国际支付与结算chapter2讲述.ppt

Vostro account: is the domestic currency account (due to account) held by a bank on behalf of a correspondent bank. From the point of view of Bank of China, a vostro account is an overseas bank’s account with us, denominated in RMB. Bank of China Hongkong and Shanghai Banking Corporation,Ltd., Hong Kong RMB Account 来账 Chapter 2 Introduction A Bank B Bank Current a/c XXX A Bank’s currency A/C XXX is A Bank’s __________________a/c, Vostro Exercise: Chapter 2 Introduction Services provided by correspondents (1) Collecting checks, drafts, and other credit instruments; (2) Making loan or investments as agent for their customer banks; (3) Making credit investigations of firms that borrow in the open market; (4) Providing banks with foreign exchange facilities, including commercial and traveler’s checks; (5) Providing banks with funds/loans in case of need. Chapter 2 Introduction * * Introduction to International Payments and Settlements 国际支付与结算概述 Chapter 2 Introduction 2.1 Definition financial activities conducted among different countries in which payments are effected or funds are transferred from one country to another in order to settle account, debts, claims, etc., emerged in the course of political, economic or cultural contacts among them. Chapter 2 Introduction They are money transfers as a result of international clearing, such as: (1)Visible trade; (2)Invisible trade; (3)Financial transaction; (4)Payments between governments; (5)Others. Chapter 2 Introduction The special implication of international payment and settlement practice International trade settlement ---- the role of banks International non-trade settlement Chapter 2 Introduction 2.2 Evolution 1. From cash settlement to non-cash settlement 2. From direct payment made between international traders to payment effected trough a financial intermediary 3. From payments under simple price terms to payments under more complex price terms 4. Internet era 13 century A.D. Ins