《国际结算（英）》教学大纲
一、课程基本信息
课
程
号 0603622
编
其 它 中 文 名 称
课 程 英 文 名 称
课
程
类
别
适
用
专
业
先 修 课
International Payments and Settlements
专业选修课（Elective course）
金融学、财务管理、会计学、国际经济与贸易、经济学
国际贸易实务，金融英语
程
学
分
学
时
2 学分， 共 32 学时，其中理论课 30 学时，实验 2 学时
考
核
方
式
Close-book examination
Participation and attendance 10%，final exam 80%，
Practice 10%
大纲撰写人及日期 叶文琴于 2006 年 3 月修订
成绩评定方法
课
程
简
建
议
教
参
考
This course is one of the important courses of international
banking practice. It will introduce the evolvement of the
international payments and settlements, the principles of
draft, documentary collections, letters of credit, forfeiting
介
and factoring and their usage in international payments and
settlements as well as the international rules and regulations
regarding international trade finance payments and especially
introduce UCP 500 and the upcoming UCP600.
Shen Jincang, International Payments and Settlements．
（first
材
edition）．上海外语教育出版社，1996
[1] 顾宏远．跟单信用证与国际惯例—UCP500 详解．杭
州大学出版社，1994
[2] 顾宏远．国际贸易结算．
（第 1 版）．浙江大学出版社，
2006
[3] 苏宗祥．国际结算．
（第 1 版）．中国金融出版社，2004
书 [4] James E. Byrne and Christopher S. Byrnes
LC Survey 2002， LC Survey 2003, LC Survey 2006
Institute of International Banking Law & Practice, Inc.
[5] Professor James E. Byrne, LC Rules $ Laws Critical
Texts， 2003，Institute of International Banking Law &
Practices, Inc.
二、The feature and students of the course
The course is open for the students majoring in International Finance,
Accounting and International Trade. It will provide the students with a comprehensive
overview of bank practices in international payments and settlements and introduce
various techniques in international trade finance.
三. The aim and requirements of the course
Aim of the course：The overall aim of this course is to develop the students’
understanding in international payments and settlements and to increase the students’
ability to conduct international banking practices. The students will develop a better
understanding of the advantages as well as the risks involved in using these payments
methods. By the end of the course, the students will be able to understand the
documentation, international rules and regulations regarding international trade
finance; to understand the principles of letter of credit, documentary collections,
drafts, etc.; to understand the different types of letters of credit and their usages in
practice. This course will also keep the students well informed of the latest
developments in international finance.
Requirements：In the course， the students are required to be able to draw a draft,
issue and examine documents under a letter of credit, and apply the terms of UCP 500
and the upcoming UCP600 to analyze cases.
四、Method of teaching
This course is mainly delivered by lectures and incorporates the use of exercises,
cases and discussions.
五、Content of the course and time allocation
Chapter One
Introduction
Class hour :1
Requirements：This chapter will make a general introduction of the course , the
rough content of the international trade finance and its evolvement. The students are
required to be familiar with the characteristics of the course and the main terms of
trade such as in intercom 2000.
Priority: feature of the international payments and settlements
Content:
1.What are international payments and settlements
2.Evolution of international payments and settlements
3.Basic points for attention in international payments and settlements
4.Characteristics of modern international payments and settlements
Chapter Two
Credit Instruments
Class hour: 1
Requirements：to understand the features, function and the parties of the
negotiable instruments and to have a good grasp of the principle of the negotiable
instruments.
Priority：negotiation of instrument
Content :
1.Characteristics of a negotiable instrument
2.Functions of a negotiable instrument
3.Parties to a negotiable instrument
Chapter Three
Bill of Exchange---Definition, Acts
Class hour: 2
Requirements：to learn the definition, principle and acts of the draft.
Priority：feature of a bill of exchange
Content:
1.What is a bill of exchange: As defined in the Bills of Exchange Act 1882 of the
United Kingdom, a 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 fixed or determinable future time a sum certain
in money to or to the order of a specified person or to bearer.
2.Acts of a bill of exchange
Issue
Endorsement
Presentment
Acceptance
Payment
Dishonour
Notice of dishonour
Protest
Right of recourse
Acceptance for honour supra protest
Payment for honour supra protest
Guarantee
Chapter Four
Bill of Exchange---Lost Bill, Discounting, Accepting
and Forfaiting a Bill, Classification
Class hour:1.5
Requirements：to grasp the discounting and acceptance of a draft and identify
various types of draft.
Priority：discounting and acceptance of a bill of exchange
Content:
1.Lost bill of exchange
2.Discounting, accepting and forfeiting a bill of exchange
3.Classification of a bill of exchange
Chapter Five
Class hour: 0.5 hour
Promissory Note
Requirements：have a better understanding of the feature of a promissory note
and distinguish the difference of promissory note and draft.
Priority: difference from bill of exchange
Content:
1.What is a promissory note
2.Characteristics of a promissory note
3.Essentials to a promissory note
4.Difference between a bill of exchange and a promissory note
Chapter Six
Cheque
Class hour: 1
Requirements：to understand the feature of a cheque and distinguish it from a
draft.
Priority：feature of a cheque
Content:
1.What is a cheque
2.Essentials to a cheque
3.Features of a cheque
4.Countermand of payment
5.Wrongful dishonour of a cheque
6.Crossed cheques
7.Difference between a bill of exchange and a cheque
Chapter Seven
Correspondent Banking Relationships
Class hour: 1
Requirements ： to realize the importance and necessity of establishing
correspondent relationship.
