[摘要]
4. Traveler s cheque P7

Non-trade settlement item; Difference between traveler’s cheque & L/C

☺●☺Credit cards P7—8

(1) Non-trade settlement item;

(2) Kinds:...

4. Traveler s cheque P7

Non-trade settlement item; Difference between traveler’s cheque & L/C

☺●☺Credit cards P7—8

(1) Non-trade settlement item;

(2) Kinds: ① Credit card/Debit card; ② Banking card/non-banking card ;

(3) five biggest Cos in the world: ① VISA International ② Master Card International; ③ American Express Company; ④ JCB Credit Card Company ⑤ Diners Club International.

II. Remittance

1. A brief introduction:

(1) a means of settlement

(2) Kinds: ① instruments of remitting M/T; T/T; D/D; ② inward / outward

2. Mail transfer & Telegraphic transfer P8—9

(1)Book-keeping for transfers of funds

UK Customer: outward remittance in GBP--- how to record ?

C ustomer AC Vostro AC

Dr. GBP xxxx │ │Cr. GBP xxxx

UK Customer: outward remittance in forCurrency--- how to record?

C ustomer AC Nostro AC

Dr. GBP xxxx │ │Cr. ForCurrency xxxx

III. Means of payment P9--15

1. Cash in advance P9--10

2. Open account P10

3. Collection P10--12

4. Documentary credit P12--15

IV. Collection P15--30

1. Outward Documentary Collection P15--25

2. Inward Documentary Collection P25--30

V. Documentary letter of credit P30--58

(I). Concepts of the Documentary Credit P30--35

1. An overview P30

2. Stages of a Documentary Credit P30--31

3. Review of the Documentary Credit application & Security Agreement by the Issuing Bank P31--33

4. Utilization of the Documentary Credit P33

5. Common Sense Rules for the Beneficiary P33--34

6. Honoring the Obligation under the Documentary Credit P34--35

(II). Types & Uses of the Documentary Credits P35--58

1. Types P35--36

(1) Irrevocable Documentary Credit P35

(2) Revocable Documentary Credit P35--36

2. Uses P36--58

(1) Irrevocable Straight Documentary Credit P36 (Specimen Refer to P37)

(2)Irrevocable Negotiation Documentary Credit P36--39

(3) Irrevocable Documentary Credit (Unconfirmed) P39

(Specimen Refer to P40-41)

(4) Irrevocable confirmed Documentary Credit P39--42

(Specimen Refer to P43-44)

(5) Revolving Documentary Credit P42--45

(6) Red Clause Documentary Credit P45

(7) Standby Credits P45--46

(8) Transferable Documentary Credit P47--54

(9) Assignment of proceeds P55--56

(10)Back-to-back Documentary Credit P57--58