金融专业英语Lesson7 银行的国际贸易支付与结算范文.docx

金融专业英语Lesson7银行的国际贸易支付与结算范文

第一篇：金融专业英语Lesson7银行的国际贸易支付与结算范文Lesson7MethodsofPaymentsandSettlementsofInternationalTradeinBanksIncontractsforthesaleofgoodsabroad,thetermsofpaymentofthepurchasepriceandthemethodsofsettlementarematterstobenegotiatedbetweentheexporterandthebuyer.Thedesireoftheexporteristoobtainthepurchasepriceassoonaspossibleandnottopartwiththedocumentsoftitletothegoodsbeforehereceivespayment,or,atleast,beforeheiscertainthathisdrafthasbeenaccepted;whilethebuyer,ontheotherhand,wishestopostponepaymentofpurchasepriceuntilhehasanopportunityofresellingthegoods.Asaresult,thefollowingprincipalmethodsofpaymenthavebeenputintouse:1.PaymentonOpenAccount:Whentheexporteriswellacquaintedwiththefinancialstatusofthebuyerandentertainsnodoubtabouthissolvency,orwhentheexportersellsgoodstohisownoverseasbranchorsubsidiary,hemaybepreparedtoshiphisgoodsonopenaccount.Underthisdevice,theexportersendshisshippingdocumentstothebuyerwhoremitsinduecourseoratagreedintervalstheagreedpriceeitherbyT/T,orbyM/T,orbyD/Dthroughabank.Theexportermakesnoprecisedateforpaymentofthegoodsshipped.Instead,heispreparedtorelyonhispastexperienceofbuyer'sintegritytoeffectsettlementatthepropertime.2.CollectionofDocumentaryBillsThroughBanks:Adocumentarybillisabillofexchangeaccompaniedbydocumentsoftitletogoods.Itisdrawnforthepriceofthegoods.Thedocumentsoftitleareusuallyabillofladingandaninsurancepolicyorcertificate,togetherwithacommercialinvoice,acertificateoforigin,etc.Theremittingbankshouldexaminethedocumentstoseethattheypurporttobewhattheyoughttobe.Itisaninternationalpracticethatthebankisnotresponsibleforthegenuinenessofthedocuments.Thedocumentsareusuallypreparedintwosets.Theoriginalsetisdispatchedtotheremittingbank'sbranchorcorrespondentforpresentationtothedraweeforpaymentorforacceptanceaccordingtothetermofthebillofexchange.Thesecondorduplicatesetfollowsbyalatermailandwillonlybemadeuseofifthefirstororiginalsethappenstobelost.Documentarybillsaresometimesmarkedwith“DocumentsuponPayment(D/P)”or“Documentsupo