国际结算英⽂版课后练习答案
Chapter One
1. Fill in the blanks to complete each ntence.
(1) local legal system, political, exchange risks
(2) open account, advance payment, remittance and collection
(3) letter of credit, bank guarantee
(4) price terms, delivery terms
(5) least/minimum, most/maximum
(6) advance payment
(7) open account
(8) clean collection, documentary collection
2. 略
3. Translate the following terms into English.
(1) ttlement on bank credit
(2) the potential for currency fluctuation
(3) to clear the goods for export
(4) to pay the insurance premium
(5) to carry out export formalities
(6) the major participants in international trade
(7) the commodity inspection clau
(8) to fulfill the obligation to deliver the goods
(9)t he goods have pasd over the ship’s rail
(10)I nternational contract is concluded in a completely different context than domestic ones 4．Decide whether the following statements are true or fal.
(1) F (2) F (3) T (4) T (5) T
(6) T (7) F (8) T (9) T (10) F
5. Choo the best answer to each of the following statements
(1)-(5) BCCBD (6)-(10) DACCC
(11)-(15) BDDCD (16)-(20) DCACD
Chapter Two
1. Fill in the blanks to complete each ntence.
(1) barter
(2) medium of exchange
(3) expensive, risky
(4) our
(5) Vostro
(6) vostro
(7) nostro
(8) specimen of authorized signatures, telegraphic test keys, terms and conditions, Swift authentic keys
2. Define the following terms
(1) Correspondent relationship 〖A bank having direct connection or friendly rvice relations with another bank.〗
(2) International ttlements〖International ttlements are financial activities conducted among different countries in which payments are effected or funds are transferred from one country to another in order to ttle accounts, debts, claims, etc. emerged in the cour of political, economic or cultural contracts among them. 〗
(3) Visible trade〖The exchange of goods and commodities between the buyer and the ller across borders.〗
(4) Financial transaction〖International financial transaction covers foreign exchange market transactions, government supported export credits, syndicated loans, international bond issues, etc.〗
(5). Vostro account〖Vostro account is an account held by a bank on behalf of a correspondent bank.〗
3. Translate the following terms into English.
(1) commercial credit
(2) control documents
(3) account relationship
(4) cash ttlement
(5) financial intermediary
(6) credit advice
(7) agency arrangement
(8) credit balance
(9)reimburment method
(10) test key/code
4．Decide whether the following statements are true or fal.
(1) T (2) F (3) F (4) T (5) F
5. Choo the best answer to each of the following statements
(1)-(5) BCDAD (6)-(10) BBDAB
Chapter Three
1. Define the following Terms:
(1) Negotiable instrument〖“A negotiable instrument is a cho in action, the full and legal title to which is transferable by delivery of the instrument (po ssibly with the transferor’s endorment) with the result that complete ownership of the instrument and all the property it reprents pass free from equities to the transferee, providing the latter takes the instrument in good faith and for value.” 〗
(2) Bill of exchange〖A bill of exchange is an unconditional order in writing, addresd by one person to another, signed by the person giving it, requiring the person to whom it is addresd to pay on demand, or at a fixed or determinable future time,
a sum certain in money, to or to the order of a specified person, or to bearer. 〗
(3) Check〖A check is an unconditional order in writing addresd by the customer to a bank signed by that customer authorizing the bank to pay on demand a specified sum of money to or to the order of a named person or to bearer. 〗
(4) Documentary bill〖It is a bill with shipping documents attached thereto. 〗
(5) Crossing〖A crossing is in effect an instruction to the paying bank from the drawer or holder to pay the fund to a bank only. 〗
2. Translate the following terms into English.
(1) ⼀般划线⽀票〖generally crosd check〗
(2) 特殊划线⽀票〖specially crosd check〗
(3) 过期⽀票〖a check that is out of date〗
(4) 未到期⽀票〖post dated check〗
(5) ⼤⼩写⾦额〖amount in words〗
(6) ⽩背书〖blank endorment〗
(7) 特别背书〖special endorment〗
(8) 限制性背书〖restrictive endorment〗
(9) 跟单汇票〖documentary bill〗
(10) 即期汇票〖sight draft〗
(11) 远期汇票〖usance/term bill〗
(12) 承兑汇票〖acceptance bill〗
(13) 可确定的未来某⼀天〖determinable future date〗
(14) 光票〖clean bill〗
(15) 流通票据〖negotiable instrument〗
(16) 贴现⾏〖discounting hou 〗
(17) 商⼈银⾏〖merchant bank〗
(18) ⽆条件的付款承诺〖unconditional promi of payment〗
(19) 负连带责任〖jointly and verally responsible〗
(20) 出票后90天付款〖payable 90 days after date〗
3. Decide whether the following statements are true or fal.
(1) T (2) F (3) T (4) T (5) T
(6) F (7) T (8) T (9) T (10) T
(11) F (12) T (13) T (14) F (15) T
(16) T (17) T (18) F (19) F (20) F
4. Choo the best answer to each of the following statements
(1)-(5) CACBC (6)-(10) BACBB
(11)-(15) BDCCC (16)-(20) BBAAC
5-7 略
Chapter Four
1. Fill in the blanks to complete each ntence.
(1) beneficiary
(2) payment order / mail advice / debit advice
(3) the remittance amount is large / the transfer of funds is subject to a time limit / test key
(4) ll it to his own bank for crediting his account
(5) debits / credits
(6) demand draft
(7) act of dishonor
(8) swiftness / reliability / safety / inexpensiveness
(9) debiting remitting bank’s nostro account
(10) delivery of the goods
2. Define the following Terms.
(1) International remittance means a client (payer) asks his bank to nd a sum of money to a benefi
ciary abroad by one of the transfer methods at his option while the beneficiary can be paid at the designated bank which is either the re mitting bank’s overas branch or its correspondent with a nostro account.