Priority：control documents
Content:
1.Correspondent bank, branch, representative office, agency, banking subsidiary
and affiliate
2.Why establish correspondent banking relationship
3.Which banks should become the correspondents
4.How to establish correspondent banking relationship
5.Control documents
6.Expanding international banking business with the aid of foreign
correspondents
Chapter Eight
Remittance
Class hour: 1
Requirements：to understand the principle of remittance and the practices.
Priority：advantage and disadvantage of remittance
Content :
1.Parties related to a remittance
2.Accounts between international banks
3.Ways of transfer
4.Methods of reimbursement
5.Cancellation of the remittance
6.Advantages and disadvantages of different ways of transfer
Chapter Nine Terms and Methods of Payment in International
Trade---Payment in Advance, Open Account Business, Factoring,
Collection
Class hour:2
Requirements：have a better understanding of various methods of payment.
Priority：factoring and collection
Content :
1.Payment in advance
2.Open account business
3.Factoring
4.Collection
What is a collection
Parties to a collection
Types of collections: Documents against payment (D/P)
Documents against acceptance (D/A)
Collection procedure
Risks and advantages of collection method
Liability and responsibility of the banks doing collection business
Chapter Ten Terms and Methods of Payment in International Trade
-----Letters of Credit(L/C)
Class hour: 6
Requirements：to understand the principle of the letters of credit, to be
acquainted with the rights and obligations of various parties of the L/C. to understand
the features of different types of letters of credit and the procedure of issuing and
usage of a credit and the practice of amendment of a credit.
Priority：Characteristics of a letter of credit
Content:
1.What is L/C
2.Characteristics of a letter of credit
3.Functions, advantages and disadvantages of a letter of credit
4.Parties to a letter of credit
5.Contents of a letter of credit
6.Classification of letters of credit
Documentary credit:
Irrevocable credit
Confirmed credit
Unconfirmed credit
Sight credit
Usance or time credit
Payment credit
Deferred payment letter of credit
Acceptance letter of credit
Negotiation credit
Revolving credit
Transferable credit
Back to back letter of credit
7.Procedures of letter of credit operations
8.Amendment under a letter of credit
Chapter Eleven
Terms and Methods of Payment in International
Trade---Letters of Guarantee
Class hour: 1
Requirements：to understand the feature of a letter of guarantee, and its
difference from a letter of credit. To be familiar with various types of letters of
guarantee.
Priority：nature of a letter of guarantee
Content:
1.Nature of demand guarantee
2.Parties to a letter of guarantee
3.Contents and clauses under a guarantee
4.Types of guarantees
5.Points for attention in establishing a letter of guarantee
6.Forms of a letter of guarantee
7.Difference between a letter of guarantee and a letter of credit
8.Cancellation of a guarantee
9.Standby letter of credit
Chapter Twelve
Documents-Draft, Invoice, Insurance Policy
Class hour: 1
Requirements：to understand the feature of various documents, content and their
functions and learn to make and examine various documents.
Priority：to draw a draft
Content:
1.Draft
2.Invoice
3.Insurance policy or certificate
Chapter Thirteen Documents---Air Waybill, Road Waybill, Cargo
Receipt, Parcel Post Receipt, Bill of Lading
Class hour: 3
Requirements: to understand the three functions of ocean B/L and distinguish it
from other transport documents.
Priority: Characteristics of the ocean B/L
Content:
1.Air waybill
2.Road waybill, consignment note
3.Cargo receipt, railway bill
4.Courier receipt and post receipt
5.Bill of lading
What is a bill of lading
The functions of a bill of lading
Parties to a bill of lading
Types of bill of lading
(1)Shipped on board bill of lading
(2)Received for shipment bill of lading
(3)Direct bill of lading
(4)Transshipment bill of lading
(5)Straight bill of lading or named consignee bill of lading
(6)Order bill of lading, or negotiable bill of lading
(7)Clean bill of lading and unclean bill of lading
(8)Stale bill of lading
Chapter Fourteen Documents—Combined Transport Documents,
Miscellaneous Documents
Class hour: 2
Requirements：to understand multi-mode transportation documents and various
export documents.
Priority：combined transport documents and the difference between CTD and
ocean B/L
Content:
1.Combined transport documents
2.Miscellaneous documents
Consular invoice
Certificate of origin and A GSP Certificate of origin Form A
Customs invoice
Inspection certificate
Packing list
Beneficiary’s statement
Chapter Fifteen Documents examination and Reimbursement
Class hour: 2
Requirements：learn to examine documents against L/C and learn how to handle
discrepant documents so as to better understand and apply UCP500 or upcoming
UCP600.
Priority：to grasp the skill of examining documents
Content:
1.General principle
2.Examining a draft
3.Examining a commercial invoice
4.Examining a certificate of origin
5.Examining Marine Insurance Documents
6.Examining a bill of lading
7.Examining other documents
8.Most common discrepancies
9.Bank’s common practice if the documents presented do not meet the credit
requirement
10.Payment refused by the issuing bank
11.Payment and reimbursement under a letter of credit
Chapter Sixteen Supplementary material: Uniform Customs and
Practice for Documentary Credits-----1993 Revision (Publication No.
500)
Class hour: 4
Requirements： In order to be familiar with the international regulations and
uniform practices, we require the students to understand the mains articles of UCP
500 and learn application of the terms in banking practice.
Content:
all the articles of UCP 500 and introduction of upcoming UCP 600
六. Practice and case discussion
Requirements: In order to let students have an real experience in bank’s
documentary credit operation, we’ll organize the students to issue a set of shipping
documents according to an L/C and examine the documents. Finally the students will
have a seminar dealing with cases of L/Cs subject to UCP 500.
Class hour: 2 hours