金陵科技學(xué)院國(guó)際結(jié)算英文版習(xí)題集

#/23C.AconfirmedcreditD.AnirrevocableconfirmedcreditInaletterofcredittransaction,thebankpaysthesellerfor( ).A.documentswhichagreewiththecreditBmerchandisewhichthebuyerorderedCmerchandisewhichagreewiththecontractDdocumentswhichagreewiththecontract.TOC\o"1-5"\h\zAfterthegoodshavebeenshipped,theexporterspresentthedocumentsto( ).A.theremittingbank B.thecollectingbankC.thereimbursingbank D.theopeningbankTotheexporter,thefastestandsafestmethodofsettlementis( ).A.letterofcredit B.advancepaymentC.collection D.banker’sdraftTotheimporter,thefastestandsafestmethodofsettlementis( ).A.letterofcredit B.cashinadvanceC.openaccount D.banker’sdraftBeforeopeningacredit,theissuingbankshould( ).gothroughthecontracttermsB.fillintheapplicationformsignanagreementwiththecustomerinquireintothecustomer’screditstandingTheexportercanreceivethepaymentonlywhen( ).hehasshippedthegoodsB.hehaspresentedthedocumentsthedocumentspresentedcomplywithhecredittermstheimporterhastakendeliveryofthegoodsIncredittransactions,thegoodsandthedocumentsaresenttotheimporter( ).A.indifferentways B.inthesamewayC.indifferentdirections D.atonetimeBanksareobligatedtoverifythedocumentsreceivedtoseethat( ).theyareauthentic B.theyareregulartheyarethoselistedinthecollectionordertheyareintherightformArevocablecreditcannotbeamendedorcancelledonlyafter( ).thedocumentsunderithavebeenhonoured.ithasbeenamendedonce.theadvisingbankhasnotifiedthebeneficiaryofitsopening.Ithasbeenconfirmedbyacorrespondentbank.Back-to-backcreditsareadvantageousto( ).A.allconsumers B.allmanufacturersAcreditcanbetransferredby( ).A.thefirstbeneficiary B.thesecondbeneficiaryC.thefirstbeneficiary D.anypersonAbankisobligatedtotransferthecreditonlyafter( ).A.beinginstructed B.beinginstructedaswellaspaidC.receivingthecreditD.thecreditisconfirmed( )givesthebeneficiaryadoubleassuranceofpayment.A.Anirrevocablecredit B.ArevocablecreditC.Aconfirmedcredit D.AnirrevocableconfirmedcreditTOC\o"1-5"\h\zThecreditmayonlybeconfirmedifitissoauthorisedorrequestedby( ).A.theissuingbank B.theadvisingbankC.theapplicant D.thebeneficiarySettlementbydocumentarycreditisfairto( ).A.theshippingcompany B.thetradingcompaniesconcernedC.thebanksinvolved D.alloftheaboveIncredittransactions,thegoodsandthedocumentsaresenttotheimporter( ).A.indifferentways B.inthesamewayC.indifferentdirections D.atonetimePleaseanswerthefollowingquestions.WhatisthethreepartiesareinvolvedinthecontractualarrangementconcerningaDocumentaryCredit?Whatarethetwocharacteristicsthatthecreditbears?Whataretheissuingbank’sliabilities?Whatdoesaconfirmationconstituteintheletterofcredit?Whatathree-partycontractualarrangementunderthecredit?Whatprinciplesdoesacreditfollow?Whatarethemainrolesofacredit?Specifythestepsoftheoperationofaletterofcredit.Whatisananticipatorycredit?Whatisa“softclause”ofacredit?Chapter8:GuaranteesandStandbyLetterofCreditPleasedecidewhetherthefollowingstatementsaretrueorfalse.Mostformsofsuchbankguaranteesareintendedtosecurethebuyer’scommitmenttodeliverthegoodsortorenderaserviceinacorrectfashion.( )Itisusualforthetenderguaranteetobereleasedshortlyaftertheissueofperformancebondor

TOC\o"1-5"\h\zguarantee,ortoexpireafteracertainnumberofdays.( )Thetraditionaldocumentaryletterofcreditservesthepurposeofsecuringpaymentofthecontractpriceintheinternationaltradeofgoods.( )ThekeyfeatureofstandbyL/Cisthattheyareusuallylistedontheissuer’sorbeneficiary’sbalancesheet.( )Pleasechoosetheanswerstoeachofthefollowingquestions.(1)Abondisaguaranteeto(B.theexporter…(1)Abondisaguaranteeto(B.theexporter…thebuyerD.theexporter…theguarantor

