1、InternationalSettlement试卷AIMultipleChoice(IO%)1. Theissuingbankauthorizestheadvisingbanktoadditsconfirmationtothecreditandthelatterconfirmsthecredit.Ifthecreditbearsaclause:uallbankingchargeswillbefortheaccountofthebeneficiary,thentheconfirmingbankwillcollectitsconfirmationfeesformthe().A.issuingban
2、kB.beneficiaryC.applicantD.others2. ()isthewrittensignificationbythedraweeofhisassenttotheorderofthedrawer.A.todrawB.presentationC.acceptanceD.endorsement3. CompanyAhasexportedCompanyBabatchofgoods,CompanyBhasopenedtoanirrevocablesightletterofcredittoCompanyAthroughbankC.WhenCompanyApresentedthefull
3、setofshippingdocumentsandappliedfornegotiationafterhehasshippedthegoods,CompanyBhasgonebankrupt.ThenBankC().a) canrefusetopayonthegroundsthatCompanyBhasgonebankruptb) shallstillbeliableforpaymentc) hastherighttopostponepaymentandthedelaytimecanbenegotiatedbybothparties4. Acreditstipulates:“oneshipme
4、ntof100,000yardsofwire”,whichofthefollowingquantitiesfailstocomplywiththecreditrequirement?()A.106,000yardsofwireB.105,000yardsofwireC.107,000yardsofwireD.108,000yardsofwire5. Documentarycreditmeanspaymentagainst()insteadofagainst().A.goods.documentsB.documents.goodsC.documents.acceptanceD.acceptanc
5、e.documents6. Inordertopreventthe()fromopeningtheL/Clate,theexportershouldstipulateatthesametime“TherelevantL/Cmustreachthe()notlaterthanJanuary31,2005.”A.sellerbuyerB.buyersellerC.buyerimporterD.sellerexporter7. Thecollectionisbasedonthecommercialcredit,whiletheL/Cisonthebasisofthebanker,scredit,()
6、A. sothecommercialdraftisusedforcollection,whilebanker,sdraftisusedfortheL/CB. however,commercialdraftsareusedforbothC.however,banker,sdraftsareusedforboth8. Orderbillofexchange().A.mustbetransferredbyendorsementB.cannotbetransferredbyendorsementC.doesnotrequireendorsement,butcanbetransferredbydeli
7、very9. Thepartiesconcernedwiththecollectionwilluse()tosettlethedispute(三)amongthem.A.UCP600B.CISGC.INCOTERMS2010D.URC52210. Ifabillofladingbearsanotationasfollows:fivebalestorn,itmaybeconsideredasa(an)()billoflading.A.cleanB.uncleanC.AorBD.noneofaboveIIExplainthefollowingconcepts.(18%)1. SWIFT2. Int
8、ernationalTradeSettlement3. CertificateofOrigin4. PromissoryNote5. Recourse6. ForfeitingIII Answerthefollowingquestions(36%)1. Whatisthecollection?Howmanypartiesconcernedandwhoarethey?2. DescribethecharacteristicsandfunctionsofL/C.3. WhatarethecharacteristicsoftheNegotiableInstruments?4. Whatarethep
9、otentialactsrelatedtothedraft(orwhatarethepotentialstepsforthecirculationofthedraft?)5. DescribethegeneralprocedureofD/Aaftersightwithafigureorgraph.Besides,someadditionalexplanationforthefigure/graphisnecessary.6. Describethegeneralprocedureofinternationalfactoringwithafigureorgraph.Besides,someadd
10、itionalexplanationforthefigure/graphisnecessary.IV CaseStudy(18%)1. Mr.AisasalesmanwhoisworkinginaChineseimportandexportcompany.HeneedstotakeUSD500,000.00topickupthegoodsinUSA.(1)CanhevisitUSAwithcashamounttoUSD500,000.00andbringthegoodsbackwithhimfromUSA?(2)Supposeyou,reanemployeeoftheInternational
