ISP98.ppt

美联研讨会交流2006 09 18 主要内容 一 美联简介二 isp98主要条款三 美联美元清算新业务 一 美联简介 1 资产情况 截止2005年底 美联的总资产已达usd6700亿 是美国第4大银行 世界排名第8位 美国资产排名前三位的银行 花旗银行 美国银行 摩根大通 2 主要指标 存款 usd3290亿贷款 usd2810亿居民客户 1900万网上银行用户 330万评级 s p a moody aa3fitch aa 一 美联简介 1 海外银行网络密布美联在世界主要国家和地区均设有代表处或分行 便于与当地的银行联系 2 为同业提供便利的查询服务 网上查询 cyberinquiry 3 美联的优势 一 美联简介 3 亚洲特色业务a 汇款当日到帐 wbtaipei 21 00 8 00wbnewyork 8 00 18 00 fed usatime b 美联香港审单中心目前 香港审单中心有400多人 负责亚洲的单证业务 同时 承接了63家海外银行的审单业务 包括欧美的银行 可提高审单和付款的效率 3 美联的优势业务 二 isp98主要条款 isp98的框架 rule1 generalprovisionsrule2 obligationsrule3 presentationrule4 examinationrule5 notice preclusion anddispositionofdocumentsrule6 transfer assignment andtransferbyoperationsoflawrule7 cancellationrule8 reimbursementobligationsrule9 timingrule10 syndication participation 二 isp98主要条款 备用信用证当事各方的定义 advisor thepersonthatadvisesanisp98l c confirmer thepersonthatconfirmsanisp98l c issuer thepersonthatissuesanisp98l c 二 isp98主要条款 备用信用证当事各方的定义 person abank anenterprise anaturalperson andmore nominatedperson thepersonthatnomitedbyanisp98l c rule1 09a definition 二 isp98主要条款 isp98主要条款的理解 example ifaguaranteeoranmt760isissuedsubjecttoisp98 itisnotaguaranteebutastandbyl c rule1 01b d anyinstrument undertakingordocument howevernamed subjecttoisp98isastandbyl c 二 isp98主要条款 anisp98sblcsays onreceiptofcompliantdocuments theissuingbankwillpaythepresenteronlyonreceiptofpaymentfromthel capplicant q istheabovetermallowedbyisp98 a yes butitwilldefeatthepurposeofl c subjecttoisp98theunfavourabletermscanbedisregarded rule1 01c 二 isp98主要条款 q1 canastandbyl cbesubjecttobothisp98anducp500 q2 whatifthereisnodiscrepancyasperisp98butthereisdiscrepancyasperucp500 whichsetofruleswillbeprevail a1 yes a2 isp98 rule1 02b otherprovisions isp98 applicablelaw 二 isp98主要条款 rule1 06a anisp98l cdoesnotindicatewhetheritisirrevocableorrevocable q isitirrevocable a yes 二 isp98主要条款 rule1 06c thebenofanisp98l cmadeacompliantpresentationtoissuer thoughthereisnobreachofcontract a1 yes asperisp98 q1 shouldtheissuerpay 二 isp98主要条款 rule1 06c thebenofanisp98l cmadeacompliantpresentationtoissuer howevertheapplicantinsistthatthereisnobreachofcontract a2 yes asperisp98 q2 shouldtheissuerpay 二 isp98主要条款 rule1 06c enforceabilityofanissuer sobligationunderanisp98l cdoesnotdependonii whetherthebeneficiaryhastherighttogetpaymentfromtheapplicantoriv whethertheissuerrealizestheexistenceofbreachofcontract 二 isp98主要条款 rule1 06e anisp98l chasbeenissued q isitenforceableifoneofthefollowinghappens theapplicantdidnotauthorizetheissuanceofthelcatall theapplicantrefusestopaytheissuancefee a yes 二 isp98主要条款 rule1 10ai anisp98l csays thisl cisunconditional q whatdoesthel ctermmean doesitmeantheissuerwillpayevenifthepresentationisdiscrepant a itmeansthattheissuerwillpayonreceiptofcompliantdocument butitisnotnecessaryinl c 二 isp98主要条款 rule1 10ai redundantwordsabsolute irrevocableprimary independentpayablefromissuer sownfund paymentindependentclean payableondemand paymentondemand 二 isp98主要条款 q isitadiscrepancyasperisp98 a no and ormeanseitherorboth rule1 10b anisp98lcsays invoiceand orb lrequired thebeneficiaryhaspresentedtheinvonly withoutb l 二 isp98主要条款 q ifanisp98lcusesthefollowingwords whatdotheymean callabledivisiblefractionabletransmissible a theyhavenosinglemeaningandshouldbedisregarded rule1 10ci 可随时支取的 可分段的 可分割的 可转递的 二 isp98主要条款 rule1 