Unit 10. Methods of International Settlements.pptVIP

Unit 10. Methods of International Settlements International money transactions refer to the movement of funds from one country to another. The main reason for moving funds from one country to another is the settlement of debts resulting from international trade. The methods of payment chiefly include remittance, collection and L/C. If the payment is made by remittance, it is called favorable exchange (顺汇), by which the buyer makes the payment by bank of his own accord; if by collection or L/C it is adverse exchange (逆汇), by which the exporter takes the initiative to gather payment f