国际结算双语Chapter4方案.ppt

* Chapter Four International Bank Remittance Remittance is applied only when both parties have deep knowledge of and trust on each other, because: remittance before delivery of goods would expose importer to the risk of non-delivery or delivery off schedule; remittance after delivery of goods would expose exporter to the risk of non-payments or not remit on scheduled time. It is real that importers would pay in advance of delivery of goods to show their sincerity and that exporters would offer favourable terms, e.g. deferred payment, in an attempt to open up markets. In conclusion, it is commercial credit that both parties rely on instead of bank credit. Banks handle it only on the instructions of remitters. M/T and D/D are slow while T/T is fast. Which one should be adopted? When should remittance be made? When should goods be dispatched? They are the contents of the games between importers and exporters Method of Payment Advance payment Seller Buyer 1Payment 2Ship goods Open account Seller 1Ship goods Buyer 2Payment Buyer must remit money at agreed time ★ Buyer remit through bank by following means: -Telegraphic Transfer (T/T,SWIFT,etc.), fast and expensive - Mail Transfer (M/T), slow and cheap -Demand Draft (D/D), slow and easy to be negotiated Parties in the international bank remittance Remitter = payer =buyer =importer Remitting bank = remitter’s bank in buying country Beneficiary = seller = exporter = payee Paying bank = beneficiary’s bank in exporting country Flow chart of Mail Transfer (M/T) Buyer 1Apply and buy foreign exchanges pay commission Remitting Bank 2M/T Rept. 3PO + BT instruction by air mail Paying Bank 4M/T adv. Seller 5Rept. 6Pay 7Debit or credit Advice PO= Payment Order with payee’s name and address, etc. BT= Bank Transfer, how to tranfer money from remitting bank to payment bank. With authorized signature 中国银行广州分行 BANK OF CHINA， GUANGZHOU BRANCH 下列付款，请即照解，如有费用请内扣 我已贷记你行帐户。 日期 GUANGZHOU Please