chapterRemittanceandcollectionlv

1、Chapter 4Chapter 4Means of Means of IntlIntlSettlementSettlementRemittance Remittance 1 DefinitionRemittance refers to the transfer of funds from one party to another among different countries through banks.2 Means of Remittance Telegraphic Transfer T/T Mail Transfer M/T Demand Draft D/D D/D Credit

2、Card Tracvellers Cheque E-bankingMeans of Means of IntlIntlSettlementSettlement-Collection -Collection n1 Definition of Collection n2. Workflown3. Parties Involvedn4. Documentary Collection n5 .Types of Documentary Collectionn6. Uniform Rules for Collection (URC522)n7. Risk Control in the Documentar

3、y CollectionDISCUSSION TOPICS1 Definition After the exporter has shipped thegoods, he presents the draft anddocuments to his bank with hiscollection instruction. The bank willcollect the proceeds on behalf of him.DefinitionDrawer Drawee Remitting bankCollecting bank1)contract1)Documents,draft and ap

4、plication 2)Documents,draft andCollection instruction3)Presenting draft4)pay/ acceptPresenting for paymentpay5)release documents6)payment7)paymentRed letter stands for D/P at a fixed time after sight2. WorkflowProcedure of Collection3. Parties 1 1、 Principalseller（drawer, payee） 2 2、 Remitting bank3

5、 3、 Collecting bank 4 4、 Payer - buyer (drawee) 5 5、 Agent in case of need Parties 15423Principal（Exporter）Payer（Importer）RemittingbankCollecting bankApplication for collectionCollection AdviceRelationship between the parties4. Documentary CollectionA documentary collection is anoperation in which a

6、 bankcollects payment on behalf of theseller by delivering documentsto the buyer.n5 .Types of Documentary Collectionn6. Uniform Rules for Collection (URC522)n7. Risk Control in the Documentary CollectionTOPICS FOR TODAYWARMING-UPn1.“Documents for collection” means ( ) documents and /or commercial do

7、cuments. A.Insurance B. financial C. transport D. credit Bn2.“Financial documents” means ( ), or other similar instruments.nA. invoices B. B/L nC. checks D. packing list Cn3. “Clean collection” means collection of financial documents not accompanied by ( )nA. commercial documents B. drafts nC. bill

8、of lading only D. L/C An4. “Documentary collection” means collection of ( ).nA. financial documents accompanied by commercial documentsnB. commercial documents not accompanied by financial documentsnC. financial documents not accompanied by commercial documents nD. A or/and BAn5. The principal in co

9、llection refers to ( ).nA. the collecting bank making presentation to the draweenB. the party to whom the presentation is to be madenC. the party entrusting the handling of a collection to a bank nD. the party to whom the payment is to be madeCn6. In case of documents payable at sight, a better indi

10、cation is that the presenting bank must ( ).nA. make immediate paymentnB. make presentation for payment without delaynC. make prompt presentation for acceptance nD. make presentation for acceptanceBn7. Banks in documentary collection will be responsible for ( ).nA. making further careful examination

11、 of the contents of the documents receivednB. any delays resulting from the need to obtain clarification of any instructionsnC. advising the party form whom the collection instruction was received of any documents missing. nD. none of aboveA5 . Types of Documentary Collectionn Documents against paym

12、ent D/PnDocuments against acceptance D/A The collecting bank is allowed to release the documents to the drawee only against full and immediate payment Documents against payment（D/P）Drawer Drawee Remitting bankCollecting bank1)contract1)Documents,draft and application 2)Documents,draft andCollection

13、instruction3)Presenting draft4)pay/ acceptPresenting for paymentpay5)release documents6)payment7)paymentRed letter stands for D/P at a fixed time after sight Documentary Collection Workflow of Documents against paymentThe collecting bank is allowed to release thedocuments to the drawee only against

14、theacceptance of a draft. Documents against acceptanceDrawer Drawee Remitting bankCollecting bank1)Documents,draft and applicationcontract2)Documents,draft andCollection instruction3)Presenting draft4)Accept5)docu-ments6)present-ing for payment7)payment8)payment9)payment Workflow of Documents agains

