国际结算练习程丽萍答案完整版.docx

1、国际结算练习程丽萍答案完整版Exercise 1一、Make choice of whether the following bills are acceptable or not. Mark X before acceptable or unacceptable you chose.(1) A bill shows: pay to ABC Co. providing the goods in compliance with contract the sum of one thousand US Dollars. It is acceptable / unacceptable.(2) A bi

2、ll shows: pay to ABC Co. the sum of ten thousand US dollars on condition that shipment of goods has been made. It is acceptable / unacceptable.(3) A bill shows: On demand pay to the order of ABC Co. the sum of twenty thousand US dollars drawn against shipment of 10bales cotton piece goods from Tianj

3、in to London. It is acceptable / unacceptable.(4) A bill shows: pay to ABC Co. out of proceeds of sale of woollen blankets the sum of one thousand US dollars. It is acceptable / unacceptable.(5) A bill shows: pay from our No. 2 account to ABC Co. the sum of one thousand US dollars. It is acceptable

4、/ unacceptable.(6) A bill shows: pay to ABC Co. or order the sum of one thousand pounds and debit our No. 2 account. It is acceptable / unacceptable.(7) A bill shows :after customs clearance pay to the order of ABC Co. the sum of twenty thousand US dollars. It is acceptable / unacceptable.(8) A bill

5、 shows: pay to Mary the sum of fifty pounds and give her a suit of clothes. It is acceptable / unacceptable.(9) A bill shows: pay to the order of ABC Co. the sum of one thousand pounds plus interest. It is acceptable / unacceptable.二、(1) A bill is payable at XX days after sight, what date is the day

6、 from which time of payment begins to run? The date of acceptance (2)A bill is payable at XX days after date, what date is the day from which time of payment begins to run? The date of issuing (3) The maturity of one month after 31 Jan. is 28 Feb (4) The maturity of 180 days after 4 April is 1 Oct (

7、5) The maturity of 180 days from 6 Nov.1999 is 3 May. 2000 三、Fill in the following blank forms to draw a bill of exchange. The bill includes the requisite items as follows:(1) date: 22 May,200X amount: GBP21,787.00 tenor: at 90 days after sight drawer: China National Animal By products Imp.& Exp. Co

8、rp, Beijing Branch, Beijing drawee: Bank of Atlantic, London payee: the Order of China National Animal By product Imp.& Exp. Corp, Beijing Branch(2) date: 23 July,2000 amount: USD 35,461.50 tenor: on 31 Oct, 2000 fixed darwer: George Anderson Inc, New York drawee: Irving Trust Company, New York paye

9、e: Brown and Thomas Inc. or order drawn against shipment of cotton form Australia to St. Louis.EXCHANGE for GBP 21787.00 Beijing , 22.May200X At 90 days after sight pay this first bill of exchange(Second of same tenor and and date unpaid) to the order ofChina National Animal By product Imp.& Exp Cor

10、p, Beijing Branch the sum ofSAY GBP TWENTY ONE THOUSAND SEVEN HUNDRED AND EIGHT SEVEN ONLYDrawn To bank of Atlantic, London For China National Animal By Products Imp & Exp. Corp Beijing Branch ,BeijingXXX(2)EXCHANGE for USD 35,461.50 New York , 23 July 200X At 31 Oct,2000 fixed pay this first bill o

11、f exchange(Second of same tenor and and date unpaid) to the order of Brown and Thomas Inc.or order the sum ofSAY US DOLLARS THIRTY FIVE THOUSAND FOUR HUNDRED AND SIXTY ONE POINT FIVE ONLYDrawn against shipment of cotton from Australia St. Louis To Bank of Atlantic, For George Anderson Inc. New York

12、New York XXX四、Please answer, fill the blank in or made choice of the following question.EXCHANGE for GBP 5,000.00 London, 1 Apirl 200X At 60 days after sight pay this first bill of exchange (Second of same tenor and and date unpaid) to the order of Bank of Australia the sum ofFIVE THOUSAND POUNDS ON

13、LY To The Import Co., For The Export Co.,Melbourne London Signature (1) Prefer to the above bill, the holder i.e. Bank of Australia has the right transferring it to other person, or the right of presentment for acceptance and/or claim for payment to The Import Co. Melbourne. If the latter refuses to

14、 pay, the holder has the right of recourse against the Exporting Co. London(2) The payees London Office wishes to transfer the bill to Bank of New Zealand, Auckland, please make a restrictive endorsement.Pay to Bank of New Zealand, Auckland onlyFor Bank of Australia signature (3) Please make a blank

15、 endorsement.For Bank of Australia signature (4) Having made an endorsement in blank, the holder send the bill to Bank of New Zealand, Auckland who wishes to convert this blank endorsement into a special endorsement to themselves. Please make this special endorsement.Pay to the order of Bank of New

16、Zealand, Auckland onlyFor Bank of Australia, London Signature (5) If the condition is “on delivery of B/L No. 125”, please make a conditional endorsement.Pay to Bank of Australia or order on delivery of B/L No. 125For Bank of Australia, London Signature (6) If payees London office wishes to send the

