International settlement

Author: Pang Hong
Publisher:
Publish Date: 2005-08-01
Features: With the development of global economic and financial integration, China's trade and financial sectors have opened up to broader and deeper levels. The trade exchanges and international settlement activities between China and other countries have undergone significant changes in both volume and structure. International settlement, as a cross-border economic activity, is an important branch of the international financial field. It is a discipline that studies the smooth flow of funds between countries from a micro perspective, the timely settlement of debts and credits, and the timely realization of currency payments. It includes the study of documents in international settlement, payment methods, and the bank-centered transfer settlement payment system. International settlement also involves many international conventions. It is a discipline that requires continuous practice and accumulation of basic operational skills, making it a highly theoretical, practical, and operational international banking business. It is a compulsory course for students majoring in international economics and trade, finance, and other related fields, as well as for professionals in international settlement.