国际贸易结算.ppt

Chapter 3Correspondent Banking 3.1 Correspondent RelationshipnCorrespondent bank Its definition:Its definition:“A bank having direct connection or A bank having direct connection or friendly service relations with another bank.friendly service relations with another bank.”Its function:It is the basis for banks cooperation all Its function:It is the basis for banks cooperation all over the world in order to fulfill international settlement.over the world in order to fulfill international settlement.Conception of correspondent banknCollecting checks,drafts,and other credit instruments;nMaking loan or investments as agents for their customer bank;nMaking credit investigations on firms that borrow in open market;nProviding banks with foreign exchange facilities.Services provided by correspondent bank3.2 Establishment of Correspondent Relationship3.2 Establishment of Correspondent RelationshipSign Correspondent AgreementExchange Control DocumentsExchange the specimen of Authorized SignatureExchange Schedule of Terms and Conditions Define Telegraphic test key(or use SWIFT authentic key)3.3 Selection of AccountsCurrent AccountsInvestment AccountsCollection Service AccountslNostro and Vostro accountlSamples of reimbursement methods eg:F “In cover,we have credited the sum to your account with us.”;F “Please debit the sum to account with you.”F “In cover,we have authorized Bank of China,Beijing to debit our account and credit your account with them.”Inter-bank accounts