1.3 International Payment Systems A payment system is the means whereby cash value is transferred between a payer's bank account and a payee's account ■ t includes a policies and procedures, including rules for crediting and debiting balance a medium for storing and transmitting payment Intormation a financial intermediaries for organizing information flow, carrying out value transfer instructions and generally administering payment activities
1.3 International Payment Systems ◼ A payment system is the means whereby cash value is transferred between a payer’s bank account and a payee’s account. ◼ It includes: policies and procedures, including rules for crediting and debiting balance; medium for storing and transmitting payment information; financial intermediaries for organizing information flow, carrying out value transfer instructions, and generally administering payment activities
Clearing principles paying bank A BC D E SU um o Net debit receIv ble 债务 应收款 receiving bank 020102050 100 ABCDE 203030 100 20100 3040 100 103020040 100 10 104020300 100 60 Sum of payable6010070 500 应付款 Net credit 40030 70 债权
Clearing principles paying bank receiving bank A B C D E Sum of receivable 应收款 Net debit 债务 A 0 20 10 20 50 100 — B 20 0 20 30 30 100 0 C 20 10 0 30 40 100 — D 10 30 20 0 40 100 10 E 10 40 20 30 0 100 60 Sum of payable 应付款 60 100 70 110 160 500 Net credit 债权 40 0 30 — — 70
Chapter 2 Instruments of Is a 2.1 An Overview of Negotiable Instruments 2.2 Bill of Exchange/Draft a 2.3 Promissory Note 2,4 Check
Chapter 2 Instruments of IS ◼ 2.1 An Overview of Negotiable Instruments ◼ 2.2 Bill of Exchange/Draft ◼ 2.3 Promissory Note ◼ 2.4 Check 18
2 1 An Overview of Negotiable Instruments I An negotiable instrument is an unconditional order or promise to pay a certain amount of money. The negotiable instrument can easily be transferrable from one person to another
2.1 An Overview of Negotiable Instruments 19 ◼ An negotiable instrument is an unconditional order or promise to pay a certain amount of money. The negotiable instrument can easily be transferrable from one person to another
Bill of Exchange 美国公司4好 现金 法国公司B 借贷或 提供商品 与劳务 美国公司D 法国公司c 现金 商品 EXCHANGE FOR USD10.000.0( JULY 13 2010 PARIS AT THIRTY DAYS AFTER SHIPMENT DATE (SHIPMENT DATE: JUL 10, 2010) PAY TO THE ORDEROFC CO THE SUM OF US DOLLARS TEN THOUSAND ONLY DRAWN UNDER P/O NO. 95E03LC0O1 DATED ON MAY 13. 2010 TO: A COMPANY. NEW YORK FOR B COMPANY. PARIS (SIGNED)
Bill of Exchange 20 EXCHANGE FOR USD10,000.00 JULY 13, 2010 PARIS AT THIRTY DAYS AFTER SHIPMENT DATE (SHIPMENT DATE: JUL 10, 2010) PAY TO THE ORDER OF C CO. THE SUM OF US DOLLARS TEN THOUSAND ONLY DRAWN UNDER P/O NO. 95E03LC001 DATED ON MAY 13, 2010. TO: A COMPANY, NEW YORK FOR B COMPANY, PARIS (SIGNED) 借贷或 提供商品 与劳务 美国公司A 法国公司B 美国公司D 法国公司C 商品 商品 现金 现金