国际结算模拟试题

1、学院： 专业班级： 姓名： 学号： 装 订 线 内 不 要 答 题 浙江林学院 2006 - 2007 学年第 二 学期考试卷（A卷）课程名称： 国际结算（双语）课程类别： 必修 考试方式： 闭卷 注意事项：1、本试卷满分100分。2、考试时间 120分钟。Article no.ResultScores TeacherScores Decide whether the following statements are true or false. (Please mark “T” if the answer is true, or you shall mark “F” if the answe

2、r is false. Each one 2 score, total 30 scores.)1. From an American banks view, a Nostro account is a dollar account held for its overseas correspondents. ( )1. From a Chinese banks view, a Vostro Account or Due to Account is a Chinese currency account held for its overseas correspondents. ( )2. In a

3、 promissory note, the drawer and the payer are the same person. ( )2. There is no acceptor in a promissory note. ( )3. A bill of exchange drawn by and accepted by commercial firms be known as trade bills. ( )3. An endorser of a bill is liable on it to subsequent endorsers and holders of the bill. (

4、)4. A crossed check can be cashed over the counter. ( ) 4. If a check is presented undated, the payee can insert a date. ( ) 5. If a bill is payable “at 30 days after date “, the date of payment is decided according to the date of acceptance. ( ) 5. A bill payable “ at 90 days sight” is a sight bill

5、.( )6. Remittance happens when a client (payer) asks his bank to send a sum of money to a payee abroad by one of the transfer methods at his option. ( )6. Under D/D, upon receipt of the draft, the beneficiary can ship the goods before he present it for payment at the counter of the drawee bank.7. If

6、 the collecting bank is not located near the importer, it would send the documents to a presenting bank in the importers city mostly.7. Under D/A, after acceptance, the buyer gains possession of the goods before payment and is able to dispose of the goods as he wishes .8. Under documentary credit, t

7、he nominated bank has no obligation to examine documents. ( )8. Usually the advising bank is the bank resides in the same city as the buyer. ( ) 9. Under UCP600, Unless otherwise stipulated in the credit, a transferable credit can be transferred only once and the issuing bank can transfer a credit b

8、y itself. ( )9. A transferable credit can be transferred only to one party and all the terms and conditions cannot be changed while it is transferred. ( ) 10. An irrevocable confirmed credit gives the beneficiary a double assurance of payment. ( )10. In a reciprocal credits, the advising bank itself

9、 gives a packing loan to the beneficiary. ( ) 11. If a credit is issued by airmail , it ought to be authenticated by test key .( )11. The issuing banks signature is only to be placed on the advice for the beneficiary .( )12. Banks will not accept a document bearing a date lf issuance prior to that o

10、f the credit .( )12 . If the credit is a deferred payment credit, there is no need to draw a draft. ( )13. Commercial invoice need not be signed.( )13. A clean bill of lading is one that is not stained.( )14. When an issuing bank determines that a presentation is complying, it must honour. A credit

11、must not be issued available by a draft drawn on the applicant.14. Negotiate, without recourse, if the credit is available by negotiation with the confirming bank.15. A bank utilizing the services of an advising bank or second advising bank to advise a credit must use the same bank advise any amendm

12、ent thereto.15. A bank assumes no liability or responsibility for the consequences arising out of the interruption of its business by Acts of God, riots, civil commotions, insurrections, wars, acts of terrorism, or by any strikes or lockouts or any other causes beyond its control. A bank will not, u

13、pon resumption of its business, honor or negotiate under a credit that expired during such interruption of its business.Scores Choose the correct or best answer to each of the following statements. (Each only has a correct answer or best answer, mark your option on the line. 2 scores per sub-article

14、, total 28 scores)1. Usually, foreign trade can be conducted on the following terms except for _. A. open account B. documentary collection C. documentary credit D. public bonds 1. International cash settlement has the following disadvantages except _ . A. expensive B. safe C. risky D. time-consumin

15、g2. The person who pay money is a _ of a check.A. payee B. endorser C. drawer D. endorsee 2. A check is valid for _months from the date of issue, unless a shorter period is written on the face of it.A .six B. nine C. three D. one 3. If a bill is payable “60 days after date”, the date of payment is d

16、ecided according to_. A. the date of acceptance B. the date of presentation C. the date of the bill D. the date of maturity 3. A_carries comparatively little risks and can be discounted at the finest rate of interest. A. sight bill B. bank draft C. commercial bill D. trade bill4. An acceptance with

