国际结算（英文版·第二版）许南-chapter12 Financing in Interntaional Settlement.pptxVIP

Financing in International SettlementInternational SettlementChapter 12 12 Financing in International Settlement 目录CONTENTSExport Finance12.1Import Finance12.2Innovation in International Trade Finance 12.3Cross-border Payment12.4 12.1Financing in International Settlement12.1.1 Red Clause Credit12.1.2 Packing Loan12.1.3 Comparison between Packing Loan and Read Clause Credit12.1.4 Outward Bill12.1.5 Discount12.1.6 Forfaiting12.1.7 Factoring 12.1.1 Red Clause Credit12.1.2 Packing Loan12.1.3 Outward Bill12.1.4 Discount12.1.5 Forfaiting12.1.6 FactoringFinancing before shipmentFinancing after shipment12.1 Export Finance 12.1.1 Red Clause CreditRed clause credit provides financing facilities to the exporter, which authorizes the designated bank (usually the advising bank) to prepay money to the beneficiary before shipment.Under red clause credit, the applicant is willing to provide the beneficiary such financing facilities for the following reasons: (1) The market situation is demand exceeding supply, the applicant wants the goods so eagerly that it provides the beneficiary such competitive paying method to make the deal; (2) The beneficiary lacks of money, so the applicant offers him such advantage so as to lower the costs of goods; (3) In the export business of some products which need heavy investment and long period for production such as vessel, airplane, etc., the beneficiary is under great risks, so it may require the applicant to prepay money to reduce his risks. 12.1.2 Packing LoanWhen the exporter is short of money to arrange production, it may apply for a loan by presenting the letter of credit as a collateral. The funds provided by the exporter’s bank will be only used for preparing the goods. This kind of finance is called packing loan.In practice, packing loan is a financial facility which uses the original letter of credit itself as a collateral to apply for a loan, so it is a credit loan, which makes banks providing such financin