Chapter 1 What is International Settlement ? 专业PPT/商演示设计制作.

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Presentation transcript:

Chapter 1 What is International Settlement ? 专业PPT/商演示设计制作

Overview of the text book Part IV International Trade Finance Import Trade Finance Export Trade Finance International settlement Part III Documents Commercial Invoice Transportation Docs Insurance Docs Part I Instruments Bills of exchange Cheques Promissory Note Part II Payment Methods Remittance Collection Letter of Credit Bank Guarantee &Standby Credit

Definition of International Settlement International settlement refers to the money transfer via banks to settle accounts, debts and claims among different countries. It divided into two types: 1、international trade settlement 2、Non-international trade settlement

Development of International Settlement Cash Settlement Direct Payment Non-cash settlement Indirect Payment Paper documents Simple price terms Electronic document Complex price terms

Related international customs and practice As to instruments 1、UK Bill of Exchange Act of 1882 2、Uniform Law for Bill of Exchange and Promissory Notes of Geneva of 1930 As to payment methods: 1、Uniform Rules for Collection,ICC Publication No.522 2、Uniform Customs and Practice for Commercial Documentary Credits, ICC Publication No.600

Correspondent banking relationship Create a bank’s own foreign presence

Correspondent banking relationship Establishment of correspondent banking relationship 1、Exchange the control documents Authorized signatures Telegraphic test keys Schedule of terms and conditions SWIFT authentic key 2、Sign a cooperate agreement or an agency agreement Office concerned Control documents Currency for tansactions The methods to remit covers and claim reimbursement Other items

Thank you