Unit_Six Financial English课件

1、金融英语听说Unit SixWarm-upShort DialogsResearch & PUnit Six2010年7月1Match the technical terms in Column A with their Chinese equivalents in Column B Main Menu Main Menu ContinueContinue Unit SixA. 背对背跟单信用证背对背跟单信用证B. 代收行；收款行代收行；收款行C. 承兑交单或付款交单承兑交单或付款交单D. 可转让跟单信用证可转让跟单信用证E. 通知行通知行F. 汇款，汇兑汇款，汇兑G. 拒付通知拒付通

2、知H. 议付跟单信用证议付跟单信用证I. 托收委托书托收委托书J. 跟单信用证跟单信用证K. 开证行开证行L. 跟单托收跟单托收M. 不可撤销保兑跟单信用证不可撤销保兑跟单信用证N. 议付行议付行O. 托收行，委托行；汇款行，托收行，委托行；汇款行， 汇出行汇出行P. 全球同业银行金融电信协会全球同业银行金融电信协会Q. 电汇和票汇电汇和票汇1. documentary collection 2. advising bank 3. D/A or D/P 4. issuing bank 5. irrevocable confirmed documentary credit 6. remittan

3、ce 7. documentary letter of credit8. notice of dishonor9. negotiating bank10. remitting bank11. negotiation documentary credit12. collecting bank13. transferable documentary credit14.back-to-back documentary credit15. collection order 16. T/T and D/D 17. SWIFTMain Menu Main Menu Unit Six2010年7月1Clas

4、sify the technical terms in Column A according to the given banking business. Letter of CreditCollectionRemittance2、4、5、6、7、9、11、13、141、3、8、10、12、15、6 6、10、12、16、17Note: Remittance 汇款汇款 既是国际结算的一种方式，既是国际结算的一种方式，在信用证和托收业务中也是或不可缺的。在信用证和托收业务中也是或不可缺的。Main Menu Main Menu CoContinuentinue Unit SixChoose th

5、e best answer to the question according to the dialog youve just heard.Main Menu Main Menu ContinueContinue Unit SixDialog 2Dialog 4Dialog 3Dialog 1Main Menu Main Menu Next Part Next Part Unit SixW: Morning, sir! What can I do for you? M: Would you tell me about the documents needed for the document

6、ary collection business? W: All right. The documents needed for collection are the bill of lading, certificate of inspection, certificate of insurance, and a sight draft for D/P and a usance draft for D/A. M: What should be stated in a bill of lading?ContinueContinue BacBack k Unit SixW: Many items,

7、 of course. For example, unit price and amount of goods, ports of loading and destination, price and payment terms, latest shipment date and validity of the L/ C, the name and address of the shipper and carrier. But in the space of consignee, you should write the words “To Order” instead of the impo

8、rters name.To Order 凭凭指示交货指示交货 最迟装运日期最迟装运日期信用证的效信用证的效期期BacBack k Unit SixM: Hello, Madam! Ive checked the letter of credit you advised yesterday. Well, Ive found that some terms and conditions do not match the clauses of the sales contract. I want to order the issuing bank to make some amendment. Co

9、uld you help me, please? W: No problem, sir. But I dont think you have the right to give any order to the issuing bank. Youd better inform the applicant of the matter and negotiate with him, requiring him to give instructions to his bank to amend the credit.M: All right. Thank you. Ill call him righ

10、t away.销售合约销售合约的条款的条款修改信用修改信用证的某些证的某些条款条款BacBack k Unit SixW: Hello, Smith Law Office. M: Hello, Madam! I want to have some advice from you. Ive got the notice of dishonor from my remitting bank. What should I do if I want to sue the drawee for the dishonor?W: Well, you can require the presenting ba

11、nk to protest the bill. A Notary Public there will help you and issue a Deed of Protest. It will state the reason of dishonor and provide legal evidence of dishonor acceptable to a court of law.拒付通知拒付通知书书为为起起诉受票人诉受票人把汇票做把汇票做成拒付证成拒付证书书公证人公证人拒付证书拒付证书拒付的原拒付的原因因BacBack k Unit SixM: Excuse me, Madam. Wou

12、ld you please tell me how to send an L/C to my supplier in a foreign country after I apply for it?W: In banking practice, the issuing bank will send the L/C to its correspondent bank in the country of your supplier. The correspondent bank will be required to advise the L/C to the named beneficiary.