)ofthecontractvalue.A.thebuyer…thatexporterC.theguarantor…thebuyerAtenderorbidbondisusuallyfor(A.2%B.5%C.between2%and5%D.6%Advancepaymentbondsundertaketo( ).makepaymentsmakepaymentsifthegoodsorservicesareunsatisfactoryrefundanyadvancepaymentsrefundanyadvancepaymentsifthegoodsorservicesareunsatisfactory( )aresometimesdemandedbytheECGDtocoverthepotentialrecoursebytheECGDunderbuyercredit.A.BidBonds B.RetentionBondsC.RecourseBonds D.MainteranceBonds( )isoftenunacceptable,particularlyinthecaseofMiddleEastbuyers.Conditionalbonds B.UnconditionalbondsConditionalbondsrequiringdocumentaryevidenceConditionalbondsnotrequiringdocumentaryevidence( )guaranteethereturntothebuyeroftheseretentionmoniesintheeventofnonperformanceofpost-completionobligationsbytheexporter.A.RetentionBonds B.RecourseBondsC.RefundBonds D.Stand-bycredit( )subjecttoUCP600.A.Bondsare B.GuaranteesareC.Stand-bycreditsare D.Bothstand-bycreditanddocumentarycreditsarePleaseanswerthefollowingquestions.Whatisthecharacteristicoftheguarantee?WhytheStandbycreditlettershavegrownrapidlyinrecentyears?Howmanytypesofbankguaranteeandwhatarethey?Whatobligationwillaguarantortake?Chapter9:DocumentsHandledinInternationalSettlementPleasedecidewhetherthefollowingstatementsaretrueorfalse.TOC\o"1-5"\h\zTheletterofcreditshouldnotcontainaclausefor“thelatestdatefornegotiation”.Ifsuchaclauseexists,thebeneficiaryshouldcontacttheissuingbanktoamendit.( )Usually,aCreditwillcontainaclauseforthelatestdateofpresentation.Ifthisdoesnotexist,theexpirydateistreatedasthelatestdateofpresentation.( )WhenashipmentdateisnotspecifiedintheCredit,theextensionofexpirydatenotimpliesforthesameamendmentofextensionfortheshipmentaswell.( )Ingeneral,ifthedateofpresentationofdocumentsdiffersfromtheexpirydateofcredit,thebeneficiaryshouldnotpresentthedocumentspriortotheearlierdeadline.( )Draweeofinvoicesshouldbeapplicantsandtheaddress,ifany,shallconformtotheoneinthecredit.( )Descriptionofthegoodsshouldbeidenticaltotheoneinthecredit.Generaltermsofgoodscannotbeusedinotherdocumentsbutwithnocontradictiontothecredit.( )TheAirlineCompanywillhandgoodstotheconsigneeatdestinationairportwithoutpresentationbytheoriginalcopyofthewaybillafterensuringhisidentity.( )Pleasechoosetheanswerstoeachofthefollowingquestions.Thedocumentsarepresentedwithintheexpirydateandnolaterthan( )daysaftertheissuingdate.A.14B.21C.25D.31Theexpirydatereferstothedateof( )ofthedocuments.A.negotiationB.PaymentC.AcceptanceD.PresentationTOC\o"1-5"\h\zIfthecreditspecifiestheexpirydatetobeSep30thanddoesnotdefinethedateofshipment,thedateofshipmentshallbedeemedas( )A.Sep.30th B.Sep.29thC.Oct.1stD.Oct.4thThevalueofthegoodsinsuredshouldbewhatitisrequiredbythecreditoratleast( )oftheCIForCIPvalueofthegoods.A.100%B.110%C.120%D.130%Ifacreditcallsforaninsurancepolicy,bankswillaccept( ).A.aninsurancepolicyB.aninsurancecertificateC.AorB D.bothAandBThedocumentswillnotbedeliveredtothebuyeruntil( ).A.thegoodshavearrived B.thebillispaidoracceptedC.thebuyerhasclearedthegoods