11、DepartmentofBankofChina,whatadvicewouldyougivetoMr.A?2. IBMisamultinationalenterprisewhohasestablishsomanyforeignsubsidiariesandbranchesabroad,andtherearesomanybusinessesbetweentheIBManditsforeignsubsidiariesorbranches,oramongitsforeignsubsidiariesorbranches.WhatkindofforeignexchangerisksIBMwillmeet
12、andhowtomanagetheseforeignexchangerisks?3. ShanghaiTextileCo.,Ltd.hassoldabatchofcommoditiestoTLXCompanywhoislocatedintheUSA.Aftertheshipment,ShanghaiTextileCo.,Ltd.PresentedthedocumentsrequiredbytheS/CtoBankFintheUSAthroughBankofShanghai.BankFhandedthedocumenttoTLXCompanybeforehehasmadepayment.TheT
13、LXCompanywentbankruptlater.DoyouthinkShanghaiTextileCo.,Ltd.cangetthepayment?Whyandhow?VIPractice(18%)1. ReadthefollowingL/Candanswerthefollowingquestions(1) Whatarethecharacteristicsofthiscredit?(atleastfour)(2%)(2) Whatisthedateoftheissuance,expirydate,timeofshipmentandthetimeforthepresentationoft
14、hedocuments?(2%)(3) Whatkindofdocumentsarerequiredunderthiscreditandhowmuchofthemarerequiredrespectively?(4%)SampleLetterofCreditFROM:INDUSTRIALBANKOFJAPAN,LIMITED,TOKYOTBANKOFCHINA,SHANGHAISQUENCEOFTOTAL:27:1/1FORMOFDOC.CREDIT:40A：IRREVOCABLEDOCU.CREDITNO.:20:ILC136107800DATEOFISSUE:31C:991015DATEN
15、PLACE9OFEXP.:31D:991215INTHECOUNTRYOFBENEFICIARYAPPLICANT:50:ABCCOMPANY,1-3MACHIKUSTREET,OSAKA,JAPANBENEFICIARY:59:SHANGHAIDASHENGCO.,LTD.UNITC2/FJINGMAOTOWER,SHANGHAI,CHINA.CURRENCYCODE,AMOUNT:32B:USD21240.00AVAILABLEWITH/.BY.41D:ANYBANKBYNEGOTIATIONDRAFTSAT.:42C:SIGHTFOR100PCTINVOICEVALUEDRAWEE:42
16、D:THEINDUSTRIALBANKOFJAPAN,HEADOFFICEPARTIALSHIPMENT:43P:ALLOWEDTRANSSHIPMENT:43T:NOTALLOWEDLOAD/DISPATCH/TAKING:44A:CHINESEPORTSTRANSPORTATIONTO.:44B:OSAKA/TOKYOLATESTDATEOFSHIPMET:44C:991130DESCRIPGOODS/SERVICE:45A:4,000PCSDIAMONDBRANDCLOCKARTNO.791ATUSD5.31PERPIECECIFOSAKA/TOKYOPACKEDINNEWCARTONS
17、DOCUMENTSREQUIRED:46A:1. SIGNEDCOMMERCIALINVOICEINTRIPLICATE2. SIGNEDPACKINGLISTINONEORIGINALAND5COPIES3. CERTIFICATEOFCHINESEORIGINIn2COPIES4. beneficiary,scertificatestatingthatonesetoforiginalSHIPPINGDOCUMENTSINCLUDINGORIGINALTORMA”HASBEENSENTDIRECTLYTOTHEAPPLICANT5. COPYOFTELEXFROMAPPLICANTTOSUP
18、PLIERSAPPROVINGTHESHIPPINGSAMPLE.6. INSURANCEPOLICYORCERTIFICATEENDORSEDINBLANKFORHOPCTOFCIFVALUE,COVERINGW.P.ARISKANDWARRISKinduplicate7. FULLSETCLEAN,ONBOARD5OCEANBILLSOFLADING,MADEOUTTOORDERANDBLANKENDOR-SEDMARKED,FREIGHTPREPAID5ANDNOTIFYAPPLICANT.ADDITIONALCONDITION:47A:ALLDRAFTSDRAWNHEREUNDERMU
19、STBEMARKEDDRAWNUNDERINDUSTRIALBANKOFJAPAN,LTD.,HEADOFFICE,CREDITNO.ILC136107800DATEDOCT.15,1999ANDTHEAMOUNTOFSUCHDRAFTSMUSTBEENDORSEDONTHEREVERSEOFTHISCREDIT.Presentaionperiod48：documentsmustbepresentedwithin10DAYSAFTERTHEDATEOFISSUANCEOFTHESHIPPINGDOCUMENTSBUTWITHINTHEVALIDITYOFTHECREDIT.CONFIRMATI
