Paymet付款方式.ppt

Content Payment Instruments Payment Methods Payment Terms I. Promissory Note Definition Required Contents Types II. Check (Cheque) Definition Required contents Types III. Bill of Exchange (Draft/Bill) Definition Required contents Types Types Types Types Types Use of Drafts Discount Types of Remittance 信汇 Mail Transfer (M/T) 费用低廉 速度较慢 电汇 Telegraphic Transfer (T/T) 收款迅速 费用较高 票汇 Demand Draft (D/D) 付款灵活便捷 Collection A bank receives an exporter’s collection order and documents, presents the documents to the importer and collects funds for the seller Types of Documentary Collection Documents Against Payment (D/P) D/P at sight D/P at XX days after sight Documents Against Acceptance (D/A) Sample Clause of D/P D/P Sight “Upon first presentation the Buyers shall pay against documentary draft drawn by the Sellers at sight. The shipping documents are to be delivered against payment only.” D/P after Sight “The Buyers shall duly accept the documentary draft drawn by the Sellers at ××days sight upon first presentation and make payment on its maturity. The shipping documents are to be delivered against payment only.” D/P (Documents against Payment) D/A (Documents against Acceptance) Case Study Case Study Trust Receipt (T/R) 凭信托收据借单 Case Study Collection Bill Purchased 托收出口押汇 Definition of Letter of Credit Characteristics of L/C Primary Liabilities for Payment Self-Sufficient Instrument Pure Documentary Transaction Triangular Contractual Arrangement Major Parties Involved Applicant – Importer Beneficiary – Exporter Issuing Bank – Importer’s Bank Deposit for establishment of L/C Advising Bank – Branch or Correspondent Bank 表面真实性 Other Parties Involved Negotiating Bank Paying Bank Confirming Bank Reimbursing Bank Differences between Paying Bank and Reimbursing Bank Paying Bank is the Drawee Bank designated by L/C. Usually it is the Issuing Bank itself. It should check the documents against L/C. Reimbursing Bank is the Clearing Bank of L/C, and has n