農葉大学 Chapter 3 Remittance Figure 1: Payment Risk Lad der Least Exporter: Less secure More secure Most secure Secure More Secure Less Secure Least Secure Secure pen for Documentary Advance Account Collection Credits Payment 径贸学院国际贸易系 置管喜
经贸学院国际贸易系 王学惠 © Chapter 3 Remittance
農葉大学 objectives Definition Parties Three types and their comparison Utilization in international trade 径贸学院国际贸易系 置管喜
经贸学院国际贸易系 王学惠 © objectives • Definition • Parties • Three types and their comparison • Utilization in international trade
農葉大学 1.1 Definition Remittance refers to the transfer of funds from one party to another among different countries through banks. At the request of its customer, a bank transfers a certain sum of money to its overseas branches or correspondent banks and instructs them to pay a named person or corporation domiciled in that country 径贸学院国际贸易系 置管喜
经贸学院国际贸易系 王学惠 © 1.1 Definition Remittance refers to the transfer of funds from one party to another among different countries through banks. At the request of its customer, a bank transfers a certain sum of money to its overseas branches or correspondent banks and instructs them to pay a named person or corporation domiciled in that country
農葉大学 1.2 Parties involved OThe remitter: the person who requests his bank to remit funds to a beneficiary in a foreign country. The remitter is also the payer 径贸学院国际贸易系 置管喜
经贸学院国际贸易系 王学惠 © 1.2 Parties involved lThe remitter: the person who requests his bank to remit funds to a beneficiary in a foreign country. The remitter is also the payer
農葉大学 The remitting bank the bank who 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 sum of money to a beneficiary 径贸学院国际贸易系 置管喜
经贸学院国际贸易系 王学惠 © The remitting bank • the bank who 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 sum of money to a beneficiary