MindMap Gallery international settlement
This is a mind map about international settlement, including international settlement bills, international settlement methods, international settlement financing, international customs and practices, etc.
Edited at 2024-02-14 18:08:20Avatar 3 centers on the Sully family, showcasing the internal rift caused by the sacrifice of their eldest son, and their alliance with other tribes on Pandora against the external conflict of the Ashbringers, who adhere to the philosophy of fire and are allied with humans. It explores the grand themes of family, faith, and survival.
This article discusses the Easter eggs and homages in Zootopia 2 that you may have discovered. The main content includes: character and archetype Easter eggs, cinematic universe crossover Easter eggs, animal ecology and behavior references, symbol and metaphor Easter eggs, social satire and brand allusions, and emotional storylines and sequel foreshadowing.
[Zootopia Character Relationship Chart] The idealistic rabbit police officer Judy and the cynical fox conman Nick form a charmingly contrasting duo, rising from street hustlers to become Zootopia police officers!
Avatar 3 centers on the Sully family, showcasing the internal rift caused by the sacrifice of their eldest son, and their alliance with other tribes on Pandora against the external conflict of the Ashbringers, who adhere to the philosophy of fire and are allied with humans. It explores the grand themes of family, faith, and survival.
This article discusses the Easter eggs and homages in Zootopia 2 that you may have discovered. The main content includes: character and archetype Easter eggs, cinematic universe crossover Easter eggs, animal ecology and behavior references, symbol and metaphor Easter eggs, social satire and brand allusions, and emotional storylines and sequel foreshadowing.
[Zootopia Character Relationship Chart] The idealistic rabbit police officer Judy and the cynical fox conman Nick form a charmingly contrasting duo, rising from street hustlers to become Zootopia police officers!
international settlement
international settlement notes
Basic knowledge of bills
Features
authority
causeless
Liquidity
literal meaning
formality
suggestive
Prompt payment
Prompt for acceptance
Returnability
draft
Payee Name
restricted order
not transferable
not negotiable
demonstrative order
pay to the payee or his order
bearer order
Whoever holds the ticket gets the money "everyone"
party
drawer
debtor
to the payee
creditor
to the drawee
Usually the exporter or the bank acting as an intermediary certifies
drawee
Payer
Importer or his designated bank
Payee
creditor
to the drawer
Exporter or its designated bank
right
Right to claim payment
right of transfer
recourse
It doesn’t exist from the beginning, it only occurs after the payment is refused.
endorser
creditor
For the drawer
Debtor (increased)
To the endorsee
endorsee
guarantor
acceptor
bearer
endorsee
narrow sense
Payee
type
consideration holder
bona fide bearer
More stringent requirements
Basic process
After the payee receives the remittance issued by the drawer, he pays the payee directly.
There is also a kind of usance bill, which is agreed to be cashed at a certain time in the future.
type
bank draft
Both the drawer and the drawee are banks
Commercial draft
The drawer is a legal person and the corporate drawee is a legal person, company or bank
time draft
At least three parties involved
Usance draft (demand draft/usance draft)
At least four parties have acceptors
bill behavior
Ticketing
issue
sign
deliver
actual delivery
constructive delivery
endorsement
Payee
Endorsement on the back of the money order
delivered to the endorsee
hint
bearer
Prompt payment
demand draft
forward
Prompt for acceptance
usance draft
and must be carried out within the specified period
Payment time
reminder day
demand draft
Count from the date of acceptance
usance draft
There are four requirements for on-time payment
Chargeback
refuse to pay
Refusal to honor
Chargeback Notice
There is a notice period
still responsible
Reject certificate
A certificate issued by a notary public
cost
The drawer shall bear
bearer
No need to issue an issue
recourse
promissory note
made by the payer
If there is no need for acceptance, there will be no acceptor.