13、You know, the bank is called the advising bank.M: I see that the L/C is not sent through the post office.代理行代理行（信用证）（信用证）指定的受指定的受益人益人BacBack k Unit SixTask 2 Short Answer QuestionsDirections: Listen carefully and then give an answer to the question after each dialog.Main Menu Main Menu Unit SixDialo

14、g 2Dialog 2Dialog 1Dialog 1Dialog 3Dialog 3Main Menu Main Menu Next Part Next Part Unit SixAnswer: The notice of dishonor. Question: What do you think the bank will send to the man by e-mail or by fax according to the conversation? ScriptsBaBac ck k Unit SixW: Excuse me, sir. Please insert the compl

15、ete address and full name of the drawee in the space here.M: OK. Thank you. Is it all right?W: Exactly correct, sir. Would you please state here the way of sending the notice of dishonor in the event of non-payment or non-acceptance? Which would you prefer, by cable or by mail?M: Either by e-mail or

16、 by fax, I think. Who on earth sends messages by mail now? Here is my e-mail address and fax number. B Bacack k Unit SixQuestion: What kind of role does the bank play in the L/C business according to the conversation? Answer: The bank plays a role of a negotiating bank in the L/C business. ScriptsB

17、Bacack k Unit SixW: Mr. Green, the beneficiary of the No. 675342 L/C has presented the documents to our bank for negotiation. What shall we do next?M: We will check the documents against the terms and conditions of the L/C. If they are OK, we will negotiate the documents at current discount rate. Th

18、en well send the documents to the issuing bank for reimbursement （偿付）（偿付）.W: I see. Thank you. B Bacack k Unit SixQuestion: What kind of letter of credit will be issued according to the woman? Answer: An irrevocable confirmed documentary credit will be issued.ScriptsBackBack Unit SixFor more informa

19、tionFor more informationM: Hi, Jane. Im told that the importer wants to open a revocable documentary credit in favor of our company. Is that true?W: Exactly true. But I declined the request. You know that a revocable credit may increase credit risk on our part. Wed better require him to open an irre

20、vocable documentary credit.M: I cant agree with you more. What about confirmation? Shall we require our bank to add its confirmation to the credit?W: You are talking my language. BaBac ck k Unit Sixopen an L/C in favor of someone （=open an L/C in someones favor）开立以某人为受益）开立以某人为受益人的信用证人的信用证add its con

21、firmation to an L/C 对信用证加以对信用证加以保兑保兑 保兑后的跟单信用证成为保兑信用证保兑后的跟单信用证成为保兑信用证(confirmed documentary letter of credit），），保兑信用证的银行被称为保兑行保兑信用证的银行被称为保兑行(confirming bank)。B Bacack k Unit SixTask 3 Listening and SimulatingListen to the dialogs and fill in the blanks with proper words or phrases, and then simulate

22、 the dialogues in pairs. Main Menu Main Menu Unit SixDialog 2Dialog 2Dialog 1Dialog 1Dialog 3Dialog 3Main Menu Main Menu NextNext Part Part Unit SixW: Excuse me, sir. Have you finished _ ? All right, let me have a check. Oh, sir, you forgot to state _ of D/A or D/P here.M: Is it _ to the collection?

23、W: Absolutely important. Without D/P or D/A instruction, the collecting bank will only _ against payment according to URC522.the collection orderthe instructioncriticalrelease documents放行单据，放行单据，交单交单For more informationFor more informationBackBack Unit SixURC522托收统一规则托收统一规则第第522号号 全称为全称为Uniform Rule

24、s for Collections No. 522，是国际商会第，是国际商会第522号出号出版物，于版物，于1995年修订，年修订，1996年年1月月1日起施行。除非日起施行。除非另有明确的约定，或与某一国家、某一政府，或与另有明确的约定，或与某一国家、某一政府，或与当地法律和尚在生效的条例有所抵触，当地法律和尚在生效的条例有所抵触，托收统一托收统一规则规则对银行托收业务相关的所有人均具有约束力，对银行托收业务相关的所有人均具有约束力，是银行办理托收业务的法律依据。是银行办理托收业务的法律依据。D/A (release documents against acceptance）承兑交）承兑交单

