国际支付结算.docx

1、国际支付结算填空一、2. Settlement on commercial credit usually includes payment in advance, open account, remittance and collection.3. Settlements on bank credit include letter of credit and bank guarantee.6. Payment in advance is most advantageous to the seller.7. Open account is least advantageous to the se

2、ller.8. Collection can be divided into documentary collection and clean collection.二4. Nostro account means our account.5. Vostro account means your account.6. To Bank of China, a RMB account held by Bank of England is called vostro account.7. If a British bank has an account in Paris with a French

3、bank, it will refer to that account as nostro account.8. Control documents are lists of specimen of authorized signatures, telegraphic test keys, terms and conditions and SWIFT authentic key.三、四、9.If the paying bank maintains the remitting banks account, the reimbursement may be effected by “Please

4、debit the sum to our account with you /You are authorized to debit the sum to our account with you.”五、1. If the collecting bank is not located near the importer, it would send the documents to a presenting bank in the importers city.2. In a documentary collection, the bank acting as the exporters ag

5、ent, regulates the timing and sequence of the exchange of goods for value by holding the title documents until the importer either pays the draft or accepts the obligation to do so.4.Under documents against acceptance, after acceptance, the buyer gains possession of the goods before the payment is m

6、ade and is able to dispose of the goods as he wishes.3. Inward collection is a banking business in which a bank acting as the collecting bank receives the draft with or without shipping documents attached as well as the instruction from a bank abroad and endeavors to collect the payment or obtain th

7、e acceptance from the importer.4. Collection bill purchased involves great risks for remitting bank, so they are seldom willing to do so.5. Under documents against payment at sight the seller issues a draft. The collecting bank presents the draft to the buyer. When the buyer sees it he must pay the

8、money at once, then he can get the shipping documents.6. The remitting bank sends documents, draft, and collection order to the collecting/presenting bank in the importers country that notifies the importer.7. Under documents against acceptance, after acceptance, the buyer gains possession of the go

9、ods before payments .8. The collecting bank authorizing the release of title document on trust receipt must realize that this financing requires a great degree of confidence in the reputation, honesty, and integrity of the customer acting as trustee.六、七、1. When the beneficiary presents the documents

10、 to his bank, he must follow the “3C principle” in his documentation, the “3C” represents completeness, correctness, consistency .2. If a letter of credit is issued by airmail, it ought to be authenticated by authorized signature and when issued by cable/telex it is authenticated by test key.3. The

11、documents of the credit must be complied with the terms and conditions of the letter of credit on the one hand and they must be consistence with each other on the other hand.八、选择一、1. To the exporter, the fastest and safest method of settlement is .A. Letter of credit B. cash in advanceC. open accoun

12、tD. bankers draft2. To the importer, the fastest and safest method of settlement is .A. Letter of credit B. cash in advanceC. open accountD. collection3. Under a letter of credit, the exporter can receive the payment only when .A. he has shipped the goodsB. he has presented the documentsC. the docum

13、ents presented comply with the credit termsD. the importer has taken delivery of the goods4. Settlement by documentary credit is fair to .A. the banks involvedB. the trading companies concernedC. the shipping companyD. all of the above5. An additional risk borne by the seller when granting a credit

14、to the buyer is that the latter will not .A. accept the billB. take up the documentsC. take delivery of the goodsD. make payment at maturity6. is a compromised method between open account and cash in advance.A. letter of guaranteeB. remittanceC. treasury billD. documentary collection7. Which of the

15、following is based on commercial credit? A. Letter of creditB. Bank letter of guaranteeC. CollectionD. Insurance policy8. In credit transactions, the goods and the documents are sent to the importer .A. In different waysB. In different directionsC. In the same wayD. At one time9. In documentary coll

16、ection, after the goods have been shipped, the exporter presents the documents to .A. The collecting bankB. The reimbursing bankC. The remitting bankD. The opening bank10. The instructions for collection are mainly .A. Those given in the contractB. Written on the bill of exchangeC. Given by the impo

17、rterD. Given by the exporter二、1. From the point of view of a Chinese bank, is our banks account in the books of an overseas bank, denominated in foreign currency.A. A vostro account B. A nostro accountC. A mirror accountD. A record account2. There are four main methods of securing payment in interna

