CHAPER 外汇.pptVIP

CHAPTER 2(CONTINUED) review The concept of financial instruments The characteristics of financial instruments The main contents of a bill of exchange The rules for calculating the due date Parties to a bill of exchange 1. Three key parties: The drawer, the drawee, the payee 2. Additional parties: the acceptor, the endorser, the endorsee the holder, the discounter, the guarantor 1.The drawer: a person who draws a bill Normally the_______ or the _______ 2. The drawee: the party to whom the _____ is addressed The party who effects the_______ Normally the _____ 3. The payee: First _____ to the bill and the first legal owner of the instrument The original ______ /transferor Normally the ______ Expression describing the three immediate parties: “ the bill is drawn by A on B payable to C” A----- B----- C----- “ the bill is drawn by us on you payable to ourselves” Drawer, payee---the same person(指己) “ the bill is drawn by us on ourselves payable to you” Drawer, drawee--the same person(对己) Special bills (case) The global settlement centre of Motorola is located in USA ，while the Motorola Shanghai company is responsible for purchase business in China ，and Motorola company in Brazil is a manufacturer. Suppose Shanghai company purchases the electronic equipments from the Suzhou company A ，and the goods are shipped directly by A company to Motorola in Brazil . If using B/E , how many types of B/E can be used? 1。对己：drawer－Motorola shanghai company，drawee－American Motorala，payee－Suzhou A company 2。指己：drawer－Suzhou A company，drawee－American Motorola，payee－A company or agent abroad 3. Ordinary ：drawer－A company，drawee－American Motorola，payee－A company’s correspondent bank 4.Holder holder for value holder in due course Holder for value:(付兑价持票人) Person gives value by _____or by ______ prior to him Value can be in form of _____,_____,___ Holder in due course: a. an individual acquires a negotiable instrument ___ and for value. b. The i