1、Welcome to International Settlement,Have you ever thought of the followings:,What is International Settlement？ Why do we learn this course? How to master the course well？ What is the course value criterion？ How to contact you, Sir？,Whats International Settlement？,I.S. refers to financial activities
2、conducted among different countries in which payments are effected or funds are transferred from one country to another in order to settle accounts, claims and debts that have emerged in the course of political, economic or cultural contacts among them. 国际结算是指为清偿国际间债权债务关系而发生在不同国家之间的货币收付业务。,Why do we
3、 learn this course?,International Trade and International Settlement （国际贸易与国际结算） Financial activities and International Settlement （金融活动与国际结算） All of us and International Settlement （大家与国际贸易）,How to master the course well ？,Preview before class Listen with care in class Review after class,Course Str
4、ucture,I.S.,Payment methods,Financial instruments,Commercial documents,Teaching Methods,References,国际结算国际贸易融资支付方法，赵薇，东南大学出版社。 国际结算与融资，梁琦，南京大学出版社。,Please download notes and exercises at ： (PWD:publicis),Course assessment ？,Assignment（20） Attendance（10） Final exam （70）,Types of I.S.,International tra
5、de settlement(国际贸易结算) International non-trade settlement（国际非贸易结算）,Trade settlement: payments for visible trades Non-trade settlement:1、invisible trade settlement：payments for services, technology transfer, patents and copyright contracts, etc 2、financial transaction settlement：buying and selling of
6、financial assets, overseas money-raising and investing3、payments between governments：aids and grants4、others: overseas remittances, inheritances, etc,Kinds of I.S.,Basic Content,Financial instruments : bills of exchange, promissory notes, checks Payment methods: payment in advance, open account, rem
7、ittance, collection, letter of credit, bank guarantee, Commercial documents: invoice, bill of lading, insurance policy, packing list, etc,From cash settlement to non-cash settlement From direct payment between traders to payment effected through a financial intermediary From payments under simple pr
8、ice terms to payments under more complex price terms Settlement through the Internet,Evolution of I.S.,Transfer of foreign exchange funds and conveyance of messages are very much facilitated due to international banking network connected with electronic telecommunication International lending and fi
9、nancing is closely combined with international payments More diversified vehicle currencies Greater importance is attached to high efficiency on the part of the foreign exchange banks.,Characteristics of modern I.S.,Basis and conditions of I.S.,Correspondent banks Some organizations relevant to I.S.
10、,Definition of correspondent bank Services provided by correspondent bank Control documents Inter-bank accounts How to select the best bank,Correspondent banks,Specimen signatures Telegraphic test key/SWIFT authentic key Schedule of terms and conditions,Control Documents,Nostro and vostro account (往
11、来账户) Samples of reimbursement methodsdebit account 借方帐户credit account 贷方账户,Inter-bank accounts,Some organizations relevant to I.S.,IMF The World Bank Group The International Chamber of Commerce The ICC Commission on Banking Technique and Practice,International payment systems,Clearing Principles Some major payment system,Clearing principles,Some major payment system,SWIFT CHIPS CHAPS TARGET FED WIRE,exercise,下列哪些事项引起的国际结算是非贸易结算( ）。 我国某著名影星向智利地震捐赠10万美元 美国无偿援助智利5000000美元 非洲某国向美国购买药品若干 中国银行上海分行和纽约花旗银行轧清上年往来业务,
