1、Chapter One1. Fill in the blanks to complete each sentence.(1) local legal system, political, exchange risks (2) open account, advance payment, remittance and collection(3) letter of credit, bank guarantee (4) price terms, delivery terms(5) least/minimum, most/maximum(6) advance payment(7) open acco

2、unt(8) clean collection, documentary collection2. 略3. Translate the following terms into English.(1) settlement on bank credit (2) the potential for currency fluctuation(3) to clear the goods for export (4) to pay the insurance premium(5) to carry out export formalities (6) the major participants in

3、 international trade(7) the commodity inspection clause (8) to fulfill the obligation to deliver the goods(9) the goods have passed over the ships rail(10) International contract is concluded in a completely different context than domestic ones4Decide whether the following statements are true or fal

4、se.(1) F (2) F (3) T (4) T (5) T (6) T (7) F (8) T (9) T (10) F5. Choose the best answer to each of the following statements(1)-(5) BCCBD (6)-(10) DACCC(11)-(15) BDDCD (16)-(20) DCACDChapter Two1. Fill in the blanks to complete each sentence.(1) barter(2) medium of exchange(3) expensive, risky(4) ou

5、r(5) Vostro(6) vostro(7) nostro(8) specimen of authorized signatures, telegraphic test keys, terms and conditions, Swift authentic keys2. Define the following terms(1) Correspondent relationship A bank having direct connection or friendly service relations with another bank. (2) International settle

6、mentsInternational settlements are financial activities conducted among different countries in which payments are effected or funds are transferred from one country to another in order to settle accounts, debts, claims, etc. emerged in the course of political, economic or cultural contracts among th

7、em. (3) Visible tradeThe exchange of goods and commodities between the buyer and the seller across borders.(4) Financial transactionInternational financial transaction covers foreign exchange market transactions, government supported export credits, syndicated loans, international bond issues, etc.(

8、5). Vostro accountVostro account is an account held by a bank on behalf of a correspondent bank.3. Translate the following terms into English.(1) commercial credit (2) control documents(3) account relationship(4) cash settlement(5) financial intermediary(6) credit advice(7) agency arrangement (8) cr

9、edit balance(9) reimbursement method(10) test key/code4Decide whether the following statements are true or false.(1) T (2) F (3) F (4) T (5) F 5. Choose the best answer to each of the following statements(1)-(5) BCDAD (6)-(10) BBDABChapter Three1. Define the following Terms:(1) Negotiable instrument

10、 “A negotiable instrument is a chose in action, the full and legal title to which is transferable by delivery of the instrument (possibly with the transferors endorsement) with the result that complete ownership of the instrument and all the property it represents passes free from equities to the tr

11、ansferee, providing the latter takes the instrument in good faith and for value.” (2) Bill of exchangeA bill of exchange is an unconditional order in writing, addressed by one person to another, signed by the person giving it, requiring the person to whom it is addressed to pay on demand, or at a fi

12、xed or determinable future time, a sum certain in money, to or to the order of a specified person, or to bearer. (3) CheckA check is an unconditional order in writing addressed by the customer to a bank signed by that customer authorizing the bank to pay on demand a specified sum of money to or to t

13、he order of a named person or to bearer. (4) Documentary billIt is a bill with shipping documents attached thereto. (5) CrossingA crossing is in effect an instruction to the paying bank from the drawer or holder to pay the fund to a bank only. 2. Translate the following terms into English.(1) 一般劃線支票

14、 generally crossed check(2) 特殊劃線支票specially crossed check(3) 過期支票 a check that is out of date (4) 未到期支票 post dated check(5) 大小寫金額 amount in words (6) 白背書 blank endorsement(7) 特別背書 special endorsement (8) 限制性背書 restrictive endorsement(9) 跟單匯票 documentary bill (10) 即期匯票 sight draft(11) 遠期匯票 usance/ter