20、ON49:WITHOUT2.SupposetheinvoicerelevanttotheL/Cmentionedaboveisasfollows：(1)No.ofInvoice：SDS20170123;(2)TotalAmount：USD21240.00.FillinthefollowingBillOfExchange.(10%)BILLOFEXCHANGEDrawnUnder(1)No.(2)Exchangefor(3)(4)(5)at(6)sightofthisFIRSTofExchange(SecondofExchangeBeingunpaid)Paytotheorderof(7)the
21、sumof(8)To(9)(10)InternationalSettlement试卷A参考答案及评分标准IMultipleChoice(10%)1. B2. C3. B4. D5. B6. B7. B8. A9. D10.BIIExplainthefollowingconcepts.(18%)1. SWIFTThefullnameofSWIFTisSocietyforWorldwideInterbankFinancialTelecommunication.Itisanon-profitandcooperativeorganizationwhichwasestablishedinBrussels
22、in1973.Itstartedtoestablishcommonstandardsforfinancialtransactionsandashareddataprocessingsystemandworldwidecommunicationsnetwork.Fundamentaloperatingprocedures,rulesforliability,etc.,wereestablishedin1975andthefirstmessagewassentin1977.TheSocietyforWorldwideInterbankFinancialTelecommunication(SWIFT
23、)providesanetworkthatenablesfinancialinstitutionsworldwidetosendandreceiveinformationaboutfinancialtransactionsinasecure,standardizedandreliableenvironment.SWIFTalsosellssoftwareandservicestofinancialinstitutions,muchofitforuseontheSWIFTNetNetwork.2. InternationalsettlementWhileinternationalsettleme
24、ntreferstothefinancialactivitiesconductedamongthepartieswhoarelocatedindifferentcountries/regions,inwhichpaymentsareeffectedorfundsaretransferredfromonecountrytoanotherinordertosettleaccounts,debtsorclaimsemergedinthecourseofpolitical,economic,culturalanddiplomaticandmilitaryexchangesandcommunicatio
25、namongthestates.Inaword,internationalsettlementisthefundstransferviabankstosettleaccounts,debtsandclaimsamountdifferententities.3. CertificateofOriginACertificateofOriginisadocumentcertifyingtheoriginorplaceofmanufactureofgoods.Inimportandexporttrade,theCertificateofOriginisprovidedbytheexporteratth
26、erequestoftheimporter,whichismainlytoprovidethecustomsoftheimportingcountrywiththeoriginofthegoods,soastocoordinatetheimplementationofthecorrespondingtradepoliciesandmeasures.4. PromissoryNoteApromissorynoteisunconditionalpromiseinwriting5. RecourseTorecoursemeansthattheholderofthenegotiableinstrume
27、nthastherightofrecoursetoallthedebtorsthroughlegalproceduresandacquiretherightonthenegotiableinstrumentwhenthepayerortheacceptorhasrefusedtoacceptorpayforaqualifiedbill,whichcanhelphimgosafeguardhisright.6. ForfeitingForfeitingisthetermgenerallyusedtodenotethepurchaseofobligationsfallingdueatsomefut
28、uredate,arisingfromdeliveriesofgoodsandservices-mostlyexporttransactions-withoutrecoursetoanypreviousholderoftheobligation.IllAnswerthefollowingquestions(36%)7. Whatisthecollection?Howmanypartiesconcernedandwhoarethey?Answer:(1) Inpractice,whenthecollectionisusedforinternationaltradesettlement,itisc
29、alledexportcollection,inwhichtheexporter(thecreditor)drawsthedraft(三)andpresentthemwiththeshippingdocumentstotheremittingbankafterhehaseffectedtheshipment,entrusttheremittingbanktocollectthepaymentthroughitscorrespondentbankintheimportingcountry.2%(2) AccordingtothestipulationinURC522,therearefourpa
