international-payment---system.ppt

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1、What is payment system ?1.Cash payment systemsImporterExporterGoodsCashNot easy to carry, slow payment, unsafe.2. Non-cash payment through banks DraftOrder to payBank ADraft & message(money transfer instruction)Bank BpresentpayMessage : credit advice or authorization to debit its a/cThe exchange of

2、message and changes of account balances.Balance of Bank Bs a/cBalance of Bank As a/cElectronic payment systemEnquiryLink PCBank AModem 调制解调器POPEnquiryLink PCBank BModemPOPSWIFT NetPOP电话电话接入网点接入网点LAN局域网局域网Customer-managedDial router 路由器路由器SWIFTNetorMT=Message test standard=Standardized formatS.W.I.F.

3、T.= Society for Worldwide inter-bank Financial TelecommunicationAdvantages: -Faster, more reliable communication-Reduced transaction errors-Lower transmission costs-Greater efficiency-Better statistics-Increased securityThe S.W.F.T. NetSWIFT Operating Center in BrusselsSWIFT Operating Centre in Amst

4、erdamSWIFT Operating Center in VirginiaSliceprocessorSliceprocessorSliceprocessorRegional processorRegional processorRegional processorUserUserUserUserUserUserFIN traffic (in number of messages)Total number of messages (year to date)1,321,305,048Message growth (total traffic year to date)12.91%Avera

5、ge daily traffic (year to date)9,040,746Message growth (average daily)12.56%Latest peak day: 30 June 200410,139,170FIN availabilityFIN systems99.999%Transport network99.995%Overall service99.995%FIN customer baseLive countries202Live members2,293Live sub-members3,018Live participants2,267Total live现

6、存的现存的 users7,578S.W.F.T. Statistics10 types of formalized messageMT 100 Customer Transfer, ChequeMT 200 Financial Institution Transfer for Its Own AccountMT 300 Foreign Exchange Deals, Deposits and LoansMT 400 Collection, Cash LettersMT 500 SecuritiesMT 600 Precious Metals and SyndicationsMT 700 Doc

7、umentary Credits and GuaranteesMT 800 Travellers ChequesMT 900 Statement, etc.MT 1000 SWIFT Telegraphs etc.（1）每一类电讯根据业每一类电讯根据业务情况分为若干种格式务情况分为若干种格式，每一种格式又由若干，每一种格式又由若干个项目组成。每个项目个项目组成。每个项目可根据业务要求进行多可根据业务要求进行多种选择。种选择。（2）电讯传递安全可靠电讯传递安全可靠。每一份电讯都得到。每一份电讯都得到SWIFT的发妥或未发妥证的发妥或未发妥证实，在未发妥证实中说实，在未发妥证实中说明未发妥的原因。

8、明未发妥的原因。（3）自动核押加密。自动核押加密。SWIFT密押密押(authentication key)由电脑自动完成编押、核由电脑自动完成编押、核押工作。密押的组成根据电文中的货币名称、金额、日期以及每一个字符作押工作。密押的组成根据电文中的货币名称、金额、日期以及每一个字符作为编押依据，在每份电讯最后写上自动核押（为编押依据，在每份电讯最后写上自动核押（SAC=SYSTEM AUTHENTICATION CORRECT）字样。）字样。（4）SWIFT速度快，费用底，是普通电传的速度快，费用底，是普通电传的48192倍，每份电讯的费用是普通倍，每份电讯的费用是普通电报的电报的2 / 3左

9、右，是电传的左右，是电传的1 / 7。Example of MT701 (Documentary Credit ):D1022TLRM301R1022BJT0 174ZCZC BJT174 CPUA347 S9710221753210RN105122463P3 TJBOC.ICUA:TO:1751 22 BKCHCNBJA20010512（发电银行参考号）（发电银行参考号）BANK OF CHNINA TIANJIN:FM:1718 22CHGKJPJZAXXX28202 CHUGOKU BANK, LTD., THE OKAYAMA: MT: 700 02: 27: SEQUENCE OF

10、TOTAL: 1 / 2: 40A: FORM OF DOC. CREDIT: IRREVOCABLE: 20: DOC.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 OSAKA JAPAN: 59: BENEFICIARY: TIANJIN ANMAL BY-PRODUCTS IMPORT AND EXPORT COR

