《国际贸易Lectu》PPT课件.ppt

Lecture11.Payment of Goods(2),Contents &Key points,Patterns of payment 1.Remittance(汇付)commercial credit (1)M/T(Mail transfer) (2)T/T(Telegraphic transfer) (3)D/D(Bankers demand draft) 2.Collection(托收)-commercial credit 3.Letter of credit(信用证) 4.Factoring(出售应收账款) 5.Forfeiting(包买票据),Financing credit,I. Patterns of payment(付款的方式）,1.Remittance(汇付),(1)Meaning of remittance Remitting bank transfers funds directly to the payee on the request of remitter(出票人) (2)4 parties involving in the remittance Remitter(出票人,付款人): the person remitting the payment(importer in exporting-importing trade ) Payee/Beneficiary(收款人): the person collecting the payment(exporter) Remitting bank(汇出行):entrusted by the remitter to remit the payment,I. Patterns of payment(付款的方式）,(4)Paying bank(汇入行):correspondent bank or agent bank to pay for the exporter (obligee/payee /beneficiary ) 2.Three basic ways to transfer payment to abroad (1)Remittance by airmailMail transfer(M/T信汇) (2)Remittance by cable/telex/SWIFTtelegraphic transfer(T/T电汇) (3)Remittance by bankers demand draft(D/D票汇),I. Patterns of payment(付款的方式）,2.Three basic ways to transfer payment to abroad (1)Remittance by airmailMail transfer(M/T信汇) Process:,Remitter(Importer)付款人,Hand over application & fund by a check(1),Turning back the stub回执单（2),Remitting bank (汇付行),Payee(Exporter) 收款人,Paying bank (汇入行）,Mail transfer Advice(信汇通知书）(4),Send instruction（委托书） for remittance(3),Debit memo（借款通知单）(7),Singing a receipt(5),Paying(6),Difference Between M/T &T/T:using telecommunication,(2)Remittance by cable/telex/SWIFTtelegraphic transfer(T/T电汇) SWIFT(Society for worldwide Inter-bank Financial Telecommunication)环球同业银行金融电讯协会 Advantages: (1)Safety (2)high speed (3)Low expense (4)automation,I. Patterns of payment(付款的方式）,(3)D/D(Bankers demand draft)票汇,Remitter(Importer)付款人,Hand over application & fund by a check(1),Issuing draft(2),Remitting bank (汇付行),Payee(Exporter) 收款人,Paying bank (汇入行）,Verifying &paying）(6),(4)Mailing the stub(回执),Debit memo（借款通知单）(7),Handing over draft (5),(3)Mailing bank draft,II. Collection(托收) 1.Collection The mechanism for handling financial &commercial documents by banks in accordance with instruction(委托书) from principal/seller in order to: (1)Obtain payment/acceptance (2)Deliver D/P付款交单 or/and D/A承兑交单 (3)Deliver documents on others trade terms,b. Flowing chart of collection The flow chart of the documentary collection:,Principal(Exporter)收款人,Payment,(4)Collecting instruction委托书,Remitting bank (汇付行),Drawee(Importer) 付款人,Collecting bank (托收行）,Presentation6),(5)Forwarding instructions &documents,Releasing documents(8),(1)Specifying collection type in sales contract,Transport Company,(2)Loading goods (3)Obtaining B/L,(11) Delivering goods,(7),D/A,D/P,Acceptance,Payment,(12),Paying after * days,D/A(14),D/P(10),D/A(13),D/P(9),Credit Memo,b. Flowing chart of collection The flow chart of the documentary collection:,Principal(Exporter)收款人,Payment,(4)Collecting instruction委托书,Remitting bank (汇付行),Drawee(Importer) 付款人,Collecting bank (托收行）,Presentation6),(5)Forwarding instructions &documents,Releasing documents(8),(1)Specifying collection type in sales contract,Transport Company,(2)Loading goods (3)Obtaining B/L,(11) Delivering goods,(7),D/A,D/P,Acceptance,Payment,(12),Paying after * days,D/A(14),D/P(10),D/A(13),D/P(9),Credit Memo,C. Types of collection (1)Clean collection(光票托收) Collection of financial documents (2)Documentary collection(跟单托收) Collection of financial documents & commercial documents or only commercial documents,III. Letter of Credit-Bank credit 1.Definition On the request of the seller, the buyer will entrust a bank to open a credit ,which is a conditional payment of bank to the exporter. 2.The process of L/C,b. Flowing chart of collection 2.The flow chart of the Letter of credit:,Beneficiary (Exporter)收款人,(4)trans-mit document,Confirming bank Paying bank Negotiating bank Advertising bank,Applicant(Importer) 付款人,Issuing bank （开证行）,(13)redeem documents,(3)Issue L/C,(2)Apply to issue L/C,(1) contract,(10)Transmit documents & reimbursement,(11)Check documents &pay,(7)Dispatch notice,(6)Loading &assembling documents,(5)Check L/C &dispatch goods,(8)Present documents,Check documents &pay/negotiate (9),(12)Payment advice,(14)delivery,3.The classification of L/C (1)Documentary credit(跟单信用证) ,3.The classification of L/C (3)Confirmed or Unconfirmed L/C(保兑/不保兑的信用证) The confirming bank promises to make the payment of the L/C signed by the issuing bank; (4)Sight/Deferred payment credit(即期/延期付款的信用证) Issuing bank or paying bank makes the payment by the transport documents without drafts, the words “Available by payment at sight”/ “to be paid after * days of the shipment/presenting the documents”,3.The classification of L/C (5)Usance L/C or Acceptance L/C Usance L/C:The issuing bank or a bank nominated by the issuing bank accepts the documents & draft first, and pay the credit at maturity. (6)Negotiable/Transferable L/C The beneficiary asks the negotiating or correspondent bank to transfer the L/C to another or two beneficiary(-ies),3.The classification of L/C (7)Red clause of L/C(红条款) When the beneficiary is allowed to draw the whole sum of the clean draft ,the L/C is called anticipatory L/C.,3.The classification of L/C (8)Back to back/ Secondary/Subsidiary L/C(背对背信用证),Middle man,Advising bank or other banks,Another Beneficiary,Importer,send an(1) original L/C,send a new(2) L/C based on the original L/C,keep the original L/C, but send the secondary L/C,3.The classification of L/C (9)Reciprocal L/C(对开信用证) The beneficiary(exporter) &applicant (importer) of the first L