internationalsettlements国际结算.ppt

Xiejuan,School of EconomicTrade,Hunan University International Settlements About the course International settlements is also a course of our country s banking business linking up with the world s banking business , it lays stress on handling international business in English in accordance with international practice . Content of Chapter One Definition Types of International Settlement Basic Content of International Settlement History and Development of International Settlement Major Points Concerning International settlements Condition of International Settlement 1.1.1 Definition International payments and settlements are 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，debts，claims，etc． Currency: Convertible Currency (1) Convertible currency in export country. (2) Convertible currency in import country. (3) Convertible currency in third country, generally referred to US currency. (1) International trade settlement With the expansion of global trade amongst countries, the role of banks, in international trade finance is becoming more and more important. Most transactions must be settled through banks. Without the bank’s participation，international trade would not have been developed to the stage we have reached today. (1)The supplier agrees that the payer will effect payments under the term of T/T against receipt of B/L by fax. (2)Hong Kong suppliers agree that the buyer effect payments under the term of CAD (cash against documents). (2) International non-trade settlement (3)Only in case of new suppliers and first order to them, the buyer might agree to effect payments under L/C terms. The L/C charges on the buyer’s side will be born by the buyer and the L/C charges on suppliers side will be born by the supplier. The Bill of Lading is made out to order and notify the buyer. (4) IN case that the supplier still insist on L/C terms ev