17、 bill to their Melbourne office forcollection, please make an endorsement for collection.Pay to the order of Bank of Australia Melbourne office only for collectionFor Bank of Australia, London Signature (7) Refer to the above bill, a banker designated as payer is Bank of Melbourne, Melbourne. Date o

18、f acceptance is 10 April, 200X. Please make acceptance of such bill indicating its maturity.Accepted10 April, 200X9 June, 200XPayable at Bank of Melbourne, MelbourneFor the Importing Co. Signature 五、Choose the best answer to each of the following questionsCCCBCBBA Exercise 2P1ease answer.fill the bl

19、ank in or make choice of the following questions1、There are four parties in a remittance.i.e. (1) remitter (2) payee (3) remitting bank and (4) paying bank 2、Remittance through a bank from one country to another may usually be made by one of the following methods：(1) Telegraphic Transfer (2) Mail Tr

20、ansfer (3) Bankers Demand Draft 3、(1)Payment in advance which is adopted in international trade is usually effected by remittance.and is advantageous to (exporterimporter)(2)Payment after arrival of goods which is adopted in international trade is usually effected by remittance too .and is advantage

21、ous to (exporterimporter)(3)Payment after arrival of goods include two types of goods for sale.namely Goods Sold Consignment .4、Financial documents mean bills of exchange .promissory notes.cheques Commercial documents mean invoices .transport documents.documents of title or other similar documents5、

22、C1ean collection means collection of financial documents not accompanied by commercial documents 6、Documentary collection means collection of (1)Financial documents accompanied by commercial documents .or (2)commercial documents not accompanied by financial documents .7、How many parties are there in

23、 a collection ?(1) Principal (or seller)(2) Remitting Bank (3) Collecting bank (4) Drawee (or buyer) 8、Terms of delivery of documents are as follows： (1)Delivery of documents against payment .its abbreviation is D/P .(2)Delivery of documents against acceptance .its abbreviation is D/A .9、(1)The remi

24、tting bank has maintained an account with the collecting bank.how do you write collecting proceeds instructions in the collection instruction . When collected please credit our account with you under your cable/airmail advice to us (2)The Collecting bank has maintained an account with the remitting

25、bank.how do you write co11ecting proceeds instructions in the collection instruction?Please collect the proceeds and authorize us by cable/airmail debit your accountwith us 10、Remitting bank：Bank of China.Tianjin Paying bank：Bank of China.Luxemburg Date of cable：9 June Test：2563 Ref No208TT0219 Amou

26、nt：USD l.660.00 Payee：Marie Clauda Dumont.Luxemburg Account No01647295550 with Banque International du Luxemburg Message：Payroll Remitter：Crystal Palace Hotel.Tianjin Cover：Debit our H.O. account FM： BANK OF CHINA ,TIANJIN TO： BANK OF CHINA ,LUXEMBURG DATE： 9 JUNE TEST 2563 OURREF 208TT0219 NOT ANY

27、CHARGES FOR US PAY USD 1660.00 TO BANQUE INTERNATIONAL DU LUXEMBURG FOR CREDITING ACCOUT NO. 0-164/7295/550 OF MARIE CLAUDA DUMONT ,LUXEMBURG MESSAGE PAYROLL ORDER CRYSTAL PALACE HOTEL ,TIANJIN COVER DEBIT OUR H.O. ACCOUNT 11、MT100 CUSTOMER TRANSFERDATE：031206SENT TO：BKCHCNBJ200 BANK OF CHINA.TIANJI

28、N：FM：04HSBCHK25264HONG KONG AND SHANGHAI BANKING CORPORATION.HONGKONG：20：TRN：TT-HKH315064BACP：32A：VALUE DATECUR CODEAMT DATE：031206 CURRENCY CODE：CNY AMDUNT：6.859.58：50：ORDERING CUSTOMER： ARTHUR ANDERSEN AND CO. ：57s：“ACOOUNT WITH”BANK： BANK OF CHINA.TIANJIN BR. TIANJIN.CHINA：59：BENEFICIARY CUSTOMER

29、 TIANJIN INTERNATIONAL TAXATION CONSULT1NG BUREAU ：70：DETAILS OF PAYMENT： PAYMENT TO RENT AND TAX FOR NOV2003：71A：DETAILS OF CHARGES：BENEFICIARY：72：BANK TO BANK INFORMATION： IN COVER SETTLE THRU OUR CNY AC 11101081 WITH YOUR BEIJING HEAD OFFICE In accordance with above SWIFT Message Type l00 please write a cable text of remittance. DATE; 6TH DEC,2003 TO:BANK OF CHINA, TIANJIN BR TIANJIN CHINA FM: HONGKONG AND SHANGHAI BANKING CORPORATION,HONGKONG TION,HONGKONG OUR.REF: TT-HKH315064BACP VALUE DATE 6 DEC 1998 CNY 6859.58 ORDERING ARTHUR ANDERSEN AND CO.ACCOUNT WITH BANK