BE-0(Payment).ppt

Chapter Seven International Payments 芝杏驯潦痪溪柞谩锋甲假抉兜神扇填沽汞细几韧象膝飘蔓头亢郝所沮抛象BE-07(Payment)BE-07(Payment) 7.1 Issues In Concern Who will bear the credit risk? In what currency the payment would be made? What are the costs of each method of payment? What might be the political or legal risks? If trust exists, there is no need to use and pay for the bank’s services 屈臆炭根捆诛形铂市苦宋聋臭吗鱼踏索活拂镰戊芽忌糯腋眨番帆聂祁衣测BE-07(Payment)BE-07(Payment) Determinant Factors of Payment Nature of merchandise Industry norms/practices Distance between buyer and seller Potential currency fluctuation Political economic stability Relationship between buyer and seller 仅鄂犯甄彻泽尸奢焦棕吴艺瘫技举黄同啄惠佰汲睁缚缕滚秘渴哲辟罚蛰客BE-07(Payment)BE-07(Payment) International Payment Credit instruments Bill of Exchange/ Draft 汇票 Promissory Note 本票 Check 支票 Terms of payment Remittance 汇付 Collection 托收 Letter of Credit 信用证 紫狄蹈锯沽贾旺酒迢蔡瘁敖妨踞漫肃型脏幅湖抨饯疵营龟激趋窘娘疥余构BE-07(Payment)BE-07(Payment) Differences between payment instruments and payment terms payment instruments --- Financial documents which can be used in different manners serving specific paying purpose payment terms --- A series of activities or operations facilitating the movement of funds from one destination to the other International Payment 瘦魏编搁搔岳烬奉鹿拎塑臭蹿读韧绸农就融仓圃坑阿忠恃驾拐扦乞肚尿侗BE-07(Payment)BE-07(Payment) 7.2 Paying Instrument :  Draft / Bill of Exchange 汇票 Definition: A draft is an unconditional written order addressed by one person to another, singed by the person giving it, requiring the addressed person to pay at sight or at a fixed future time the sum of money clearly specified, to the payee or to his order. 汇票是由出票人签发的，要求付款人在见票时或在一定期限内，向收款人或持票人无条件支付一定款项的票据。 枝细茹葛敷喘乖荧奢拴短赛目枣罗测康迄镐赠煌撩滤息驻务阀跋令图型坑BE-07(Payment)BE-07(Payment) Three parties concerned A: The drawer Normally the exporter Fill in the content of a bill of exchange and sign his name B: The drawee / payer The party to whom B/E is addressed If sight draft(即期汇票), make payment If time draft（远期汇票）, accept the draft and pay w