11、P. 80 YANTAI STREET, TIANJIN, CHINA: 32B: AMOUNT: CURRENCY: USD AMOUNT:46530,00: 39A: POS./ NEG. TOL. 05/05: 41-: AVALIABLE WITH / BY : ANY BANK BY NEGOTIATION: 42C: DRAFTS AT : DTRAFTS AT SIGHT: 42- : DRAWEE: CHGKJPJZ: SX42: CHGKJPJZXXX CHUGOKU BANK, LTD., THE OKAYAMA: 43P: PARTIAL SHIPMENTS: ALLOW

12、ED: 43T: TRASSHIPMENT: PROHIBITED: 44A: LOADING IN CHARGES: SHIPMENT FROM CHINESE PORT: 44B: FOR TRANSPORT TO: FOR TRANSPORTATION TO OSAKA / NAGOYA, JAPAN: 44C: LATEST DATE OF SHIP: 971125: 45A: SHIPMENT OF GOODS: LIGHT GREY DEHAIRED GOATSWOOL(KVT02) CONTRACT NO.9707JW518 1,000KGS.AT USD 47.00/KG. C

13、.I.F. OSAKA / NAGOYA, JAPAN: 46A: DOCUMENTS REQUIRED: + SIGNED COMMERCIAL INVOICE IN SEXTUPLICATE INDICATING CONTRACT NO.BB2769 AND ACCOUNTEES REF. NO.3X345. + FULL SET OF CLEAN ON BOARD OCEAN BILLS OF LADING MADE OUT TO ORDER OF SHIPPER AND BLANK ENDORSED AND MARKED FREIGHT PREPAID AND NOTIFY MARUB

14、ENI CORPORATION, OSAKA. + INSURANCE POLICY OR CERTIFICATE IN DUPLICATE, ENDORSED IN BLANK, FOR 110 PERCENT OF THE INVOICE VALUE, INCLUDING: 接上页接上页 OCEAN MARINE CARGO CLAUSES (ALL RISKS) AND OCEAN MARINE WAR RISKS OF PICC CLAIMS TO BE PAYABLE IN JAPAN IN THE CURRENCY OF THE DRAFT（S） +WEIGHT LIST， CER

15、TIFICATE OF ORIGIN / QUALITY CERTIFICATE / VETERINARY CERTIFICATE IN DUPLICATE: 47A ADDITIONAL COND.:71B: DETAILS OF CHARGES: +ALL BANKING CHARGES OUTSIDE JAPAN AND REMITTANCE CHARGES AND ITS CABLE CHARGES ARE FOR BENEFICIARYS ACCOUNT: 48: PRESENTATION ERIOD: DOCUMENTS TO BE PRESENTED WITHIN 21 DAYS

16、 OF AFTER THE DATEOF ISSUANCE OF TRANSPORT DOCUMENTS BUT WITHIN THE VALIDITY OF THE CREIDT: 49: CONFIRMATION: WITHOUT: 53- : REIMBURSEMENT BANK: CHGKJPJZ: SX53: CHGKJPJZXXX +CHUGOKU BANK, LTD., THE +OKAYAMA: 78: INSTRUCTIONS: THE NEGOTIATING BANK MUST SEND ALL DOCUMENTS AND DRAFTS TO US 15-20, MARUN

17、OUCHI 1-CHOME, OKAYAMA JAPAN (P.O. BOX 28 OKAYAMA 700-91, JAPAN) IN TWO CONSECUTIVE AIRMAILS. NEGOTIATING 接上页接上页 BANKS INSTRUCTIONS. - MAC / BC1A4AD8: SAC=10222304NNNNShipment / Dispatch / Taking in chargefrom / at . For transportation to 由由 装运至装运至44OTransshipment 转运转运43TOPartial shipments 分批装运分批装运4

18、3PODrafts at Drawn on . 汇票期限汇票期限 票据开给票据开给42OAvailable with by 结算银行，结算方式结算银行，结算方式41MMAmount specification 金额说明金额说明39OCurrency Code, Amount 计价货币代码、金额计价货币代码、金额32BMBeneficiary 受益人受益人59MApplicant 申请人申请人50MApplicant bank申请人的开证行申请人的开证行51sODate and place of expiry 到期日和地点到期日和地点31DMDate of issue 开证日期开证日期31COR