15、m bill (12) 承兌匯票 acceptance bill(13) 可確定的未來某一天determinable future date (14) 光票 clean bill(15) 流通票據(jù) negotiable instrument (16) 貼現(xiàn)行 discounting house (17) 商人銀行 merchant bank (18) 無條件的付款承諾 unconditional promise of payment(19) 負連帶責(zé)任 jointly and severally responsible (20) 出票后90天付款 payable 90 days after d

16、ate3. Decide whether the following statements are true or false.(1) T (2) F (3) T (4) T (5) T (6) F (7) T (8) T (9) T (10) T(11) F (12) T (13) T (14) F (15) T (16) T (17) T (18) F (19) F (20) F 4. Choose the best answer to each of the following statements(1)-(5) CACBC (6)-(10) BACBB(11)-(15) BDCCC (

17、16)-(20) BBAAC5-7 略Chapter Four1. Fill in the blanks to complete each sentence.(1) beneficiary (2) payment order / mail advice / debit advice (3) the remittance amount is large / the transfer of funds is subject to a time limit / test key(4) sell it to his own bank for crediting his account (5) debi

18、ts / credits(6) demand draft(7) act of dishonor (8) swiftness / reliability / safety / inexpensiveness(9) debiting remitting banks nostro account(10) delivery of the goods2. Define the following Terms.(1) International remittance means a client (payer) asks his bank to send a sum of money to a benef

19、iciary abroad by one of the transfer methods at his option while the beneficiary can be paid at the designated bank which is either the remitting banks overseas branch or its correspondent with a nostro account.(2) Remitting bank is the bank transferring funds at the request of a remitter to its cor

20、respondent or its branch in another country and instructing the latter to pay a certain amount of money to a beneficiary.(3) A mail transfer is to transfer funds by means of a payment order or a mail advice, or sometimes a debit advice issued by a remitting bank, at the request of the remitter. (4)

21、Demand draft transfer is a remittance method using a bank demand draft. It is a negotiable instrument drawn by one bank on its overseas branch or its correspondent abroad ordering the latter to pay on demand the stated amount to the holder of the draft.(5) Cancellation of the reimbursement under mai

22、l transfer or telegraphic transfer is usually done before its payment is made at the request of the remitter or the payee who refuses to receive the payment.3. Translate the following terms into English.(1) 匯款通知單remittance advice(2) 匯出匯款outward remittance(3) 國際匯款單international money order(4) 往來賬戶cur

23、rent account(5) 自動支付系統(tǒng)automated payment system(6) 作為償付in cover(7) 賠償保證書letter of indemnity(8) 信匯通知書mail advice(9) 匯票的不可流通副本non-negotiable copy of draft(10) 首期付款down payment4. Choose the best answer to each of the following statements(1)-(5) BCABD (6)-(10) BBBAAChapter Five1. Fill in the blanks to co

24、mplete each sentence.(1) presenting bank (2) title documents / pays the draft / accepts the obligation to do so(3) legal / the exchange control authorities (4) the payment is made(5) open account / advance payment (6) Inward collection (7). the remitting bank (8) trust receipt(9) D/P at sight(10) do

25、cuments, draft, and collection order2. Define the following terms(1) Collection is an arrangement whereby the goods are shipped and a relevant bill of exchange is drawn by the seller on the buyer, and/or shipping documents are forwarded to the sellers bank with clear instructions for collection thro

26、ugh one of its correspondent banks located in the domicile of the buyer.(2) The case of need is the representative appointed by the principal to act as case of need in the event of non-acceptance and/or non-payment, whose power should be clearly and fully stated in the collection.(3) Documentary col

27、lection is a collection of financial instruments being accompanied by commercial documents or collection of commercial documents without being accompanied by financial instruments, that is, commercial documents without a bill of exchange. Alternatively, the documentary collection is a payment mechan

28、ism that allows the exporters to retain ownership of the goods until they receive payment or are reasonably certain that they will receive it.(4) Outward collection is a banking business in which a bank acting as the remitting bank sends the draft drawn against an export with or without shipping doc

