国际结算全集合（155P）.ppt

International Settlement Wangshu Chapter One Introduction Concept Category Evolution Players and theirs roles Factors in payment decisions Characteristics and developing trend Correspondent banking relationship Meaning of International Settlement the financial activities conducted among different countries in which payments are effected or funds are transferred from one country to another in order to settle claims and debts,emerged in the course of political ,economic or cultural contacts among them. Category of international settlement Trade settlement: payments for visible trades Non-trade settlement: 1、invisible trade settlement： payments for services, technology transfer, patents and copyright contracts, etc 2、financial transaction settlement： buying and selling of financial assets, overseas money-raising and investing 3、payments between governments：aids and grants 4、others: overseas remittances, inheritances, etc Evolution of international settlement From cash settlement to non-cash settlement From goods trading to documents trading From direct payment between traders to payment effected through a financial intermediary safety, high efficiency, low cost, standardization Electronic settlement SWIFT CHIPS CHAPS FEDWIRE TARGET Players and their roles Exporter to get prompt payment; minimize non-payment risks Importer to receive goods as ordered; pay as late as possible Financial intermediary to maximize revenues; credit risks associated with financing extended to buyers or sellers Factors in the payment decision To exporters: protection against non-payment risks by the importers, such as: commercial risks, financial risks; political risks; risks in control of title to the goods,etc. convenience; cost; commercial competitiveness Characteristics and developing trend 1. the scale and scope of international settlement get greater and greater 2. Internati