《国际结算（双语）》试卷A及参考答案

InternationalSettlement试卷AIMultipleChoice(10%)Theissuingbankauthorizestheadvisingbanktoadditsconfirmationtothecreditandthelatterconfirmsthecredit.Ifthecreditbearsaclause:“allbankingchargeswillbefortheaccountofthebeneficiary”,thentheconfirmingbankwillcollectitsconfirmationfeesformthe().A.issuingbankB.beneficiaryC.applicantD.others()isthewrittensignificationbythedraweeofhisassenttotheorderofthedrawer.A.todrawB.presentationC.acceptanceD.endorsementCompanyAhasexportedCompanyBabatchofgoods,CompanyBhasopenedtoanirrevocablesightletterofcredittoCompanyAthroughbankC.WhenCompanyApresentedthefullsetofshippingdocumentsandappliedfornegotiationafterhehasshippedthegoods,CompanyBhasgonebankrupt.ThenBankC().canrefusetopayonthegroundsthatCompanyBhasgonebankruptshallstillbeliableforpaymenthastherighttopostponepaymentandthedelaytimecanbenegotiatedbybothpartiesAcreditstipulates:“oneshipmentof100,000yardsofwire”,whichofthefollowingquantitiesfailstocomplywiththecreditrequirement?()A.106,000yardsofwireB.105,000yardsofwireC.107,000yardsofwireD.108,000yardsofwireDocumentarycreditmeanspaymentagainst()insteadofagainst().A.goods…documentsB.documents…goodsC.documents…acceptanceD.acceptance…documentsInordertopreventthe()fromopeningtheL/Clate,theexportershouldstipulateatthesametime“TherelevantL/Cmustreachthe()notlaterthanJanuary31,2005.”A.sellerbuyerB.buyersellerC.buyerimporterD.sellerexporterThecollectionisbasedonthecommercialcredit,whiletheL/Cisonthebasisofthebanker’scredit,().A.sothecommercialdraftisusedforcollection,whilebanker’sdraftisusedfortheL/CB.however,commercialdraftsareusedforbothC.however,banker’sdraftsareusedforbothOrderbillofexchange().A.mustbetransferredbyendorsementB.cannotbetransferredbyendorsementC.doesnotrequireendorsement,butcanbetransferredbydeliveryThepartiesconcernedwiththecollectionwilluse()tosettlethedispute(s)amongthem.A.UCP600B.CISGC.INCOTERMS2010D.URC522Ifabillofladingbearsanotationasfollows:“fivebalestorn”,itmaybeconsideredasa(an)()billoflading.A.cleanB.uncleanC.AorBD.noneofaboveIIExplainthefollowingconcepts.(18%)SWIFTInternationalTradeSettlementCertificateofOriginPromissoryNoteRecourseForfeitingIIIAnswerthefollowingquestions(36%)Whatisthecollection?Howmanypartiesconcernedandwhoarethey?DescribethecharacteristicsandfunctionsofL/C.WhatarethecharacteristicsoftheNegotiableInstruments?Whatarethepotentialactsrelatedtothedraft(orwhatarethepotentialstepsforthecirculationofthedraft?)DescribethegeneralprocedureofD/Aaftersightwithafigureorgraph.Besides,someadditionalexplanationforthefigure/graphisnecessary.Describethegeneralprocedureofinternationalfactoringwithafigureorgraph.Besides,someadditionalexplanationforthefigure/graphisnecessary.IVCaseStudy(18%)Mr.AisasalesmanwhoisworkinginaChineseimportandexportcompany.HeneedstotakeUSD500,000.00topickupthegoodsinUSA.(1)CanhevisitUSAwithcashamounttoUSD500,000.00andbringthegoodsbackwithhimfromUSA?