Commercial Electronic Funds Transfer Risk Transfer Legal Issues

In the process of international intercourse and cooperating, both transfer of funds and discharge of debt are carried out by international payment. The development of computer technology has caused a revolution in the international payment. Nowadays, electronic funds transfer system has been more and more used in international finance and sale of goods in order to transfer funds or discharge debt.However, commercial funds transfer brings risks .How to allocate the risks is an important issue. It is well known that absolute safety does no longer exist. The existence of risks is rational in a certain extent. It is important that in a sound law circumstance, people can see the right and obligation in advance. Therefore, in the process of commercial funds transfer, parties are concern about the risk liability. Furthermore, the passing of risk is a concerning matter. In the light of that, this paper will concern about the issue that is the passing of risk in the commercial funds of transfer.The full paper is mainly divided into four parts altogether, amounting to more than 50,000 words.Part I, " the general concept on passing of risk in the commercial funds transfer ".In order to clarify the matters in studying, this part defines the concept of electronic funds transfer, commercial funds transfer and the passing of risk in the commercial funds transfer.Part II, " on the basic issues of the passing of risk in the commercial funds transfer ".For the sake of the following parts, this part works over two basic issues. Firstly, there is the legal relationship among the interested parties and the legal sources. Since the issue of the passing of risk lies in the allocation of responsibilities, the author wants to clarify the essence of the parties' legal relationship. Furthermore, the legal sources is also an important issue in the discussing of the following part. Secondly, the risk of the commercial funds transfers that...