international-payment---system

1、What is payment system ?,1.Cash payment systems,Importer,Exporter,Not easy to carry, slow payment, unsafe.,2. Non-cash payment through banks,Bank A,Bank B,The exchange of message and changes of account balances.,Balance of Bank Bs a/c,Balance of Bank As a/c,Electronic payment system,or,MT=Message te

2、st standard =Standardized format,S.W.I.F.T.= Society for Worldwide inter-bank Financial Telecommunication,Advantages: Faster, more reliable communication Reduced transaction errors Lower transmission costs Greater efficiency,Better statistics Increased security,The S.W.F.T. Net,SWIFT Operating Cente

3、r in Brussels,SWIFT Operating Centre in Amsterdam,SWIFT Operating Center in Virginia,10 types of formalized message,MT 100 Customer Transfer, Cheque MT 200 Financial Institution Transfer for Its Own Account MT 300 Foreign Exchange Deals, Deposits and Loans MT 400 Collection, Cash Letters MT 500 Secu

4、rities MT 600 Precious Metals and Syndications MT 700 Documentary Credits and Guarantees MT 800 Travellers Cheques MT 900 Statement, etc. MT 1000 SWIFT Telegraphs etc.,（1）每一类电讯根据业 务情况分为若干种格式 ，每一种格式又由若干 个项目组成。每个项目 可根据业务要求进行多 种选择。 （2）电讯传递安全可靠 。每一份电讯都得到 SWIFT的发妥或未发妥证 实，在未发妥证实中说 明未发妥的原因。,（3）自动核押加密。SWIFT

5、密押(authentication key)由电脑自动完成编押、核 押工作。密押的组成根据电文中的货币名称、金额、日期以及每一个字符作 为编押依据，在每份电讯最后写上自动核押（SAC=SYSTEM AUTHENTICATION CORRECT）字样。 （4）SWIFT速度快，费用底，是普通电传的48192倍，每份电讯的费用是普通 电报的2 / 3左右，是电传的1 / 7。,Example of MT701 (Documentary Credit ): D1022TLRM301 R1022BJT0 174 ZCZC BJT174 CPUA347 S9710221753210RN105122463

6、 P3 TJBOC .ICUA :TO:1751 22 BKCHCNBJA20010512（发电银行参考号）BANK OF CHNINA TIANJIN :FM:1718 22CHGKJPJZAXXX28202 CHUGOKU BANK, LTD., THE OKAYAMA : MT: 700 02 : 27: SEQUENCE OF TOTAL: 1 / 2 : 40A: FORM OF DOC. CREDIT: IRREVOCABLE : 20: DOC.CREDIT NUMBER: 17-10-537 : 31C: DATE OF ISSUE: 971216 : 31d: EXPIRY:

7、 DATE: 971216 PLACE: IN CHINA : 50: APPLICANT: MARUBENI CORPORATION 5-7 HONMACHI 2-CHOME CHUO-KO OSAKA JAPAN : 59: BENEFICIARY: TIANJIN ANMAL BY-PRODUCTS IMPORT AND EXPORT CORP. 80 YANTAI STREET, TIANJIN, CHINA : 32B: AMOUNT: CURRENCY: USD AMOUNT:46530,00,OCEAN MARINE CARGO CLAUSES (ALL RISKS) AND O

8、CEAN MARINE WAR RISKS OF PICC CLAIMS TO BE PAYABLE IN JAPAN IN THE CURRENCY OF THE DRAFT（S） +WEIGHT LIST， CERTIFICATE OF ORIGIN / QUALITY CERTIFICATE / VETERINARY CERTIFICATE IN DUPLICATE : 47A ADDITIONAL COND.: :71B: DETAILS OF CHARGES: +ALL BANKING CHARGES OUTSIDE JAPAN AND REMITTANCE CHARGES AND

9、ITS CABLE CHARGES ARE FOR BENEFICIARYS ACCOUNT : 48: PRESENTATION ERIOD: DOCUMENTS TO BE PRESENTED WITHIN 21 DAYS OF AFTER THE DATEOF ISSUANCE OF TRANSPORT DOCUMENTS BUT WITHIN THE VALIDITY OF THE CREIDT : 49: CONFIRMATION: WITHOUT : 53- : REIMBURSEMENT BANK: CHGKJPJZ : SX53: CHGKJPJZXXX +CHUGOKU BA

10、NK, LTD., THE +OKAYAMA : 78: INSTRUCTIONS: THE NEGOTIATING BANK MUST SEND ALL DOCUMENTS AND DRAFTS TO US 15-20, MARUNOUCHI 1-CHOME, OKAYAMA JAPAN (P.O. BOX 28 OKAYAMA 700-91, JAPAN) IN TWO CONSECUTIVE AIRMAILS. NEGOTIATING,CHIPS as a Payment System: CHIPS has earned the reputation of the most effect

11、ive, large-value real-time payments system in the world. Transfers an average total value in excess of $1.37 trillion a day, with only $2.8 billion in prefunding. Clears and settles 267,000 transactions on an average day. 85% of all payments are processed through our system by 12 pm each day. Handles 95% of all U.S. dollar cross-border payments. Only U.S. real-time payments system with Remittance Information Delivery capability. Over 34 years of experience, knowledge and reliability. Customers represent 22 countries from around