17、the wording “payable on delivery of bill of lading ” is _. A. a general acceptance B. qualified acceptance C. non acceptance D. partial acceptance4. _must be accepted by the drawee before payment. A. A sight bill B. A check payable ×× days after sight C.A promissory note D.A bill payable &

18、#215;× days after date5.The same methods of transfer may be used both in advance payment and open account business except_A. remitting the payment by a bankers draft B. by mail transferC. by telegraphic transfer D. reimbursement5. If the paying bank opens a current account with the remitting ba

19、nk, the reimbursement may be effected by _.A. Instructing the paying bank to claim reimbursement from another branch of the same bank or another bank with which the remitting bank opens an account.B. Debiting remitting banks nostro accountC. Instructing a reimbursing bank to pay the paying bank by d

20、ebiting the remitting banks nostro account.D. Crediting vostro account of the paying bank. 6. _ offers the greatest security to the exporter? A. Documents against acceptance B. Documents against payment C. Clean collection D. Acceptance D/P6. _ is not a risk that the exporter assumes on documentary

21、collection basis? A. Non-acceptance of merchandise B. Harm to the reputation due to dishonor C. Exchange restrictions D. Non-payment of trade acceptance7. With an unconfirmed irrevocable letter of credit, . A. the terms and conditions can be amended or cancelled unilaterally by any party B. only the

22、 exporter can amend the credit C. the advising bank transmits details without commitment to the beneficiary D. the issuing bank has the ability to cancel the credit at any time7. A confirmed irrevocable letter of credit . A. carries the confirmation of the issuing bankB. always involves at least two

23、 banks C. is issued by the advising bankD. creates the highest level of security against sovereign risk8. A standby letter of credit . A. is never revoked B. is not a letter of credit C. is revoked in the event of non-compliance by buyer or seller with the terms of an original credit D. is revoked i

24、n the event of non-compliance by buyer or seller with the terms of the sales contract. 8. _is not included in the category of payment guarantee A Deferred payment bond B Guarantee for compensation trade C Loan guarantee D Bid bond9. The sum of the transferred credit will not be . A. the same as in t

25、he credit before transfer B. less than in the credit before transfer C. more than in the credit before transfer D. equal to the original credit9. Which of the following details on the transferred credit may not be different to that of the credit before transfer? . A. The shipping date B. The expiry

26、date of the credit C. The description of the goods D. The name of the applicant10 If a bill of lading is dated on March 15 ,2007 ,the insurance should be covered _ A. on March 15 ,2007 B. before March 15 ,2007 C after March 15, 2007 D on or before March 15 ,200110 Commercial invoice must be made out

27、 in the name of _ A the applicant B the beneficiary C the issuing bank D the advising bank11. A bank will not accept_.A. an insurance policy B. an insurance certificateC. an open cover D. a cover note11. If a credit calls for an insurance policy, banks will accept_.A. an insurance policy B. an insur

28、ance certificateC. both A and B D. open policy12. The seller can get assistance from the factor by latters providing an assessment of the creditworthiness of the overseas buyers as well as by latters offering credit control and _ A sales accounting B development of new markets C international sales

29、D bad debt protection 12. Forfaiting makes the seller to evade various risks, except_A. interest-rate risk & currency risk, B. credit risk C. political risk; D. risks due to stop payment order received by the forfaitor in accordance with international convention 13. _ is not the obligation of th

30、e trustee? A. To arrange for the goods to be warehoused and insured in the trustees name. B. To pay all the proceeds of sale to the bank or to hold them on behalf of the bank. C. Not to put the goods in pledge to other persons. D. To settle claims of the bank prior to liquidation in case of the trus

31、tees bankruptcy. 13. Measures for a bank before issuing a credit except for_A. Credit lineB. Importers creditworthinessC. Liquidity of the goods D. Complying presentation14. When the issuing bank decides to refuse to honor or negotiate, it must give a single notice to that effect to the presenter.Th

32、e notice must state except_A. that the bank is refusing to honor or negotiate; B. each discrepancies in respect of which the bank refuses to honor or negotiate; C. that the bank is holding the documents pending further instructions from the presenter; or that the issuing bank is holding the document

33、s until it receives a waiver from the applicant and agrees to accept it, or receiving further instructions from the presenter prior to agreeing to accept a waiver, or that the bank is returning the documents; or that the bank is acting in accordance with instructions previously received from the pre