18、tional trade: payment under documentary credit, open account, collection, and payment in advance. From an exporters point of view, the order of preference is . A. , , , B. , , , C. , , , D. , , , 3. The collection provides the seller with a greater degree of protection than shipping on .A. Documenta

19、ry creditB. Bankers letter of guaranteeC. Bankers draftD. Open account4. Foreign trade can be conducted on the following terms except for . A. Open accountB. Documentary collectionC. Documentary creditD. public bonds5. If Bank of China instructs Bank of America to pay a sum of USD 1,000,000.00 to Mi

20、dland, its nostro account will be .A. CreditedB. DebitedC. IncreasedD. Decreased三、1. The person paying the money is a of a check.A. PayeeB. EndorserC. DraweeD. endorsee2. A check is valid for months from the date of issue, unless a shorter period is written on the face of it.A. SixB. NineC. ThreeD.

21、one3. If a check dated 1st Feb., 2008 was present on the 5th Nov., 2007, it would be .A. Pre-datedB. Out of dateC. Post datedD. undated4. If a check dated 1st Feb., 2008 was present on the 5th Oct., 2008, it would be .A. Pre-datedB. Out of dateC. Post datedD. undated5. The effect of a blank endorsem

22、ent is to make the check payable to the .A. Order of a specified personB. Specified personC. bearerD. Named person6. Banks usually ask for endorsement when checks in favor of payees are credited to a account.A. Joint jointB. Joint soleC. Sole jointD. Sole solo7. Payee James Smith endorsed “ James Sm

23、ith pay to L. Green”, this is a endorsementA. SpecialB. BlankC. GeneralD. restrictive8. If a bill is payable “60 days after date”, the date of payment is decided according to .A. The date of acceptanceB. The date of presentationC. The date of the billD. The date of maturity9. A carries comparatively

24、 little risks and can be discounted at the finest rate of interest.A. Sight B. Bank draftC. Commercial billD. Trade bill10. A term bill may be accepted by the .A. DrawerB. DraweeC. HolderD. Payee11. The party to whom the bill is addressed is called the A. DrawerB. DraweeC. HolderD. Payee12. When fin

25、ancing is without recourse, this means that the bank has no recourse to the if such draft are dishonored.A. PayerB. DraweeC. PayeeD. Drawer 13. A promissory note is “inchoate” until it has been deliver to the .A. Payer or bearerB. Payee or draweeC. Payee or bearerD. Holder or drawer14. The of a prom

26、issory note has prime liability while the other parties have secondary liability.A. HolderB. DraweeC. MakerD. Acceptor15. An acceptance with the wording “payable on delivery of bill of lading” is .A. A general acceptanceB. Qualified acceptanceC. Non acceptanceD. Partial acceptance16. Must be accepte

27、d by the drawee before payment.A. A sight billB. A bill payable xx days after sightC. A promissory noteD. A bill payable xx days after date17. A (n) is a financial document.A. Bill of exchangeB. Bill of ladingC. Insurance policyD. Commercial invoice18. In order to retain the liabilities of other par

28、ities, a bill that has been dishonored must be .A. ProtestedB. Given to the acceptorC. Retained in the filesD. Presented to the advising bank19. “A check payable to ABC company is credited to the personal account of Mr. Li”, the bank .A. Is correct in crediting the accountB. Is merely doing what is

29、requested by its customerC. Has committed an act of negligenceD. Will make a claim on its principal四、1、A payment order, mail advice or credit advice/please debit advice is an authenticated order in writing addressed by one bank to another instructing the latter to pay a sumcertain in money to a spec

30、ified person or a _named thereon.A. bank B. beneficiary C. remitter D. acceptor2. The only means of authenticating a cable transfer is the _.A. SWIFT authentic key B. payment order C. test key D. authorized signatures.3._is often used when the client wants to transfer the funds to his beneficiary hi

31、mself.A. Demand draft B.Mail transferC.Telegraphic transfer D.Remittance by SWIFT.4. If the paying bank opens a current account with the remitting bank, 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 accountB. debiting remitting banks nostro accountC. instructing areimbursing bank to pay the paying bank by debiting the remit