國(guó)際支付與結(jié)算Exercise three

1、Exercise three n一、一、Translate the following terms into Englishn1 1、一般劃線支票：、一般劃線支票： General crossingGeneral crossing checkcheckn2 2、特殊劃線支票：、特殊劃線支票：Special crossing Special crossing checkcheckn3 3、過期支票：、過期支票：check is out of check is out of date n4 4、未到期支票：、未到期支票：Undated checkcheckn5 5、大小寫金額：、大小寫金額：wor

2、ds and figureswords and figuresn6 6、空白背書：、空白背書：blank endorsementn7 7、特別背書：、特別背書：special endorsement n8 8、限制性背書：、限制性背書：Restrictive endorsement:n9 9、跟單匯票：、跟單匯票：documentary billn1010、即期匯票：、即期匯票：sight bill n1111、遠(yuǎn)期匯票：、遠(yuǎn)期匯票：time bill or usance billn1212、承兌匯票：、承兌匯票：acceptance billn1313、可確定的未來某一天：、可確定的未來某一

3、天：determinable future timen1414、光票：、光票：clean billn1515、流通票據(jù)：、流通票據(jù)：negotiable instrumentn1616、貼現(xiàn)行：、貼現(xiàn)行：discounting housen1717、商人銀行：、商人銀行：commercial bankn1818、無條件的付款承諾：、無條件的付款承諾：An unconditional promise to payn1919、負(fù)連帶責(zé)任：、負(fù)連帶責(zé)任：implicative responsibility implicative responsibility n2020、出票后、出票后9090天付款

4、：天付款：At 90 days sight pay 二、二、Define the following terms n1.1. Negotiable Instrumentsn 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

5、 instrument and all the property it represents passes freely from equities to the transferee,providing the latter takes the instrument in good faith and value.n流通票據(jù)是一種法定的財(cái)產(chǎn)，這種財(cái)產(chǎn)的全部或法定的權(quán)益可流通票據(jù)是一種法定的財(cái)產(chǎn)，這種財(cái)產(chǎn)的全部或法定的權(quán)益可以通過交付進(jìn)行轉(zhuǎn)讓（憑轉(zhuǎn)讓方背書），其轉(zhuǎn)讓的結(jié)果是只要以通過交付進(jìn)行轉(zhuǎn)讓（憑轉(zhuǎn)讓方背書），其轉(zhuǎn)讓的結(jié)果是只要受讓人是正當(dāng)取得或者支付對(duì)價(jià)而取得該財(cái)產(chǎn)，該票據(jù)的全部受讓人是正

6、當(dāng)取得或者支付對(duì)價(jià)而取得該財(cái)產(chǎn)，該票據(jù)的全部所有權(quán)及其所代表的財(cái)產(chǎn)權(quán)益將轉(zhuǎn)移給受讓人。所有權(quán)及其所代表的財(cái)產(chǎn)權(quán)益將轉(zhuǎn)移給受讓人。n2. bill of exchangenA bill of exchange is an unconditioanl order, addressed by one person (the drawer)to another(the drawee)signed by the person giving it, requiring the person to whom it is addressed(the drawee, who when he signs beco

7、mes the acceptor) in writing to pay on demand,or at a fixed or determinable future time a sum certain in money to or to the order of a specified person, or to bearer(to payee. n匯票是一人開給另一人的無條件書面命令，由發(fā)出命匯票是一人開給另一人的無條件書面命令，由發(fā)出命令的人簽名，要求接受命令的人立即火災(zāi)可以確定的令的人簽名，要求接受命令的人立即火災(zāi)可以確定的將來時(shí)間把一定金額的貨幣支付給一個(gè)特定的人，或?qū)頃r(shí)間把一定金

8、額的貨幣支付給一個(gè)特定的人，或他的指定人，或持票人。他的指定人，或持票人。 n3. checknA check is an unconditional order in writing addressed by the customer(the drawer)to a bank(the drawee)signed by that customer authorizing the bank to pay on demand a specified sum of money to or to the order of a named person or to bearer(the payee).n

9、支票是由銀行開出，由出票人簽字，授權(quán)銀行對(duì)某支票是由銀行開出，由出票人簽字，授權(quán)銀行對(duì)某人或其指定人或持票人即期支付一定貨幣金額的無條人或其指定人或持票人即期支付一定貨幣金額的無條件支付命令。件支付命令。 n4. documentary bill:n it is a bill with shipping documents attached thereto.n跟單匯票就是匯票后面附有運(yùn)輸單據(jù)。跟單匯票就是匯票后面附有運(yùn)輸單據(jù)。n5. crossing5. crossingnA crossing is in effect an instruction to A crossing is in ef

10、fect an instruction to paying bank from the drawer or holder to pay paying bank from the drawer or holder to pay the fund to a bank only. Hence, such checks the fund to a bank only. Hence, such checks will not be paid over the counter of the will not be paid over the counter of the paying bank and m

