International-Settlements-国际结算-教学课件-诸论.ppt

1、International Settlements 1.1.Welcome!1.2.About the teacherName:李欢丽(Ashley)E-mail Add:AQQ:52096307Office:1419Office time:8:00 am-4:30pmTelephone:372151971.3.Course Overview Part 1:Financial Instruments 1)bill of exchange 2)promissory note 3)check money?Functions and Acts of financial instruments wil

2、l be discussed the relative laws concerning the financial instrument will be introduced.Question How many parties will be involved in international trade?BuyerSellerBuyers bankSeller s bankPart 2:Intrnational Settlement Methods1)Remittance:by T/T 电汇电汇by M/T 信汇信汇by D/D 票汇票汇2)Collection:By D/P at sigh

3、t 即期付款交单即期付款交单By D/P after sight 远期付款交单远期付款交单By D/A 承兑交单承兑交单 3)Letter of Credit Question 1.settlement on commercial credit基于商业信用的结算基于商业信用的结算2.settlement on bank credit基于银行信用的结算基于银行信用的结算If you are the buyer/seller,which settlement method will be your favorite?Part 3,The documents under letter of cred

4、it 1)commercial invoice2)transport documents:B/L 3)insurance documentsGoods?1.3.Course Overview1.4.Schedule1周周:课程简介课程简介,国际结算概述国际结算概述2-4周周:信用工具信用工具5-6周周:国际银行汇兑国际银行汇兑7,8,9周周:托收结算方式托收结算方式10-15：信用证结算方式：信用证结算方式16-17：信用证下的单据：信用证下的单据期末复习期末复习 1.5 Reference1.课本课本(1)苏宗祥苏宗祥,国际结算国际结算，中国金融出版社，中国金融出版社(附全英文练习及答案附全

5、英文练习及答案);(2)张燕玲张燕玲,国际结算业务指南国际结算业务指南，中国工商联合出版社，中国工商联合出版社(3)爱德华爱德华.G.辛克尔曼辛克尔曼,顾继红顾继红,周林译周林译,国际结算国际结算，经济科学出版社，经济科学出版社(4)高程德，高程德，国际票据管理国际票据管理，北京大学出版社，北京大学出版社(5)票据结算与托收法律风险防范票据结算与托收法律风险防范2.网站网站(1)http:/www.xiaoye.org/(2)http:/ The objectives of the course.Understand the terms and connections among differ

6、ent terms Grasp the diagram of each settlement method Can fill/telex/fax and examine the application,letter,cable,SWIFT,etc.Understand international customs and practice for international settlements.Thank you!I sincerely hope that you put forward some criticism and valuable suggestions.第一章第一章序论：国际结

7、算简介序论：国际结算简介 1.1.Definition 定义1.2.Evolution 演变1.3.Characteristics 性质1.4.Major Points Concerning 应注意的主要问题1.5.Correspondent Banking Relationship 代理行关系 2.1.Definition 国际结算是国际间由于经济、文化、科技交国际结算是国际间由于经济、文化、科技交流而产生的以货币表示的债权债务的清偿行流而产生的以货币表示的债权债务的清偿行为。为。指以指以银行银行为中介为中介进行进行国际间资金调拨国际间资金调拨，以结算位于不同国家和地区之间的两以结算位于不同

8、国家和地区之间的两个或两个以上当事人间个或两个以上当事人间债权债务债权债务的一的一种活动。种活动。币种币种?如何产生如何产生?流程流程?Importer/Importer/Buyer Buyer ExporterExporters sbankbankFundsFundsGoods/commoditiesGoods/commoditiesExporter/Exporter/Seller Seller ImporterImporters sbankbank国际结算基本流程国际结算基本流程Shipping Co.FundsFundsGoodsGoods国际通用国际通用货币货币完全完全可自由可自由兑换

9、兑换的货币的货币有限自由有限自由兑换的货币兑换的货币完全完全不可自由不可自由兑换兑换的货币的货币?2.如何选择币种?Currency 1.currency of the exporters country:_ 2.currency of the importers country:_ 3.currency of a third country:GBP Principle for International settlementsEach currency is cleared within the boundary of the issuing country.任何货币的清算都必须在该货币发行

10、国任何货币的清算都必须在该货币发行国A Co.(exporter)USAB Co.(importer)JapanChemical BankUSASumitomo BankJapan(1)Convertible currency of the exporters country(2)Convertible currency of the importers country(3)Convertible currency of a third country 既要考虑到兑换性,又要考虑到安全性.如果是第三国的货币,选软货币,还是硬币?Most international settlements or

11、iginate from transaction in the world trade.How many international transactions can you list?3.债权债务是如何产生的呢?经常项目经常项目:1.visible trade有形贸易有形贸易2.invisible trade无形贸易无形贸易:patent 专利专利 copyright contract版权合同版权合同 technology transfer技术转让技术转让3.others 1)overseas remittances 海外汇款海外汇款 2)educational expenses教育开支教育

12、开支 3)inheritances遗产继承遗产继承资本和金融项目资本和金融项目:financial transaction金融交易金融交易 foreign exchange market transactions金融市场交易金融市场交易 export credits出口信贷出口信贷 syndicated loans辛迪加贷款辛迪加贷款 international bond 国际债券国际债券经常账户经常账户/经常项目经常项目Current Account1.货物和服货物和服务务Goods&Servicea.货物货物Goods 有形贸易有形贸易 贸易结算贸易结算b.服务服务 Serviced 无形

