【正文】 ned USD account with XYZ Bank, New York. Suppose an outward in USD is made, then “cover instruction” ? In cover, we have authorized XYZ Bank, New York to debit our account and credit your account with them ? A bank, at request of its customer, transfer a certain sum of money to its overseas branch or correspondent bank, instructing it to pay a named person domiciled in that country. ? Based on mercial credit the concept of remittance payee remitter Paying bank Remitting bank ② instruction goods ① Application ③ paying ? 匯款人（ remitter/importer） : ? Remittance application ? Submit the same amount of funds and mission ? For our country, submit documents required by SAFE ? 收款人或受益人（ payee/exporter） ? 匯出行 (remitting bank)： ? payment order/. （支付授權(quán)書(shū) )should be made out as instructed in the application and indicate the reimbursement of remittance cover 。signature of the drawee ? Types ： general acceptance: without any qualification qualified acceptance: 1)a conditional acceptance(refuse to accept) . accepted payable providing goods in order。 2） to deliver it to the payee According to the negotiable instrument law： ? The bill should be plete in form stipulated by the negotiable instrument law in the place of issue； ? By drawing a bill,the drawer engages that on due presentment the bill will be accepted and paid and that, if dishonored, he will pensate the holder。保證 ： 1) 保付只是支票的行為，保證是三種票據(jù)的共同行為 2) 保付只能由支票的付款人作出，保證人則可是除票據(jù)債務(wù)人以外的任何人 3) 保付人成為絕對(duì)的債務(wù)人，出票人和背書(shū)人的責(zé)任便免除，保證人和被保證人都是匯票的債務(wù)人 4) 全額保付 5) 支票保付人向持票人支付了支票金額，票據(jù)關(guān)系消滅，保證人支付后，還可向被保證人和其前手追索 Certified checks ?The word “exchange” ? An unconditional order to pay ? A fixed amount of money ? Name of the payee 1)限制性 （ Restricted Order） 不能流通轉(zhuǎn)讓 ,只有匯票上指定的收款人才能接受票款 to ***only。 A check is a bill of exchange drawn on a bank payable on demand。 a promise to pay ? Basic parties involved:threeparty instrument amp。 Acmodation bill 圖示 倫敦出口公司向墨爾本一家公司出口貨款為 6600英鎊，由出口商開(kāi)出遠(yuǎn)期匯票，出票后 60天付款。 ? 支付工具 payment instrument ? 流通工具 transferable instrument ? 信用工具 credit instrument ? 融資工具 financing instrument Functions of negotiable instrument ? 出票人 drawer ? 付款人 payer/drawee ? 收款人 payee ? 背書(shū)人 endorser ? 承兌人 acceptor ? 持票人 holder Parties to a negotiable instrument 正當(dāng)持票人 /善意的持票人（ holder in due course/bona fide holder）： ?The instrument should be plete and regular on its face。在此情況下丙再向乙追索。票據(jù)法律關(guān)系應(yīng)依票據(jù)法的規(guī)定加以解決，票據(jù)基礎(chǔ)關(guān)系則應(yīng)以民法規(guī)定加以解決。但票據(jù)的最大特點(diǎn)就是，票據(jù)法律關(guān)系一經(jīng)形成，即與基礎(chǔ)關(guān)系相分離。 ? 對(duì)于這張遠(yuǎn)期票據(jù)， A公司為出票人， B商為收款人，建行某市分行為付款人。事實(shí)上， B商將這筆巨款騙到手后便無(wú)影無(wú)蹤了。貴方全部收貨后，再付給我方 700萬(wàn)美元的貨款。第一批價(jià)值為 60萬(wàn)美元的膠合板準(zhǔn)時(shí)到貨，質(zhì)量良好，對(duì)雙方合作很滿意。 services offered by it。 ? cost。 pay as late as possible ? Financial intermediary to maximize revenues。信用證和保函 (documentary credits and guarantees)。外匯業(yè)務(wù) (foreign exchange confirmations)。International Settlement Wangshu Chapter One Introduction ? Concept ? Category ? Evolution ? Players and theirs roles ? Factors in payment decisions ? Characteristics and developing trend ? Correspondent banking relationship the financial activities conducted among different countries in which payments are effected or funds are transferred from one country to another in order to settle claims and debts,emerged in the course of political ,economic or cultural contacts among them. Meaning of International Settlement ?Negotiable intsruments(票據(jù) ): bills of exchange, promissory notes, checks ?Payment techniques: remittances,collections, letters of credit, bank guarantees, international factoring and forfaiting ?Documents: bills of lading,insurance policies, certificates of origin, etc ? Trade settlement: payments for visible trades ? Nontrade settlement: invisible trade settlement： payments for services, technology transfer, patents and copyright contracts, etc financial transaction settlement： buying and selling of financial assets, overseas moneyraising and investing payments between governments： aids and grants others: overseas remittances, inheritances, etc Category of international settlement ? From cash settlement to noncash settlement ? From goods trading to documents trading ? From direct payment between traders to payment effected through a financial intermediary safety, high efficiency, low cost, standardization ? Electronic settlement SWIFT CHIPS CHAPS FEDWIRE TARGET Evolution of international settlement SWIFT(Society for worldwide interbank financial telemunication)環(huán)球同業(yè)銀行金融電訊協(xié)會(huì) 特點(diǎn) :標(biāo)準(zhǔn)化 。銀行頭寸調(diào)撥(bank transfer)。貴金屬和銀團(tuán)貸款業(yè)務(wù) (precious metals and syndication)。 minimize nonpayment risks ? Importer to receive goods as ordered。 risks in control of title to the goods,etc. ? convenience。 location。合同總金額為 700萬(wàn)美元，支付方式為付款交單，允許分批裝運(yùn)。承兌后，我方保證將 700萬(wàn)美元的膠合板在一年內(nèi)交貨。從此卻一張膠合板都不交給 A公司。最后，由于本案金額巨大，報(bào)請(qǐng)國(guó)務(wù)院批準(zhǔn)，由建行某市分行付給美國(guó)銀行 600萬(wàn)美元而結(jié)案。美國(guó)銀行與 B商之間有對(duì)價(jià)關(guān)系，美國(guó)銀行善意地付了 600萬(wàn)美元的對(duì)價(jià)而受讓，從而成為這張匯票的善意持票人。對(duì)美國(guó)銀行來(lái)說(shuō)，這張票據(jù)上并沒(méi)有寫(xiě)膠合板，只有一句話：“見(jiàn)票后一年付 700萬(wàn)美元”。丙隨即向甲追索，甲以乙所交貨物質(zhì)次為由予以拒絕，并稱已于 10天前通知銀行止付，止付通知及止付理由也已通知了乙。你認(rèn)為法院將如何判決？ 甲、乙的拒付理由不成立，銀行已破產(chǎn)清理，只需向甲、乙追索即可。 ?The holder did not notice any infirmity in the instrument or defect in the title of the person negotiating it 付對(duì)價(jià)持票人 holder for value : a person who possesses an instrument for which value has been given by himself or by some other person prior to him in forms of money, goods,or services. A C D E B Drew a draft on B Endorsed and lost it Picked it up and transferred it to E for value Accepted the draft F Gave it as a present ? Claim for payment(第一次請(qǐng)求權(quán)，主權(quán)利 ) ? Recourse (第二次請(qǐng)求權(quán) ) ? Only when the claim of holder for payment can’t be satisfie