(2)Supposeyou'reanemployeeoftheInternationalDepartmentofBankofChina,whatadvicewouldyougivetoMr.A?IBMisamultinationalenterprisewhohasestablishsomanyforeignsubsidiariesandbranchesabroad,andtherearesomanybusinessesbetweentheIBManditsforeignsubsidiariesorbranches,oramongitsforeignsubsidiariesorbranches.WhatkindofforeignexchangerisksIBMwillmeetandhowtomanagetheseforeignexchangerisks?ShanghaiTextileCo.,Ltd.hassoldabatchofcommoditiestoTLXCompanywhoislocatedintheUSA.Aftertheshipment,ShanghaiTextileCo.,Ltd.PresentedthedocumentsrequiredbytheS/CtoBankFintheUSAthroughBankofShanghai.BankFhandedthedocumenttoTLXCompanybeforehehasmadepayment.TheTLXCompanywentbankruptlater.DoyouthinkShanghaiTextileCo.,Ltd.cangetthepayment?Whyandhow?ⅥPractice(18%)ReadthefollowingL/CandanswerthefollowingquestionsWhatarethecharacteristicsofthiscredit?(atleastfour)(2%)Whatisthedateoftheissuance,expirydate,timeofshipmentandthetimeforthepresentationofthedocuments?(2%)Whatkindofdocumentsarerequiredunderthiscreditandhowmuchofthemarerequiredrespectively?(4%)SampleLetterofCreditFROM:INDUSTRIALBANKOFJAPAN，LIMITED，TOKYOTBANKOFCHINA,SHANGHAISQUENCEOFTOTAL:27:1/1FORMOFDOC.CREDIT:40A：IRREVOCABLEDOCU.CREDITNO.:20:ILC136107800DATEOFISSUE:31C:991015DATENPLACE9OFEXP.:31D:991215INTHECOUNTRYOFBENEFICIARYAPPLICANT:50:ABCCOMPANY,1-3MACHIKUSTREET，OSAKA，JAPANBENEFICIARY:59:SHANGHAIDASHENGCO.，LTD.UNITC2/FJINGMAOTOWER,SHANGHAI,CHINA.CURRENCYCODE,AMOUNT:32B:USD21240.00AVAILABLEWITH/.BY…41D:ANYBANKBYNEGOTIATIONDRAFTSAT…:42C:SIGHTFOR100PCTINVOICEVALUEDRAWEE:42D:THEINDUSTRIALBANKOFJAPAN,HEADOFFICEPARTIALSHIPMENT:43P:ALLOWEDTRANSSHIPMENT:43T:NOTALLOWEDLOAD/DISPATCH/TAKING:44A:CHINESEPORTSTRANSPORTATIONTO…:44B:OSAKA/TOKYOLATESTDATEOFSHIPMET:44C:991130DESCRIPGOODS/SERVICE:45A:4,000PCS"DIAMOND"BRANDCLOCKARTNO.791ATUSD5.31PERPIECECIFOSAKA/TOKYOPACKEDINNEWCARTONSDOCUMENTSREQUIRED:46A:1.SIGNEDCOMMERCIALINVOICEINTRIPLICATE2.SIGNEDPACKINGLISTINONEORIGINALAND5COPIES3.CERTIFICATEOFCHINESEORIGINIn2COPIES4.BENEFICIARY’SCERTIFICATESTATINGTHATONESETOFORIGINALSHIPPINGDOCUMENTSINCLUDINGORIGINAL“FORMA”HASBEENSENTDIRECTLYTOTHEAPPLICANT5.COPYOFTELEXFROMAPPLICANTTOSUPPLIERSAPPROVINGTHESHIPPINGSAMPLE.6.INSURANCEPOLICYORCERTIFICATEENDORSEDINBLANKFOR110PCTOFCIFVALUE,COVERINGW.P.ARISKANDWARRISKinduplicate7.FULLSETCLEAN’ONBOARD’OCEANBILLSOFLADING,MADEOUTTOORDERANDBLANKENDOR-SEDMARKED’FREIGHTPREPAID’ANDNOTIFYAPPLICANT.ADDITIONALCONDITION:47A:ALLDRAFTSDRAWNHEREUNDERMUSTBEMARKED"DRAWNUNDERINDUSTRIALBANKOFJAPAN,LTD.,HEADOFFICE,CREDITNO.ILC136107800DATEDOCT.15,1999"ANDTHEAMOUNTOFSUCHDRAFTSMUSTBEENDORSEDONTHEREVERSEOFTHISCREDIT.…………PRESENTAIONPERIOD48:DOCUMENTSMUSTBEPRESENTEDWITHIN10DAYSAFTERTHEDATEOFISSUANCEOFTHESHIPPINGDOCUMENTSBUTWITHINTHEVALIDITYOFTHECREDIT.CONFIRMATION49:WITHOUT…………2．SupposetheinvoicerelevanttotheL/Cmentionedaboveisasfollows：(1)No.ofInvoice：SDS20170123;(2)TotalAmount：USD21240.00.FillinthefollowingBillofExchange.(10%)BILLOFEXCHANGEDrawnUnder（1）No. （2） Exchangefor （3） （4） （5）at （6） sightofthisFIRSTofExchange（SecondofExchangeBeingunpaid）Paytotheorderof （7）thesumof （8）To （9） （10）InternationalSettlement试卷A参考答案及评分标准IMultipleChoice(10%)BCBDBBBADBIIExplainthefollowingconcepts.