13、贸易无形贸易 非贸易结算非贸易结算2.收入收入Income3.经常转移经常转移 Current Transfer/Unilateral Current Transfer资本和金融账户资本和金融账户Capital and Financial Account1.资本账户资本账户Capital Account 2.金融账户金融账户Financial Account(1)直接投资直接投资Direct Investment(2)间接投资间接投资Indirect Investment(3)证券投资证券投资Portfolio Investment(4)其它投资其它投资 Other Investment 国际

14、储备国际储备International Reserve净误差与遗漏净误差与遗漏 Net Error&Omission160,818,31162.963,91658,862,1241.2.Evolution 演变1.2.1 从现金结算演变为非现金结算1.2.2 商品买卖发展到单据买卖1.2.3 从买卖双方直接结算发展到买卖通过银 行结算 Barter transaction6 century B.C.5 century B.C.coinsbarsbullionsPrecious metals 13 century A.D.Bill of exchangeForeign exchange bank

15、13 century A.D.end of 18 century A.D.Foreign exchange market1.3.Characteristics of the modern international settlements1、国际结算中的非信用证结算方式正取代信用证、国际结算中的非信用证结算方式正取代信用证结算方式。（买方市场）结算方式。（买方市场）2、国际结算单据日趋多样化、复杂化。、国际结算单据日趋多样化、复杂化。3、国际结算走向电子化、标准化，提高了结算效、国际结算走向电子化、标准化，提高了结算效率。率。4、国际贸易结算的法律规范日益健全，国际惯例、国际贸易结算的法律规范

16、日益健全，国际惯例、公约在结算中起着重要作用。公约在结算中起着重要作用。Domestic SettlementDomestic Settlement International settlementsInternational settlementssettlementsettlementInternational Trade SettlementInternational Trade SettlementInternational Non-Trade SettlementInternational Non-Trade SettlementInstrumentsInstrumentsMetho

17、dsMethodsDocumentsDocumentsRulesRulesExchangeExchangeMain methodsMain methodsOther methodsOther methodsbasicbasicAdditionalAdditionalPromissory Promissory notenoteCheckCheckRemittanceRemittanceLetter ofLetter of credit creditCollectionCollectionFactoringFactoringLetter of Letter of guaranteeguarante

18、eForfeiting Forfeiting Standby letter Standby letter of creditof creditInvoiceInvoiceBill of Bill of LadingLadingInsurance Insurance documentsdocumentsPackingPacking list listWeightWeight memo memoCertificate ofCertificate of Original Original All kinds ofAll kinds of Certificates CertificatesURGURG

19、UCPUCPURCURCExperimental bookP11.4 Correspondent Banking Relationship1.4.1 Definition of correspondent bank代理行代理行A bank having direct connection or friendly service relations with another bank.The bank may open deposit accounts with,and entrust business to each other on a reciprocal basis.互惠的互惠的,相应的

20、相应的When selecting a bank as a correspondent bank,what factors should be taken into account?The reputation of the bank;银行资信银行资信 Size of the bank;规模规模 Location of the bank;位置位置 Services offered by the bank;服务服务 Fundamental policies and strength of the bank;基本政策和优势基本政策和优势 Physical features and personne

21、l;特点及员工特点及员工 Momentum of early start,etc.发展势头发展势头Agency arrangementControl documentsHow to establish a correspondent relationship between two banks?1.4 Correspondent Banking Relationship1.4.2 Control Documents 控制文件控制文件Lists of specimen of authorized signatures印鉴印鉴往来信函的核对往来信函的核对 Telegraphic test keys

22、密押密押往来电文的核对往来电文的核对 Terms and conditions费率表费率表收费标准收费标准 SWIFT authentic key验证码验证码2.4 Correspondent Banking Relationship2.4.3 Inter-bank account（1）Nostro 往账往账 我行在它行开立的存款账户。我行在它行开立的存款账户。（2）Vostro account 来账来账 它行在我行开立的存款账户。它行在我行开立的存款账户。Nostro account:is the foreign currency account(due from account)of a

23、major bank with the foreign banks abroad to facilitate international settlements.From the point of Bank of China,a nostro account is our banks account in the books of an overseas bank,denominated in foreign currency.USD AccountBank of New YorkBank of China 往往账账Vostro account:is the domestic currency

24、 account(due to account)held by a bank on behalf of a correspondent bank.From the point of view of Bank of China,a vostro account is an overseas banks account with us,denominated in RMB.Bank of ChinaHongkong and Shanghai Banking Corporation,Ltd.,Hong KongRMBAccount 来来账账A BankB BankCurrent a/c XXXB B

25、anks currencyA/C XXX is A Banks _a/c,is B Banks _a/c.A BankB BankCurrent a/c XXXA Banks currencyA/C XXX is A Banks _a/c,is B Banks _a/c.现金账户现金账户DepositorBankCurrent a/c XXXDepositorBankCurrent a/c XXXDepositoryBank账户行账户行开户开户行行存款客户存款客户账户账户行行(2)Samples of reimbursement methods In cover,we have credite

26、d the sum to your account with us.Please debit the sum to our account with you.In cover,we have authorized The bank of Tokyo,New York to debit our account and credit your account with them.In cover,please reimburse yourselves to the debiting of our account with The Bank of Tokyo,New York.贷记贷记借记借记头寸头

27、寸accounting bankcorrespondent bank1.4 Correspondent Banking Relationship1.4.4 Services provided by correspondents(1)Collecting checks,drafts,and other credit instruments;(2)Making loan or investments as agent for their customer banks;(3)Making credit investigations of firms that borrow in the open market;(4)Providing banks with foreign exchange facilities,including commercial and travelers checks;(5)Providing banks with funds/loans in case of need.