國際結(jié)算(英文版)清華大學(xué)出版社答案

1、KEY OF INTERNATIONAL SETTLEMENTChapter 11.Put the following phrases into English貿(mào)易壁壘trade barrier進(jìn)口關(guān)稅import tariff全球經(jīng)濟(jì)一體化economic globalization資金轉(zhuǎn)移und transfer有形貿(mào)易tangible trade無形貿(mào)易intangible trade國際慣例international customs and practices全球金融同業(yè)通訊協(xié)會(huì)SWIFT2.Put the following sentences into English(1) 國際結(jié)

2、算涉及有形貿(mào)易和無形貿(mào)易，外國投資，從其他國家借貸資金，等等。The international settlement involves tangible trades, intangible trades, foreign investments, funds borrowed from or lent to other countries and so on.(2) 許多銀行注重發(fā)展國際結(jié)算和貿(mào)易融資的業(yè)務(wù)。Many banks have focused on their business of international settlement and trade finance.(3)

3、大多數(shù)國際間的支付來自于世界貿(mào)易。Most of the international payments originate from transactions in the world trade.(4) 一般來說，國際結(jié)算的方式分為三類：匯款、托收和信用證。Usually the international settlement is divided into three broad categories: remittance, collection and letter of credit.3. True or False1) International payments and set

4、tlements are financial activities conducted in the domestic country. (F)2) Fund transfers are processed and settled through certain clearing systems.(T)3) Using the SWIFT network, banks can communicate with both customers and colleagues in a structured, secure, and timely manner.(T)4) SWIFT can achi

5、eve same day transfer.(T)4.Multiple Choice1) SWIFT is _B_A. in the united statesB. a kind of communications belonging to TT system for interbanks fund transferC. an institution of the United NationsD. a governmental organization2) SWIFT is an organization based in _A_A. Brussels B. New YorkC. London

6、 D. Hong Kong3) A facility in fund arrangement for buyers or sellers is referred to _A_A. trade finance B. sale contract C. letter of creditD. bill of exchange4) Fund transfers are processed and settled through _C_A. banksB. SWIFTC. clearing system D. telecommunication systems5) _C_is the reason why

7、 international trade first began.A. Uneven distribution of resourcesB. Patterns of demandC. Economic benefits D. Comparative advantages5. Answer the following questions1) Where are the medium of exchange originated from?Tracing back the history of international settlement, the medium of exchange ori

8、ginated from coins to notes.2) What will inevitably lead to under the international political, economic and cultural exchanges?The international political, economic and cultural exchange inevitably leads to credits and debts owed by one country to another.3) Why do banks focus on the development of

9、the businesses of international settlement?Banks focus more and more on the development of the businesses because it is a major resource of profits.4) What will banks do to meet the higher and higher demand of the international market?Banks need to develop innovative products and deliver the best se

10、rvices possible in whatever way they can.Chapter 21.Put the following phrases into English資金轉(zhuǎn)移fund transfer 清算系統(tǒng)clearing system 銀行競(jìng)爭(zhēng)banking competition可兌換貨幣convertible currency國際支付international payment2.Put the following sentences into English(1) 用于國際結(jié)算的貨幣是可兌換的貨幣。Currencies used in the international

11、 settlement are convertible currencies.(2) 每一個(gè)通信和支付系統(tǒng)都有自己的使用規(guī)則。Each communication and payment system has its own rules.(3) 有五種美元清算的方式。There are five US dollar fund transfer payment methods.(4) 歐元是歐盟國家使用的貨幣。Euro is the single currency of the European Union.(5) 香港作為國際金融中心必須遵循國際慣例。As an international f

12、inancial center, Hong Kong must follow international payment practice.3. True or False1) CHIPS payments are irrevocable and subject to a same-day net settlement process.(T)2) Book transfers are payment made between parties that maintain accounts at the different bank.(F)3) In Japan, cash is not far

13、more often used than checks for payment at the retail level.(F)4) Not later than July 2002, the Euro will replace the national currencies in all public and private transactions.4.Multiple Choice1) The following are the special problems for international trade except for _C_A. using foreign languages

14、 and foreign currenciesB. under foreign laws, customs and regulationsC. having risksD. numerous cultural differences2) All the parties to a collection are bound by _C_A. UCP400B. UCP500C. UCR522D. URC2543) An additional risk borne by the seller when granting a credit to the buyer is that the latter

