This historic book may have numerous typos and missing text. Purchasers can usually download a free scanned copy of the original book (without typos) from the publisher. Not indexed. Not illustrated. 1908 edition. Excerpt: ...the Reichsbank rate, would have been deducted, and would then have paid correspondingly less. PRIcEs DRAFTS 0N GERMANY. I37 What price to pay for a ten-day sight draft on a merchant in Germany, documents on payment: EXAMPLE IV. Basis of calculation, M. 400 at 94 cents=$94. Discount to be deducted by ...
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This historic book may have numerous typos and missing text. Purchasers can usually download a free scanned copy of the original book (without typos) from the publisher. Not indexed. Not illustrated. 1908 edition. Excerpt: ...the Reichsbank rate, would have been deducted, and would then have paid correspondingly less. PRIcEs DRAFTS 0N GERMANY. I37 What price to pay for a ten-day sight draft on a merchant in Germany, documents on payment: EXAMPLE IV. Basis of calculation, M. 400 at 94 cents=$94. Discount to be deducted by German banker, I0 days' interest at Reichsbank rate, -4%, .09 German bill stamp, ----%/0, .05 Margin of profit for American bank, -%/N, .05 Total charges, -----.19 Price American bank can realize for its checks, -$95.50 Less charges as above, -----.19 or, 95 5 / I6, value of a ten-day sight payment bill, 95.31 What is the value of a three-day sight draft on a German merchant, documents against payment: EXAMPLE V. Basis of calculation, M. 400 at 94 cents =$94. Discount to be deducted by German banker, 3 days' interest at Reichsbank rate, -4%, .025 German bill stamp, ----%/co, .05 American banker's margin of profit, --/0, .05 Total charges, ------.125 Price American banker can sell his check for, -$95.50 Less charges as above, -----.125 or, 95;e, price he can pay for above bill, --_95.375 For a three-day sight Letter of Delegation on a German merchant, the American bank could afford to pay one-half per mille, more, than for a three-day sight draft, for the reason that there is no charge for German bill stamp on Letters of Delegation, thereby increasing their value onehalf per mille. Of course, in actual business operations, the rate for fraction of values for marks, are accurately expressed, as, for instance, the rate ot 94.72 would be expressed as 94% less I/32%; 94.78 would be expressed as 94% plus I/32%; 95.265 would be expressed as 95% plus I/64%; 95.235 would be expressed as 95% less I/64%; etc. In the preceding examples, the writer did not
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Add this copy of International Exchange, its Terms, Parts, Operations to cart. $20.57, new condition, Sold by Ingram Customer Returns Center rated 5.0 out of 5 stars, ships from NV, USA, published 2022 by Legare Street Press.
Add this copy of International Exchange, its Terms, Parts, Operations to cart. $30.01, new condition, Sold by Ingram Customer Returns Center rated 5.0 out of 5 stars, ships from NV, USA, published 2022 by Legare Street Press.
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Add this copy of International Exchange, Its Terms, Parts, Operations to cart. $64.69, good condition, Sold by Bonita rated 4.0 out of 5 stars, ships from Newport Coast, CA, UNITED STATES, published 2022 by Legare Street Press.
