international-payment---system

1、What is payment system ?,1.Cash payment systems,Importer,Exporter,Not easy to carry, slow payment, unsafe.,2. Non-cash payment through banks,Bank A,Bank B,The exchange of message and changes of account balances.,Balance

2、 of Bank B’s a/c,Balance of Bank A’s a/c,Electronic payment system,or,,,MT=Message test standard=Standardized format,S.W.I.F.T.= Society for Worldwide inter-bank Financial Telecommunication,Advantages: Faster, more

3、 reliable communicationReduced transaction errorsLower transmission costsGreater efficiency,Better statisticsIncreased security,The S.W.F.T. Net,SWIFT Operating Center in Brussels,SWIFT Operating Centre in Amsterda

4、m,SWIFT Operating Center in Virginia,,,,10 types of formalized message,MT 100 Customer Transfer, ChequeMT 200 Financial Institution Transfer for Its Own AccountMT 300 Foreign Exchange Deals, Deposits and LoansMT 400

5、Collection, Cash LettersMT 500 SecuritiesMT 600 Precious Metals and SyndicationsMT 700 Documentary Credits and GuaranteesMT 800 Travellers ChequesMT 900 Statement, etc.MT 1000 SWIFT Telegraphs etc.,（1）每一類電訊根據(jù)業(yè)務(wù)情況

6、分為若干種格式，每一種格式又由若干個項目組成。每個項目可根據(jù)業(yè)務(wù)要求進(jìn)行多種選擇。（2）電訊傳遞安全可靠。每一份電訊都得到SWIFT的發(fā)妥或未發(fā)妥證實，在未發(fā)妥證實中說明未發(fā)妥的原因。,（3）自動核押加密。SWIFT密押(authentication key)由電腦自動完成編押、核押工作。密押的組成根據(jù)電文中的貨幣名稱、金額、日期以及每一個字符作為編押依據(jù)，在每份電訊最后寫上自動核押（SAC=SYSTEM AUTH

7、ENTICATION CORRECT）字樣。（4）SWIFT速度快，費用底，是普通電傳的48~192倍，每份電訊的費用是普通電報的2 / 3左右，是電傳的1 / 7。,Example of MT701 (Documentary Credit ):D1022TLRM301R1022BJT0 174ZCZC BJT174 CPUA347 S9710221753210RN105122463P3 TJBOC.ICUA:TO:1

8、751 22 BKCHCNBJA20010512（發(fā)電銀行參考號）BANK OF CHNINA TIANJIN:FM:1718 22CHGKJPJZAXXX28202 CHUGOKU BANK, LTD., THE OKAYAMA: MT: 700 02: 27: SEQUENCE OF TOTAL: 1 / 2: 40A: FORM OF DOC. CREDIT: IRREVOCABLE: 20: DOC.

9、CREDIT NUMBER: 17-10---537: 31C: DATE OF ISSUE: 971216: 31d: EXPIRY: DATE: 971216 PLACE: IN CHINA: 50: APPLICANT: MARUBENI CORPORATION 5-7 HONMACHI 2-CHOME CHUO-KO

10、 OSAKA JAPAN: 59: BENEFICIARY: TIANJIN ANMAL BY-PRODUCTS IMPORT AND EXPORT CORP. 80 YANTAI STREET, TIANJIN, CHINA: 32B: AMOUNT: CURRENCY: USD AMOUNT:46530,00,OCEAN MARINE CARGO C

11、LAUSES (ALL RISKS) AND OCEAN MARINE WAR RISKS OF PICC CLAIMS TO BE PAYABLE IN JAPAN IN THE CURRENCY OF THE DRAFT（S） +WEIGHT LIST， CERTIFICATE OF ORIGIN / QUALITY CERTIFICATE / VETERIN

12、ARY CERTIFICATE IN DUPLICATE: 47A ADDITIONAL COND.::71B: DETAILS OF CHARGES: +ALL BANKING CHARGES OUTSIDE JAPAN AND REMITTANCE CHARGES AND ITS CABLE CHARGES ARE FOR BENEFICIARY’S ACCOUNT: 48: PRES

13、ENTATION ERIOD: DOCUMENTS TO BE PRESENTED WITHIN 21 DAYS OF AFTER THE DATEOF ISSUANCE OF TRANSPORT DOCUMENTS BUT WITHIN THE VALIDITY OF THE CREIDT: 49: CONFIRMATION: WITHOUT: 53- : REIMBURSEMENT BANK: C

14、HGKJPJZ: SX53: CHGKJPJZXXX +CHUGOKU BANK, LTD., THE +OKAYAMA: 78: INSTRUCTIONS: THE NEGOTIATING BANK MUST SEND ALL DOCUMENTS AND DRAFTS TO US 15-20, MARUNOUCHI 1-CHOME, OKAYAMA JAPAN (

15、P.O. BOX 28 OKAYAMA 700-91, JAPAN) IN TWO CONSECUTIVE AIRMAILS. NEGOTIATING,CHIPS as a Payment System: CHIPS has earned the reputation of the most effective, large-value real-time payments system in the world.

16、Transfers an average total value in excess of $1.37 trillion a day, with only $2.8 billion in prefunding. Clears and settles 267,000 transactions on an average day. 85% of all payments are processed through our syst

17、em by 12 pm each day. Handles 95% of all U.S. dollar cross-border payments. Only U.S. real-time payments system with Remittance Information Delivery capability. Over 34 years of experience, knowledge and reliabi

18、lity. Customers represent 22 countries from around the world. Large and small payment transactions U.S. dollar foreign exchange settlements Financial settlements (ex. Loan and interest payments) Commercial payments