15、will not _D_A. accept the bill B. take up the documentsC. take delivery D. make payment at maturity4) To the exporter, the fastest and safest method of settlement is _B_A. letter of credit B. advance paymentC. collectionD. bankers draft5) To the importer, the fastest and safest method of settlement

16、is _C_A. letter of credit B. cash in advance C. open accountD. bankers draft6) Which is the real international payment system? _A_A. TARGETB. FedWireC. CHAPSD. SWIFT5. Answer the following questions1) How will fund transfers be processed and settled?Fund transfers are processed and settled through c

17、ertain clearing systems.2) What is FedWire?FedWire is an electronic payment system operated by the U.S. Federal Reserve. It si used to make US dollar payments to banks and their customers throughout the United States.3) When will the euro start to use?From January 1,1999, Euro is the single currency

18、 of the European Union.4) What is the strongest of SWIFT? The strongest feature of SWIFT is message text standards.Chapter 31. Put the following phrases into English總資產(chǎn)total assets缺乏經(jīng)驗(yàn)lack of expertise全球策略global strategy專業(yè)服務(wù)professional service財(cái)務(wù)報(bào)表financial statement2.Put the following sentences int

19、o English(1) 兩家銀行建立代理行關(guān)系的原則是基于雙方的互惠互利。The overall principle to establish correspondent banking relationship between two banks is on the basis of mutual benefits.(2) 一家銀行對(duì)其所在國金融系統(tǒng)的重要性是對(duì)該銀行進(jìn)行評(píng)級(jí)的重要因素。The importance of a bank to its countrys financial system is a major factor in the rating process.(3) 穆

20、迪和標(biāo)準(zhǔn)普爾在對(duì)銀行進(jìn)行評(píng)級(jí)時(shí)有許多相似之處。Moody and Standard & Poors (“S&P”) share many similarities in rating banks.(4) 許多著名的大銀行是根據(jù)一定的程序來向代理行提供信用額度。The credit line for a correspondent is worked out according to certain procedures in many sizeable and well-know banks.(5) 銀行不僅可從貿(mào)易融資中獲利，而且還可以介入金融活動(dòng)之中。Not only ba

21、nks can gain from trade finance, they can also engage in those financial activities.3.True or False1) Risk management strategies should be taken into consideration when rating correspondent banks.(T)2) A world wide computer network for monitoring the line is maintained by many banks.(T)3) A bank sho

22、uld introduce or modify those products in order to have those products to be marketed in its banking operation.(T)4) Some correspondents will not extend credit facilities to the bank with nostro account and offer a preferential account, so that conducting business will become more convenient and eas

23、ier.(T)4. Multiple Choice1) From the point of view of a Chinese bank, _B_ is our banks account in the book of an overseas bank, denominated in foreign currency.A. a vostro account B. a nostro accountC. a mirrio account D. a record account2) A bank gets to know its exact position of funds by _A_A. re

24、flecting the credit balanceB. examining the mirror accountC. consulting a foreign bankD. checking the nostro account3) Statements of balance of international payment dont include _D_A. current account B. capital accountC. balancing accountD. visible account4) _A_ refers to an exchange of services or

25、 assets between countries.A. Invisible trade B. Visible trade C. International trade D. Balance of trade5) Each country has to earn _B_ to pay for imports.A. moneyB. foreign exchangeC. cashD. currency5.Answer the following questions1) How will ratio of earning be divided?Ratios of earning can be div

26、ided into ratio of capital return (Earning/ Total Capital, ROE) and ratio of asset return (Earning/ Total Capital, ROE) .2) Why do banks develop the correspondent relationship with foreign banks?For the purpose of rendering best service to the banks clients, it is essential for the banks to develop

27、direct correspondent relationship with foreign banks and offer more diversified banking services, thereby playing an increasingly prominent role in promoting and regulating the growth of the national economy.3) What do American banks and European banks usually do in their financial activities?Americ

28、an banks are active in marketing their products and services in the field of fund clearing, Trade finance has always been the main subject of correspondent banking operations by many European banks for quite a long time.4) What should the correspondent files be?The correspondent files should be conc

