International-Settlement-Test---2文档格式.doc

International-Settlement-Test---2文档格式.doc

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4.Apaymentorder,airmailadviceorcreditadviceorpleasedebitadviceisanauthenticatedorderinwritingaddressedbyonebanktoanotherinstructingthelattertopayasumcertaininmoneytoaspecifiedpersonorbeneficiarynamedthereon.（）

5.Theonlymeansofauthenticatingacabletransferistheauthorizedsignatures.（）

6.Mailtransferisoftenusedwhentheclientwantstotransferthefundstohisbeneficiaryhimself.（）

7.Iftheremittingbankopensacurrentaccountwiththepayingbank,thereimbursementmaybeeffectedbydebitingnostroaccountoftheremittingbank.（）

8.T/TisfasterandmoreexpensiveascomparedwithM/TorD/D.（）

9.Thebuyer（drawee）isgenerallythecustomerofabankwhopreparesdocumentationandsubmitsthemtotheremittingbankwithacolletionorderforpayment.（）

10.Documentsagainstacceptanceoffersthegreatersecuritytotheexporterthandocumentsagainstpayment.（）

11.Whenthecolletingbankreleasesthedocumentstothebuyeronthetrustreceipt,thelegaltitletothegoodsremainswiththeentruster.（）

12.TheremittingbankwillconsidertopurchasethedocumentarybillfromtheselleronlyunderD/A.（）

13.Ifthecollectingbankisnotlocatedneartheimporter,itwouldsendthedocumentstoapresentingbankintheimporter’scity.（）

14.Underdocumentsagainstacceptance,afteracceptance,thebuyergainspossessionofthegoodsbeforethepaymentismadeandisabletodisposeofthegoods.（）

15.Remittanceservesasacompromisebetweencollectionandletterofcreditinsettlementofinternationaltransactionsconcludedbytheimporterandtheexporter.（）

16.Collectionbillpurchasedinvolvesgreatriskforremittingbanks,sotheyareseldomwilltodoso.（）

17.UnderD/A,thesellerissuesadraft,thecollectingbankpresentsthedrafttothebuyer.Whenthebuyerseesithemustpaythemoneyatonce,thenhecangettheshippingdocuments.（）

18.Allcurrenciescanbeusedininternationalsettlements.（）

19.ToBankofChina,aRMBaccountheldbyBankofEnglandiscallednostroaccount.（）

20.Thepersonpayingthemoneyisapayee.（）

Ⅲ.Mutiplechoicing.（20%）

1.（）aretheobligationsofthetrusteeunderD/P,T/R.

A.Toarrangeforthegoodstobewarehousedandinsuredinthebuyer’sname

B.Topayalltheproceedsofsaletothecollectingbankortoholdthemonbehalfofthebank

C.Nottoputthegoodsinpledgetootherpersons

D.Toreturnthegoodsortheproceedstothecollectingbankatanytimewhenrequested

E.Tosettleclaimsofthecollectingbankbeforeliquidationincaseofthetrustee’sbankruptcy

2.（）aretherisksthattheexporterassumesondocumentarycollectionbasis.

A.Non-acceptanceofmerchandise

B.Harmtothereputationduetodishonor

C.Exchangerestrictions

D.Non-paymentoftradeacceptance

E.Losingcontroloverthemerchandisebeforepayment

3.TheprocedureforD/Patsightcomprisethefollowingsteps（）.

A.Thecollectingbankpresentsthedocumentarybilltothedraweeforpaymentasfastaspossible

B.Thedraweeacceptsthebill

C.Thedraweepaysthefaceamountofthedraftplusanychargesthedraweeisresponsiblefor

D.Thecollectingbankreleasesthedocumentstotheimporteragainstpayment

E.ThedraweepresentsT/Rtoexchangethebilloflading

4.Thepartiestocollectioninclude（）.

A.remitterB.remittingbankC.principalD.payingbank

E.collectingbankF.representativeincaseofneedG.drawee

5.（）canbeprovidedtobankforcleancollection.

