《国际支付与结算》(修订版)王益平-课后答案(完整版1-.docx

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1、Chapter One1. Fill in the blanks to complete each sentence.(1) local legal system, political, exchange risks (2) open account, advance payment, remittance and collection(3) letter of credit, bank guarantee (4) price terms, delivery terms(5) least/minimum, most/maximum(6) advance payment(7) open acco

2、unt(8) clean collection, documentary collection2. 略3. Translate the following terms into English.(1) settlement on bank credit (2) the potential for currency fluctuation(3) to clear the goods for export (4) to pay the insurance premium(5) to carry out export formalities (6) the major participants in

3、 international trade(7) the commodity inspection clause (8) to fulfill the obligation to deliver the goods(9) the goods have passed over the ships rail(10) International contract is concluded in a completely different context than domestic ones4Decide whether the following statements are true or fal

4、se.(1) F (2) F (3) T (4) T (5) T (6) T (7) F (8) T (9) T (10) F5. Choose the best answer to each of the following statements(1)-(5) BCCBD (6)-(10) DACCC(11)-(15) BDDCD (16)-(20) DCACDChapter Two1. Fill in the blanks to complete each sentence.(1) barter(2) medium of exchange(3) expensive, risky(4) ou

5、r(5) Vostro(6) vostro(7) nostro(8) specimen of authorized signatures, telegraphic test keys, terms and conditions, Swift authentic keys2. Define the following terms(1) Correspondent relationship A bank having direct connection or friendly service relations with another bank. (2) International settle

6、mentsInternational settlements are financial activities conducted among different countries in which payments are effected or funds are transferred from one country to another in order to settle accounts, debts, claims, etc. emerged in the course of political, economic or cultural contracts among th

7、em. (3) Visible tradeThe exchange of goods and commodities between the buyer and the seller across borders.(4) Financial transactionInternational financial transaction covers foreign exchange market transactions, government supported export credits, syndicated loans, international bond issues, etc.(

8、5). Vostro accountVostro account is an account held by a bank on behalf of a correspondent bank.3. Translate the following terms into English.(1) commercial credit (2) control documents(3) account relationship(4) cash settlement(5) financial intermediary(6) credit advice(7) agency arrangement (8) cr

9、edit balance(9) reimbursement method(10) test key/code4Decide whether the following statements are true or false.(1) T (2) F (3) F (4) T (5) F 5. Choose the best answer to each of the following statements(1)-(5) BCDAD (6)-(10) BBDABChapter Three1. Define the following Terms:(1) Negotiable instrument

10、 “A negotiable instrument is a chose in action, the full and legal title to which is transferable by delivery of the instrument (possibly with the transferors endorsement) with the result that complete ownership of the instrument and all the property it represents passes free from equities to the tr

11、ansferee, providing the latter takes the instrument in good faith and for value.” (2) Bill of exchangeA bill of exchange is 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 fi

12、xed or determinable future time, a sum certain in money, to or to the order of a specified person, or to bearer. (3) CheckA check is an unconditional order in writing addressed by the customer to a bank signed by that customer authorizing the bank to pay on demand a specified sum of money to or to t

13、he order of a named person or to bearer. (4) Documentary billIt is a bill with shipping documents attached thereto. (5) CrossingA crossing is in effect an instruction to the paying bank from the drawer or holder to pay the fund to a bank only. 2. Translate the following terms into English.(1) 一般划线支票

14、 generally crossed check(2) 特殊划线支票specially crossed check(3) 过期支票 a check that is out of date (4) 未到期支票 post dated check(5) 大小写金额 amount in words (6) 白背书 blank endorsement(7) 特别背书 special endorsement (8) 限制性背书 restrictive endorsement(9) 跟单汇票 documentary bill (10) 即期汇票 sight draft(11) 远期汇票 usance/ter

15、m bill (12) 承兑汇票 acceptance bill(13) 可确定的未来某一天determinable future date (14) 光票 clean bill(15) 流通票据 negotiable instrument (16) 贴现行 discounting house (17) 商人银行 merchant bank (18) 无条件的付款承诺 unconditional promise of payment(19) 负连带责任 jointly and severally responsible (20) 出票后90天付款 payable 90 days after d

