International Payment and Settlement Law Plan: 1. International payment law. 2. Payment and settlement of international relations characterized between banks 3. Some ways and means of payment

The concept of international payment law The set of international legal norms that regulate the technology order of settlements and payments between entities of IL is an international payment law

In the matter of international law payments also include the relationship between the states over their domestic legal regimes under which there are the exercise of estimates and payments to the private nature of the international legal level relations, especially in foreign trade.

All kinds of international settlements can be divided into two groups: a) trade b) not trade.

General principles of mutual payment and settlement of relations between states in relation to international trade and other foreign economic relations are established in the two- party trading payment instruments, instruments for Economic Co- operation, etc

There are two basic approaches that are used by States for the organization of the settlement process: The first approach is based on calculations in a freely convertible currency in accordance with national rules regulating the currency of each country and using the exchange ratios set by the market;

The second approach is based on the calculations between the states of the clearing system. In this case, is set off counter-monetary claims and liabilities by no cash postings to clearing accounts opened with authorized banks of the two countries to each other.

As a rule, what currency to use in the calculation of inter states, there is no question, the solution is predetermined, uses the world's currencies. But very often this problem is becoming urgent. The parties may not choose as the unit of any of the existing national currencies that artificially create a common - collective - the unit of account.

Rules of collective settlements and / or introduce a single payment and settlement units are confimed. Currently, bilateral and regional regulation of payment and settlement relations actually are used and combined with multilateral regulation through the IMF.

Payment and settlement of international relations characterized between banks. International legal norms relating to international payments, working in conjunction with domestic law. Gaps are filled in the regulation of business practices, rules of transnational law- norms, which are produced by the banks themselves.

By the organization of the settlement process that banks in different countries agree among themselves on a bilateral order, are: the type and currency accounts, which banks offer to each other; the procedure for calculating interest; ability to transfer funds to accounts in other currencies;

a list of income that can be brought to account; access to credit and forms of credit; credit limits and repayment; safeguard clause to account balances; a list of agencies and branches of foreign banks, entitled to perform