11、ust be presented for payment paying bank and must be presented for payment by a collecting bank.by a collecting bank.n支票的劃線實(shí)際上是出票人或持票人提示付款銀行支票的劃線實(shí)際上是出票人或持票人提示付款銀行只能經(jīng)資金存入銀行帳戶的指示。因此，劃線支票不只能經(jīng)資金存入銀行帳戶的指示。因此，劃線支票不能在付款銀行取現(xiàn)，必須由代收行向付款行提示付款。能在付款銀行取現(xiàn)，必須由代收行向付款行提示付款。 三、三、decide whether the following statements

12、 are decide whether the following statements are true or falsetrue or false n1. 1. In a In a Promissory note , the drawer and the payer are the same person( T )n2. A Promissory note is an unconditional order in writing .( F )n3. There is no acceptor in a Promissory note .( T )n4. A bank draft is a 4

13、. A bank draft is a checkcheck drawn by one bank on drawn by one bank on anotheranother .( F )n5. A trade bill is usually a 5. A trade bill is usually a documentary bill ( F ) ( F )n6. The interest in a bill of exchange can only be 6. The interest in a bill of exchange can only be transferred by end

14、orsement( T )transferred by endorsement( T )n7. An endorser of a bill is liable on it to subsequent 7. An endorser of a bill is liable on it to subsequent endorsers and holders of the bill( T )endorsers and holders of the bill( T )n8. The person who draws the bill is called the 8. The person who dra

15、ws the bill is called the drawer( T )drawer( T )n9. Bill of exchange drawn by and accepted by commercial 9. Bill of exchange drawn by and accepted by commercial firms are known as trade bills( F )firms are known as trade bills( F )n10. Trade bills are usually documentary bills(F )10. Trade bills are

16、 usually documentary bills(F ) n11. 11. Endorsements are needed when checks in favor of a Endorsements are needed when checks in favor of a sole payee are credited to a joint account ( F ) sole payee are credited to a joint account ( F ) n12. An open check can be paid into a bank account ( T )12. An

17、 open check can be paid into a bank account ( T )n13. An open check can be cashed over the account (T)13. An open check can be cashed over the account (T)n14. A crossed check can be cashed over the account (F14. A crossed check can be cashed over the account (Fn15. The payment of a check cannot depe

18、nd upon certain 15. The payment of a check cannot depend upon certain conditions being met(T )conditions being met(T )n16. In a check, the drawer and the payer are the same 16. In a check, the drawer and the payer are the same person(F )person(F )n17. If a check is presented undated, the payee can i

19、nsert 17. If a check is presented undated, the payee can insert a date(F )a date(F )n18. A draft is a conditional order in writing(F )18. A draft is a conditional order in writing(F )n19. If a bill is payable “at 30 days after date”, the 19. If a bill is payable “at 30 days after date”, the date of

20、payment is decided according to the date of date of payment is decided according to the date of acceptance(F )acceptance(F )n20. A bill payable “at 90 days after date” is a sight 20. A bill payable “at 90 days after date” is a sight bill(F )bill(F )四、四、Choose the best answer to each of the Choose th

21、e best answer to each of the following statementsfollowing statements n1.1. The person paying the money is a _ D _ of a check.The person paying the money is a _ D _ of a check.nA. payee B. endorser C. drawer D. endorseeA. payee B. endorser C. drawer D. endorseen2. A check is valid for _ A _ months f

22、rom the date of 2. A check is valid for _ A _ months from the date of issue, unless a shorter period is written on the face issue, unless a shorter period is written on the face of it.of it.nA. six B. nine C. three D. oneA. six B. nine C. three D. onen3. If a check dated 1th Feb. 2001 was presented

23、on the 3. If a check dated 1th Feb. 2001 was presented on the 5 5thth Nov. 2000, it would be_ C _. Nov. 2000, it would be_ C _.nA. pre-dated B. out of date C. post dated D. A. pre-dated B. out of date C. post dated D. undatedundatedn4. If a check dated 1th Feb. 2001 was presented on the 4. If a chec

24、k dated 1th Feb. 2001 was presented on the 5 5ththOct. 2001, it would be_ B _.Oct. 2001, it would be_ B _.nA. pre-dated B. out of date C. post dated D. A. pre-dated B. out of date C. post dated D. undatedundated n5. 5. The effect of a blank endorsement is to make the The effect of a blank endorsemen

25、t is to make the check payable to the _ C _.check payable to the _ C _.nA. order of a specified person B. specified personA. order of a specified person B. specified personnC. beraer C. beraer D. named personD. named personn6. Banks usually ask for endorsements when checks in 6. Banks usually ask fo

26、r endorsements when checks in favor of _ B _payees are credited to a _account.favor of _ B _payees are credited to a _account.n A. joint- joint B. joint-sole A. joint- joint B. joint-sole n C. sole_ joint D. sole -sole C. sole_ joint D. sole -solen7. “Payee J. Smith endorsed James Smith pay to 7. “P

27、ayee J. Smith endorsed James Smith pay to L.Green”, this is a_ A _ endorsement.L.Green”, this is a_ A _ endorsement.nA. specific B. blank C. general D. restrictiveA. specific B. blank C. general D. restrictiven8. If a bill is payable “60 days after date”, the date If a bill is payable “60 days after