29、uments attached, to an appropriate overseas bank, namely, the collecting bank to get the payment or acceptance from the importer.(5) Collection bill purchased is a kind of financing by banks for exporters under documentary collection methods. It means that the remitting bank purchases the documentar

30、y bill drawn by the exporter on the importer. It involves great risk for the remitting bank due to lack of a guarantee.3. Translate the following terms into English.(1) 承兌交單 acceptance against documents(2) 商業(yè)承兌匯票trade acceptance(3) 需要時的代理人case of need (4) 出口押匯export bill purchased(5) 物權(quán)單據(jù)title docum

31、ent (6) 以寄售方式on consignment(7) 直接托收direct collection(8) 貨運單據(jù)shipping documents (9) 付款交單documents against payment (10)遠期匯票time/ tenor/term/ usance draft4. Choose the best answer to each of the following statements(1)-(5) ABCAB (6)-(10) ACAADChapter Six1. Define the following terms:(1)Letter of credit

32、 The Documentary Credit or letter of credit is an undertaking issued by a bank for the account of the buyer (the applicant) or for its own account, to pay the beneficiary the value of the draft and/or documents provided that the terms and conditions of the documentary credit are complied with. (2)Co

33、nfirmed letter of credit A credit that carries the commitment to pay by both the issuing bank and the advising bank. (3) Revolving credit A credit by which, under the terms and conditions thereof, the amount is renewed or reinstated without specific amendments to the documentary credit being require

34、d. (4) Confirming bank A bank, usually the advising bank, which adds its undertaking to those of the issuing bank and assumes liability under the credit.(5) Applicant of the creditThe applicant is always an importer or a buyer, who fills out and signs an application form, requesting the bank to issu

35、e a credit in favor of an exporter or a seller abroad.2. Translate the following terms or sentences into English.(1) 未授權(quán)保兌 silent confirmation (2) 有效地點為開證行所在地的柜臺to expire at the counters of the issuing bank (3)憑代表物權(quán)的單據(jù)付款 to pay against documents representing the goods(4)信用證以銀行信用代替了商業(yè)信用。A credit plac

36、es a banks credit instead of commercial credit.(5)信用證獨立于它所代表的商業(yè)合同。A credit stands independent of the sales contract.3. Decide whether the following statements are true or false.(1) F (2) F (3) T (4) F (5) T (6) F (7) F (8) T (9) F (10) F(11) T (12) T (13) F (14) F (15) T 4. Choose the best answer to

37、 each of the following statements(1)-(5) BCDBA (6)-(10) DDCCC(11)-(15) DDADB (16)-(20) DDDABChapter Seven1. Fill in the blanks to complete each sentence.(1) completeness, correctness, consistency(2) underlying transaction(3) authorized signatures, test key(4) comply with(5) ISO currency code 2. Tran

38、slate the following terms or sentences into English.(1) 信用證表面的真實性 the apparent authenticity of the credit (2) 標(biāo)準(zhǔn)國際銀行慣例 international standard banking practice (3) 信息交換系統(tǒng)data communication network (4) 有足夠的資金來支付信用證to have sufficient funds to cover the credit(5) 買方考慮自己的要求也同樣的重要It is equally important t

39、hat the buyers own requirements be taken into account.3. Decide whether the following statements are true or false.(1) F (2) F (3) F (4) T (5) T (6) T (7) F (8) T (9) F (10) T4. Choose the best answer to each of the following statements(1)-(5) CDCBC (6)-(10) CAADD(11)-(15) ADDABChapter Eight1. Defin

40、e the following terms:(1) Commercial invoice The commercial invoice is the key accounting document describing the commercial transaction between the buyer and the seller. It is a document giving details of goods, service, price, quantity, settlement terms and shipment. (2) Export license An export l

41、icense is a document prepared by a government authority of a nation granting the right to export a specific quantity of a commodity to a specified country. (3) Bill of lading A bill of lading is a document issued by a carrier to a shipper, signed by the captain, agent, or owner of a vessel, providin

