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I. Suggest the Ukrainian for the following words and word combinations from the text:
collection, outward collection, inward collection, payment, check bill of exchange, on behalf of, to obtain, receipt, transmission, collecting bank, a customer, financial documents, invoice, shipping documents, documents of title, to handle, certificate of origin, certificate of quality, clean collection, documentary collection, third party certificate of inspection, collection order, release, comply with, principal, remitting bank, presenting bank, prompt.
II. Find in the text English equivalents for the following words:
інкассо, квитанція, платіж, чек, від імені, переслати, чисте інкассо, документарне інкассо, виконувати, банк-інкассатор, згода, одержувач вантажу, відкритий рахунок, банк-ремітент, сертифікат якості, сертифікат незалежної експертизи, рахунок-фактура, комерційні документи, передача, страховка, сертифікат походження, порядок збору коштів, банк-представник, одержати, переводний вексель.
III.Answer the following questions.
1. What does a collection service offered by a bank provide?
2. What is an outward collection?
3. What is an inward collection?
4. How is collection defined by Perry’s Dictionary of Banking?
5. What does a collection involve?
6. What is the bank’s job?
7. What are the banks responsible for?
8. What are financial documents?
9. What are commercial documents?
10. What is a clean collection?
11. What is a documentary collection?
12. What are the parties to a collection?
IV. Speak on:
Days’ sight D/P; 60 days’ sight D/A.
UNIT 9 DOCUMENTARY CREDIT
Study these vocabulary notes
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