10cii q ifanisp98lcusesthefollowingwords whatdotheymean assignable evergreen reinstate revolving 收款权益可转让 无期限 金额自动还原 可循环 a theyhavenosinglemeaning unlessintheircontext conditionneeded 二 isp98主要条款 a1 aorb butnotboth a2 bothaandb butnoteither a3 aorborboth rule1 11civ q1 whatdoes eitheraorb mean q2 whatdoes aandb mean q3 whatdoes aorb mean 二 isp98主要条款 rule1 11civ example aisp98l cwasissuedforeur1milandsays paymentforthisl ciseur1milorusd1 2mil q1 whatcouldthebenexpect q2 whatshouldtheissuerpay a eur1milorusd1 2mil butnotboth a b 二 isp98主要条款 rule2 01dii anisp98l chasbeenconfirmed itsays docstobepresentedtotheissuerinsteadoftheconfirmer a1 yes a2 presentedtoconfirmer onlywhenthepresentationtoissueristimely q1 isitallowedbyisp98 q2 whatiftheissuerwronglydishonorsthecompliantpresentation 二 isp98主要条款 rule2 01e anisp98l chasbeenissuedforusd1mil adrawingforusd1milispresented inpaymenttheissuerpaysthegoldbarsequivalenttousd1mil a thepresentercannotrefuseifthel cstipulatedthatpaymentcanbemadebygoodbars paymentdoesnotmeanfunds q canthepresenterrefusethepayment 二 isp98主要条款 anisp98l chasbeenissuedwiththeterm thisl cisnotoperativeuntilthereisanamdtovalidateit q isthisl cissued isitstillirrevocable a yes oncethel cleavestheissuer scontrol rule2 03 二 isp98主要条款 q whatarethemainresponsibilitiesofadvisior a i apparentauthenticityofl c ii theadvisegiventobenisconsistentwithwhatwasreceivedbyadvisor 确认通知的l c是通知行所收到的 rule2 05a 二 isp98主要条款 anisp98l cwasissuedonmar 3 2006withthefollowingautomaticamdclause theavailabilityofthisl cisreducedbyusd50 000onthe1stdayofeachmonth onapr 1st 2006 theissuerwantstoreducetheavailability rule2 06a 二 isp98主要条款 rule2 06a q doesthereductionrequiretheben sconsent a no thistermisconsideredasanautomaticamdandhasbeenincorporatedintheoriginall c 二 isp98主要条款 rule2 06cii example1anisp98l crequires inspectioncertissuedbyits itsamdsays inspectioncerttobeissuedbysgsinsteadofits thebenhasneverindicatedhisacceptanceorrejectionoftheamd adrawingwithaninspectioncertissuedbysgsissubmitted 二 isp98主要条款 rule2 06cii example1q hasthebenacceptedtheamd a yes justlikethatinucp500 书面接受改证 或者用实际的交单行为表示是否接受改证 2 06ciii 改证的生效不需要得到开证申请同意 二 isp98主要条款 rule2 06cii example2anisp98l cwasissuedforusd1mil anamdtodecresel camountbyusd0 2milwasalsoissued thebenhasnotexpresslyacceptedorrejectedtheunfavorableamd acompliantdrawingforusd0 7milispresented 二 isp98主要条款 rule2 06cii example2q doesthecompliantpresentationindicatethatthebenhasactuallyacceptedtheamd a no 二 isp98主要条款 rule3 02 anisp98l crequires10differentdocumentsincludingdrafts thebensubmitsdraftsonly a yes qisitapresentation doestheissuerneedtoexaminethedraft 二 isp98主要条款 rule3 07c anisp98l cpresentationofacontractcopyalongwiththeotherdocs thefirst4discrepantdrawingswithoutthecontractcopyweresubmitted theissuerhonoredthesedrawingsimmediatelywithoutsendinganyrefusalnotice 二 isp98主要条款 rule3 07c however theissuerrefusedandreturnedthe5thdrawingduetonon presentationofthecontractcopy thepresenterchallengedthattheissuerhadhonoredthefirst4drawingswithoutthecontractcopyandthendemandedimmediatehonorfromissuer 二 isp98主要条款 rule3 07c q didtheissuerhavetherighttorejectthe5thdrawingwiththesamediscrepancy a yes sinceeachpresentationisindependent 二 isp98主要条款 rule3 08a astandbyl csays l camount usd1milpartialdrawings allowed a no onesubmitonly q