S

Schedule

The Remitting/Negotiating Bank's letter covering a bill sent to the Collecting/Issuing Bank， which lists the documents attached and gives collection and/or payment instructions．

Self-Liquidating

A transaction is said to be self-liquidating when there is a known source of funds available for its settlement on due date．

Shipment Date

The date inserted on the bills of lading evidencing goods received on board is regarded for documentary credit purposes as being the date of shipment．

Shipper

See consignor

Shipping Guarantee （SG）

Guarantees of this nature are required to enable customers to obtain goods before the arrival of the documents of title， and are issued to the shipping companies by the Bank against an undertaking to forward the bills of lading when they are received． The Bank normally take 100% cash margin against the value of the goods if the customer does not have T/R facility．

Shipping Terms

See Incoterms

Sight

A bill payable at sight is payable on presentation to the drawee i．e． on demand．

Snags

Irregular bills； import and export．

Standby Credit

This may be established as security for facilities granted at another branch or bank， usually to a subsidiary of the DC applicant． - see Special DCs．

Status Report

Produced by a bank's TCI department or a credit information bureau， giving details of the creditworthiness and business background of traders and manufacturers．

Substitution

The act whereby the prime beneficiary substitutes his own documents i．e． invoices and drafts， in back-to-back and transferable credit operations prior to negotiation of the master credits．

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国际结算专用词汇9

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