16、ate3. Decide whether the following statements are true or false.(1) T (2) F (3) T (4) T (5) T (6) F (7) T (8) T (9) T (10) T(11) F (12) T (13) T (14) F (15) T (16) T (17) T (18) F (19) F (20) F 4. Choose the best answer to each of the following statements(1)-(5) CACBC (6)-(10) BACBB(11)-(15) BDCCC (

17、16)-(20) BBAAC5-7 略Chapter Four1. Fill in the blanks to complete each sentence.(1) beneficiary (2) payment order / mail advice / debit advice (3) the remittance amount is large / the transfer of funds is subject to a time limit / test key(4) sell it to his own bank for crediting his account (5) debi

18、ts / credits(6) demand draft(7) act of dishonor (8) swiftness / reliability / safety / inexpensiveness(9) debiting remitting banks nostro account(10) delivery of the goods2. Define the following Terms.(1) International remittance means a client (payer) asks his bank to send a sum of money to a benef

19、iciary abroad by one of the transfer methods at his option while the beneficiary can be paid at the designated bank which is either the remitting banks overseas branch or its correspondent with a nostro account.(2) Remitting bank is the bank transferring funds at the request of a remitter to its cor

20、respondent or its branch in another country and instructing the latter to pay a certain amount of money to a beneficiary.(3) A mail transfer is to transfer funds by means of a payment order or a mail advice, or sometimes a debit advice issued by a remitting bank, at the request of the remitter. (4)

21、Demand draft transfer is a remittance method using a bank demand draft. It is a negotiable instrument drawn by one bank on its overseas branch or its correspondent abroad ordering the latter to pay on demand the stated amount to the holder of the draft.(5) Cancellation of the reimbursement under mai

22、l transfer or telegraphic transfer is usually done before its payment is made at the request of the remitter or the payee who refuses to receive the payment.3. Translate the following terms into English.(1) 汇款通知单remittance advice(2) 汇出汇款outward remittance(3) 国际汇款单international money order(4) 往来账户cur

23、rent account(5) 自动支付系统automated payment system(6) 作为偿付in cover(7) 赔偿保证书letter of indemnity(8) 信汇通知书mail advice(9) 汇票的不可流通副本non-negotiable copy of draft(10) 首期付款down payment4. Choose the best answer to each of the following statements(1)-(5) BCABD (6)-(10) BBBAAChapter Five1. Fill in the blanks to co

24、mplete each sentence.(1) presenting bank (2) title documents / pays the draft / accepts the obligation to do so(3) legal / the exchange control authorities (4) the payment is made(5) open account / advance payment (6) Inward collection (7). the remitting bank (8) trust receipt(9) D/P at sight(10) do

25、cuments, draft, and collection order2. Define the following terms(1) Collection is an arrangement whereby the goods are shipped and a relevant bill of exchange is drawn by the seller on the buyer, and/or shipping documents are forwarded to the sellers bank with clear instructions for collection thro

26、ugh one of its correspondent banks located in the domicile of the buyer.(2) The case of need is the representative appointed by the principal to act as case of need in the event of non-acceptance and/or non-payment, whose power should be clearly and fully stated in the collection.(3) Documentary col

27、lection is a collection of financial instruments being accompanied by commercial documents or collection of commercial documents without being accompanied by financial instruments, that is, commercial documents without a bill of exchange. Alternatively, the documentary collection is a payment mechan

28、ism that allows the exporters to retain ownership of the goods until they receive payment or are reasonably certain that they will receive it.(4) Outward collection is a banking business in which a bank acting as the remitting bank sends the draft drawn against an export with or without shipping doc

29、uments attached, to an appropriate overseas bank, namely, the collecting bank to get the payment or acceptance from the importer.(5) Collection bill purchased is a kind of financing by banks for exporters under documentary collection methods. It means that the remitting bank purchases the documentar

30、y bill drawn by the exporter on the importer. It involves great risk for the remitting bank due to lack of a guarantee.3. Translate the following terms into English.(1) 承兑交单 acceptance against documents(2) 商业承兑汇票trade acceptance(3) 需要时的代理人case of need (4) 出口押汇export bill purchased(5) 物权单据title docum

31、ent (6) 以寄售方式on consignment(7) 直接托收direct collection(8) 货运单据shipping documents (9) 付款交单documents against payment (10)远期汇票time/ tenor/term/ usance draft4. Choose the best answer to each of the following statements(1)-(5) ABCAB (6)-(10) ACAADChapter Six1. Define the following terms:(1)Letter of credit

