国际结算（英文版·第二版）许南-chapter2 Negotiable Instrument.pptxVIP

Negotiable InstrumentInternational SettlementChapter 2 2 Negotiable Instrument 目录CONTENTSGeneral Introduction of Negotiable Instruments2.1Bill of Exchange2.2Promissory Notes 2.3Cheque2.4 2.1General Introduction of Negotiable Instruments2.1.1 Definition of Negotiable Instrument2.1.2 Opening Case2.1.3 Characteristics of Negotiable Instrument2.1.4 Legal System of Negotiable Instrument 2.1.1 Definition of Negotiable InstrumentAccording to the US Uniform Commercial Code of 1962, negotiable instrument is an unconditional writing that promises or orders the payment of a fixed amount of money.Negotiable instrument refers to any commercial document of title. It is an evidence of someone’s ownership of money or goods that is actually under his control, such as invoice, bill of lading, insurance certificate, warrant, certificate of deposit, bill of exchange, promissory note, check, etc. Negotiable instrument refers to the securities with the purpose of paying. The drawer signs on the negotiable instrument, unconditionally orders another party or himself to pay a certain amount of money at a determinable future date. In a broad senseIn a narrow sense 2.1.2 Opening Case●A brief case of the three negotiable instruments：A in New York imports a batch of chairs from B in Paris, with the total value: 10,000 dollars, order number: 95E03LC001, shipment date: July 10th, 2020, and it is stipulated in the contract that payment should be effected within 30 days after shipment; C in Paris buys desks from D in New York with the total value of 10,000 dollars. Meanwhile C offers furniture to B which costs 10,000 dollars. How to issue three different instruments to clear the credit and claim relation among the four parties?●The cash flow is：B ParisA N.Y. C Pariscash flow We can see clearly from the left chart that the cash flow goes from A to B to C and finally to D. In other words, A is the party that would effect payment finally, and on the contrast, D is the party that wou