Background and terminology 1)》 collection:托收 the practice of presenting checks,drafts, and other negotiable instruments to the point of origin,and receiving payment from the paying bank.The term covers cash items such as checks and drafts, and also non-cash items,including acceptances,bonds,and notes, which are referred to as Collection Items. 制价爱行蜀多大考
Background and terminology Background and terminology 1 ） collection: collection: 托收 the practice of presenting checks, drafts, the practice of presenting checks, drafts, and other negotiable instruments to the and other negotiable instruments to the point of origin, and receiving payment point of origin, and receiving payment from the paying bank. The term covers from the paying bank. The term covers cash items such as checks and drafts, cash items such as checks and drafts, and also non and also non -cash items, including cash items, including acceptances, bonds, and notes, which acceptances, bonds, and notes, which are referred to as Collection Items. are referred to as Collection Items
Background and terminology 2） documentary collection:跟单托收 as a banking practice,in the Buyer's and Seller's country a bank acts for the Seller by presenting commercial documents (like invoices,the bill of lading,etc)to the Buyer along with a payment demand (usually a bill of exchange.) 制价爱行蜀易大考 15
Background and terminology Background and terminology 2) documentary collection: 跟单托收 as a banking practice, in the Buyer's and Seller's country a bank acts for the Seller by presenting commercial documents (like invoices, the bill of lading, etc) to the Buyer along with a payment demand (usually a bill of exchange.)
Background and terminology 3)draft,or bill of exchange:汇票 an unconditional order in writing,addressed by the Drawer (Seller)to the Drawee (Buyer). signed by the party giving it (Drawer)a and requiring the party to whom it is addressed (Drawee)to pay on demand or at a fixed future date,a pre-determined sum of money to Drawer or another specified party or to Bearer (holder of the bill of exchange) 贵价爱所简易大孝
Background and terminology Background and terminology 3) draft, or bill of exchange: 汇票 an unconditional order in writing, addressed by the Drawer (Seller) to the Drawee (Buyer), signed by the party giving it (Drawer) and requiring the party to whom it is addressed (Drawee) to pay on demand or at a fixed future date, a pre-determined sum of money to Drawer or another specified party or to Bearer (holder of the bill of exchange)