Part five International Exchange and Methods of remittance
Part Five International Exchange and Methods of Remittance
Chapter One Outline of International Exchange Specified method and condition Transfer funds from one part to another Avoid trouble of delivering cashes, accelerate settlement, make full use of exchange promote development of economy and make foreign exchange bank become clearing center getting considerable fees
Chapter One Outline of International Exchange • Specified method and condition • Transfer funds from one part to another • Avoid trouble of delivering cashes, accelerate settlement , make full use of exchange, promote development of economy and make foreign exchange bank become clearing center getting considerable fees
International Exchange 国际汇兑是通过把一个国家的货币兑换成另一种 货币,并借助各种信用工具,将货币资金转移到 另一个国家,以清偿国际间由于贸易或非贸易往 来产生的债权债务关系的专门性经菅活动。 广义:国际汇兑是国际结算行为; 狭义:国际汇兑特指国际银行间的汇款业务
International Exchange • 国际汇兑是通过把一个国家的货币兑换成另一种 货币，并借助各种信用工具，将货币资金转移到 另一个国家，以清偿国际间由于贸易或非贸易往 来产生的债权债务关系的专门性经营活动。 • 广义:国际汇兑是国际结算行为； • 狭义:国际汇兑特指国际银行间的汇款业务
Remittance reverse remittance Transference of instruments results in oversea transference of funds Transference of instruments falls into two kinds. Remittance(顺汇,汇付法) payer or debtor gives funds to bank on his own initiative, entrusting the bank to use instruments transferring funds to payee or creditor
Remittance & Reverse Remittance • Transference of instruments results in oversea transference of funds. • Transference of instruments falls into two kinds: • Remittance（顺汇,汇付法） payer or debtor gives funds to bank on his own initiative, entrusting the bank to use instruments transferring funds to payee or creditor
Procedure Debtor Instruments Active Claimant Payment Importer Bank Exporter Drawee Money Money P avee Instrument and funds move in same direction Typical business: remit funds(T/T, MT,dD
Procedure Instrument and funds move in same direction Typical business: remit funds(T/T, M/T, D/D) Debtor Importer Drawee Bank Claimant Exporter Payee Instruments Active Payment Money Money