国际结算chap空ter1.pptVIP

paying bank receiving bank A B C D E Sum of receivable Net debit A 0 20 10 20 50 100 — B 20 0 20 30 30 100 0 C 20 10 0 30 40 100 — D 10 30 20 0 40 100 10 E 10 40 20 30 0 100 60 Sum of payable 60 100 70 110 160 500 Net credit 40 0 30 — — 70 Clearing principles Some major payment system SWIFT Society for worldwide inter-bank financial telecommunication established in 1973 advantages: faster, more reliable communication; reduced transaction errors; lower transmission costs; greater efficiency; better statist