19、eference to Pre-Advice 预告摘要预告摘要23ODocumentary Credit No. 信用证编号信用证编号20MForm of Documentary Credit 信用证类别信用证类别40AMSequence of total 合计次序合计次序27M MT 700 ISSUE OF DOCUMENTARY CREDITEnquiryLink PCBank AEnquiryLink PCBank BBank to Bank Information 银行间通讯银行间通讯72O“Advising through” Bank 转递银行转递银行57sOInstruction

20、s to the Pay / Acc. / Neg. Bank 给指定银行的指示给指定银行的指示78OReimbursement Bank 偿付行偿付行53sOConfirmation instructions 保兑予否的指示保兑予否的指示49MPeriod for presentation 交单时间交单时间48OCharges 费用费用71BOAdditional Conditions 附加条件附加条件47AODocuments required 所需单据所需单据46AOShipment of ( goods ) 货币描述和交易条件货币描述和交易条件45AO MT 700 ISSUE OF

21、DOCUMENTARY CREDIT收电银行参考号的构成收电银行参考号的构成 ：1751 22 BKCH CN BJ A 200 1051收电时间收电时间收电日期收电日期银行代码银行代码国家代码国家代码城市代码城市代码终端编码终端编码分行代码分行代码收电序号收电序号M = Mandatory必选项必选项O = Optional任选项任选项ACK=收妥证实收妥证实NAK=该电未发妥该电未发妥发电银行参考号的构成发电银行参考号的构成 ：1718 22 CHGK JP JZ S 181 28202发电时间发电时间发电日期发电日期银行代码银行代码国家代码国家代码城市代码城市代码终端编码终端编码分行代码

22、分行代码发电序号发电序号MT700/701：开立信用证时使用的格式：开立信用证时使用的格式MT705：信用证预先通知：信用证预先通知MT707：信用证修改：信用证修改MT710/711：通知由第三家银行开立跟单信用证：通知由第三家银行开立跟单信用证MT720/721：转让跟单信用证：转让跟单信用证MT730：确认收妥跟单信用证，证实已同治受益人：确认收妥跟单信用证，证实已同治受益人MT732：通知单据已经被申请人接受：通知单据已经被申请人接受MT734：通知单证不符和拒绝通知：通知单证不符和拒绝通知MT740：偿付授权：偿付授权MT742：索偿：索偿MT750：电提：电提MT752：接受电提：

23、接受电提MT754：指定银行通知开证行：指定银行通知开证行 单证相符已付款单证相符已付款MT756：偿付行通知已付款：偿付行通知已付款Clearing House Inter-bank Payment System (CHIPS) in New YorkFederal Reserve System New York MemberBank AMemberBank FMemberBank EMemberBank DMemberBank CMemberBank BNon member Bank Opena/c atNon member Bank Opena/c atNon member Bank O

24、pena/c atNon member Bank Opena/c atNon member Bank Opena/c atNon member Bank Opena/c atNon member Bank Opena/c atNon member Bank Opena/c atBank As a / cBank Bs a / cBank Cs a / cBank Ds a / cBank Es a / cBank Fs a / cEach member bank has a ABA No. Each non-member bank opening a/c at member bank has

25、a UID No.CHIPS information systemCHIPS, a netting system322611722054netTotal 29722211621545 Net Total 47892823879189016791968827921Debit8535261857925481836954 Bank F67461913159311088161316 Bank E6962250148321581546274 Bank D813969225116845283724 Bank C80441268145229437281653 Bank B946618648453217137

26、52156 Bank A CreditBank FBank EBank DBank CBank BBank AExchanged inExchanged outExchanged out = Cheques to other banks exchanged out at clearing house= cheques to be paid from other banks.Exchanged in = Cheques from other banks exchanged in at clearing house=to be paid to other banks.Unit: USD thous

27、and Credit balance Debit balance = net balanceCHIPS as a Payment System: CHIPS has earned the reputation of the most effective, large-value real-time payments system in the world. Transfers an average total value in excess of $1.37 trillion a day, with only $2.8 billion in prefunding. Clears and set

28、tles 267,000 transactions on an average day. 85% of all payments are processed through our system 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 r

29、eliability. 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 Off shore investments Example of T / T through CHIPSFM: ICBC, TIANJINTO: CHEMIC

