文档介绍：International Settlement
WHY ?
WHAT ?
WHEN ?
Chapter One Introduction
Concept
Evolution
Contents
International payment systems
Laws and customs
Currency work
the financial activities conducted among different countries in which payments are effected or funds are transferred from one country to another in order to settle accounts, claims and debts that have emerged in the course of political, economic or cultural contacts among them.
国际结算:为清偿国际间的债权债务关系而发生在不同国家
之间的货币收付活动
Definition
Trade settlement: payments for visible trades
Non-trade settlement:
1、invisible trade settlement:
payments for services, technology transfer, patents and copyright contracts, etc
2、financial transaction settlement:
buying and selling of financial assets, overseas money-raising and investing
3、payments between governments:aids and grants
4、others: overseas remittances, educational
expenses, inheritances, etc
Concept
From cash settlement to non-cash settlement
From goods trading to documents trading
From direct payment between traders to payment effected through a financial intermediary
safety, high efficiency, low cost, standardization
From payments under simple price terms to payments under plex price terms
Settlement through the
物权单据化,金融中介化,支付复杂化
Evolution
bills of exchange,
promissory notes,
checks
remittances, collections, letters of credit, standby letter of credit, bank guarantees, international factoring and forfaiting
Payment methods
Instruments
Documents:
commercial invoice, packing list,bills of lading, insurance policies, certificates of origin, etc
contents
Instruments
Payment methods
Documents
bills of exchange, promissory notes, checks
remittances, collections, letters of credit, standby letter of credit, bank guarantees, international factoring and forfaiting
commercial invoice, packing list,
bills of lading, insurance policies, certificates of origin, etc
Traditional payment method case
supplie