25、单 跟单托收的条款之一。指受票人承兑远期汇票后，跟单托收的条款之一。指受票人承兑远期汇票后，代收银行放行运输单据给受票人。这里的运输单据代收银行放行运输单据给受票人。这里的运输单据通常指物权证书通常指物权证书提单。提单。D/P (release documents against payment) 付款交单付款交单 跟单托收的条款之一。指受票人支付即期汇票后，跟单托收的条款之一。指受票人支付即期汇票后，代收银行放行运输单据给受票人。这里的运输单据代收银行放行运输单据给受票人。这里的运输单据通常指物权证书通常指物权证书提单。提单。BackBack Unit SixBackBack Unit Si

26、xM: Would you mind telling me the advantage of _ ?W: Right you are, sir. If you are going to issue a deferred payment credit, you need not pay _ _ on the bill of exchange under the credit because no draft is required.M: Oh, I see. But there would be risk on the part of _ since he would not get his p

27、ayment _ .W: Dont worry about the payment. The credit is a definite _ given by the issuing bank.deferred payment creditstampdutythe beneficiaryat maturityundertaking of paymentFor more InformationBackBack Unit Sixdeferred payment credit 延期付款信用证延期付款信用证 是是远期信用证的一种。该信用证明确规定了开远期信用证的一种。该信用证明确规定了开证行付款的时间，

28、受益人在提交单据时不用证行付款的时间，受益人在提交单据时不用出具汇票，只需在规定的到期日要求付款。出具汇票，只需在规定的到期日要求付款。规定到期日的方法有如规定到期日的方法有如“货物装船后若干天货物装船后若干天”或或“受益人交单后若干天受益人交单后若干天”等。等。stamp duty 印花税印花税 BackBack Unit SixBackBack Unit SixW: Sorry, Professor. A question puzzles me so much. Is there any distinction between a standby L/C and a commercial

29、L/C?M: Yes, of course. There is a simple method to tell the difference. Just remember that in the event of _ in payment or default in _ _ , a standby L/C will be set off, otherwise a commercial L/C will be used and it is _ in the ordinary trade.W: I understand that the standby L/C is used as a guara

30、ntee in the transactions and the guarantor is _ .dishonor or defaulttheperformance of contracta method of paymentthe issuing bankFor more InformationBackBack Unit Sixstandby L/C 备付信用证备付信用证 指为防止合约对指为防止合约对方毁约或拒付或不能还款或不能按期交货等方毁约或拒付或不能还款或不能按期交货等情况发生而要求合约对方银行开具的起担保情况发生而要求合约对方银行开具的起担保作用的信用证。一般正常情况下不会使用，作用

31、的信用证。一般正常情况下不会使用，一旦提示，即表示信用证的受益人向开证行一旦提示，即表示信用证的受益人向开证行索赔。索赔。 commercial L/C 商业信用证商业信用证 正常的国际正常的国际贸易中作为结算付款工具的所有信用证都称贸易中作为结算付款工具的所有信用证都称为商业信用证。为商业信用证。 BackBack Unit SixBackBack Unit SixConversation 1Role-Playing 2Role-Playing 1Conversation 2Main Menu Main Menu Unit SixNexNext Part t Part B Backack U

32、nit Six Task 1 Previewing B Backack Unit Six1.How many parties are involved in a documentary L/C business?2.Which do you think most probably acts as a confirming bank, issuing bank or advising bank? Four basic parties: an applicant, a beneficiary, an issuing bank, an advising bank. The advising bank

33、. The issuing bank may probably request the advising bank to add its confirmation to the credit if the applicant gives such instructions. . ContContinueinue B Backack Unit Six3.By whom and to whom will the advice of the letter of credit be sent? 4.Try to list types of letters of credit as many as po

34、ssible.The advice of the letter of credit will sent by the advising bank to the beneficiary. ContiContinuenue B Backack Unit SixRevocable Letter of CreditConfirmed Documentary Letter of CreditNegotiation Documentary Letter of CreditUsance Documentary Letter of CreditAcceptance Documentary Letter of

