The collecting bank may release

The indemnity may be ______.

A．used whenever there are discrepancies in the documents

B．presented when the shipping company intends to release the goods to the applicant

C．presented to the issuing bank of the L/C under which there are unimportant discrepancies in the documents

D．used in lieu of shipping documents

Banks are subject to various forms of legal risk, including inadequate or incorrect (56) advice or documentation that may result in unexpected decline in the value of (57) or unexpected increase in the value of liabilities. In addition, existing laws may (58) resolve legal issues involving a bank; a court case involving a (59) bank may have wider implications for banking business and involve costs to it and many or all other banks; and, laws (60) banks or other commercial enterprises may change. Banks are particularly susceptible to legal risks when entering new types of transactions and when the legal right of a counterpart to enter into a transaction is not established.

(41)

A．bank

B．financial

C．legal

D．governmental

听力原文：Under the general rules, once the documents are passed to the remitting bank by the drawer, the bank has an absolute right over the goods through the title documents.

(10)

A．Once the title documents are entrusted, the goods are at the disposal of the collecting bank.

B．The title documents enable the remitting bank to dispose the goods according to the instruction given in the collection order.

C．The title documents are usually issued by the drawee.

D．In spite of the possession of the title documents, the bank can not deal with the goods without the allowance of the drawer.

If you are staying in the UK for more than 6 months, it may be useful to open a UK bank account. There are a lot of advantages of having a UK current (checking) account:

Paying bills

Many landlords prefer to collect rent directly from a bank account.

You may be able to obtain cheaper services if you pay bills directly from a bank account，e. g. telephone, gas/water/electricity.

If you are given a chequebook, you can also write cheques as a safe way of paying for things.

Cash

You can easily obtain money from cash machines，or pay directly from your account using a debit card(借记卡).

Saving money

It is generally cheaper to use a UK account than it is to pay by credit card(信用卡)or withdraw (提取) cash from a foreign bank.

Employment

If you work in the UK，some employers require you to have a bank account so that you can get your pay.

Advantages of UK Current Account

Paying bills： 1) to pay rent directly from ①

2) to obtain ② services

3) to pay for things with cheques safely

Cash：1)to obtain money from ③ easily

21 to pay directly from your account

Saving money：cheaper to use a ④ account

Employment：to get your ⑤ through a bank account

Who may supply business loans in a remote area if there is no financial intermediaries offering such services?

A．The local bank in the area.

B．Business companies.

C．Brokers in the Federal Funds.

D．Correspondent banks.

听力原文： Banker's acceptances are a very old form. of commercial credit. They provide, in essence, a method whereby a bank may add its good name and reputation to bills of a borrower, thereby making the bills much more marketable than it would otherwise be. Specifically, the mechanics of the operation typically, work like the following. Suppose that an American exporter sells wheat to a German importer. The terms of the sale are that the German importer will pay for the wheat ninety days after it is shipped. For a variety of reasons, however, the American firm may want its money now, and not want to wait the ninety days. If so, it may issue a draft on its bank ordering the bank to pay a stipulated sum of money to the holder of the draft ninety days from now. Along with the draft, the American exporter will send the appropriate documents showing that the wheat has actually been shipped. When the bank receives the draft, together, with the documentation, it stamps "accepted" across the face of it.

27. What are banker's acceptances?

28.Who is the drawee of the draft mentioned in the passage?

29.What should be attached to the draft when it is presented for acceptance?

30.How does the bank accept the draft?

(27)

A．They are drafts issued by a bank on another bank.

B．They are a very old form. of commercial credit.

C．They are exchange bills discounted by customers.

D．They are checks cashed through the ATMs.

听力原文：The encashing bank forwards the cheque to the drawer's bank for payment and reimbursement.

(5)

A．The paying bank sends the check to the remitting bank for repayment.

B．The remitting bank sends the check to the paying bank for repayment.

C．The collecting bank sends the check to the remitting bank for repayment.

D．The remitting bank sends the check to the collecting bank for repayment.

Under a standby letter of credit, ______.

A．evidences of the underlying transaction should be filed first

B．the applicant may be exempted from any liabilities

C．the issuing bank has to pay the beneficiary

D．the issuing bank should pay when the applicant fails to fulfill his obligations

听力原文：If a customer informs his bank that a draft which has been issued to him has been lost, the drawee bank should be noticed immediately.

(8)

A．The customer should first notify the drawee bank of the loss of his draft.

B．The customer should first notify the drawer bank of the loss of his draft.

C．The customer should first notify the remitting bank of the loss of his draft.

D．The customer should first notify the collecting bank of the loss of his draft.

A credit may be advised to a beneficiary through another bank (the advising bank) without engagement on the part of the advising bank, but that bank, if it elects to advise the credit, shall ______.

A．inform. the issuing bank of the credit which it advises without delay

B．endorse the amount negotiated on the reverse of the credit which it advises

C．add his confirmation to the credit which it advises

D．take reasonable care to check the apparent authenticity of the credit which it advises