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银行的责任银行的责任1. 银行银行

17、 必须按照委托人的指示办理。必须按照委托人的指示办理。2. 银行根据指令检查收到的单据，看是否有丢失的银行根据指令检查收到的单据，看是否有丢失的 单据。单据。发现丢失单据时，必须通知委托人。发现丢失单据时，必须通知委托人。3. 银行不负责检查单据内容，例如单据之间不相符银行不负责检查单据内容，例如单据之间不相符 的内容的内容。即期汇票即期汇票: 提示要求付款提示要求付款远期汇票远期汇票: 提示要求承兑，然后提示要求承兑，然后 提示要求付款提示要求付款。托收项下出口商面临的风险托收项下出口商面临的风险出口商出口商申请和申请和单据单据托收行托收行托收指令和单据托收指令和单据代收行代收行提提示示进口

18、商进口商1拒绝或要拒绝或要求降价求降价1.因一些小错拒绝付款或承兑远期汇票。因一些小错拒绝付款或承兑远期汇票。2. 要求大幅度降价，否则拒绝接受货物。要求大幅度降价，否则拒绝接受货物。3. 大笔费用，例如仓储、火险、滞期费大笔费用，例如仓储、火险、滞期费 和诉讼涉及的大量和诉讼涉及的大量 开支及时间耽搁开支及时间耽搁 。2如果将退回的货物运如果将退回的货物运送回来送回来 涉及额外成本涉及额外成本出口商出口商申请和申请和单据单据托收行托收行托收委托书和单据托收委托书和单据代收行代收行提示要提示要求承兑求承兑进口商进口商承兑远承兑远期汇票期汇票远期付款下出口商的风险远期付款下出口商的风险单单据据3用单据提货用单据提货承运人承运人4交货交货1,2在汇票到期时，进在汇票到期时，进口商拒绝付款。口商拒绝付款。1提示承兑提示承兑了的汇票了的汇票2拒绝拒绝付款付款3,4借口质量缺陷要求降价，或没借口质量缺陷要求降价，或没有得到有关当局批准的外汇。有得到有关当局批准的外汇。7. Risk Control in the Documen