国际支付与结算答案

Chapter one

I.

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 5. the major participants in international trade

6. the commodity inspection clause

7. to fulfill the obligation to deliver the goods

8.The goods have passed over the ship’s rail

9.The goods have passed over the ship’s rail

10.International contract is concluded in a completely different context than domestic

ones

II.

1.local legal system, political, exchange risks

2.payment in advance, open account, remittance and collection

3.letter of credit, bank guarantee

4.price terms, delivery terms

5.minimum, maximum

6.Advance payment

7.Open account

8.clean collection, documentary collection

IV.

1. F

2. F

3. T

4. T

5. T

6. T

7. F

8. T

9. T 10. F

V.

1. B

2. C

3. C

4. B

5. D

6. D

7. A

8. C

9. C 10. C

11. B 12 D 13. D 14. C 15. D

16. D 17. C 18. A 19. C 20. D

Chapter Two

I.

1.barter

2.medium of exchange

3.expensive, risky

4.our

5.V ostro

6.vostro

7.nostro

8.specimen of authorized signatures,telegraphic test keys, terms and conditions,

Swift authentic keys

IV.

1. T

2. F

3. F

4. T

5. F

V.

1. B

2. C

3. D

4. A

5. D

6. B

7. B

8. D

9. A 10. B

Chapter Three

I.

1. generally crossed check

2. specially crossed check

3. a check that is out of date

4. post dated check

5. amount in words

6. blank endorsement

7. special endorsement 8. restrictive endorsement

9. documentary bill 10. sight draft

11. usance/term bill 12. acceptance bill

13. determinable future date 14. clean bill

15. negotiable instrument 16. discounting house

17. merchant bank 18. unconditional promise of payment 19. joint and severally responsible 20. payable 90 days after date

III.

1. T

2. F

3. T

4. T

5. T

6. F

7. T

8. T

9. T 10. T

11. T 12. T 13. T 14. F 15. T

16. T 17. T 18. F 19. F 20. F

IV.

1. C

2. A

3. C

4. B

5. C

6. B

7. A

8. C

9. B 10. B

11. B 12. D 13. C 14. C 15. C

16. B 17. B 18. A 19. A 20. C

V.

1.China National Crafts Import & Export Corp.

2.ABC Company

3.the Bank of China

4.Tenor draft

5.In two sets

6.Shanghai

VII.

Chapter Four

I.

1. beneficiary

2. payment order, mail advice or 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 crediting his account

5. debits

credits

6.demand draft

7. act of dishonor

8. Swiftness, reliability, safety, inexpensiveness

9. debiting remitting bank’s nostro account

10. delivery of the goods

III.

1.remittance advice

2.outward remittance

3.international money order

4.current account

5.automated payment system

6.in cover

7.letter of indemnity8.mail advice

9.non-negotiable copy of draft10. down payment IV.

1B 2C 3A 4B 5D Chapter Five

I.

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,

5.inward collection

7. the remitting bank

8. trust receipt

9. D/P at sight

10.documents, draft, and collection order

IV.

1A 2B 3C 4A 5B

Chapter Six

II.

1. F

2. T

3. T

4. F

5. T

6. F

7. F

8. T

9. T 10. F

11. T 12. T 13. F 14. F 15. T

IV.

1. B

2. C

3. D

4. B

5. A

6. D

7. D

8. C

9. C 10. C

11. D 12. D 13. A 14. D 15. B

16. D 17. D 18. D 19. A 20. B

Chapter Seven

I.

https://www.360docs.net/doc/9813978250.html,pleteness, correctness, consistency

2.underlying transaction

3.authorized signatures, test key

https://www.360docs.net/doc/9813978250.html,ply with, be consistent

5.ISO currency code

III.

1. F

2. F

3. F

4. T

5. T

6. T

7. F

8. T

9. F 10. T

IV.

1. B

2. D

3. C

4. B

5. C

6. C

7. A

8. A

9. D 10. D

11. A 12. D 13. D 14. A 15. B

Chapter Nine

I.

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 client’s accounts receivables

7.financial and administration

8.the invoice date

the customer makes his payment.

9.market conditions and his assessment of the risks involved in a particular

transaction.

10. fluctuations in the exchange rate

in the status of the debtor

III.

1. contingent liability

2. credit limit

3. supplier credit

4. without recourse

5. credit approval

6. capital goods

7. buyer credit guarantee 8. forfait facility

9. trade barrier 10. bulk purchase discount

IV.

1. B

2. A

3. D

4. C

5. D Chapter Ten

I.

1.secure mechanism for payment

default instrument

2.party tendering

the contract has been awarded

3. presentation of the beneficiary's demand and stipulated documentation

4. issue a guarantee directly to the beneficiary

5. Unconditional bonds

6. withdraw its bid

accept the award of contract in its favor

between 2% and 5%

7.UCP for documentary credits

Uniform Rules for Demand Guarantee.

8.An advance payment

9.borrower (the principal)

the lender (the beneficiary)

10. counter indemnity

IV.

1. B

2.A

3. A

4. D

5. C