International Settlement

Author: Chen Zheng, Editor-in-Chief
Publisher:
Publish Date: 2005-03-01
Features: With the development of China's foreign trade, international settlement tasks have become increasingly demanding. International settlement is a significant branch of the international finance field, studying the theory and practice of international monetary receipts and payments from a micro perspective. It is a banking international business that is highly theoretical, practical, and operational. Looking at the current international economic situation, the financial industry is in constant flux, and trade exchanges are intricate. International settlement itself is a process of continuous practice, accumulation, and summarization, making it a highly technical field. To mitigate operational risks in international settlement, it demands extremely high standards from its practitioners. Therefore, comprehensively and systematically learning international settlement knowledge and mastering the basic operational skills related to international settlement are crucial for personnel engaged in foreign exchange banking, import and export trade, and for college students majoring in international economics and trade, finance, and related fields. This book elaborates on the principles of negotiable instruments in international settlement, introduces various international settlement methods, financial instruments such as drafts, checks, and promissory notes in international settlement, settlement methods like remittance, collection, letters of credit, bank guarantees, standby letters of credit, factoring, and forfaiting, as well as the documentation and verification of letters of credit. Additionally, it provides typical international settlement cases with high reference value and guiding significance for practical international settlement.