canthebensubmit2drawingsforusd0 4milandusd0 6mil 二 isp98主要条款 rule3 08c astandbyl csays l camount usd1milpartialdrawings prohibited a no drawingforfullamountofsbl c q canthebensubmit1drawingsforusd0 6mil 二 isp98主要条款 rule3 08d astandbyl csays l camount usd1milmultipledrawings prohibited a yes q canthebensubmit1drawingsforusd0 6mil 二 isp98主要条款 rule3 08c d q canastandbyl cshowsbothpartialdrawings prohibitedmultipledrawings prohibited a no sincethetwoitemsarecontradictory partialdrawing 1drawing drawingamountdependsonmultipledrawing drawingamountcouldlessthanl c oneorseveraldependson 二 isp98主要条款 x x x 二 isp98主要条款 rule3 08e l cissuedforusd1milrequiredraftsonly draftsforusd1milpresentedinvoiceforusd1 1milpresentedpromissorynoteforusd1 2milpresented q isthel coverdrawn anydiscrepancy a no theruleallowsotherdocstoshowamtgreaterthandrafts 超额的概念 二 isp98主要条款 rule3 09extendorpay abensubmitsademandwiththefollowinginstructions inlieuofhonoringthedrawingforusd1mil youastheissuermayextendthel cvaliditytooct 10 2007 q isitallowedunderisp98 a yes theissuerhastwooptions isthisapresentation 二 isp98主要条款 rule3 10 anissuerreceivedadiscrepantpresentationunderanisp98l c q isitokfortheissuertotakethefollowingactionswithoutreferringtotheapplicant rejectandreturnthedocs honorandpayforthedrawing a yes theissuerhashisrighttodecide 二 isp98主要条款 rule3 12 abenlostanisp98l candaskedtheadvisortotypeananothercopyagainsthisindemnity q1 cantheadvisorrefusetodoso a1 yes itisnotadvisor sobligation notsafe q2 howaboutaskedtheissuertoissueareplacement a1 theissuercanrefuseandinsistthattheoriginall cshouldbepresentedalongwiththedemand 二 isp98主要条款 rule3 14a anisp98l cexpiresonoct 11 2006 assumeatyphoonishittinghkandthehkbankclosedonoct 11 2006 thebenisunabletomakethepresentation q willthel cexpirydatebeextendedtothenextbusinessday a yes theexpirydatewillbeextendedto30daysaftertheissuingbank sbusinessday 二 isp98主要条款 rule4 02 anisp98l cdoesnotrequirepresentationofinv butthebenpresented q shouldtheinvbeexamined a no 二 isp98主要条款 rule4 03 anisp98l csays draftsfor100 oftheamountoftheben sstatement ben sstatementacopyofinvissuedbyben 二 isp98主要条款 rule4 03 thepresenteddocumentsshow draftsforusd1milben sstatementforusd1milben sinvforusd1 5mil q isthereanyinconsistencyinamount a no neitherisp98northel crequirestoexaminetheamtbetweeninvandl candotherdocs 二 isp98主要条款 rule4 04 anisp98l cwasissuedinenglish thebenpresenteditsowncertinfrenchandthepolicereportinchinese q arethelanguagesinthe2docsacceptable a ben scertshouldbeinenglish documentsissuedotherthanbenisallowedinotherlanguage 二 isp98主要条款 rule4 07a q mustadocumentbesigned a itneednotunlessitisrequiredbyl c astandardpracticerequiresso 二 isp98主要条款 rule4 08 q whathappensifanisp98l cdoesnotrequirepresentationofanydocs howcanthebengetpaid a togetpaid benshouldsubmitawrittenpaymentdemandtoissuer 二 isp98主要条款 rule4 11b anisp98l csays thebenmusttransferusd0 1miltoapplicant saccountwithissuerwithin1monthafterl cissuance a no sincetheissuercandeterminefromitsownrecordswhetherthebenremittedthefundswithintime q isitanon documentarycondition 二 isp98主要条款 rule4 15d anisp98l crequirespresentationofaninspcertcopy thebenpresentsanoriginalinspcert q isitadiscrepancy a no unlessthel crequiresonlyacopyrequiresorindicateshowtheoriginalbedisposed 二 isp98主要条款 rule4 15eii example1anisp98l