Part2 Reading Factoring Chinese Benefits to Traders 1.Benefits to the Exporter (1)The most secure and competitive method of settlement. (2)Investigation of the credit standing of the importer to avoid credit risk. (3)Flexible and convenient financial instruments. (4)Earlier write-off and export tax refunds. (5)Collection and settlement of receivables. 2.Benefits to the Importer (1)Higher utilization efficiency of the importer's credit. (2)Payment by credit to minimize the pressure on working capital. (3)Consolidation of cooperation between the buyer and the seller. @大连理工大学出版社 五王至四
Part 2 Reading Factoring Benefits to Traders 1. Benefits to the Exporter (1) The most secure and competitive method of settlement. (2) Investigation of the credit standing of the importer to avoid credit risk. (3) Flexible and convenient financial instruments. (4) Earlier write-off and export tax refunds. (5) Collection and settlement of receivables. 2. Benefits to the Importer (1) Higher utilization efficiency of the importer’s credit. (2) Payment by credit to minimize the pressure on working capital. (3) Consolidation of cooperation between the buyer and the seller. Chinese
Part2 Reading Factoring Chinese Procedures (1)The customer applies to the factor for pre-application for a factoring limit. (2)The factor replies with the approved factoring limit and quotation within 10 working days. (3)The exporter confirms the factoring limit and the quotation and then signs the factoring agreement. (4)The exporter applies to the factor formally for the factoring limit. (5)The factor replies with the final approved factoring limit. (6)The exporter ships the goods and assigns the receivables under the invoice to the factor. (7)The exporter receives the financing funds for up to 80%of the invoice value assigned. (8)The factor collects payment from the importer upon maturity of the invoice and pays to the exporter the received payment minus the interest and other fees.The factor provides 100%indemnity to the exporter for any unpaid funds caused by the importer's bankruptcy or insolvency. ⑤大连理工大学出版社
Part 2 Reading Factoring Procedures (1) The customer applies to the factor for pre-application for a factoring limit. (2) The factor replies with the approved factoring limit and quotation within 10 working days. (3) The exporter confirms the factoring limit and the quotation and then signs the factoring agreement. (4) The exporter applies to the factor formally for the factoring limit. (5) The factor replies with the final approved factoring limit. (6) The exporter ships the goods and assigns the receivables under the invoice to the factor. (7) The exporter receives the financing funds for up to 80% of the invoice value assigned. (8) The factor collects payment from the importer upon maturity of the invoice and pays to the exporter the received payment minus the interest and other fees. The factor provides 100% indemnity to the exporter for any unpaid funds caused by the importer’s bankruptcy or insolvency. Chinese
Part 2 Reading ©■4时物 New Words and Expressions 1. procedure n 程序，过程，步骤 2. unconditional adj. 无条件的，绝对的 3. determinable adj. 可决定的 4. specified adj. 指定的 5. usance adj. 远期的 n. 票据期限 6. presentation n. 提示 7 identity n. 身份，特性 8. depositor n. 存款人，（银行的）储户 9. remittance n. 汇付，汇款 10.trust deed 信托书，委托书 11.correspondent adj. 对应的 》大连理工大学出版社 五里至四
Part 2 Reading New Words and Expressions 1. procedure n. 程序，过程，步骤 2. unconditional adj. 无条件的，绝对的 3. determinable adj. 可决定的 4. specified adj. 指定的 5. usance adj. 远期的 n. 票据期限 6. presentation n. 提示 7. identity n. 身份，特性 8. depositor n. 存款人，(银行的)储户 9. remittance n. 汇付，汇款 10. trust deed 信托书，委托书 11. correspondent adj. 对应的
Part2 Reading New Words and Expressions 12.release t 释放，放开 13.prescribe v. 规定，指定 14.tender vt. 提出 15.irrevocable adj. 不可撤销的，不能改变的 16.revoke vt. 撤销，取消，废除 17.beneficiary n. 受益人，受惠人 18. assurance n. 保证，担保，确信 19.revolving adj. 循环的 20.expiry n. 满期，终止，届期 21.forward vt. 发送，转寄，转交 22. deduct vt. 扣除，减去 ⑤大连理工大学出版社
Part 2 Reading New Words and Expressions 12. release vt. 释放，放开 13. prescribe vt. 规定，指定 14. tender vt. 提出 15. irrevocable adj. 不可撤销的，不能改变的 16. revoke vt. 撤销，取消，废除 17. beneficiary n. 受益人，受惠人 18. assurance n. 保证，担保，确信 19. revolving adj. 循环的 20. expiry n. 满期，终止，届期 21. forward vt. 发送，转寄，转交 22. deduct vt. 扣除，减去
Part2 Reading Notes 1.SWIFT:全称为Society Worldwide Interbank Financial Telecommunication(环球同业银行金融电讯协会)， 是一个国际银行间非盈利的国际合作组织，为国际金融业务提供快捷、准确、优良的服务，运营着世界级的金 融电文网络。银行和其他金融机构通过它与同业交换电文，从而完成金融交易。除此之外，SWFT还向金融机 构销售软件和服务。该协会成员银行都有自己特定的SWFT代码，即SWIFT CODE。在电汇时，汇出行按照收 款行的SWIFT CODE发送付款电文，就可将款项汇至收款行。 ⑤大连理工大学出版社 西王至四
Part 2 Reading Notes 1. SWIFT：全称为Society Worldwide Interbank Financial Telecommunication（环球同业银行金融电讯协会）， 是一个国际银行间非盈利的国际合作组织，为国际金融业务提供快捷、准确、优良的服务，运营着世界级的金 融电文网络。银行和其他金融机构通过它与同业交换电文，从而完成金融交易。除此之外，SWIFT 还向金融机 构销售软件和服务。该协会成员银行都有自己特定的SWIFT代码，即SWIFT CODE。在电汇时，汇出行按照收 款行的SWIFT CODE发送付款电文，就可将款项汇至收款行