35、CreditDeferred Payment Documentary Letter of CreditDocumentary Letter of CreditIrrevocable Letter of CreditUnconfirmed Documentary Letter of CreditPayment Documentary Letter of CreditSight Documentary Letter of CreditClean Letter of CreditContiContinuenue B Backack Unit Six可转让跟单信用证可转让跟单信用证背对背跟单信用证背对

36、背跟单信用证备付信用证备付信用证预付信用证预付信用证对开信用证对开信用证循环信用证循环信用证Transferable Documentary Letter of CreditBack-to-Back Documentary Letter of CreditStandby Letter of CreditAnticipatory Letter of Credit (Red Clause Credit)Reciprocal Letter of CreditRevolving Letter of CreditContinueContinue B Backack Unit SixTask 2 Mult

37、iple Choice Q 1. Which of the following is not mentioned as types of letters of credit? Q 2. What is the name of the L/C if it is confirmed by the advising bank at the request of the issuing bank? Q 3. Which of the following is most acceptable to the exporter in the foreign trade? Q 4. What is the n

38、ame of the L/C when it is stated to be negotiated by the advising bank or any other bank? Q 5. What will be written on the L/C advice if it is not confirmed by another bank? DABCCContinueContinue B Backack Unit Six1.The letter of credit is called a documentary credit if it requires presentation of s

39、hipping documents for payment. 2.Letters of credit can also be divided into sight credits and usance credits or acceptance credits according to whether or not a third bank adds its confirmation to the letter of credit. TFaccording to the time of payment.ContinueContinue B Backack Unit Six3.An irrevo

40、cable credit can be amended or cancelled by the buyer at any time before the payment is made. 4.With a transferable documentary letter of credit, the beneficiary can transfer part or whole of the benefits of the credit to one or more third parties through the transferring bank. 5.The advising bank w

41、ill act as a negotiating bank in the letter of credit business if it negotiates the documents under the credit at the request of the issuing bank. Fcan not be amended orcancelled by the buyer without consent of all the parties concerned.TTScriptsScriptsB Backack Unit SixScriptsScripts for Conversati

42、on 1 for Conversation 1W: Morning, Professor!M: Morning, Zhang! What are you reading here?W: Oh, Im reading my textbook of International Settlement, Professor. Ive a test tomorrow. I have to review the subject. I want to get a top grade this time.M: Very good. Now Ill give you an oral test to see ho

43、w much you have learnt about the course.W: Id love to, Professor. Please, Im ready. M: Well, would you tell me the types of letters of credit?ContinueContinue B Backack Unit SixW: Oh! It is a big question, but Im sure I can give the answer. There are many types of letters of credit. For example, we

44、may divide letters of credit into documentary credits and clean credits according to whether or not it is accompanied by shipping documents. And the former one is frequently used in international trade.M: Well, you do tip-top. Go ahead.W: OK. All the letters of credits must state whether they are re

45、vocable or irrevocable, and irrevocable credits are usually acceptable in foreign trade, because the irrevocable credits can not be modified or cancelled without agreement of all the parties concerned. ContinueContinue B Backack Unit SixM: Too right you are! How about the transferable documentary cr

46、edits?W: The transferable documentary credit is one that specifically authorizes the beneficiary to transfer part or whole of the benefits of the letter of credit to someone else. Thus an exporter abroad can arrange shipment of goods after the importer opens a transferable credit in favor of the exp

47、orter, and then he may transfer the benefits of the credit to the actual supplier or suppliers of the goods through a transferring bank. M: Are there any other types of credits?ContiContinuenue B Backack Unit SixW: Yes, of course. Letters of credit may be classified into confirmed credits and unconf

48、irmed credits according to whether or not a third bank adds its confirmation to the letter of credit. The third bank will only confirm payment for the irrevocable credit at the request of the issuing bank. According to UCP600, the issuing bank undertakes the primary payment, and the confirming bank

49、undertakes the secondary payment. It is generally stated in the advice of the letter of credit by the confirming bank as “The credit is confirmed by us” or “We hereby add our confirmation to this credit”. SometimesContinueContinue B Backack Unit Six the confirming bank may undertake the primary paym