32、 The Documentary Credit or letter of credit is an undertaking issued by a bank for the account of the buyer (the applicant) or for its own account, to pay the beneficiary the value of the draft and/or documents provided that the terms and conditions of the documentary credit are complied with. (2)Co

33、nfirmed letter of credit A credit that carries the commitment to pay by both the issuing bank and the advising bank. (3) Revolving credit A credit by which, under the terms and conditions thereof, the amount is renewed or reinstated without specific amendments to the documentary credit being require

34、d. (4) Confirming bank A bank, usually the advising bank, which adds its undertaking to those of the issuing bank and assumes liability under the credit.(5) Applicant of the creditThe applicant is always an importer or a buyer, who fills out and signs an application form, requesting the bank to issu

35、e a credit in favor of an exporter or a seller abroad.2. Translate the following terms or sentences into English.(1) 未授权保兑 silent confirmation (2) 有效地点为开证行所在地的柜台to expire at the counters of the issuing bank (3)凭代表物权的单据付款 to pay against documents representing the goods(4)信用证以银行信用代替了商业信用。A credit plac

36、es a banks credit instead of commercial credit.(5)信用证独立于它所代表的商业合同。A credit stands independent of the sales contract.3. Decide whether the following statements are true or false.(1) F (2) F (3) T (4) F (5) T (6) F (7) F (8) T (9) F (10) F(11) T (12) T (13) F (14) F (15) T 4. Choose the best answer to

37、 each of the following statements(1)-(5) BCDBA (6)-(10) DDCCC(11)-(15) DDADB (16)-(20) DDDABChapter Seven1. Fill in the blanks to complete each sentence.(1) completeness, correctness, consistency(2) underlying transaction(3) authorized signatures, test key(4) comply with(5) ISO currency code 2. Tran

38、slate the following terms or sentences into English.(1) 信用证表面的真实性 the apparent authenticity of the credit (2) 标准国际银行惯例 international standard banking practice (3) 信息交换系统data communication network (4) 有足够的资金来支付信用证to have sufficient funds to cover the credit(5) 买方考虑自己的要求也同样的重要It is equally important t

39、hat the buyers own requirements be taken into account.3. Decide whether the following statements are true or false.(1) F (2) F (3) F (4) T (5) T (6) T (7) F (8) T (9) F (10) T4. Choose the best answer to each of the following statements(1)-(5) CDCBC (6)-(10) CAADD(11)-(15) ADDABChapter Eight1. Defin

40、e the following terms:(1) Commercial invoice The commercial invoice is the key accounting document describing the commercial transaction between the buyer and the seller. It is a document giving details of goods, service, price, quantity, settlement terms and shipment. (2) Export license An export l

41、icense is a document prepared by a government authority of a nation granting the right to export a specific quantity of a commodity to a specified country. (3) Bill of lading A bill of lading is a document issued by a carrier to a shipper, signed by the captain, agent, or owner of a vessel, providin

42、g written evidence regarding receipt of the goods, the conditions on which transportation is made, and the engagement to deliver goods at the prescribed port of destination to the lawful holder of the bill of lading. (4) Inspection certificate A document issued by an authority indicating that goods

43、have been inspected prior to shipment and the results of the inspection. (5) Consular invoice A consular invoice is an invoice covering a shipment of goods certified in the country of export by a local consul of the country for which the merchandise is destined. II. Translate the following into Engl

44、ish:(1) 战略产品strategic commodity (2) 普惠制General System of Preference (3) 有预订的泊位with reserved berth (4) 多式联运提单multi-modal transport bill of lading (5) 抽样方式sampling methodology3. Decide whether the following statements are true or false.(1) F (2) F (3) T (4) T (5) F (6) F (7) F (8) T (9) T (10) F4. Cho

45、ose the best answer to each of the following statements(1)-(5) ABDAC (6)-(10) CCCDA(11)-(15) DDAAA (16)-(20) ABACDChapter Nine1. Fill in the blanks to complete each sentence.(1) acceptable accounts receivable / non-recourse and notification(2) collection as well as the risk of credit losses (3) the level of sales(4) changes in the world economic structure (5) growing demands (6) purchasing the clients accounts receivables (7) financial and administration (8) the invoice date / the customer make