《国际结算（双语）》试卷B及参考答案.docx

InternationalSettlement试卷BIChoosetheBestAnswerforEachQuestion.(10%)1. Totheimporter,themostfavorablemethodofsettlementis().A.letterofcreditB.openaccountC.cashinadvanceD.collection2. Internationalcashsettlementhasthefollowingdisadvantagesexcept().A.expensiveB.riskyC.safeD.time-consuming3. CHAPSistheelectronicclearingsystemfor().A.GBPB.USDC.CNYD.EUR4. FromaChinesebank,spointofview,thecurrentaccountmaintainedbyaforeignbankwithhimisknownas().A.anostroaccountB.avostroaccountC.acurrentaccountD.aforeigncurrencyaccount5. Documentarycreditbusinessissubjectto().A.UCP600B.URC522C.URDG758D.ISP986. Thebillwhichmustbepresentedforacceptanceis().A.thebillpayableatxxdaysafterdateB.thebillpayablexxdaysaftersightC.thebillpayableonafixeddateD.thebillpayableatsight7. Itwillbemoreconvenientifthecollectingbankappointedbytheseller().A.isalargebankB.istheremittingbank,scorrespondentintheplaceoftheimporterC.isintheexporter9scountryD.actsontheimporter9sinstructions8. UnderDA,thedocumentswillnotbedeliveredtothebuyeruntil().A.thegoodshavearrivedB.thedocumentshavearrivedC.thedocumentsarepresentedtothebuyerD.thebillisacceptedbythebuyer9. OfthefollowingkindsofL/C,()istheL/Cwhichrequiresnodraftsatall.A.sightpaymentcreditB.deferredpaymentcreditC.acceptancecreditD.negotiationcredit10. Underletterofcredit,theprimarydebtoristhe().A.applicantB.importerC.issuingbankD.nominatedbankIITrueorFalse.(10%)11. Theactwhichisneverinvolvedinpromissorynotebusinessisacceptanceo12. Theacceptorofabillisthepersonwhooriginallynamedasthedraweeofthebill.13. T/Tisnotamethodofremittance.14. Openaccountasapaymentmethodisusuallyusedwhengoodsaresoldunderthebuyer,smarketcondition.15. Itwillbemoreconvenientifthecollectingbankappointedbytheselleristheremittingbank,scorrespondentintheplaceoftheimporter.16. UnderDP,thedocumentswillnotbedeliveredtothebuyeruntilthegoodshavearrived.17. Abillofexchangewhichisaccompaniedbyshippingdocumentsisknownasacleanbill.18. Indocumentarycollection,afterthegoodshavebeenshipped,theexporterpresentsthedocumentstothecollectingbankforcollection.19. Incollectionbusiness,thedrawerofthedraftforcollectionisthebuyer.20. Incollectionbusiness,thedraweeofthedraftforcollectionisthebuyer.IllExplainthefollowingconcepts.(18%)21. SWIFT22. URC52223. Internationalfactoring24. present25. standbyL/C26. chequeIVAnswerthefollowingquestions(20%)27. Whatarethepotentialactsrelatedtothedraft(orwhatarethepotentialstepsforthecirculationofthedraft?)28. DescribethegeneralprocedureofT/Twithafigureorgraph.Besides,someadditionalexplanationforthefigure/graphisnecessary.VCaseStudy(20%)29. Whatisforeignexchangerisk?Pleaselistthemethods(atleastsixkinds)toavoidtheforeignexchangerisks.AnexportcompanyinChinausedtoexportreddatestoBrazil.TheL/CestablishedbythebankinBrazildescribesthegoodsasGrade2Soybeans".Atthemoment,“Grade2Soybeans"wereoutofstock.Theexporterdecidedtoship"Grade,insteadof“Grade2''tomeetthedemandofthemarket.OntheinvoicemarkedGrade1Soybeans,priceasperGrade2”.Thebeneficiaryhadthoughtthattheimporterwouldnotshowanyobjectionaboutthis.Sodidthenegotiatingbank.However,onthecontrary,boththeopeningbankandtheimporterrefusedtomakethepayment.Whatwasmore,theimporterevendemandedcompensationforthelosscausedbytheexporter,sfailuretoshipaccordingtotheagreedspecification.WhatcanweIeamfromthiscase?VIPractice(22%)30. ReadthefollowingL/Candanswerthefollowingquestions(1) Whatarethecharacteristicsofthiscredit?(atleastfour)(4%)(2) Listthenameofthefollowingarties:openingbank,advisingbank,beneficiary,applicant.(2%)(3) Whatarethedateoftheissuance,expirydate,timeofshipmentandthetimeforthepresentationofthedocuments?(4%)(4) Listthegeneralinformationontheshipment.(4%)(5) Whatkindofdocumentsarerequiredunderthiscreditandhowmuchofthemarerequiredrespectively?(4%)(6) SupposetheexporterdeliveredallthegoodsonboardthevesselonAug.IOth.,then:（八）Whenshouldtheexporterissuedtheinvoice;(b)Whenshouldtheexporterclearthegoodsforexport?(c)Whenshouldtheexporterdrawthedraft;(d)Whenshouldtheexporterpresentthedocumentstothenegotiatingbankfornegotiation?(4%)SampleLetterofCreditIssueofaDocumentaryCreditBKCHCNBJA08ESESSION:000ISN:000000EBBANK,VIETNAMDestinationBank:BANKOFCHINATAIZHOUBRANCHTypeofDocumentaryCreditIRREVOCABLELetterofCreditNumberLC06E008117DateofIssue060628DateandPlaceofExpiry31D060930VIETNAMApplicant:MINEXPORTSAIGON35-37BENCHUONGDUONGST.,DIST.1HOCHIMINHCITY,VIETNAMBeneficiary:/1207047109045731923TAIZHOUJIADELIDOORMACHINECO.,LTD,NO.188,NORTHERNDAXIroad,daxitown,wenlingcity,zhejiangprovince,china31. Currencycode,amount:USD7380.00AvailableWithBy:ANYBANKINCHINABYNEGOTIATIONDraftsat:SIGHTFOR100POTOFINVOICEvalueDrawee:EBBANKVIETNAMEXPORTIMPORTCOMMERCIALJOMOCHIMINHCITY,VIETNAMPartialShipments:NOTALLOWEDTransshipment:ALLOWEDLoadingonBoard/Dispatch/TakinginChargeat/Form:ANYCHINESEPORTLatestDateofshipment：060820DescriptionofGoodsand/ors