30、rtiesconcernedwithcollection:principal,remittingbank,collectionbankanddrawee(payer).4%,oneforeach8. DescribethecharacteristicsandfunctionsofL/C.Answer:(1) TheL/Cischaracterizedasfollows:First,theissuingBankbearsthefirstresponsibilityofpayment;Second,thecreditisanindependentandautonomicarrangement/do
31、cument;Third,Credittransactionisthetradedealingwithdocumentsonly.4.5%,1.5%foreach(2) Function:akindofpaymentmethodsbasedonthebanker,scredit.1.5%7. WhatarethecharacteristicsoftheNegotiableInstruments?Answer:1%fortwopiecesofthecharacteristics(1) Right-setting;(2) RequisiteinForm(3) Negotiability(4) No
32、n-causative(5) Monetary(6) Presentment(7) Retumability(8) Recourse8. Whatarethepotentialactsrelatedtothedraft(orwhatarethepotentialstepsforthecirculationofthedraft?)Answer:(l)thetermofPromissoryNote;(2)anunconditionalpromisetopay;(3)thenameofthepersontowhomortowhoseorderpaymentistobemade;(4)astateme
33、ntofthetimeofpayment;(5)adeterminablesumofmoney;(6)statementoftheplacewherepaymentistobemade;(7)statementofthedateandoftheplacewherethepromissorynoteisissued;(8)thesignatureofthemaker.ifIeSSthan6pieces,1%Winbededucted.9. DescribethegeneralprocedureofD/Aaftersightwithafigureorgraph.Besides,someadditi
34、onalexplanationforthefigure/graphisnecessary.Answer:(I)TheSellerandtheBuyerbothhavesignedthesalescontract,inwhichbothagreetopaybyD/Patsight;(2) TheSellermakesthegoodsavailable,effectstheshipmentandobtainstheshippingdocuments;(3) ThesellerfillsintheCollectionApplication,drawsthedrafts,submitsthecomme
35、rcialdocument.Atthesametime,thesellerpaysthecollectingfeesandotherrelatedexpenses(generallyshallbebornebythecollectionsideexceptotherwisespecified;(4) Collectionbankmakesoutthecollectioninstruction(alsoknownascollectionorder)accordingtotheseller,sinstruction,submitsittothecollectingbankwiththedrafts
36、commercialdocumentsetc.andrequiresthecollectingbanktocollectthepaymentinaccordancewiththecollectioninstruction;(5) Thecollectingbankpresentsthedraftsandtheotherdocumentstotheimporterandasksthebuyertomakepayment;(6) Theimportermakespaymentimmediately(7) Collectingbankwillreleaseallsetofdocuments.Itc
37、anbecalledtoredeemthedocumentsfortheimporter;(8) Collectingbanktransfersthefundstotheremittingbankwhenhehasgotthepayment;(9) Remittingbanktransfersthefundstotheprincipal.(10) lanation:2%;Figure:4%6.Describethegeneralprocedureofinternationalfactoringwithafigureorgraph.Besides,someadditionalexplanatio
38、nforthefigure/graphisnecessary.explanation:2%;Figure:4%Answer:(1) Theexporterreportsthenameoftheimporterwhowishestotradewiththeexporterandtherelevanttransactiontothenationalfactoringinstitutionandentruststhefactoringagencytoinvestigatethecreditstatusoftheimporter.(2) Afterarrangingtherelevantdocumen