(18%)SWIFTThefullnameofSWIFTisSocietyforWorldwideInterbankFinancialTelecommunication.Itisanon-profitandcooperativeorganizationwhichwasestablishedinBrusselsin1973.Itstartedtoestablishcommonstandardsforfinancialtransactionsandashareddataprocessingsystemandworldwidecommunicationsnetwork.Fundamentaloperatingprocedures,rulesforliability,etc.,wereestablishedin1975andthefirstmessagewassentin1977.TheSocietyforWorldwideInterbankFinancialTelecommunication(SWIFT)providesanetworkthatenablesfinancialinstitutionsworldwidetosendandreceiveinformationaboutfinancialtransactionsinasecure,standardizedandreliableenvironment.SWIFTalsosellssoftwareandservicestofinancialinstitutions,muchofitforuseontheSWIFTNetNetwork.InternationalsettlementWhileinternationalsettlementreferstothefinancialactivitiesconductedamongthepartieswhoarelocatedindifferentcountries/regions,inwhichpaymentsareeffectedorfundsaretransferredfromonecountrytoanotherinordertosettleaccounts,debtsorclaimsemergedinthecourseofpolitical,economic,culturalanddiplomaticandmilitaryexchangesandcommunicationamongthestates.Inaword,internationalsettlementisthefundstransferviabankstosettleaccounts,debtsandclaimsamountdifferententities.CertificateofOriginACertificateofOriginisadocumentcertifyingtheoriginorplaceofmanufactureofgoods.Inimportandexporttrade,theCertificateofOriginisprovidedbytheexporterattherequestoftheimporter,whichismainlytoprovidethecustomsoftheimportingcountrywiththeoriginofthegoods,soastocoordinatetheimplementationofthecorrespondingtradepoliciesandmeasures.PromissoryNoteApromissorynoteisunconditionalpromiseinwritingRecourseTorecoursemeansthattheholderofthenegotiableinstrumenthastherightofrecoursetoallthedebtorsthroughlegalproceduresandacquiretherightonthenegotiableinstrumentwhenthepayerortheacceptorhasrefusedtoacceptorpayforaqualifiedbill,whichcanhelphimgosafeguardhisright.ForfeitingForfeitingisthetermgenerallyusedtodenotethepurchaseofobligationsfallingdueatsomefuturedate,arisingfromdeliveriesofgoodsandservices–mostlyexporttransactions–withoutrecoursetoanypreviousholderoftheobligation.IIIAnswerthefollowingquestions(36%)Whatisthecollection?Howmanypartiesconcernedandwhoarethey?Answer:Inpractice,whenthecollectionisusedforinternationaltradesettlement,itiscalledexportcollection，inwhichtheexporter(thecreditor)drawsthedraft(s)andpresentthemwiththeshippingdocumentstotheremittingbankafterhehaseffectedtheshipment,entrusttheremittingbanktocollectthepaymentthroughitscorrespondentbankintheimportingcountry.——2%AccordingtothestipulationinURC522,therearefourpartiesconcernedwithcollection:principal,remittingbank,collectionbankanddrawee(payer).——4%,oneforeachDescribethecharacteristicsandfunctionsofL/C.Answer:TheL/Cischaracterizedasfollows:First,theissuingBankbearsthefirstresponsibilityofpayment;Second,thecreditisanindependentandautonomicarrangement/document;Third,Credittransactionisthetradedealingwithdocumentsonly.——4.5%，1.5%foreachFunction:akindofpaymentmethodsbasedonthebanker’scredit.——1.5%WhatarethecharacteristicsoftheNegotiableInstruments?Answer:——1%fortwopiecesofthecharacteristicsRight-setting;RequisiteinFormNegotiabilityNon-causativeMonetaryPresentmentReturnabilityRecourseWhatarethepotentialactsrelatedtothedraft(orwhatarethepotentialstepsforthecirculationofthedraft?)Answer:(1)•thetermofPromissoryNote;(2)•anunconditionalpromisetopay;(3)•thenameofthepersontowhomortowhoseorderpaymentistobemade;(4)•astatementofthetimeofpayment;(5)•adeterminablesumofmoney;(6)•statementoftheplacewherepaymentistobemade;(7)•statementofthedateandoftheplacewherethepromissorynoteisissued;(8)•thesignatureofthemaker.