D.bothAandBTheimportanceofdistinctionbetweenfinancialdocumentsandcommercialdocumentsliesinthatithelpsdecidewhetheritis( ).inwardcollectionoroutwardcollectionbillcollectionorgoodscollectioncashcollectionorcheckcollectioncleancollectionordocumentarycollection( )isusuallypreferredbecauseitassuresthatthecargoisonthevessel,eliminatingpossibleshipmenterrors.A.TheonboardB/L B.ThereceivedforshipmentB/LC.ThelongformB/L D.TheshortformB/L( )cannotbetransferred.A.AnonboardB/LB.AtransshipmentB/LC.AcleanB/L D.AstraightbillofladingIfacreditinstructsthatthebillsofladingareissuedbythesteamshipcompany,consignedtoorderofshipper,then( )canendorsethem.A.theshipper,whoistheimporter B.theshipper,whoistheexporterC.theconsignor,whoistheimporter D.theconsignor,whoistheexporterUsuallythenotifypartyis( ).A.theimporter B.theexporterC.theimporterorhisagentD.theexporteroragentAbillofladingactsasareceiptforthegoods( ).fromtheexportertotheimporterfromtheshippingcompanytotheexporterfromtheshippingcompanytotheimporterfromtheimportertotheexporterWhenthereisnoindicationofdamagetothegoods,abillofladingissaidtobe( ).A.cleanB.GoodC.qualifiedD.dirtyThebillofladingisevidenceofthecontractofcarriage( ).betweentheexporterandthecarrier.betweentheissuingbankandthecarrierbetweentheadvisingbankandtheshippingcompany.betweentheexporterandtheimporter.( )isaquasinegotiabledocument.A.Adraft B.AninvoiceC.AbillofladingD.CTDWhenexporteragreetosellonopenaccountterms,theexportershouldasktheshippingcompanyfor( ).A.billsofladingB.shipswaybillsC.airwaybills D.CTDPleaseanswerthefollowingquestions.Whataretheadvantagesifdocumentspresentedtothenominatedbank?Whatarethenegotiatingbankrequiredtocheckthedocuments?Specifythefunctionsofbilloflading.WhyisthereariskfortheIssuingBankandbeneficiarywhen1/3B/Lissentdirectlyfromexportertoimporter?Chapter10:InternationalTradeFinancePleasedecidewhetherthefollowingstatementsaretrueorfalse.Judgementofriskdegreeforimportorexportbusinesswithgoodstitleis10%to100%,forthatnormalcreditlineisapplied,andrestrictivecreditlineisusedintheimportorexportbusinesswithgoodstitlewithwhich100%degreeofriskisregarded.( )TOC\o"1-5"\h\zDuringthelifeoftheletterofcredit,thebankshouldkeepitinformativeandfolloweachstepoftheoperation,andputthewholeprocessofoperationunderitssupervision.( )TrustReceipt(T/R)is,infactakindofcreditlinegrantedbythebanktotheexporter.( )Theanticipatoryletterofcreditorredclauseletterofcreditisoftenusedtoprovideasellerwithfundspriortoshipment.( )Pleasechoosetheanswerstoeachofthefollowingquestions.Inthefactoringcontractthefactoragreestopaythesellerasubstantialproportion,say( )ofthevalueofthequalifyingAccountReceivables(A/R)assoonastheycomeintoexistence.A.60%B.80%C.90%D.100%Pleaseanswerthefollowingquestions.WhatarethefunctionsofFactoring?whatarethesimilaritiesbetweenPackingLoanandAnticipatoryLetterofCredit?WhatisdifferencebetweenFactoringandForfaiting?Whatpointsshouldthebanktakeintoaccountbeforemakingapackingloantohiscustomer?Whatfactorsshouldbeconsideredbythebankbeforeitdecidestopurchasethebill?Pleasedecidewhetherthefollowingstatementsaretrueorfalse.F(2)T(3)T(4)F(5)T(6)T(7)FPleasechoosetheanswerstoeachofthefollowingquestions.ABCD(2)D(3)B(4)CPleaseanswerthefollowingquestions.ExplainthedefinitionofinternationalsettlementItisafinancialactivityinwhicheitherpaymentareeffectedfromcountrytoanotherforthepurposeofsettlingdebtsandclaims.Howmanymaintypesofinternationalsettlementmethodsareusedintheinternatinaltrade?Therearethreemaintypesofmethodstobeused.Theyareremittance,collectionandletterofcredit.Whataretheliabilitiesofaexporterintheinternationalsettlement?Aexporter’sliabilityistoshipgoodsasrequiredbythecredittimely,andhecandemandtheproceedsbypresentingdocumentscomplyingwiththetermsandconditionstothebank.Pleasedecidewhetherthefollowingstatementsaretrueorfalse.