42、g written evidence regarding receipt of the goods, the conditions on which transportation is made, and the engagement to deliver goods at the prescribed port of destination to the lawful holder of the bill of lading. (4) Inspection certificate A document issued by an authority indicating that goods

43、have been inspected prior to shipment and the results of the inspection. (5) Consular invoice A consular invoice is an invoice covering a shipment of goods certified in the country of export by a local consul of the country for which the merchandise is destined. II. Translate the following into Engl

44、ish:(1) 戰(zhàn)略產(chǎn)品strategic commodity (2) 普惠制General System of Preference (3) 有預(yù)訂的泊位with reserved berth (4) 多式聯(lián)運提單multi-modal transport bill of lading (5) 抽樣方式sampling methodology3. Decide whether the following statements are true or false.(1) F (2) F (3) T (4) T (5) F (6) F (7) F (8) T (9) T (10) F4. Cho

45、ose the best answer to each of the following statements(1)-(5) ABDAC (6)-(10) CCCDA(11)-(15) DDAAA (16)-(20) ABACDChapter Nine1. Fill in the blanks to complete each sentence.(1) acceptable accounts receivable / non-recourse and notification(2) collection as well as the risk of credit losses (3) the

46、level of sales(4) changes in the world economic structure (5) growing demands (6) purchasing the clients accounts receivables (7) financial and administration (8) the invoice date / the customer makes his payment(9) market conditions and his assessment of the risks involved in a particular transacti

47、on(10) fluctuations in the exchange rate / in the status of the debtor2. Define the following terms (1) Factoring is a form of trade financing that allows sellers to sell their products to overseas buyers essentially on an open account basis. In simple terms, factoring is the purchase of claims, ari

48、sing from sales of goods, by a specialized company known as factoring company or factor. Factoring is in fact a three-party transaction between the factor and a business entity, i.e. the exporter selling goods or providing services to foreign the importer.(2) Forfaiting is the term generally used to

49、 denote the purchase of obligations falling due at some future date, arising from deliveries of goods and services-mostly export transactions-without recourse to any previous holder of the obligation. Simply speaking, forfaiting is the business of discounting medium-term promissory notes or drafts r

50、elated to an international trade transaction.3. Translate the following terms into English.(1)或有負債contingent liability(2)信用額度credit limit(3)賣方信貸supplier credit(4)無追索權(quán)的without recourse(5)信用審定credit approval(6)資本貨物capital goods(7)買方信貸擔(dān)保buyer credit guarantee(8)福費廷融資便利forfaiting facility(9)貿(mào)易壁壘trade ba

51、rrier(10)大宗采購折扣bulk purchase discount4. Choose the best answer to each of the following statements(1) B (2)A (3) D (4) C (5) DChapter 101. Fill in the blanks to complete each sentence.(1) secure mechanism for payment / default instrument (2) party tendering / the contract has been awarded(3) present

52、ation of the beneficiarys demand and stipulated documentation(4) issue a guarantee directly to the beneficiary (5) Unconditional bonds(6) withdraw its bid / accept the award of contract in its favor / between 2% and 5% (7) UCP for documentary credits / Uniform Rules for Demand Guarantee.(8) An advan

53、ce payment (9) borrower (the principal) / the lender (the beneficiary) (10) counter indemnity2. Define the following terms (1) A bank guarantee is an instrument for securing performance or payment especially in international business. It is a written promise issued by a bank at the request of its cu

54、stomer, undertaking to make payment to the beneficiary within the limits of a stated sum of money in the event of default by the principal. It may also be defined as an independent obligation where the guarantor has to make a special agreement with its customer, ensuring that it will be refunded by

55、him for any payment to be effected under the contract of guarantee.(2) A beneficiary is the party in whose favor the guarantee is issued. He is secured against the risk of the principals not fulfilling his obligations towards the beneficiary in respect of the underlying transaction for which the demand guarantee is given. He will not obtain a sum of money if the obligations are not fulfilled.(3) An indirect guarantee is a guarantee where a se