国贸国际结算复习-案例评析（Review of international settlement in China World Trade Center a case study）.doc

国贸国际结算复习-案例评析（Review of international settlement in China World Trade Center a case study） Case 1 bank loss caused by foreign exchange bill Basic facts In the late 90s of the last century, Shenzhen A signed a contract for import plywood with B merchants in singapore. The total amount of the contract is $7 million, and the payment is D/P, allowing partial shipment. In accordance with D/P, the first batch of plywood with a value of $600 thousand arrived on time and was considered to be of good quality after inspection. A was very satisfied with it. When the delivery date of the second batch of plywood is due, the B merchant puts forward to A company: in view of the difficulty in the cash flow of your company, we will allow you to adopt the forward payment method to help your company. As a buyer, you can give us a draft of $7 million payable one year later, and accept the acceptance of Shenzhen branch of the peoples Construction Bank of china. After acceptance, you may rest assured that within one year, we guarantee that 7 million dollars of plywood will be delivered to you. Today, next year, your company will pay US $7 million. A executives embraced the proposal of B merchants. He thinks, I dont pay now, only the usance bill, B merchant can deliver the goods, after receiving the goods, I can sell on the domestic market. By this time of the year, selling plywood can also be used for payment expires next year, with the building, and then earn money to pay the purchase price speculation. This is really a free business, Why not?! However, As boss, unexpected is that this B merchant accepted draft in Singapore the United States bank discount of $6 million. Because the dollar interest rate of the bank is low, the bank can recover more than 1 million dollars a year after discounting, which is very cost-effective. So, the Bank of America paid 6 million dollars of cash to the B merchant, thus becoming the transferee of the usance draft. When the B merchant got the $6 million c