国际结算第3章.ppt

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1、Chapter ThreeRemittanceTeaching purpose Find out about the concept and method of international remittance;understand types and procedure of remittance;grasp the reimbursement.Focal and difficult pointsThe types of remittance and its procedure,the reimbursement of remittance.Key terms International R

2、emittance,Natural Transfer,Reverse Remittance,Telegraphic Transfer,Mail transfer,Demand Draft Transfer,Outward Remittance,Inward Remittance,Reimbursement and Claim.Content of Chapter Three The method of remittance and parties concerned.The types of remittance and settlement instruments.Reimbursement

3、 of remittance.3.1 What Is Remittance A.Definitions Remittance can be defined as the payment of a sum due from a buyer to a seller through a bank by certain means of payment.Three types of remittance:T/T,M/T,D/D.3.1 What Is Remittance B.Four Parties to Remittance:The remitter The remitting bankThe p

4、aying bankThe payee 3.1 What Is Remittance C.Procedures For Remittance RemitterPayeeRemitting BankPaying Bank GoodsApplication Remittance(1)Remittance(2)Confirmation(3)Instruction ReceiptPayment (5)Proceeds(7)Reimbursement (4)Outward&Inward remittance 3.1 What Is Remittance D.How to deal with offers

5、 for the revocation of remittance?If the proceeds have not been paid to the payee,the remitter or the payee may require the remitting bank or the paying bank to revoke the remittance;3.1 What Is Remittance D.How to deal with offers for the revocation of remittance?If the proceeds have been paid to t

6、he payee,the remitter has to negotiate with the payee for the revocation of the remittance.3.2 General Classifications of Remittance A.Telegraphic Transfer(T/T)a.If a T/T is used,the payment instructions are sent to the paying bank by cable,telex or SWIFT,and the paying bank will require a special a

7、uthenticating code word before it will act.Procedures For T/T?c.How To Write Messages of Cable/Telex/SWIFT instructions?Testkey;Amount and currency;Reimbursement of remittance cover;Name,Address/Fax/Account Number of payee and remitter;Remarks and massages of remitter;3.2 General Classifications of

8、RemittanceEx.Cable with the Test key :FROM:BANK OF CHINA,TIANJINTO:THE NATIONAL COMMERCIAL BANK,LTD,HONGKONGDATE:21ST OCT 2009TEST 2133 OUR REF 208TT0517 WITHONT ANY CHARGES FOR US PAY USD903,000.00 TO YOURSELVES FOR ACCOUNT NO.50600 FAVOUR TSINLIAN Co.LTD,75 MOOY ROAD KOWLOON,HONGKONG MASSAGE CONTR

9、ACT NO.94-4810250 ORDEF TIANJIN EQUIPMENT I&E CORP.COVER DEBIT OUR H.O.ACCOUNTSWIFT Block:Header 1.Basic Header Block 2.Application Header Block 3.User Header Block Text:4.Text Block Trailers:5.Trailers Block Ex.MT103 :1:F 01 MSBCCNBJA 3149 1582812:0 103 1608 070507CHASUS330 1833644500 070508 0408 N

10、 Message Header SWIFT Output:FIN 103 Single Customer Credit TransferSender:CHASUS33 Receiver:MSBCCNBJ Message Text 20:Senders Reference ABCD123 23B:Bank Operation Code CRED Ex.MT103 :32A:Val Dte/Curr/Interbnk Settld Amt Date :07 May 2007 Currency :USD(US DOLLAR)Amount :#2000,50#33B:Currency/Instruct

11、ed Amount Currency :USD(US DOLLAR)Amount :#2000,80#50K:Ordering Customer Name&Address /00987654321 ABCD COMPANY Ex.MT103 :50A:Ordering Institution BIC BOFAUS3N57A:Account With Institution BIC MSBCCABJ002 59:Beneficiary Customer-Name&Address /0012345678 SHANGHAI EFGH CO.LTD 70:Remittance Information

12、/RFB/66666666 71A:Details of Charges BENEx.MT103 :71F:Senders Charges Currency :USD(US DOLLAR)Amount :#8,00#72:Sender to Receiver Information /TIME/16:06 /INS/ABA/026009593 /FEDREF/0507B6B7HU6R03382 Message Trailer MAC:05F44FF1CHK:453FBFF0BC28Ex.MT103 :71F:Senders Charges Currency :USD(US DOLLAR)Amo