30、AL BANK, NEW YORKDATE: 14TH JUNETEST 2819 OUR REF 97TT-0125 PAY USD 650,000.00 VALUE TODAY TO SANWA BANK LTD. NEW YORK BY CHIPS ABA 982 FOR CREDITOF THEIR INTERNATIONAL HEADQUATERS TOKYO ACCOUNT UID024153 MESSAGE OUR LC 15237 THEIR BP 70054376 ORDER TIANJINADVANCED MACHINARY EQUIPMENT CORP. TIANJIN

31、COVER DEBITOUR HO USD A / C WITH YOU.Clearing House automated Payment System (CHAPS)Bank of England MemberBank AMemberBank FMemberBank EMemberBank DMemberBank CMemberBank BNon member Bank Opena/c atNon member Bank Opena/c atNon member Bank Opena/c atNon member Bank Opena/c atNon member Bank Opena/c

32、atNon member Bank Opena/c atNon member Bank Opena/c atNon member Bank Opena/c atDebit Bank Es a / cCredit Bank Fs a / cEach non-member bank opens a/c at member bankSettlement messageNew development of CHAPS （1）CHAPS continues to be one of the largest real-time gross settlement (RTGS) systemsin the w

33、orld, offering members and circa 400 financial institutions utilising agency arrangements through direct Members RTGS service。New Membership CriteriaTo be eligible to become and remain a member a financial institution must: hold a sterling and/or a euro settlement account at the Bank of England for

34、the purpose of settling CHAPS payment obligations; have the ability to comply on a continuous basis with the technical and operational requirements of the CHAPS systems; be a shareholder of the Company; and pay a single entrance fee.The single Company membership fee has been agreed at 100,000. This

35、fee covers access to either one or both of CHAPS Sterling and CHAPS Euro RTGS clearings. The membership criteria and fee structure are reviewed and revalidated on an annual basis.New development of CHAPS （2）CHAPS Clearing Company operates multinational, dual-currency clearing systems. It is a unique

36、 combination and is one of the largest RTGS systems in the world. During 2002 the volumes of transactions continued to increase.The maximum daily volume and value throughput up to 2002:VolumeSterling205,301324 billionEuro33,239303 billionvalueCHAPS STERLING MEMBERSCHAPS EURO MEMBERSABN AMRO BANK N.

37、V.ABBEYBANK OF ENGLANDABN AMRO BANK N. V.BANK OF SCOTLAND (HBOS)BANK OF AMERICA N.A. BARCLAYS BANK PLCBANK OF ENGLANDCITIBANK N. A.BANK OF SCOTLAND (HBOS)CLYDESDALE BANK PLCBARCLAYS BANK PLCTHE CO-OPERATIVE BANK plcTHE BANK OF TOKYO-MITSUBISHI LTDDEUTSCHE BANK A.G. CITIBANK N. A.HSBC BANK PLCTHE CO-

38、OPERATIVE BANK plcLLOYDS TSB BANK plc.DEUTSCHE BANK A.G. THE ROYAL BANK OF SCOTLAND plcDnB NOR BANK ASASTANDARD CHARTERED BANKHSBC BANK plc.J P MORGAN AG.LLOYDS TSB BANK plcNATIONAL AUSTRALIA BANKNATIONAL WESTMINSTER BANK plcTHE ROYAL BANK OF SCOTLAND plcSTANDARD CHARTERED BANKWACHOVIA BANK N.A.Fed

39、Wire （1）What is Fedwire?Fedwire stands for Federal Reserve Wire Network. It is a high-speed electronic communications network that links the Federal Reserve Board of Governors, the 12 Federal Reserve Banks and the 24 branches, the U.S. Treasury Department, and other federal agencies.What Fedwire is

40、used for？Fedwire is used for Large dollar time-sensitive payments Funds transfers between reserve banks Purchases or sales of Federal Funds transfers between correspondent banks Sales of book-entry U.S. Government securities Collection of tax and loan accounts in commercial banks Funds disbursementF

41、ed Wire （2）Federal reserve systemFederal reserve systemFederal reserve systemFederal reserve systemFederal reserve systemUserUserUserUserUserUserUserUser12 Federal reserve systems and 24 sub-branchesWho has access to Fedwire? Federal Reserve Member banks Financial institutions that have depository accounts with the Federal Reserve Foreign banks located in the U.S.DrawbackWires do not permit much additional information to be carried alongwith the wire information. It is not uncommon for a firm to receive awire payment and to be in the dark concerning the purpose of thepayment.Fed Wire （3）