——iflessthan6pieces,1%willbededucted.DescribethegeneralprocedureofD/Aaftersightwithafigureorgraph.Besides,someadditionalexplanationforthefigure/graphisnecessary.Answer:(1)TheSellerandtheBuyerbothhavesignedthesalescontract,inwhichbothagreetopaybyD/Patsight;(2)TheSellermakesthegoodsavailable,effectstheshipmentandobtainstheshippingdocuments;(3)ThesellerfillsintheCollectionApplication,drawsthedrafts,submitsthecommercialdocument.Atthesametime,thesellerpaysthecollectingfeesandotherrelatedexpenses(generallyshallbebornebythecollectionsideexceptotherwisespecified;(4)Collectionbankmakesoutthecollectioninstruction(alsoknownascollectionorder)accordingtotheseller’sinstruction,submitsittothecollectingbankwiththedrafts,commercialdocumentsetc.andrequiresthecollectingbanktocollectthepaymentinaccordancewiththecollectioninstruction;(5)Thecollectingbankpresentsthedraftsandtheotherdocumentstotheimporterandasksthebuyertomakepayment;(6)Theimportermakespaymentimmediately(7)Collectingbankwillreleaseallsetofdocuments.Itcanbecalledtoredeemthedocumentsfortheimporter;(8)Collectingbanktransfersthefundstotheremittingbankwhenhehasgotthepayment;(9)Remittingbanktransfersthefundstotheprincipal.——explanation:2%;Figure:4%Describethegeneralprocedureofinternationalfactoringwithafigureorgraph.Besides,someadditionalexplanationforthefigure/graphisnecessary.——explanation:2%;Figure:4%Answer:(1)Theexporterreportsthenameoftheimporterwhowishestotradewiththeexporterandtherelevanttransactiontothenationalfactoringinstitutionandentruststhefactoringagencytoinvestigatethecreditstatusoftheimporter.(2)Afterarrangingtherelevantdocuments,theFactoringinstitutionoftheexportingcountryinformstheimporterfactoringinstitutionandentrustsitsunderstandingoftherelevantsituationoftheimporter.(3)TheFactoringinstitutionoftheimportingpartycarriesoutinvestigationaccordingtotherequirementsoftheexporterfactoringinstitutionandinformstheexporter’sfactoringinstitutionofthedetailedinvestigationresultandthesuggestiononamountofcreditthatcanbeprovidedtotheimporter.(4)Theexporterfactoringinstitutionsverifiestheproposalaboveandensurescredibilityandcorrectness,andtheninformstheexporteroftheresults.(5)Accordingtotheabovesurveyresults,theexportermakesitclearthatfactoringbusinesswillbepaidinthenegotiationandtransactionwiththeimporterandwritesitintothetradecontract.(6)Afterloadingandshippingthegoodsasrequested,theexporterwillpreparethedocumentsaccordingtothestipulationslistedonthecontractandtheagreementssignedwithfactoringagencyandsubmitthemtotheexporterfactoringinstitution,theexporterfactoringinstitutiondeductsinterestandrelevantcosts,andthenthepaymentispaidtotheexporterimmediatelyoronthedateagreedbybothparties.(7)Theexporterfactoringagencysendstherelevantdocumentstotheimporterfactoringinstitutionandentruststheagenttocollectthemoneyfromtheimporter.(8)Theimporterfactoringagencyreceivespaymentfromtheimporterandpaysthemoneytotheexportingfactoringagency.IVCaseStudy(18%)Answer:Mr.AcanneithervisitUSAwith