34、senter.D. The notice required to be given by telecommunication only. 14. Events regarding to handle trade financing difficulty under credit _ A. Negotiate restrictivelyB. Actions of the issuing bank and his/her customary operationC. Time credit exceeding at 180 daysD. All above Scores Please answer

35、the following questions.（Total 22 scores） 1. Please translate the following terms of credit and give your suggestions on them. ( 4 scores with each sub-article 2 scores)(1) This credit will become operative provided that the necessary authorization be obtained from exchange authority， we shall infor

36、m you as soon as the authorization obtained.(2) copy of telex from applicant to suppliers approving the counter samples(1) This credit is only a preliminary advice and will become effective upon receipt of our authenticated cable to the advising bank confirming that applicants have received and appr

37、oved the advanced sample.(2) It is an conditions of letter of credit that it only become available provided that all bank charges of this credit are for the beneficiarys account. 2. Please have an analysis on the difference between forfaiting and factoring. ( 6 scores) 2. Please have an analysis on

38、the difference between a documentary credit and a standby credit. ( 6 scores) 3. How to measure & evade risks under international settlement? ( 6 scores) 3. Please list kinds of export finance and their application. ( 6 scores) 4. how can the Importer & the Exporter to apply financing under

39、credit business? ( 6 scores) 4. How to evade risks under documentary collection? ( 6 scores) Scores Practice combination: As per specimen of a credit, please reply and operate as per requirements following. (Total 20 scores) To judge kinds of the credit at least 3 kinds. (3 scores) Which kinds of do

40、cuments should be presented to the nominated bank and its copies. (8 Scores) Issuance a bill of exchange. Remarks: the actual shipment date was 040610. (5 Scores) How to show“ Blank endorsement” on the bill of exchange.(2 scores)At the beneficiarys end, should the terms and conditions of this credit

41、 be emended? Please give me a reasonable comments on it. ( 2 scores)FORM OF DOC.CREDIT: IRREVOCABLECREDIT NUMBER: 50000585DATE OF ISSUE: 040506EXPIRY DATE AND PLACE: DATE 040630 PLACE CHINAAPPLICANT BANK: REPUBLIC NATIONAL BANK OF NEW YORK NEW YORK USAAPPLICANT: NANCY FABRICS INC, 5 STREET NO.43 AVE

42、NUE 5, NEW YORK USABENEFICIARY: HANGZHOU TENGLONG WEAVING CO., LTD. #198 JIANSHE NO.1 ROAD, XIAOSHAN ECONOMIC &TECHNOLOGICAL DEVELOPMENT ZONE, HANGZHOU CHINA 311215AMOUNT: CURRENCY USD AMOUNT 132,000,00(SAY U.S.DOLLARS ONE HUNDRED AND THIRTY TWO THOUSAND ONLY.)VAILABLE WITH/BY: ISSUING BANK BY A

43、CCEPTANCE AT 60 DAYS AFTER SIGHTDRAWEE TO : OURSELVESPARTIAL SHIPMENTS: PARTIAL SHIPMENTS PROHIBITEDTRANSSHIPMENT: TRANSSHIPMENT ALLOWED.LOADING IN CHARGE: SHANGHAI, CHINAFOR TRANSPORT TO: NEW YORKLATEST DATE OF SHIP: 040615DESCRIPT.OF GOODS: UPHOLSTERY FABRICS AS PER APPLICANTS ORDER SHEET NO.NKY20

44、1 (CIF) SUBJECT TO INCOTERMS 2000DOCUMENTS REQUIRED: +SIGNED COMMERCIAL INVOICE 2 ORIGINALS AND 3 COPIES +DETAILED PACKING LIST 2 ORIGINALS + 2 COPIES +CERTIFICATE OF ORIGIN 1 ORIGIN AND 2 COPIES +FULL SET NEGOTIABLE CLEAN ON BOARD OCEAN BILLS OF LADING CONSIGNED TO ORDER OF REPUBLIC NATIONAL BANK O

45、F NEW YORK, NEW YORK USA MARKED NOTIFY APPLICANT AND MARKED FREIGHT PREPAID + ORIGINAL TEXTILE EXPORT LICENSE +INSURANCE POLICY IN DUPLICATE COVERING AT LEAST 110% OF COMMERCIAL VALUE WITH CLAIM PAYABLE IN NEW YORK IN USD AGAINST ICC(A) AND WAR RISKS AND SRCC RISKS. +ORIGINAL EXPORT LINCENCE +ORIGIN

