Main points of the text 1.Collection does not use a bank's credit. 2.A draft plays an extraordinary role in documentary collection 3.A draft is an unconditional order, requiring the person to whom it is addressed to pay on demand or at a fixed or determinable future a sum certain in money to order or to the bearer. 制价爱行蜀易大考
Main points of the text Main points of the text 1. Collection does not use a bank’s credit. 2. A draft plays an extraordinary role in documentary collection 3. A draft is an unconditional order, requiring the person to whom it is addressed to pay on demand or at a fixed or determinable future a sum certain in money to order or to the bearer. B
Main points of the text 4.The three parties involved in the operation of a draft,the drawer,or the exporter,the drawee,or the importer,and the payee,usually the bank. 制价爱行蜀易大考 15
Main points of the text Main points of the text 4. The three parties involved in the operation of a draft, the drawer, or the exporter, the drawee, or the importer, and the payee, usually the bank. B
Main points of the text 1.How documentary collection operates. 2.Documents against payment and documents against acceptance 3.Risks to be run when documents against acceptance is employed 贵价爱所質易大考
Main points of the text Main points of the text 1. How documentary collection operates. 2. Documents against payment and documents against acceptance 3. Risks to be run when documents against acceptance is employed C
Main points of the text Factors one should consider when deciding whether to employ documentary collection 制价爱行蜀易大考 15
Main points of the text Main points of the text Factors one should consider when deciding whether to employ documentary collection D
尉所委所贺易大考 1 Background terminology
Background & Background & terminology terminology