Cheque
Attention ⚠️
Not just these three
International settlement methods (methods)
money transfer
Shunhui
collection
Presentation method
against payment
Tax form
Compare
advance payment
Good for importers
The exporter bears the risk of not receiving the goods
Sales on credit
exporter
Importers may not receive money
cash on delivery
Documentary Credits
party
Collection applicant
exporter
Remitting bank/sending bank
Usually the bank where the exporter is located
Entrusted by the applicant for collection
Collect money from payer
collecting bank
importer
Entrusted by the collecting bank
Collect money from payer
Overseas branch or correspondent bank of the remitting bank
If the payer refuses to pay, there is no responsibility
Process/not process collection instructions
prompt line
Payer
importer
right
Check documents
obligation
Payment/Acceptance
Agent when necessary 💕
Instructions for collection applicants
Rights must be stated in the collection instruction
Features
letter of credit
Features
bank credit
The issuing bank assumes the first payment responsibility
Conditional
self-sufficient
document transaction
redeem
Letter of credit for payment at sight
deferred payment letter of credit
Acceptance letter of credit
It is the behavior of the issuing bank/confirming bank
Negotiate
limitation
Failure to resolve disputes and differences between buyers and sellers
There is no guarantee that the goods received by the importer will be as ordered.
party
Applicant for issuance of certificate
Issuing bank🔥
advising bank/notifying bank
At the request of the issuing bank
Notify beneficiaries
Have the right to decide whether to notify
Check the apparent authenticity of the bill
Second advising bank (newly added)
designated bank
Designated by the issuing bank
It can be the issuing bank itself, mostly the advising bank
Classification
Accepting bank
Paying bank
confirming bank
At the request of the issuing bank
Have the right to decide whether to confirm
beneficiary
Exporter/Middleman
Get paid
the most basic rights
The right to decide whether to accept a letter of credit
letter of credit fraud
reason
Only process documents
fictional bank
empty loan
Fake ocean bill of lading
solution
Bank guarantee, standby letter of credit, forfaiting, international factoring
International settlement documents (documents)
Basic knowledge of commercial documents
Invoice 💕
commercial invoice
Basic document
Other invoices
Issued by the enterprise
transport documents
bill of lading
others
Basic document
Issued by the carrier
insurance document
insurance policy
Proof of insurance
Issued by insurance company
etc.
Certificate of Origin
category
General certificate of origin
Generalized System of Preferences Certificate of Origin
Additional documents
Issued by relevant departments
Document production
Document review
type
Classification according to the function of the document
Basic document
Under FOB and CFR or CIF, commercial invoice and shipping document are, but multiple insurance documents under CIF
Additional documents
issuer of document
transaction document
transport documents
insurance document
Official documents
international settlement financing
Export credit financing
condition
Purchase loan country equipment
Financing amount
85% of the equipment price
The remaining 15% is paid by the importer in cash
type
seller credit
The borrower is an exporter
buyer credit
importer
But they are all provided by export banks🏦
red clause
Package loan
Exporters short of money during production
Use letter of credit as collateral
Forfeyan
Features
Based on real contract transactions
Negotiable instruments as transaction objects
Provide medium and long-term fixed interest rate financing
party
exporter
Package buyer❤️
Banks/large financial companies in exporting countries
importer
Guarantor (advising bank)
cost
discount interest
commitment fee
Option fee
grace period interest
Impact on exporters
final financing facility
Improve financial situation
Save management costs
Factoring
Guaranteed agency, essentially a pledge or transfer
Solve the problem of difficult and expensive financing for small and medium-sized enterprises
Based on the accounts payable of large enterprises, supply first and pay later
beneficial to exporters
type
According to whether the claims on accounts receivable are due or not
discount factoring
Maturity factoring
Is there any right of recourse?
have
Greater risk to original creditors
But it can meet short-term financing needs
none
factor
Factoring
usually bank
role
assignee of debt
loan provider
Managers, collectors and guarantors of accounts receivable
Advantage
seller
Payment is guaranteed
Improve financial situation
Save management costs
buyer
Provide forward financing facilities to buyers
Import credit financing
International customs and practices
URC522, UCP600
International non-trade settlement