46、AL INSPECTION CERTIFICATION QUALITY AND QUANTITIES ISSUED BY APPLICANTS AUTHORIZED AGENT AND HIS SIGNATURE HAS BEEN REMAINED IN THE ISSUING BANK. ADDITIONAL REQUIREMENTS: +DRAFTS ARE TO BE MARKED”DRAWN UNDER REPUBLIC NATIONAL BANK OF NEW YORK NEW YORK USA AND BEARING CREDIT NUMBER AND THE ISSUING DA

47、TE. +A DISCRIPANCY FEE OF USD 50.00 WILL BE DEDUCTED FROM THE PROCEEDS OF ANY DRAWING PRESENTED WITH DISCRIPANCIES + IT IS A CONDITION OF THIS CREDIT THAT ALL DOCUMENTS ARE TO FORWARDED IN ONE COMPELETE MAILING TO REPUBLIC NATIONAL BANK OF NEW YORK NEW YORK USA, INTERNATIONAL DEPARTMENT.DETAILS OF E

48、XHARGES: IT IS AN CONDITIONS OF LETTER OF CREDIT THAT IT ONLY BECOME AVAILABLE PROVIDED THAT ALL BANK CHARGES OUTSIDE USA ARE FOR THE BENEFICIARYS ACCOUNT。 PRESENTATION PERIOD: DOCUMENTS MUST BE PRESENTED WITHIN 21 DAYS FROM SHIPMENT, BUT WITHIN CREDIT VALIDITY.CONFIRMATION: WITHOUTADVISE THROUGH: B

49、KCHCNBJ910 BANK OF CHINA, ZHEJIANG BRANCH2001MAR22 09:18:11LOGICAL TERMINALE102MT S700 ISSUE OF A DOCUMENTARY CREDITPAGE00001FUNCMSG700UMR06881051MSGACK DWS765I AUTH OK, KEY B198081689580FC5, BKCHCNBJ RJHISARI RECOROBASIC HEADER F 01 BKCHCNBJA940 0588 550628 APPLICATION HEADER 0 700 1

50、057 010320 RJHISARIAXXX 7277 977367 020213 1557 N*ALRAJHI BANKING AND INVESTMENT*CORPORATION*RIYADH*(HEAD OFFICE)USER HEADER SERVICE CODE 103: (银行盖信用证通知专用章)BANK. PRIORITY 113:MSG USER REF. 108:INFO. FROM CI 115:SEQUENCE OF TOTAL*271 / 1FORM OF DOC. CREDIT*40 AIRREVOCABLEDOC. CREDIT NUMBER*20001

51、1LC123756DATE OF ISSUE31 C010320DATE/PLACE EXP.*31 DDATE 010505 PLACE CHINAAPPLICANT*50NEO GENERAL TRADING CO.P.O. BOX 99552, RIYADH 22766, KSATEL: 00966-1-4659220 FAX: 00966-1-4659213BENEFICIARY*59DESUN TRADING CO., LTD.HUARONG MANSION RM2901 NO.85 GUANJIAQIAO, NANJING 210005, CHINATEL: 0086-25-471

52、5004 FAX: 0086-25-4711363AMOUNT*32 BCURRENCY USD AMOUNT 13260,AVAILABLE WITH/BY*41 DANY BANK IN CHINA,BY NEGOTIATIONDRAFTS AT .42 CSIGHTDRAWEE42 A  ALRAJHI BANKING AND INVESTMENT CORPORATION RIYADH *(HEAD OFFICE)PARTIAL SHIPMTS43 PNOT ALLOWEDTRANSSHIPMENT43 TNOT ALLOWEDLOADING ON BRD44 A&#

53、160;  CHINA MAIN FORT, CHINA 44 B   DAMMAM PORT, SAUDI ARABIALATEST SHIPMENT44 C010430GOODS DESCRIPT.45 A   1700 CARTONS CANNED MUSRHOOM PIECES & STEMS 24 TINS X 425 GRAMS NET WEIGHT (D.W. 227 GRAMS) AT USD7.80 PER CARTON. ROSE BRAND.DOCS REQUIRED46 A    + SIGNED COMMERCIAL INVOICE IN TRIPLICATE   + FULL SET CLEAN ON BOARD BILL OF LADING MADE OUT TO THE ORDER OF AL RAJHI BANKING AND INVESTMENT CORP, MARKED FREIGHT PREPAID AND NOTIFY APPLICANT, INDICATING THE FU