29、ise, but complete, and updated.Chapter 41. Put the following phrases into English大小寫金額amount in words and figures無條件的書面支付命令unconditional order of payment in writing遠(yuǎn)期匯票term bill跟單匯票documentary draft無條件的支付承諾unconditional promise of payment流通工具negotiable instrument2.Put the following sentences into En

30、glish1) 由于這張信用卡的持卡人不講信用，發(fā)卡銀行將取消該卡。The issuing bank of this credit will cancel the holders card because of his poor credit standing.2) 旅行支票易于在國外銀行、旅店、商店、機(jī)場(chǎng)等兌現(xiàn)。Travelers checks are easily encashabkes, hotels, ships and airports abroad. 3) 匯票和本票的定義有一些相似之處。There are some similarities between the definit

31、ion of a bill of exchange and a promissory note.4) Please draw a sight draft on Mr. Smith for US dollars 2000.2. True or False1) In check transaction, the drawer and the payer are the same person.(T)2) A check is a demand bank draft.(T)3) A draft is a conditional order in writing.(F)4) The person wh

32、o draws the bill is called the drawer.(T)5) Any usance bills need to be accepted.(T)6) There is no acceptor in a promissory note.(T)7) There are only two parties in a promissory note.(T)8) Travellers checks are negotiable instruments.(T)9) Travellers checks are fixed, round amounts.(T)10) A line of

33、credit is given by a bank according to the cardholders financial status.(T)3. Multiple Choice1) A check must be signed by _A_.A. the drawerB. the draweeC. the payerD. the payee2) When financing is without recourse, this means that the bank has no recourse to the _D_ if such drafts are dishonored.A.

34、drewee B. payeeC. payerD. drawer3) A time bill may be accepted by the _B_A. drawerB. drawee C. holderD. endorser4) _A_is drawn by the exporter and sent to the buyer.A. DraftB. Promissory noteC. I.O.UD. Check5) Tavellers checks are in _D_ amounts.A. fixedB. roundC. convenientD. fixed, round and conve

35、nient6) If a bill is a _D_ bill, the documents will be handed over against payment of the bill.A. tenor B. sight C. clean D. documentary5. Answer the following questions1) Under which circumstances do banks usually ask for endorsement?Bank usually ask for endorsement of check when the check in favou

36、r of joint payees is credited to a sole account and when the check is cashed over the counter.2) What are the essentials of a draft?The essentials of a draft are as follows: an unconditional order; in writing; signed by the person giving it; drawee; payment date; a sum certain in money; payee; date

37、and place of issuance of a draft; bearing the words” exchange for”.3) What is meant by a documentary bill?A documentary bill refers to one that is accompanied by the relevant documents that are needed to complete the export transaction.4) What is the important difference between the bill of exchange

38、 and the promissory note?The important difference between the bill of exchange and the promissory note is that the promissory note is written and signed by the person who promises to make the payment (the buyer), and sent to the person who is owed the money (the exporter). A bill of exchange, in con

39、trast, is drawn by the exporter and sent to the buyer (who “accepts” term bill).5) How many parties are there in a promissory note? What are they?There are two parties in a promissory note, and they are maker and holder.Chapter 51.Put the following phrases into English海外分支機(jī)構(gòu)和代理行overseas branches and

40、 correspondent banks匯款人賬戶remitters accountSWIFT密押swift authentication key授權(quán)簽字authorized signature金融機(jī)構(gòu)financial institution2.Put the following sentences into English1) 由于電信業(yè)的迅猛發(fā)展，大多數(shù)的付款業(yè)務(wù)都是通過電匯方式完成。With rapid telecommunication, most payment transactions are handled by telegraphic transfer.2) 再付款業(yè)務(wù)中總是

41、會(huì)出現(xiàn)一些差錯(cuò)。In the process of payment transfer, some mistakes may occur.3) 處理付款業(yè)務(wù)員中的典型錯(cuò)誤是將頭寸付款方式和鏈?zhǔn)礁犊罘绞降膱?bào)文混淆。It is a typical mistake to confuse the message types of the cover method with those of the serial method.4) 在一些國家，通常用于國內(nèi)付款的鏈?zhǔn)椒绞揭灿糜诳缇掣犊睢n some countries and for some currencies, the serial method

42、 - typical for domestic payments - is also used cross-border.5) 電匯常常用于大寫金額和時(shí)間較緊的情況。T/T is often used when the remittance amount is large and the transfer of funds is subject to a time limit.3. True or False1) Remittance refers to the transfer of funds from one party to another among different countr