(2) Remitting bank is the bank transferring funds at the request of a remitter to its correspondent or its branch in another country and instructing the latter to pay a certain amount of money to a beneficiary.
(3) A mail transfer is to transfer funds by means of a payment order or a mail advice, or sometimes a debit advice issued by a remitting bank, at the request of the remitter.
(4) Demand draft transfer is a remittance method using a bank demand draft. It is a negotiable instrument drawn by one bank on its overas branch or its correspondent abroad ordering the latter to pay on demand the stated amount to the holder of the draft.
(5) Cancellation of the reimburment under mail transfer or telegraphic transfer is usually done before its payment is made at the request of the remitter or the payee who refus to receive the payment.
3. Translate the following terms into English.
(1) 汇款通知单remittance advice (2) 汇出汇款outward remittance
(3) 国际汇款单international money order (4) 往来账户current account
(5) ⾃动⽀付系统automated payment system (6) 作为偿付in cover
(7) 赔偿保证书letter of indemnity (8) 信汇通知书 mail advice
(9) 汇票的不可流通副本non-negotiable copy of draft (10) ⾸期付款down payment
4. Choo the best answer to each of the following statements
(1)-(5) BCABD (6)-(10) BBBAA
Chapter Five
1. Fill in the blanks to complete each ntence.
(1) prenting bank
(2) title documents / pays the draft / accepts the obligation to do so
(3) legal / the exchange control authorities
(4) the payment is made
(5) open account / advance payment
(6) Inward collection
(7). the remitting bank
(8) trust receipt
(9) D/P at sight
(10) documents, draft, and collection order
2. Define the following terms
(1) Collection is an arrangement whereby the goods are shipped and a relevant bill of exchange is drawn by the ller on the buyer, and/or shipping documents are forwarded to the ller’s bank with clear instructions for collection through one of its correspondent banks located in the domicile of the
buyer.
(2) The ca of need is the reprentative appointed by the principal to act as ca of need in the event of non-acceptance and/or non-payment, who power should be clearly and fully stated in the collection.
(3) Documentary collection is a collection of financial instruments being accompanied by commercial documents or collection of commercial documents without being accompanied by financial instruments, that is, commercial documents without a bill of exchange. Alternatively, the documentary collection is a payment mechanism that allows the exporters to retain ownership of the goods until they receive payment or are reasonably certain that they will receive it.
(4) Outward collection is a banking business in which a bank acting as the remitting bank nds the draft drawn against an export with or without shipping documents attached, to an appropriate overas bank, namely, the collecting bank to get the payment or acceptance from the importer.
(5) Collection bill purchad is a kind of financing by banks for exporters under documentary collection methods. It means that the remitting bank purchas the documentary bill drawn by the exporter on the importer. It involves great risk for the remitting bank due to lack of a guarantee.
3. Translate the following terms into English.
(1) 承兑交单acceptance against documents (2) 商业承兑汇票 trade acceptance
(3) 需要时的代理⼈ca of need (4) 出⼝押汇export bill purchad
(5) 物权单据 title document (6) 以寄售⽅式on consignment
(7) 直接托收direct collection (8) 货运单据shipping documents
(9) 付款交单documents against payment (10) 远期汇票time/ tenor/term/ usance draft
4. Choo the best answer to each of the following statements
(1)-(5) ABCAB (6)-(10) ACAAD
Chapter Six
1. Define the following terms:
(1) Letter of credit 〖The Documentary Credit or letter of credit is an undertaking issued by a bank fo
r the account of the buyer (the applicant) or for its own account, to pay the beneficiary the value of the draft and/or documents provided that the terms and conditions of the documentary credit are complied with. 〗
(2) Confirmed letter of credit 〖A credit that carries the commitment to pay by both the issuing bank and the advising bank. 〗
(3) Revolving credit 〖A credit by which, under the terms and conditions thereof, the amount is renewed or reinstated without specific amendments to the documentary credit being required. 〗
(4) Confirming bank 〖A bank, usually the advising bank, which adds its undertaking to tho of the issuing bank and assumes liability under the credit.〗
(5) Applicant of the credit〖The applicant is always an importer or a buyer, who fills out and signs an application form, requesting the bank to issue a credit in favor of an exporter or a ller abroad.〗
2. Translate the following terms or ntences into English.
(1) 未授权保兑〖silent confirmation 〗