crequirespresentationofqualitycertin3originals q whatshouldthebenpresented a thebenmustsubmit3originalsonly nocopiesareacceptable 二 isp98主要条款 rule4 15eii example2anisp98l cshows presentationofqualitycert originalsin3copies q whatshouldthebenpresented a i 1original 2copiesii 2originals 1copiesiii 3originals 0copies 二 isp98主要条款 rule4 20 anisp98l crequiresaninv thepresentedinvwasnotissuedbybenofthestandbyl c q isitadiscrepancy a no unlessotherwisestipulatedinthel c howtheinvischeckedisnotgovernedbyucp 二 isp98主要条款 rule5 01a q whatisareasonabletimeforsendingnoticeofdihonor a i within3businessdaysisnotunreasonable ii beyond7businessdaysisunreasonable 二 isp98主要条款 rule5 01b noticeofdishonormustbesentbyteleunlessitisnotavailable althoughteleisavailable anissuersendsthenoticeofdishonorbymail thenoticeisreceivedbypresentedwithin3businessdaysafterpresentation q isthenoticeofdishonorvalid a yes sinceitisinreasonabletime safeharbour 二 isp98主要条款 rule5 04 duringdocchecking theissuerraisedthefollowingdiscrepancies l cexpiredcertnotsignedhowever theissuersentthenoticeofdishonoronthe10thbusinessdayafterpresentation a itisuptotheissuer expiredl c nol c noisp98rules q musttheissuerpay 二 isp98主要条款 rule5 07 anissuersentanoticeofdishonorwithoutstatingwhetheritwasholdingthedocsatthedisposalorreturningthedoc a yes notstatinghowthedocsaredisposedisnotaproblemofisp98l cissuer generalspeaking thedocisdraftsandstatement notb lforgoodsdelivery q isthenoticeofdishonorstillvalid 二 isp98主要条款 rule5 09 anissuerhashonored4drawingsunderandisp98l c theissuerdebitedtheapplicant sa candhonoredthedrawings thehonoreddocswerereleasedtotheapplicantasfollows 二 isp98主要条款 rule5 09 1stdrawing 2monthsago2nddrawing 1monthago3rddrawing 3weeksago4thdrawing 1weekagoandnowtheapplicanthasfoundavaliddiscrepancyinalldrawingsthatissuermissedduringdocexamination theapplicantaskstheissuertorefund 二 isp98主要条款 rule5 09 q musttheissuerrefund a thefirst3drawingscannotberefunded theissuermustrefundthe4thdrawingsastheapplicantsenttheobjectiontimely 二 isp98主要条款 rule6 02b q1 canatransferablestandbyl cbetransferredtomorethanone2ndben a1 no itcanonlybefullytransferredto1secondben q2 canthe2ndbentransferfullytothe3rdben a2 yes 二 isp98主要条款 rule6 12d anisp98l cwasissuedinfavorofacom acomwasmergedwithbcomtoformanewcompanycalleda bcom thelegacyacomwantstodrawunderthestandbyl c q canacomdrawthel cinthenameofa bcom a yes innameofacomora bcomisok ifinnameofa bcom theofficialdoccopyrequired 二 isp98主要条款 rule6 12d a becauseofmerger consolidation 合并 b becauseofinsolvency 破产 c becauseofdeathorincapability 死亡或无行为能力 d becauseofnamechanged 更名 二 isp98主要条款 rule7 01 thebenrequestedtheissuertodisregarditsconsenttocancellation q whatcantheissuerdo a theissuercanasktheapplicantiftheyagreetodisregardthecancellation becauseben swrittenconsentisirrevocable 二 isp98主要条款 rule8 03 anominatedpersonclaimedreimbursementimmediatelyafternegotiation afterdocumentchecking theissuersentthenoticeofdishonoranddemandedrefund thenominatedpersoncooperatedbyrefunding q canthenominatedpersonarguewiththeissueronthevalidityofdiscrepanciesafterrefunding a yes 二 isp98主要条款 rule9 01 q cananisp98l chavenoexpirydate a yes itcanprovidedthatitallowstheissuertoterminatethel cafteri givingreasonablepriornoticetotheben ii payingthepresenterofthedrawingdocs 二 isp98主要条款 rule10 01 q