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COMMERCIAL BANK OF THAT TOWN Date: Oct． 5, 2008 To: China Natio

COMMERCIAL BANK OF THAT TOWN

Date: Oct． 5, 2008

To: China National Cereals, Oils & Foodstuffs Corporation Beijing, China Advised through Bank of China, Beijing

No． BOC08/10/05

DOCUMENTARY LETTER OF CREDIT

Dear Sirs,

You are authorized to draw on China National Cereals, Oils &Foodstuffs Corporation for a sum not exceeding Can $120000(Say Canadian dollars one hundred and twenty thousand only)available by draft drawn on them at sight accompanied by the following documents:

Full set of Clean On Board Bills of Lading made out to order and blank endorsed, marked "freight to collect" dated not later than November 30, 2008 and notify accountee．

Signed Commercial Invoice in quintuplicate．

Insurance Policies(or Certificates)in duplicate covering Marine and War Risks．

Evidencing shipment from China port to Montreal, Canada of the following goods: 50000 tins of 430 grams of Great Wall Brand Strawberry Jam, at Can $2.50 per tin CFRC 3% Vancouver, details as per your S/C

No． 08/8712．

Partial shipments are not allowed．

Transhipment is prohibited．

This credit expires on November 30, 2008 for negotiation in China．

……合同条款

卖方：中国粮油食品公司(China National Cereals，Oils &Foodstuffs Corporation)

买方：温哥华香港食品公司(Hong Kong Food Company，Vancouver)

商品名称：长城牌草莓酱(Great Wall Brand Strawberry Jam)

规格：340克听装

数量：50000听

单价：CFR温哥华每听2.50加元，含佣金3%

总值：125000加元

装运期：2008年11月自中国港口运往温哥华，允许转船和分批装运。

付款条件：凭不可撤销的即期信用证付款。信用证议付有效期应为最后装运期后第15天在中国到期。

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更多“COMMERCIAL BANK OF THAT TOWN D…”相关的问题

第1题

Checking accountsIn the United States, checking accounts are available only at commercial

Checking accounts

In the United States, checking accounts are available only at commercial banks. Commercial banks specialize in demand deposits, such as checking accounts. A checking account is money that a customer deposits in order to use that money to write checks. Saving accounts pay the depositor interest but checking accounts do not. In fact, checking account customers pay the bank a service charge for the bookkeeping involved in administering the account.

The method of recordkeeping is also different in savings accounts and checking accounts. A depositor must present his passbook for any savings account transaction. The bank records these transactions in the depositor's passbook. Checking account customers, however, do not have passbooks. They themselves record the amounts of the checks that they write and they receive a monthly statement from the bank. This statement lists all the checks that the bank paid and all deposits that the account holder made during the month. The bank usually sends the statements with the customer's cancelled checks. The customer then compares the balance on the statement with the balance in his own records by subtracting the total of his outstanding checks.

There are other fees that the bank may collect from checking account holders. For instance, banks charge a fee for stopping payment to a check. When a depositor decides that be doesn't want the bank to pay a payee, but he bas already written a check to that person, he may give the bank a stop payment order. The bank will then refuse to pay this check, and charges the depositor a fee. 'Banks also charge a depositor a fee when he is overdrawn. A depositor is overdrawn when he writes a check for more money than the balance in his account: The bank marks the check "insufficient funds", returns it, and charges a penalty for it. In everyday language we say that a check returned for insufficient funds has "bounced".

Recent changes in banking regulations have allowed savings banks to offer negotiable order of withdrawal accounts. These accounts, called N. O. W. accounts, are very similar to checking accounts but they pay interest like savings accounts. The depositor can write withdrawal orders against the balance in the account. These withdrawal orders look like checks, and depositors receive a monthly statement summarizing deposits and withdrawals. There is often no service charge if depositors keep a minimum balance in their accounts. Commercial banks also offer N. O. W. accounts.

As far as checking accounts go, the difference between savings banks and commercial banks is growing smaller in the U. S.

State whether each statement is true or false based on the reading.

Checking accounts are available at savings banks.

A．True

B．False

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第2题

The（）bank is willing to lend money to these customers.

A.business

B.economical

C.commercial

D.financial

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第3题

Commercial bank deposits with the central bank are part of the bank's______.A．net worthB．d

Commercial bank deposits with the central bank are part of the bank's______.

