International Settlement

Author: Zhang Dongxiang
Publisher:
Publishing Date: 2005-01-01
Features: This book is written to meet the needs of further expanding the scale and scope of foreign economic and trade activities after China's entry into the WTO. The textbook not only explains theories but also emphasizes the cultivation of students' practical operational skills. The main content of this book includes: basic theories of international settlement, negotiable instruments in international settlement, methods of international settlement, import and export trade affairs, bank exchange and trade settlement businesses, non-commercial settlement, and financing of international trade settlement, etc. It serves as an ideal textbook for undergraduate students majoring in international trade and international finance to study international settlement, and also a good reference book for others to learn about this field. This book is written to meet the teaching needs of universities and colleges in finance, international economics and trade, and other related fields. The entire book is divided into six parts:
Part 1: International Trade and Settlement
This part introduces the basic concepts of international settlement, the evolution of international settlement, the electronicization of international settlement, international trade terms, correspondent banks in international settlement, and SWIFT. The content of this part forms the foundation of international settlement.
Part 2: Instruments of International Settlement
This part systematically analyzes and introduces the negotiable instruments used in international settlement as credit instruments. Its main content includes the nature of negotiable instruments, rights and obligations under negotiable instruments, negotiable instruments law, types of negotiable instruments, negotiable acts, and the use of negotiable instruments in international settlement.
Part 3: Basic Methods of International Settlement
This part provides a detailed introduction to trade remittances, documentary collections, and documentary letters of credit, which are used for cross-border payments or fund transfers. It covers the business processes, basic types, trade financing, risk management, relevant international conventions, and usage contexts of various settlement methods.
Part 4: Supplementary Methods of International Settlement
This part systematically introduces three methods that supplement the basic methods in terms of risk control and trade financing: factoring, forfaiting, and bank guarantees. It includes the basic functions, basic procedures, risk control, and usage contexts of these settlement methods.
Part 5: Methods of Non-Commercial Settlement
This part briefly introduces foreign currency exchange, non-commercial remittances, clean collections and clean letters of credit, and credit cards.
Part 6: Commercial Documents
This part analyzes the content of major commercial documents used in international settlement to reflect and describe the characteristics of goods, such as transport documents, insurance documents, and commercial invoices.
The book includes six parts: International Settlement Basics, Instruments of International Settlement, Basic Methods of International Settlement, Supplementary Methods of International Settlement, Non-Commercial Settlement, and Commercial Documents.