrases in international trade. remember the meanings in foreign trade, and

23、 the way of expression, what is most important is to know the method of using.bank letter is a basic tool of business communication between banks and enterprises. therefore, a request of vocabulary is definitely necessary, which means using written words to replace the spoken ones. in this sample, i

24、 recapped few professional words and phrases.1. propose to do something/doing something/that. “propose” means make a proposal, declare a plan for something.e.g. we propose to pay by b/e at 30d/s，documents against acceptance. please confirm if it is acceptable to you. 2.authenticate “authenticate” me

25、ans establish the authenticity of something.e.g. we would inform you that as we are not in possession of your specimen signatures,we are unable to authenticate the signatures appearing on your l/c no.123. 3. o consideration“in consideration” means the quality of failing to be considerate of

26、others.e.g. we may take the matter into consideration when we honor the documents . 4. specimen signaturesa specimen signature is an official 'copy' of your signature that is kept on file and if needed in the future can be used to verify if a signature is genuine.e.g. signature should corres

27、pond with specimen signatures on the back of credit card.5.cope with.“cope with” means satisfy or fulfill.e.g. how will they cope with the huge psychological pressures?c. sentimental colornormally, the bank letters sentences are compendious and have a logical order. bank letters main purpose is to d

28、escribe, explain or appeal the business. so in generally, bank letters are less emotional with personal feeling.in another way, the courtesy shows in interantional bank letters is not only good for establishing a friendly and cordial relationship and promoting the furture cooperation in business fie

29、ld, but also reflecting the national culture, especially the professional financial accomplishment. therefore, bank letter always inject a courteous, ungrudging tone. we can easily find the details in the sample:“we are pleased to note that.”, “.we would like to .”, “should the proposal meet with yo

30、ur approval, o consideration.”, “we trust that our proposal will be found mutually beneficial. ”in conclusion, establishing an agency relationship is the beginning of doing business between two banks. business development is relying on the situation of business expending. the better of bus

31、iness relationship is, the more blooming of business developing progress, so how to develop an agency relationship is particularly important in the beginning. in the international settlement, we make communication with foreign banks by establishing agency relationships, so the business letters writt

32、en visibilities are extremely important. we should grasp the business methods and techniques of writing such kind of business correspondence, as well as master foreign trade common expression, so that we have a prerequisite to finish a reasonable bank letter to establish a promising business relatio

33、nship. experience the internatiomal financial correspondence is course to teach us how to write a perfect bank letter, and require us to improve the ability about communication with intrnatioanl banks and the skills to deal with wide range of internatioanl banking business. in the procress, i acknow

34、ledge the experience from enigh learning to professional knowledges hunting. i will analyse them one by one hereinafter.first of all, i would like to express that i feel appreciate to be the subject representative of the international financial correspondence. it was a great training for improving m

35、y skill in dealing with the daily assignment and quickly solving the difficult class questions. still remember the moment i raised my hand in the first class. what is shy say that it was my first time to be the subject representative in the university. because it is the only course taught in english

36、 in my major. and i was back few weeks ago from iceland, so i feel more cordial about english than any other classmates. as far as i am concerned, it is good chance to encourage myself to learn more english knowledge about finance and keep enthusiastic in the english learning atmosphere.furthermore,

37、 i am rather like the teaching style of ms wu, sometimes, she would call some students to read the bank letter in english loudly or do a spot translation. then it is necessary for us to spend some time to prepare for it in the next class. we should make use of a dictionary learn about some new words

38、, read through the full text and translate the text based on the understanding of the full text. but it is connected with one student's consciousness. consequently, our vocabulary is increasing. what's more, the international bank letter have vast majority of information, which include the c

39、ommunication, consultation, negotiation and documentation. and all of them are expressed in english, especially the professional and formal english expression. so in the progress of studying, our oral english and the level of translation have definitely improved. for example, i was totally have no idea about any vocabulary about international settlement, such as the explanation of t/t, m/t and d/d. after the leaning i