International Settlement and Credit

Author: Xu Lifang
Publisher:
Publish Date: 2005-03-01
Features: This textbook not only introduces the payment instruments, settlement methods, and commercial documents used in international settlements but also provides a detailed explanation of financing and credit methods related to trade settlements, as well as other international credit methods, organically linking international settlements and international credit. The book is divided into twelve chapters. Chapter 1 Introduction, elaborates on the basic content of international settlements and credits and the main characteristics of current international settlements; Chapters 2 to 4 discuss the necessary items, features, types of drafts, promissory notes, and checks in international settlements, as well as the relevant provisions of laws in various countries; Chapters 5 and 6 explain the nature, role, business processes, risks, and prevention measures of international settlement methods—remittances, collections, and letters of credit; Chapter 7 covers the instruments that provide credit protection for parties undertaking transaction risks—bank guarantees and standby letters of credit; Chapter 8 discusses commercial documents and their verification in international trade settlements; Chapter 9 introduces non-trade settlement forms such as remittances of foreign exchange, foreign currency exchange, and travel letters of credit; Chapter 10 explains trade financing methods provided by banks for exporters under certain trade settlement methods—forfaiting and international factoring; Chapter 11 covers short-term and medium-to-long-term trade credit methods provided by banks for importers and exporters in international trade; Chapter 12 introduces other international credit methods, such as government credits, project loans, and international syndicate loans.