43、ies through banks.(T)2) Mail transfer can be replaced in the time of telecommunication developed rapidly.(F)3) Under the serial payment method, the instruction to credit a beneficiary account is dent together with the instruction to debit senders account.(T)4) Serial payment method cannot, however,

44、delay the payment between different time zones.(F)4. Multiple Choice1) The remitting bank checks the documents received _D_.A. as a service to its clientsB. to avoid unnecessaryC. before sending them outD. all of the above2) Large payments should be made by _D_A. TTB. SWIFTC. MTD. A or B3) A _D_ pay

45、ment does not take as long as an MT payment.A. SWIFTB. TTC. DDD. A or B4) Mail transfers are sent to the correspondent bank _C_, unless other wise instructed by clients.A. by courier serviceB. by ordinary mailC. by airmailD. by seamail5) When a customer asks its bank to make a telegraphic transfer t

46、o a beneficiary abroad, the charges may _A_ A. be paid either the remitter or the remitteeB. be debited against the nostro accountC. be credited to the vostro accountD. be paid by the remitting bank5. Answer the following questions1) How do you define the two types of fund transfer?Remittance can be

47、 defined as two typed of fund transfer: to a remit and to draw a draft. “To remit” refers to the funds to be transferred from remitter to a payee through banks, while “to draw a draft” means that the payee gets the funds from the remitter collected by banks.2) What are the three main ways to make a

48、remittance? Give us a brief description of the three?A mail transfer is to transfer funds by means of a payment order or a mail advice. A demand draft is often used when the customer wants to transfer the funds to his beneficiary by himself. Telegraphic transfer refers to remittance by SWIFT.3) What

49、 are the two methods adopted in the payment transactions by T/T?They are cover payment method and serial payment method.4) what are the differences of the two methods used in the payment transaction?In the cover method, the customer payment instruction is sent separately from the instruction to tran

50、sfer the funds, In the serial method, the customer payment and the fund transfer are sent together.5) When will the interbank compensation be used and what are the related errors occurring in the payment transactions?In the process of payment transfer, some mistakes may occur, such as late payment.,

51、 duplicate payment, under and over payment, wrong account at the right bank and so on, which may arise loss for a bank, The Rules of Interbank Compensation is therefore worked out to settle the dispute among banks.Chapter 61.Put the following phrases into English運(yùn)輸單據(jù)shipping document托收指示collection i

52、nstruction需要時(shí)的代理agent in case of need拒絕證書protest r印花稅stamp duty賒賬open account2.Put the following sentences into English1) 跟單托收是用于出口商既不想用賒賬也不愿意用信用證的情況。Documentary collections are suitable in cases where the exporter is reluctant to supply the goods on an open account basis, but does not need the stro

53、ng security provided by a documentary credit.2) 跟單托收統(tǒng)一慣例是國際托收業(yè)務(wù)中通行的規(guī)則。The Uniform Rules for Collections (URC) form an internationally accepted code of practice covering documentary collections.3) 單據(jù)應(yīng)符合進(jìn)口國家的法律和法規(guī)的要求。The type of documents should comply with the laws and regulations of the importing co

54、untry.4) 拒絕證書是法庭認(rèn)可的拒付的法律依據(jù)，它要由公證機(jī)構(gòu)來制作。Bill protesting is legal evidence of dishonor acceptable to account of law, and it will come into force by a notarization of notary office.3. True or False1) A collection on the basis of commercial credit is usually processed through banks acting as the intermed

55、iary.(T)2) Banks have responsibility to examine the documents thoroughly.(F)3) Collecting bank handles the collection business according to the collection instruction.(T)4) In receipt of dishonor advice, the remitting bank must give appropriate instructions as to the further handling by the collecti

56、ng bank.(T)4.Multiple Choice1) The instructions for collection are mainly _D_A. those in the contract B. written on the Bill of ExchangeC. given by the importersD. given by the exporters2) It will be more convenient if the collecting bank appointed by the seller _B_A. is a large bank B. is the remitting banks correspondent in the place of the importerC. is in the exporters countryD. acts on the importers instructions3) The operation of collection begins with _B_A. the customer and the remitting bankB. the remitting bank and the collecting bankC. the presenting bank and the draweeD. the colle