28、 date”, the date of payment is decided according to_ C _.of payment is decided according to_ C _.nA. the date of acceptance B. the date of A. the date of acceptance B. the date of presentationpresentationnC. the date of the bill D. the date of maturityC. the date of the bill D. the date of maturityn

29、9.9. A_ A _ carries comparatively little risks A_ A _ carries comparatively little risks and can be discounted at the finest rate of and can be discounted at the finest rate of erest.nA. sight bill B. blank bill C. commercial A. sight bill B. blank bill C. commercial bill D. trade billbi

30、ll D. trade billn2.2. A term bill may be accepted by the _ B .A term bill may be accepted by the _ B .nA. drawer B. drawee A. drawer B. drawee C. holder D. payeeC. holder D. payeen11. The party to whom the bill is addressed is 11. The party to whom the bill is addressed is called the _ B _.called th

31、e _ B _.nA. drawer B.drawee A. drawer B.drawee C. holder D. payeeC. holder D. payeen12. When financing is without recourse, this 12. When financing is without recourse, this means that the bank has no recourse to _ D means that the bank has no recourse to _ D _if such drafts are dishonored._if such

32、drafts are dishonored.nA. payer B.drawee A. payer B.drawee C. payee D. drawerC. payee D. drawern13. 13. Only by endorsement can the interest in the bill be Only by endorsement can the interest in the bill be transferred by_ D _.transferred by_ D _.nA. the drawer B. payee or drawee A. the drawer B. p

33、ayee or drawee C. payee or bearer D. C. payee or bearer D. holder or drawerholder or drawern14. 14. A Promissory note is “inchoate” until it has been delivered to the _ C C _.nA. payer or bearer B. payee or draweeA. payer or bearer B. payee or drawee C. payee or C. payee or bearer D. holder or drawe

34、rbearer D. holder or drawern15. The _ C _of a 15. The _ C _of a Promissory note has prime liability while the other parties have secondary liability.nA. holder B. drawee A. holder B. drawee C. maker D. acceptorC. maker D. acceptorn16. An acceptance with the wording “payable on 16. An acceptance with

35、 the wording “payable on delivery of bill of lading” is _ B _.delivery of bill of lading” is _ B _.nA. a general acceptance B. qualified acceptanceA. a general acceptance B. qualified acceptancen C. non acceptance D. partial acceptance C. non acceptance D. partial acceptancen17. _ 17. _ B _must be a

36、ccepted by the draweeB _must be accepted by the drawee before payment. before payment.nA.A sight bill B.A bill payable xx days after sightA.A sight bill B.A bill payable xx days after sightnC. C. A Promissory note D. A bill payable xx days after date D. A bill payable xx days after daten18. A(n) _ A

37、 _ is a financial document.18. A(n) _ A _ is a financial document.nA. bill of exchange B. bill of ladingA. bill of exchange B. bill of ladingnC. insurance policy D. commercial invoiceC. insurance policy D. commercial invoicen19.In order to retain the liabilities of the other 19.In order to retain th

38、e liabilities of the other parties, a bill that has been dishonored must be_ A _.parties, a bill that has been dishonored must be_ A _.nA. protested B. given to the acceptorA. protested B. given to the acceptornC. retained in the files D. presented to the advising C. retained in the files D. present

39、ed to the advising bankbankn20. “A check payable to ABC Company is credited to the 20. “A check payable to ABC Company is credited to the personal account of Mr. Li”, the bank_ D _.personal account of Mr. Li”, the bank_ D _.nA.A. is correct in crediting the account is correct in crediting the accoun

40、t nB.B. is merely doing what is requested by itsis merely doing what is requested by itsnC.C. has committed an act of negligence has committed an act of negligence nD.D. will make a claim on its principlewill make a claim on its principlen五、五、Reading the following draft and give your Reading the fol

41、lowing draft and give your answer to each of the following questions.answer to each of the following questions.nExchange for: nGBP5000.00 Shanghai Jan 15 ,2000nAt 90 days sight pay this first bill (second unpaid) to the order of the Bank of China, nThe sum of five thousand pounds only.nTo:nABC compa

42、ny For China Natioanl Crafts Import & ExportnLondon Corporation, S. Bn signedn1. who is the drawer?nFor China Natioanl Crafts Corporation, S. Bn2. who is the drawee?nABC company Import & Exportn3. who is the payee?nthe order of the Bank of Chinan4.Is this a demand draft or a tenor draft? nte

43、nor draft (At 90 days sight )n5.Is this a sola bill or a bill of exchange in two sets?n two sets first bill (second unpaid) n6.where is the bill drawn? Chinan六、六、Please draw a draft according to Please draw a draft according to the following conditions.the following conditions.nDrawerDrawer：ABC Company, shanghai ABC Company, shanghai nDraweeDrawee：DEF Bank, New YorkDEF Bank, New YorknDate of issue: August