(1)T(2)F(3)TPleasechoosetheanswerstoeachofthefollowingquestions.(1)ABCD(2)E(3)C5.Pleasedecidewhetherthefollowingstatementsaretrueorfalse.(1)T(2)F(3)F(4)T(5)FPleasechoosetheanswerstoeachofthefollowingquestions.ABCD(2)ABCD(3)ABPleaseanswerthefollowingquestions.Whataretypesofaccountsfromwhichtheaccountholdingbankcanrenderservices?Currentaccount、InvestmentAccountandCombinedAccount、CollectionServiceAccountWhatthestepsaretakenbyabanktograntcreditline?Operationdivisionorcorrespondentdivisionrequestsforestablishingacreditlineforabank.Overseasofficesandcountrymanagerscollectalltheinformationconcerningthebank’sfinancialstrength,operationalproductquality,competitivepricing,technologicalleadership,reciprocity,extensionofcredit,commitmenttolong-termrelationship,customerservicequality,riskmanagementassistance,regulatoryadvice,personalqualityandsoon.Officersfromcreditlinedivisionreviewthedocumentsandmaterialsandmakerecommendationsforgrantingthecreditline.Thecreditlineisworkedoutandapprovedbycountryofficer,regionalmanager,seniorcreditofficerandgeneralmanagerofinternationalbankingdepartment.Pleasedecidewhetherthefollowingstatementsaretrueorfalse.T (2)F (3)T(4)T(5)F(6)T(7)F(8)T(9)T(10)FF(12)F(13)T(14)F(15)T(16)T(17)T(18)F (19)T (20)FPleasechoosetheanswerstoeachofthefollowingquestions.ABC(2)A(3)B(4)C(5)B(6)DPleaseanswerthefollowingquestions.Negotiableinstrumentsareusedsignificantlyinapaper-basedpaymentandfundtransfersystem.Whatischaractersofinstruments?Thefulllegaltitleispassedfromonepersontoanotherbydeliveryoftheinstrument,eitherwithorwithoutendorsementaccordingtowhethertheinstrumentisinfavouroftheorderorbearer.Aninstrumenttransferredinthemannerdescribedaboveissaidtobe“negotiated”.Noticeoftransferneednottobegiventothepersonliableontheinstrument.Thepersontowhomtheinstrumentisnegotiatedcansueinhisownname.Titlepassesfreelyfromallcounter-claimsbetweenpreviouspartiesandfromdefectsintitleofpreviousparties.Whatdutiesdoesaholderofabillofexchangehave?Hemustpresentthebillforacceptanceandpresentthebillforpayment.Whatisendorsementofbillofexchange?Itisasignaturetobethesamewiththetransferor’snameasstatedonthebill.Whatisacceptanceofbillofexchange?Itisthesignificationbythedraweeofhisassenttotheorderofthedrawer.Whatisdishonorofbillofexchange?Thebillisrefusedbynon-acceptanceornon-payment5.Pleasedecidewhetherthefollowingstatementsaretrueorfalse.(1)F(2)T(3)TPleasechoosetheanswerstoeachofthefollowingquestions.ABCD(2)B(3)APleaseanswerthefollowingquestions.Whatisthereasonthatacustomerselectsbankdraftasaremittanceinstrumentinsteadoftelegraphictransfer?Theremitterhimselfisthebeneficiaryofthebankdraft,andhetakesthedraftwithhimandhasnotyetdecidedwhereorwhentohavethedraftcollected.Itisratherconvenientforaremittertosendadrafttohisbeneficiarywithoutknowingwhichbankthebeneficiaryhasaccountwith.Intheprocessofpaymenttransfer,somemistakesmayoccur,suchaslatepayment,duplicatepayment,underandoverpayment,wrongaccountatrightbankandsoon,whichmayariselossforabank.WhatistheRulesofInterbankCompensationisthereforeworkedouttosettlethedisputeamongbanks?Thebanksinvolvedwillsettletheirclaimssothatnobankshallbeunjustlyenrichedorinjuredbytheactionofanotherbank.Compensationshallnotexceedthebenefitderivedbythebankobligatedtopaycompensation.Adherencetotherulesshouldnotbeconstruedasanadmissionofnegligenceorfaultonthepartofanyofthebanksinvolved.Theserulesofferasetofguidelinestobefollowedinordertoensurethatonememberbankisnotbeingunjustlyenrichedorinjuredastheresultofaninterbankpaymenterrorcommittedbyanotherbank.Therulesseverasamechanismtomediatedisputesthatarisebetweenmembers.Whatdoesremittancereferto?RemittancereferstothetransferoffundsfromonepartytoanotheramongdifferentcountriesthroughbankWhatisthedifferencesbetweenT/TandM/T?ThepaymentorderofT/TissentbySwiftwhilepaymentofM/Tissentbypost.WhyisitfasterbyusingT/TandbyusingM/T?.T/TisfasterthanM/TbecausethepaymentorderofT/TissentbySwiftwhilethepaymentorderofM/Tissentbypost.5.Pleasedecidewhetherthefollowingstatementsaretrueorfalse.T(2)F(3)F(4)T(5)T(6)F(7)F(8)T(9)T (10)FF(12)T(13)T(14)FPleasechoosetheanswerstoeachofthefollowingquestions.A(2)D(3)B(4)B(5)B(6)C (7)A(8)A(9)C (10)BA(12)D(13)D(14)B(15)A (16)A(17)B(18)C(19)C(20)APleaseanswerthefollowingquestions.Withadocumentarycollection,however,theexporterisnotcertain,atthetimeofdispatchofthegoodswhetherthebuyerwillactuallymakethefullpayment.Whatthecasesthatthisformofsettlementismostappropriate?-theexporterhaslittledoubtaboutthebuyer’swillingnessandabilitytopay;-thepolitical,economicandlegalenvironmentintheimportingcountryisconsideredtobestable;-thebuyer’scountryhasplacednorestrictionsonimports(e.g.exchangecontrols)orhasissuedallthenecessaryauthorizations.Whatistheproceduresofdocumentarycollection?Stage1EstablishingthetermsofcollectionStage2CollectionorderandtransmissionofdocumentsStage3PresentationofdocumentsandsettlementWhatisthedocumentarycollection?Itisanoperationinwhichabankcollectspaymentsonbehalfofthesellerbydeliveringdocumentstothebuyer.Whatdoseacollectioninstructioninclude?Itincludesinstructionsofreleasingdocuments,effectingpaymentandsomeotheradditionalinstructions,likeprotestandacaseinneed.WhatdutiesdoesaRemittingBankhaveinthecollectionbusiness?Astandbyletterofcreditisapromisebytheissuertohonorthebeneficiary’spresentationofthedocumentordocumentsspecifiedintheletterofcredit.WhatwillaCollectingbankdoincaseofdishonorbythedraweeinthecollectionbusiness?Itwillimplementthecollectioninstructions,handlethedocumentsandreleasethedocumentstotheimporter.Pleasedecidewhetherthefollowingstatementsaretrueorfalse.F(2)T (3)F(4) T(5)T(6)F (7)T (8)F(9)T(10)FT(12) T(13)F (14)F (15)F (16)T(17)T(18)TPleasechoosetheanswerstoeachofthefollowingquestions.(1)C(2)D (3)A(4)A(5)B (6)C (7)D (8)C(9)A(10)CA(12) D(13)A (14)A (15)C (15)A (16)B(17)APleaseanswerthefollowingquestions.WhatisthethreepartiesareinvolvedinthecontractualarrangementconcerningaDocumentaryCredit?Thesalescontractbetweenthebuyerandtheseller(theApplicantandtheBeneficiary);TheissuingapplicationformfromtheApplicanttotheIssuingBank,theissuingagreement,theguaranteeagreementandsoon.TheLetterofCreditbetweentheIssuingBankandtheBeneficiaryandthecontractualarrangementofaCreditbetweentheConfirmingBankandtheBeneficiaryifthereisaConfirmingBank.Whatarethetwocharacteristicsthatthecreditbears?TheCreditisseparatedfromthesalesorothercontracts.TheCreditandthesalescontractarethetworelationshipsseparatedfromeachother.ItisdocumentsbutnotgoodsthatunderlinetheCredit.Thedocumentsandthegoodsareseparatedfromeachother.Whataretheissuingbank’sliabilities?Issuingbankwillbethefirstobligator.Itdealsexclusivelywithdocuments.Theundertakingofissuingbanktopayisirrevocableandfinal.Whatdoesaconfirmationconstituteintheletterofcredit?Theconfirmationconstituteadoubleassuranceofthepayment.Whatathree-partycontractualarrangementunderthecredit?a.Thesalescontractbetweenthebuyerandtheseller.b.Theissuingapplicationformfromapplicanttotheissuingbank.c.Theletterofcreditbetweentheissuingbankandbeneficiary.Whatprinciplesdoesacreditfollow?a.Thecreditisseparatedfromthesalesorothercontracts.b.Thedocumentsandgoodsareseparatedfromeachother.c.Allpartiesconcernedinthecreditdealwithdocuments.Whatarethemainrolesofacredit?Acreditplaysanimportantrolesintheinternationaltrade.Itsprimaryroleorliabilityisthepayment.Specifythestepsoftheoperationofaletterofcredit.AppllicationofL/Cbyapplicant;L/Cissuedanddeliveredbyissuingbankandadvisingbank;Presentationofdocumentsbybeneficiary;Negotiationbynegotiatingbank;Documentsexaminationandhonoredbyissuingbank;Paymentbyapplicant.Whatisananticipatorycredit?Ananticipatorycreditisadocumentarycreditwithaspecialconditionincorporatedintoitthatauthorizesthenorminatedbanktomakeadvancestothebeneficiarybeforepresentationofthedocuments.Whatisa“softclause”ofacredit?Itreferstothecreditthatissuingbankcanbefreefromitsliabilityatalltimesandplaceswhenthebeneficiarycannotmeettherequirementsofcreditbyallmeans.Pleasedecidewhetherthefollowingstatementsaretrueorfalse.(1)F(2)T(3)T(4)FPleasechoosetheanswerstoeachofthefollowingquestions.(1)A(2)C(3)D(4)C(5)C(6)A(7)DPleaseanswerthefollowingquestions.Whatisthecharacteristicoftheguarantee?Theguaranteecontainsanabstractpromiseofperformanceandiscompletelyindependentoftheunderlyingtransactiontobeguaranteed.Inanotherwords,itsecuresspecificperformanceindependentlyofwhetherthisperformanceisowedornot.WhytheStandbycreditlettershavegrownrapidlyinrecentyears?Therapidgrowthofdirectfinanceworldwide,withborrowerssellingtheirsecuritiesdirectlytoinvestorconcernsaboutborrowerdefaultsandresultedinincreaseddemandforcreditguarantees.Theperceptionamongbankersandtheircustomerthattheriskofeconomicfluctuations(recessions,inflation,etc.)hasincreased,whichhasledtoincreaseddemandforrisk-reducingdevices.Theopportunitystandbysofferbankstousetheircreditevaluationskillstoearnadditionalfeeincomebyunderwritingcreditriskwithouttheimmediatecommitmentofbankfunds.Therelativelylowcostofissuingstandbys-unlikesomedeposits,theycarryzeroreserverequirements.Howmanytypesofbankguaranteeandwhatarethey?Therefourtypesofbankguarantee.Theyarebidbonds,performancebonds,warrantybondsandretentionbinds.Whatobligationwillaguarantortake?Theobligationofaguarantorislimitedtothepaymentofasumofmoneyintheeventofdefaultbytheseller.Pleasedecidewhetherthefollowingstatementsaretrueorfalse.(1)T(2)T(3)F(4)F(5)T(6)F(7)TPleasechoosetheanswerstoeachofthefollowingquestions.B(2)D(3)A(4)B(5)A(6)B(7)D(8)A(9)D(10)BC(12)B(13)A(14)A(15)C(16)BPleaseanswerthefollowingquestions.Whataretheadvantagesifdocumentspresentedtothenominatedbank?--Thebeneficiaryisnotliablefortheriskofdeliverylossofdocumentsfromnominatedbanktoissuingbank.--Thebeneficiaryneedn’tforwardthedocumentsearlier,sincethenominatedbankusuallyliesinthesamelocalitywiththebeneficiary.--Itwouldbemuchmoreconvenientforthebeneficiarytoamendthedocuments.--Reimbursementcanbeclaimeddirectlyfromthereimbursi