15、t acceptance6. Uniform Rules for CollectionThe Uniform Rules for Collections(URC)form an internationally accepted code ofpractice covering documentary collection. Uniform Rules for Collection1、Documentary Processing 2、International Practice in Conducting the Business3、Liability for Negligence Legal

16、Position of Banks Duties of Remitting bank Uniform Rules for Collection1、Implementation of collection instructions；2、Documents handling;3、Protection of Goods;5、Documents Release6、Completeness and Correctness of Bill Acceptance7、Action Taken in Dishonor Liabilities of Collecting bank銀行的責(zé)任銀行的責(zé)任1. 銀行銀行

17、 必須按照委托人的指示辦理。必須按照委托人的指示辦理。2. 銀行根據(jù)指令檢查收到的單據(jù)，看是否有丟失的銀行根據(jù)指令檢查收到的單據(jù)，看是否有丟失的 單據(jù)。單據(jù)。發(fā)現(xiàn)丟失單據(jù)時(shí)，必須通知委托人。發(fā)現(xiàn)丟失單據(jù)時(shí)，必須通知委托人。3. 銀行不負(fù)責(zé)檢查單據(jù)內(nèi)容，例如單據(jù)之間不相符銀行不負(fù)責(zé)檢查單據(jù)內(nèi)容，例如單據(jù)之間不相符 的內(nèi)容的內(nèi)容。即期匯票即期匯票: 提示要求付款提示要求付款遠(yuǎn)期匯票遠(yuǎn)期匯票: 提示要求承兌，然后提示要求承兌，然后 提示要求付款提示要求付款。托收項(xiàng)下出口商面臨的風(fēng)險(xiǎn)托收項(xiàng)下出口商面臨的風(fēng)險(xiǎn)出口商出口商申請(qǐng)和申請(qǐng)和單據(jù)單據(jù)托收行托收行托收指令和單據(jù)托收指令和單據(jù)代收行代收行提提示示進(jìn)口

18、商進(jìn)口商1拒絕或要拒絕或要求降價(jià)求降價(jià)1.因一些小錯(cuò)拒絕付款或承兌遠(yuǎn)期匯票。因一些小錯(cuò)拒絕付款或承兌遠(yuǎn)期匯票。2. 要求大幅度降價(jià)，否則拒絕接受貨物。要求大幅度降價(jià)，否則拒絕接受貨物。3. 大筆費(fèi)用，例如倉(cāng)儲(chǔ)、火險(xiǎn)、滯期費(fèi)大筆費(fèi)用，例如倉(cāng)儲(chǔ)、火險(xiǎn)、滯期費(fèi) 和訴訟涉及的大量和訴訟涉及的大量 開支及時(shí)間耽擱開支及時(shí)間耽擱 。2如果將退回的貨物運(yùn)如果將退回的貨物運(yùn)送回來(lái)送回來(lái) 涉及額外成本涉及額外成本出口商出口商申請(qǐng)和申請(qǐng)和單據(jù)單據(jù)托收行托收行托收委托書和單據(jù)托收委托書和單據(jù)代收行代收行提示要提示要求承兌求承兌進(jìn)口商進(jìn)口商承兌遠(yuǎn)承兌遠(yuǎn)期匯票期匯票遠(yuǎn)期付款下出口商的風(fēng)險(xiǎn)遠(yuǎn)期付款下出口商的風(fēng)險(xiǎn)單單據(jù)據(jù)3用單據(jù)提貨用單據(jù)提貨承運(yùn)人承運(yùn)人4交貨交貨1,2在匯票到期時(shí)，進(jìn)在匯票到期時(shí)，進(jìn)口商拒絕付款。口商拒絕付款。1提示承兌提示承兌了的匯票了的匯票2拒絕拒絕付款付款3,4借口質(zhì)量缺陷要求降價(jià)，或沒借口質(zhì)量缺陷要求降價(jià)，或沒有得到有關(guān)當(dāng)局批準(zhǔn)的外匯。有得到有關(guān)當(dāng)局批準(zhǔn)的外匯。7. Risk Control in the Documen