国际贸易理论与实践课件6.pptVIP

Chapter organization Introduction to international settlement Credit instruments used in settlement of trade Methods of settlement for international trade Introduction Payment in domestic trade is a fairly simple matter, which can be made either in advance or within a reasonably short period after delivery. Payment arrangements for international transactions are more complicated and difficult for a number of reasons. First , the arrangements are international; as a result, longer distance and more procedures are involved. Second, longer time is needed in settling an international payment. Third, different regulations and systems of law that are applied further complicated the arrangements. Fourth, the monetary and financial matters are different in different countries and different methods are used. International payments arrangements involve more risks and must be handled with special care. Introduction Definition of international settlement It refers to the movement of funds from one country to another. The main reason for moving funds from one country to another is the settlement of debts resulting from international trade. International settlement involves: The Means of Payment (draft, promissory notes, cheque) Modes of International Payment (remittance, collection, L/C) Financial Institutions (commercial bank or other financial institutions. C.W.O. ＝ Cash With Order, the cost of an item must accompany the order. 订货付现＝ 货款与订单一起交付。也有翻译成为：认购即付（C.W.O.）： 一种定货时即支付现金，这时交易对买卖双方都具有约束力的货款支付方法。 C.O.D (Cash On Delivery) 交货付现 C.A.D (Cash Against Documents ) 凭单付现 P.O.D (pay on delivery) 货到付款  Means of Payment Financial Instruments Bill of Exchange 汇票 Promissory Note 本票 Cheque 支票 Bill of Exchange Definition A bill of exchange, also called draft, is defined as “an unconditional order in writing, addressed by one person to another , signed by the person giving it, requiring the person to whom it is addressed to pay on demand, or at a fixed or determinable future tim