International Settlement

Author: Liang Qi
Publisher:
Publish Date: 2005-01-01
Features: International Settlement is a national-level planning teaching material for general higher education organized by the Ministry of Education. It can be used as a teaching text for the International Settlement course in universities and colleges, as well as a reference for practical workers in the banking and foreign trade fields.
Introduction: This book provides a systematic discussion of the basic theories and practices of international settlement. The entire book consists of an introduction and four parts, totaling sixteen chapters. In the introduction, it focuses on the development and cutting-edge issues of international settlement. Part I is titled "Negotiable Instruments in International Settlement," introducing the three major instruments—drafts, checks, and promissory notes—used in international trade settlement. These are the fundamental tools of international settlement. Part II is titled "Traditional Methods of International Settlement," introducing the three major methods—remittance, collection, and letters of credit—most commonly used in China's trade practice. Part III is titled "Documents in International Settlement," covering various documents used in international settlement, including basic and ancillary documents. Part IV is titled "Financing and Guarantees in International Settlement," introducing new international settlement practices such as bank guarantees, standby letters of credit, forfaiting, and international factoring. The book is interspersed with numerous examples and case studies, enabling readers to analyze common issues in international settlement practice, their solutions, and standardized operational procedures more concretely. This book is a national-level planning teaching material for general higher education organized by the Ministry of Education and can be used as a teaching text for the International Settlement course in universities and colleges, as well as a reference for practical workers in the banking and foreign trade fields.