A.ChecksB.Dividendwarrantsdrawnonforeignbank

C.promissorynoteD.acceptances

E.certificatesofdepositissuedbyforeignbanks

6.AccordingtoURC522,collectionsmeansthehandlingbybanks,oninstructionsreceived,ofdocuments,inorderto（）

A.obtainacceptanceand/or,asthecasemaybe,payment

B.delivercommercialdocumentsagainstacceptanceor,asthecasemaybe,againstpayment

C.deliverdocumentsonothertermsandconditions

D.delivertitledocumentsagainstacceptanceor,asthecasemaybe,againstpayment

E.delivercertificatesofdeposittobanks

7.Controldocumentsarelistsof（）

A.specimenofauthorizedsignatures

B.telegraphictestkeys

C.termsandconditions

D.SWIFTauthentickey

E.businessinstructions

8.D/Aoffersdisadvantagestothesellersuchas（）.

A.thesellergainspossessionofthegoodsbeforethepaymentismade

B.thesellerisabletodisposeofthegoodsashewishes

C.thesellerlosesthecontrolofthegoods

D.thesellerreliesonthecreditworthinessandintegrityofbuyertopayonduedate

E.thesellercangetbillpurchasedfromtheremittingbank

9.Generalcrossingbearsacrossitsfaceanadditionof（）,thismakethecheckpayableonlythroughanybanker.

A.onlytwoparalleltransverse

B.thewords“andcompany”betweentwoparalleltransverselines

C.thewords“notnegotiable”betweentwoparalleltransverselines

D.thewords“accountpayee”betweentwoparalleltransverselines

E.thewords“BankofChina”betweentwoparalleltransverselines

10.Thecharacteristicsofmoderninternationalpaymentsandsettlementsare（）.

A.forgeignbanksactasthefinancialintermediary

B.foreignbankmarketsdoplayaveryimportantrole

C.creditinstrumentsareusedwidely

D.frompaymentsundersimplepricetermstopaymentsundermorecomplexpriceterms

E.transferofforeignexchangefundsandconveyofmessagesareverymuchfacilitated

Ⅳ.Analyzetheprinciplesandcasesininternationalsettlementsandgiveyouropinion.（24%）

1.URC522Article26shows:

Onreceiptofsuchadvice,theremittingbankmustgiveappropriateinsructionsastothefurtherhandlingofthedocuments.Ifsuchinstructionsarenotreceivedbythepresentingbankwithin60daysafteritsadviceofnon-paymentand/ornon-acceptance,thedocumentsmaybereturnedtothebankfromwhichthecollectioninstructionwasreceivedwithoutanyfurtherresponsibilityonthepartofthepresentingbank.

2.Collectigbank—ChinaMerchantsBank-CMB;

Remittingbank—KingchengBankingCorporationKowloonBaySub-branch;

Principal—WinplusCoLtd

payer—ChinaNationalTextilesImpandExpCorp

ThepayerclaimedthattheprincipalagreedtoreducetheamountfromUSD850,000.00toUSD800,000.00.Howcanthecollectingbankdo?

3.Thepayermadepaymentagainstasetofcorrectdocumentsundercollection,threedayslater,thepayerclaimedthegoodsreceivedwere“cotton”insteadof“silk”stipulatedinthecontractandaskedthecollectingbanktocontactwiththeseller.Howcanthecollectingbankdo?

Ⅴ.Practice（20%）

1.AnswerthequestionsagaisntthefollowigbillunderD/D.（10%）

BANKOFCHINA

ThisdraftisvalidforoneNo.1256679

yearfromthedateofIssueAmountUSD20,000.00

Guangzhou,15th,May,2002

PaytotheorderofWileteccCo.,Ltd.,NewYork

thesumofU.S.DollarsTwentyThousandOnly

ToBankofChina

410MadisonAvenue

NewYorkBANKOFCHINA

110017GUANGZHOU中国银行

Acompanypresentsthecollectionapplicationtothe____________________forD/D,andthebankdrawsthebillfor_____________（amount）on_____________________payableat

__________________________to_____________________datedon15,May,2002.

2.Theseller—ACompany,GuangzhoupresentsdocumentationtoBankofChinaforBillpurchasedundercollectionandtransfersthebillofexchangetotheremittingbankbyspecialendorsement,thentheremittingbanktransfersthebilltothecollectingbank—BankofAmericabyblankendorsement.（10%）

Thebackofthebill