13、unt :#8,00#72:Sender to Receiver Information /TIME/16:06 /INS/ABA/026009593 /FEDREF/0507B6B7HU6R03382 Message Trailer MAC:05F44FF1CHK:453FBFF0BC28B.Mail Transfer(M/T)a.In case of a male transfer,the same procedures as for telegraphic transfer is adopted.However,the instructions to the overseas bank

14、are sent by airmail,and the overseas banks will need an authenticating signature before it will act.3.2 General Classifications of Remittance b.Procedures for M/T:They are much the same as telegraphic transfer,except that the payment instructions are sent to the paying bank by airmail,not by telex,c

15、able or SWIFT;and the paying bank requires an authoritative signature to authenticate the cable instead of a test key as in the case of T/T.3.2 General Classifications of Remittance c.Demand Draft(D/D)In the case of D/D,a Bankers Demand Draft is drawn on the remitting bank or its overseas agencies,r

16、equiring the paying bank to pay on demand a sum certain in money to the order of a named person or to the bearer.3.2 General Classifications of Remittance Procedures For D/D RemitterPayeeRemitting BankPaying BankApplication Remittance(1)BankersDemand Draft(2)Payment (6)(7)Reimbursement (5)Presentati

17、on(4)Advice of Drawing(3)Demand Draft 3.2 General Classifications of Remittance D.Comparisons Between T/T,M/T and D/DT/T is the safest and fastest of all,but it is also the most expensive one;and the bank can not use the funds of the customer;M/T costs much lower than T/T,but it is slower,and the ai

18、rmails may get lost or delayed;the remitting bank may use the funds of the customer in short periods of time;3.2 General Classifications of RemittanceD.Comparisons Between T/T,M/T and D/D D/D is the slowest and cheapest of all;the payee may be different from the original one;the bank need not notify

19、 the payee or the bearer about the remittance;the bank can use the funds of the customer in short periods of time.3.2 General Classifications of Remittance 3.3 Reimbursement of Remittance CoverA.Cover:the amount of remittanceB.Methods of Reimbursement of cover:Direct Accounting Accounting Through A

20、third Bank Remittance Through An Intermediary Bank3.3 Reimbursement of Remittance Cover a.Direct Accounting:the remitting bank and the paying bank have direct banking relationships with each other.1.The paying bank opens an a/c with the remitting bank.2.The remitting bank opens an a/c with the payin

21、g bank.3.3 Reimbursement of Remittance CoverThe paying bank opens an a/c with the remitting bankBankBank(Accounting Bank)(Depositing Bank)(1)In cover,we have credited your a/c with us.(2)Your a/c credited.PayingRemitting 3.3 Reimbursement of Remittance Cover The remitting bank opens an a/c with the

22、paying bankBankBank(Depositing Bank)(Accounting Bank)(1)In cover,please debit PayingRemittingour a/c with you.(2)Your a/c debited.3.3 Reimbursement of Remittance Coverb.Accounting Through A Third Bank In this case,There is no direct banking relationships between the two banks.However,they can cover

23、the amount through a third bank,with which they both opens an A/C.3.3 Reimbursement of Remittance Cover The remitting bank(A)and the paying bank(B)open an a/c with X bank(Accounting Bank)(1)In cover,we have authorized x to debit our a/c and credit your a/c with them.(2)Please debit our a/c and credi

24、t B a/c with you.Remitting Payingcredited.BankBankXBank(4)Your a/c(3)Your a/c debited.AB 3.3 Reimbursement of Remittance Coverc.Remittance Through An Intermediary Bank If the remitting bank(A)and the paying bank(B)opens their A/C with different banks,proceeds are always remitted to the paying bank t

25、hrough an intermediary bank(X).3.3 Reimbursement of Remittance Cover The remitting bank(A)and the paying bank(B)open a/c with different banks(Intermediary Bank)and remit the proceeds to B (1)In cover,we have instructed x to debit our a/c and remit the proceeds to you.(2)Please debit our a/c Remitting Paying proceeds to B Bank ABank BXBankRemit the (3)Your a/c debited.