Page,*,Page,*,*,*,LCs&SLCs,Members introduction&division of work,09,国商 财管,Name,discussion,presentation,Q 1,Q 2,PPT,何宇峰,刘晓文,常超,霍敏健,Page,3,09,国商 财管,Differences between CLs&SCLs,3,7,月,Definitions of CLs&SCLs,2,Retell the Exercise 10,1,Competition of SCLs,4,Page,4,Differences between CLs&SCLs,3,7,月,Definitions of CLs&SCLs,2,Retell the Exercise 10,1,Competition of SCLs,4,Retell the Exercise 10,1,09,国商 财管,Page,5,Retell the Exercise 10,1,Definitions Differences Competition,09,国商 财管,Page,6,Contingent guarantees sold by an FI to underwrite the trade or commercial performance of the buyer of the guaranty.,CLs,SCLs,Guarantees issued to cover contingencies that are potentially more severe and less predictable than contingencies covered under trade-related or commercial letters of credit.,Def.,Definitions of CLs&SCLs,2,09,国商 财管,Page,7,Differences of CLs&SCLs,3,First,Realised basic trade obligations or not,Second,Willing to pay for the beneficiaries bills or not,Third,Importer or exporter,09,国商 财管,Page,8,Differences of CLs&SCLs,3,First,Realised basic trade obligations or not,Second,Willing to pay for the beneficiaries bills or not,Third,Importer or exporter,09,国商 财管,LC,prove he or she has already realised basic trade obligations,SLC,prove the debtors havent realised the basic trade obligations,Page,9,Differences of CLs&SCLs,3,First,Realised basic trade obligations or not,Second,Willing to pay for the beneficiaries bills or not,09,国商 财管,LC,prove he or she has already realised basic trade obligations,SLC,prove the debtors havent realised the basic trade obligations,Page,10,Differences of CLs&SCLs,3,Second,Willing to pay for the beneficiaries bills or not,09,国商 财管,LC,SLC,willing to pay for the beneficiaries bills follow the letters rule,unwilling to do that,which proves that there are problems between buyers and sellers.,Page,11,Differences of CLs&SCLs,3,Second,Willing to pay for the beneficiaries bills or not,Third,Importer or exporter,09,国商 财管,LC,SLC,willing to pay for the beneficiaries bills follow the letters rule,unwilling to do that,which proves that there are problems between buyers and sellers.,Page,12,Differences of CLs&SCLs,3,Third,Importer or exporter,09,国商 财管,LC,SLC,take importers as the accountee,and take exporters as the beneficiaries,importers or exporters can either are the accountee and the beneficiaries,Page,13,Competition of SCLs,4,09,国商 财管,COMPANY,possibility of getting a reliable,source of future cash greatly improved,competitive advantage also increase.,LOAN COMMITMENT,OBS,Product,No,Back,Not,expensive,Match,CP,End,Thx,Page,15,Contingent guarantees sold by an FI to underwrite the trade or commercial performance of the buyer of the guaranty.,CLs,Definitions of CLs&SCLs,2,09,国商 财管,U.S.importer,German,exporter,U.S.FI,(orders$10 million of machinery),(machinery shipped),($10 million letter of,credit issued),