39、ts,theFactoringinstitutionoftheexportingcountryinformstheimporterfactoringinstitutionandentrustsitsunderstandingoftherelevantsituationoftheimporter.(3) TheFactoringinstitutionoftheimportingpartycarriesoutinvestigationaccordingtotherequirementsoftheexporterfactoringinstitutionandinformstheexporter,sf
40、actoringinstitutionofthedetailedinvestigationresultandthesuggestiononamountofcreditthatcanbeprovidedtotheimporter.(4) Theexporterfactoringinstitutionsverifiestheproposalaboveandensurescredibilityandcorrectness,andtheninformstheexporteroftheresults.(5) Accordingtotheabovesurveyresults,theexportermake
41、sitclearthatfactoringbusinesswillbepaidinthenegotiationandtransactionwiththeimporterandwritesitintothetradecontract.(6) Afterloadingandshippingthegoodsasrequested,theexporterwillpreparethedocumentsaccordingtothestipulationslistedonthecontractandtheagreementssignedwithfactoringagencyandsubmitthemtoth
42、eexporterfactoringinstitution,theexporterfactoringinstitutiondeductsinterestandrelevantcosts,andthenthepaymentispaidtotheexporterimmediatelyoronthedateagreedbybothparties.(7) Theexporterfactoringagencysendstherelevantdocumentstotheimporterfactoringinstitutionandentruststheagenttocollectthemoneyfromt
43、heimporter.(8) Theimporterfactoringagencyreceivespaymentfromtheimporterandpaysthemoneytotheexportingfactoringagency.IVCaseStudy(18%)1. Answer:(1) Mr.AcanneithervisitUSAwithcashamounttoUSD500,000.00becausetheforeignexchangecontroldepartmentwillnotallowandnotbringthegoodsbackwithhimfromUSAbecausethecu
44、stomswillnotallow.3%(2) Mr.Amayremitthemoneythroughabank.3%2. Answer：(1) TheforeignexchangerisksIBMwillmeetareasfollows:Transactionrisk;translationrisk;economicrisk1%foreach,3%totally.(2) howtomanagetheseforeignexchangerisks3%astotransactionrisk:theIBMmayuse:3. Answer(1) ShanghaiTextileCo.,Ltd.Canno
45、tgetthepayment.4%(2) Becausethepaymentmethodinthiscaseiscollection,whilethebankundercollectionhasnoobligationtomakepaymentaccordingtoURC522.2%VIPractice(18%)1. Answer:(1) SWIFT;documentary;negotiation;non-confirmed;irrevocable;sight答对4个或以上得满分，少于4个时每少1个扣05分(2) dateoftheissuance：Oct.15,1999expirydate:
46、Dec.15,1999timeofshipment:notlaterthanNov.30,1999timeforthepresentation:DOCUMENTSMUSTBEPRESENTEDWITHIN10DAYSAFTERTHEDATEOFISSUANCEOFTHESHIPPINGDOCUMENTSBUTWITHINTHEVALIDITYOFTHECREDIT.0.5%foreach,2%intotal(3) Answer:- COMMERCIALINVOICE,IN3copies- PACKINGLIST,INONEORIGINALAND5COPIES- CERTIFICATEOFCHI
47、NESEORIGIN,In2COPIES- beneficiary,scertificate,inOneCoPy- SPPLIERSAPPROVING,inOneCoPy- INSURANCEPOLICY,inonecopy- billoflading,in3copies- drafts,in2copies2. Answer:每个1分，共10分(1) BANKOFCHINA,SHANGHAI,NO.:20:ILC136107800,991015(2) SDS20170123(3) USD21240.00(4) Shanghai(5) Inblank*(7) NameofanybankinChina(8) SAYUSDOLLARSTWENTY-ONETHOUSANDTWOHUNDREDANDFORTYONLY.(9) THEINDUSTRlALBANKOFJAPAN,HEADOFFICESignature(学生姓名)SHANGHAIDASHENGCO.,LTD.UNITC2/FJINGMAOTOWER,SHANGHAI,CHINA.
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