Bài thuyết trình BILL OF EXCHANGE
Group: AVENGERS BILL of EXCHANGE (B/E) TẤT ĐẠT 1 2 3 4 5 DEFINITION TYPES FUNCTIONS HOW TO USE PRACTICAL SAMPLE OF B/E PRESENTATION OUTLINE TẤT ĐẠT An unconditional order for payment drawn on a drawee by a drawer requesting the drawee at sight of the bill of exchange or on a specific date or a determinable future time to pay a certain amount to a beneficiary or to order of this beneficiary to pay to another one or to the bearer DEFINITION TẤT ĐẠT Parties in B/E circulation Drawer: the party who signs the B/E, requesting the payment Drawee: the party on whom the B/E is drawn Bearer: the last beneficiary who presents the B/E for getting payment DEFINITION VÂN ANH As to Tenor of Payment Sight Bill is payable on demand or at sight or on Time/Usance Bill is payable at a fixed or determinable future time presentation and when no time for payment is specified in it presented to the drawee at any time diarised TYPES VÂN ANH As to Origin Inland Bill Foreign Bill defined as a promissory note, bill of exchange or drawn in one country and payable in another cheque both drawn and made payable in the same country country TYPES HỒNG PHÚC Features of B/E Must be in writing Must be dated Must contain an order to pay a certain sum of money Must be unconditional Must be payable to a definite person or to his order or to the bearer Must be for specified amount and specified period Must be accepted be the party on whom the order is made One language is used Made out into many copies (two is popular) Corrections are not accepted in B/E FUNCTIONS HỒNG PHÚC Functions of B/E Facilitates the granting of trade credit in a legal format Provides formal evidence of the demand for payment from a seller to a buyer Provides the seller with access to finance FUNCTIONS HỒNG PHÚC Functions of B/E Permits the banker or financier to retain a valid legal claim on both the buyer and the seller Permits a seller to obtain greater security over the payment Allows a seller protect their access to the legal system in the event of problems, while providing easier access to that legal system FUNCTIONS TRỌNG NGHĨA ac ce pt ed Example A $500 B $500 HOW TO USE TRỌNG NGHĨA Acceptance of Draf The payer recorded on the front, lower left corner of the draft after the "To:" with the words: "Accepted" and then the signature of the payer In case, the front was filled, then this procedure will be done on the back draft The payers have the right to refuse acceptance of the draft if there are legitimate reasons A draft, if signed acceptance, will ensure the reliability of payment and will easily flow more favorable for the transfer HOW TO USE HẢI LINH – ANH QUÂN Form of B/E The validity of written or printed B/E is not affected by its length Pencil, red ink or easily-faded ink is not allowed in writing drafts PRACTICAL SAMPLE OF B/E Analyze contents of B/E HẢI LINH – ANH QUÂN B/E number B/E title B/E amount Place of drawing B/E B/E date Time of payment Beneficiary In case an L/C is relevant, B/E usually includes “ll charges and amount will be to the account of … (the importer)” with information about the L/C Name, address of the drawer and signature of the legal representative of the drawer Name, address of the drawee PRACTICAL SAMPLE OF B/E HẢI LINH – ANH QUÂN THANK YOU FOR YOUR ATTENTION!!! Reference: IMPORT-EXPORT AND INTERNATIONAL PAYMENT by NGUYEN XUAN MINH, Ph.D ... TO USE PRACTICAL SAMPLE OF B/E PRESENTATION OUTLINE TẤT ĐẠT An unconditional order for payment drawn on a drawee by a drawer requesting the drawee at sight of the bill of exchange or on a specific... to the drawee at any time diarised TYPES VÂN ANH As to Origin Inland Bill Foreign Bill defined as a promissory note, bill of exchange or drawn in one country and payable in another cheque both... information about the L/C Name, address of the drawer and signature of the legal representative of the drawer Name, address of the drawee PRACTICAL SAMPLE OF B/E HẢI LINH – ANH QUÂN THANK YOU FOR