A．net worth

B．demand deposits

C．loan portfolio

D．reserves

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第4题

Which of the following is excluded from the commercial bank deposits？A．Demand deposits.B．T

Which of the following is excluded from the commercial bank deposits？

A．Demand deposits.

B．Time deposits.

C．Checking accounts.

D．Treasury bills.

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第5题

Which of the following is NOT true？A．The credit policy can be a part of a commercial bank'

Which of the following is NOT true？

A．The credit policy can be a part of a commercial bank' s policy.

B．The credit policy rests only with the credit manager.

C．The supervisors are the helping hands of the credit manager.

D．A credit manager of the credit department is not necessarily a bank's leading person.

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第6题

savings and commercial bank deposits for （9)…$ 100, 000 per depositA.up toB.as muchC.as ma

savings and commercial bank deposits for (9)…$ 100, 000 per deposit

A.up to

B.as much

C.as many as

D.equal

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第7题

In extending loans, one of the principles that a commercial bank persists in is ______.A．f

In extending loans, one of the principles that a commercial bank persists in is ______.

A．free from interference of local government

B．against collateral

C．based on sole responsibility to its profits and losses

D．in pursuance of the law of the People's Bank of China

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第8题

Government securities would appear on a commercial bank's balance sheet as______.A．part of

Government securities would appear on a commercial bank's balance sheet as______.

A．part of net worth

B．reserves

C．an asset

D．a liability

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第9题

Commercial Banks Commercial banks play an important role（29)national（30)。（31)the end of M

Commercial Banks

Commercial banks play an important role (29) national (30) 。

(31) the end of May 1995, China has 15 commercial banks, the International Business reported. Eight of these are (32) nationwide. They are: the Industrial and Commercial Bank of China, the Agricultural Bank of China, the Bank of China, the People's Construction Bank of China, the Communications Bank, the CITIC Industrial Bank, the China Everbright Bank and the Huaxia Bank.

There are six (33) shareholding banks. They are: the Merchant's Bank, the Guandong Development Bank, the Shenzhen Development Bank, the Fuzhou Industrial Bank, the Shanghai Pudong Development Bank and the Hainan Development Bank.

Apart (34) these, there is the (35) of the People's Construction Bank of China, the China Investment Bank and two housing deposit banks. They are fully (36) by the People's Bank of China.

To add (37) the 15, the Minsheng Banking Corp was set up in January 1996. It is now the (38) non-State bank.

Five foreign banks have so far been (39) to run branch offices in Beijing. Here is a (40) of them:

-- Bank of Tokyo Tel 5931640

-- Citibank of the United States Tel 5004425

-- Hong Kong and Shanghai Banking Corporation Tel 5001121

-- Nanyang Commercial Bank Tel 5139026

-- Industrial Bank of Japan Tel 5954728

(29)

A．at

B．on

C．in

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第10题

● Read the article about commercial bank.● Choose the correct word to fill each gap.● For

● Read the article about commercial bank.

● Choose the correct word to fill each gap.

● For each question 29-40, mark one letter (A, B or C) on your Answer Sheet.

Commercial Banks

Commercial banks play an important role (29)______ national (30)______ .

(31)______ the end of May 1995, China has 15 commercial banks, the International Business reported. Eight of these are (32)______ nationwide. They are: the Industrial and Commercial Bank of China, the Agricultural Bank of China, the Bank of China, the People's Construction Bank of China, the Communications Bank, the CITIC Industrial Bank, the China Everbright Bank and the Huaxia Bank.

There are six (33)______ shareholding banks. They are: the Merchant's Bank, the Guandong Development Bank, the Shenzhen Development Bank, the Fuzhou Industrial Bank, the Shanghai Pudong Development Bank and the Hainan Development Bank.

Apart (34)______ these, there is the (35)______ of the People's Construction Bank of China, the China Investment Bank and two housing deposit banks. They are fully (36)______ by the People's Bank of China.

To add (37)______ the 15, the Minsheng Banking Corp was set up in January 1996. It is now the (38)______ non-State bank.

Five foreign banks have so far been (39)______ to run branch offices in Beijing. Here is a (40)______ of them:

● Bank of Tokyo Tel 5931640

● Citibank of the United States Tel 5004425

● Hong Kong and Shanghai Banking Corporation Tel 5001121

● Nanyang Commercial Bank Tel 5139026

● Industrial Bank of Japan Tel 5954728

(29)______

A．at

B．on

C．in

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第11题

A commercial bank shall not engage in trust investment of stock business, or invest in rea

l estate not for its own use.

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