50、ent, and the words will appear like this “This credit bears our confirmation and we undertake that documents presented for payment in conformity with the terms of this credit will be duly paid on presentation.” Without such words in the advice of the letter of credit, it is an unconfirmed credit.Con

51、tinuContinue e B Backack Unit SixM: Well done. Go on, please.W: In addition, depending on the time of payment, letters of credit can also be divided into sight credits and usance credits. The bill of exchange drawn under a usance credit is usually a usance draft and it must be accepted by the issuin

52、g bank or a nominated bank. So the usance credit is also named as an acceptance credit. There are also payment credits or negotiation credits just according to who will make payment on the presentation of the credit. If it is stated to be payable directly by the issuing bank or some nominated bank,

53、it is a payment credit. If it is stated to be negotiated by the advising bank or any other bank, it is a negotiation credit.ContContinueinue B Backack Unit SixM: Excellent. Youve really done well. Im sure youve made it. I would give you an “A” grade if you were my student. W: Thank you very much, Pr

54、ofessor. You know, my dream is to become a banker.M: Come on! Your dream will come true, Im positive.For More InformationB Backack Unit SixYou do tip-top不错。不错。usance credit 远期信用证远期信用证 （注：（注：usance credit与与acceptance credit（承兑信用证）一样，要求开证（承兑信用证）一样，要求开证行或信用证指定的银行承兑信用证项下的远期汇行或信用证指定的银行承兑信用证项下的远期汇票，并于汇票到期

55、日准时付款。受益人在提示远票，并于汇票到期日准时付款。受益人在提示远期汇票要求承兑时，还要同时提交单据。承兑银期汇票要求承兑时，还要同时提交单据。承兑银行只有在核对单据无误后才予承兑。银行承兑后行只有在核对单据无误后才予承兑。银行承兑后收下单据，交还汇票。受益人取得经银行承兑的收下单据，交还汇票。受益人取得经银行承兑的汇票后，可将此汇票向当地的贴现市场办理贴现，汇票后，可将此汇票向当地的贴现市场办理贴现，在扣除利息后立即收入现金。也可以持有汇票，在扣除利息后立即收入现金。也可以持有汇票，待到期时向承兑银行提示付款。所以待到期时向承兑银行提示付款。所以usance credit也被称为银行承兑信

56、用证。也被称为银行承兑信用证。ContinContinu ue e B Backack Unit Sixdeferred payment credit （延期付款信用证）也属（延期付款信用证）也属于一种远期信用证。与于一种远期信用证。与usance credit和和acceptance credit 不同之处是不同之处是deferred payment credit的受益人的受益人在提交单据时不用出具远期汇票承兑，只需在规定在提交单据时不用出具远期汇票承兑，只需在规定的付款时间要求开证行付款。）的付款时间要求开证行付款。）UCP600 (The Uniform Customs and Prac

57、tice for Documentary Credits, 2007 Revision, ICC Publication No. 600) 跟单信用证统一惯例跟单信用证统一惯例6002007修订本，国际商会第修订本，国际商会第600号出版物，适用于号出版物，适用于所有的其文本中明确表明受本惯例约束的跟单信所有的其文本中明确表明受本惯例约束的跟单信用证，并对信用证所有当事人均具有约束力。用证，并对信用证所有当事人均具有约束力。B Backack Unit SixB Backack Unit SixJohnson is a young merchant. He has to have a lett

58、er of credit as the means of payment according to the sales contract with the seller, but he does not know how to apply for an L/C and what are required for the issuance of an L/C. So he comes to consult with Mr. Zhang, an experienced clerk from the Department of Settlement, Guangdong Branch of Bank

59、 of China.2010年7月1B Backack Unit SixTasks of each role:Tasks of each role:Say hello to Mr. Zhang;Present the signed sales contract and apply for issuance of an irrevocable confirmed negotiation documentary credit;Give detailed description of the transaction to be settled:Promise to use documents of

60、title to the goods (bill of lading) as security or collateral;Give instructions for the L/C:JohnsonDetailed description of the transaction:The type and quantity of the goods purchased;The unit price and total amount of the transaction;The shipment date and the price terms;Instructions for the L/C:The na