chapter two Instruments.ppt

Chapter Two Instruments of International Settlement In this chapter, you will learn An Overview of Negotiable Instruments Bill of Exchange/Draft Promissory Note Check Part One An Overview of Negotiable Instruments Definition Parties Legal Systems Negotiable Instruments:Definition In a broad sense, it refers to all kinds of commercial documents of title, including Invoice, B/L, paper money, stocks etc. Kinds of negotiable instrumentin broad sense Bill of exchange 汇票 Check/ cheque 支票 Promissory Note本票 Dividend warrant 股利单 Bearer bond 不记名债券 流通债券 Bearer scrip 持有人凭证 Debenture payable to bearer 不记名信用债券 Share warrant payable to bearer 不记名股份证书 Treasury bill 国库券 Certificate of deposit 存单 Negotiable Instruments:Definition In a narrow sense, it refers to those unconditional ,negotiable securities in writing , addressed by one person to another signed by the drawer, directing the drawee to pay a specified sum of money to the payee or holder. Negotiable Instruments:Parties drawer 出票人 drawee 受票人 付款人 payee 收款人 acceptor 承兑人 endorser 背书人 endorsee 被背书人 holder 持票人 Negotiable Instruments:Features Negotiable Unconditional Legal Presentable Returnable Recourse Legal Systems of Instrument British and USA legal system 英美法系 Continental legal system 大陆法系 Negotiable Instrument: Legal Systems Negotiable Instrument: Legal Systems Negotiable Instrument: Legal Systems Part Two Bill of Exchange/Draft Definition of Bill of Exchange Classification of a Bill of exchange Acts of a Bill of Exchange Exhibits of Bill of Exchange Issue a Bill of Exchange Essentials of a Bill of Exchange The reference clauses of drawing a draft under L/Cs Definition of bill of exchange Definition of bill of exchange Definition of bill of exchange Definition of bill of exchange Definition of bill of exchange Definition of bill of exchange Have you remembered the definition? Classification of a bill of exchange Classification of a bill of exchange Classification of a bill of exchange Classificatio