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❖ we also design “International Settlement Exercises” in English , which were edited on the basis of sequence of charters and sections in the text book " International Settlement" in Chinese.
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Main parts of International Settlements
❖ Negotiable instruments ❖ Payment techniques ❖ Documents ❖ The system of international payment
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The character of subject of International Settlements
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buyer
comer
foreign exchange
❖ From the subject of finance ❖ From bank
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Classifications of International Settlements
❖ International trade settlements ❖ International non-trade settlements
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❖ Since our professional level and English level are limited ,it’s hard to avoid mistakes or shortcomings. We sincerely hope that you put forward any criticism and valuable suggestions .
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the distinction between international settlement and domestic settlement
❖ international settlement ❖ domestic settlement
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❖ The distinction is that there are two parties of a transaction such as the buyer or the payer and the seller or the receiver who are situated in two different countries , the settlement of such transaction must be made by foreign exchange in order to clear off debts between these two parties. It is the international settlement.
International settlement
1
Chapter 1 Introduction to International
Settlements
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❖ International settlement is a course of integrating theory with practice. It puts emphasis on the application of theory into actual business operations.
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the distinction
❖ The distinction is that international trade settlement is created on the basis of sales of commodities
❖ while international non-trade settlement is created on the basis of non- commodity transactions.
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the definition of international settlement
❖ international settlement is the transaction arised from sales of commodities, services provided, transfer of funds, international borrowing and loan between two parties located in different countries which must be entrusted to the banks for payment of or claims to money on behalf of them
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❖ International settlement is also a course of our country' s banking business linking up with the world ' s banking business , it lays stress on handling international business in English in accordance with international practice .
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❖ For the sake of helping students to learn international settlement and to have a good grasp of basic theory , elementary knowledge and fundamental technical ability of this course , we hereby teach the course of international settlement in English .