国际结算英文课件：Chapter 2 Remittance

1、In this chapter, you will learn: Methods, parties and procedures of remittance; Advantages and disadvantages of remittance; Practice of remittanceChapter 2 RemittanceI. Two main kinds of methods of settlement 1.Remittance 2.Reverse RemittanceII. The basic concepts of remittance1. The definition of r

2、emittanceAt the request of a remitter, the remitting bank instructs a paying bank through a specified methods to pay a certain sum in money to a designated payee.2.Parties to remittanceSection 1 Outline of Remittance 1. Telegraphic Transfer (T/T) T/T procedure III. Types of remittanceRemitterRemitti

3、ng BankpayeePaying BankT/T ApplicationCharges and sumT/T ReceiptTested Cable, SWIFTT/T AdvicePayee ReceiptPaymentDebit AdviceTO：(汇入行名称)DATE：(发电日期)TEST(密押) 0UR REF NO.(汇款编号)NO ANY CHARGES FOR US(我行不负担费用) PAY (AMT) VALUE(DATE)TO(付款金额、起息日)BENEFICIARY (收款人) MESSAGE-(汇款附言) ORDER(汇款人)COVER(头寸拨付)3. Main me

4、ssages in a T/T by SWIFTContent in a Cable or Telex 2. Mail Transfer (M/T)3. Bankers Demand Draft (D/D)D/D procedure:Paying BankRemitterpayeeRemitting BankD/D ApplicationCharges and sumDemand DraftDemand DraftD/D AdvicePresentationPaymentDebit AdviceIII. Types of remittance(continued)IV. The compara

5、tive schedule among three kinds of remittanceT/TM/TD/DIt is a form of despatching cable or telex or SWIFTAuthentication is made by test keyThe cost is higherIt is the fastest and most prevalent method It is in a form of mail adviceIt is in a form of demand draftAuthentication is made by signatureAut

6、hentication is made by signatureThe cost is lowerThe cost is lowerOwing to the slower speed, banks reduce the use of M/TIt is a useful method because of its endorsementI. The characteristics of remittance Remittance is a traders creditII. The adoption in international trade 1.Payment in advance It i

7、s advantageous to exporter.So it is used in the sellers market or paying the down payment（预付定金） of the goods.Section 2 The adoption of main remittances in international trade2.Payment after arrival of goods / Open Account (O/A) It is advantageous to importer. So it is used in the buyers market. Goods sold（