国际结算(双语)教学全套课件1

1.1 Definition
the financial activities 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.
D/P
D/A
p4
Characteristics of modern international settlements
Payment methods
Documents
remittances,
collPeactyimonesn,tlemtteetrhsods
of credit, standby lbeatnrcotkeoefmlrlgceiurotcaefttrdaiocanitnrnc,este,dessei,tltesa,,tntdebrys intleertntaetrioonfalcredit, facbtaonrkingguaanrdantees, forifnateitrinagtional
• 2.Hong Kong suppliers agree that the buyer will effect payments under the term of CAD
• 3.In case that the supplier still insist on L/C terms even after the first order, the supplier agree to take over all L/C charges on him as well as the buyer’s side.
factoring and forfaiting
commercial invoice,
pacDkoincgumlisetn,ts:
bilclsomofmleardciniagl, insinurvaoniccee,poplaiccikeisn,g celritsitf,icbailtlessooff orliagidni,nge,tcinsurance
effected through a financial intermediary
safety, high efficiency, low cost, standardization
• From payments under simple price terms to payments under more complex price terms
expenses, inheritances, etc
1.2 Evolution
• From cash settlement to non-cash settlement • From goods trading to documents trading • From direct payment between traders to payment
Traditional payment method
• 1. Credit card • 2. Cash in advance • 3. Letter of credit • 4. Open account • 5. Consignment • 6. Documentary collection
Sight L/C Time L/C
国际结算：为清偿国际间的债权债务关系而发生在不同国家 之间的货币收付活动
Concept
• 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 financial assets, overseas money-raising and investing 3、payments between governments：aids and grants 4、others: overseas remittances, educational
• Settlement through the Internet
• 物权单据化，金融中介化，支付复杂化
1.3 contents
Instruments
bills of exchange,
proImnisstsrourmy ennottess,
checks
➢bills of exchange, ➢ promissory notes, ➢ checks
Internationalபைடு நூலகம்Settlement
• WHY ?
• WHAT ? • WHEN ?
Chapter One Introduction
❖1.1 Concept ❖1.2 Evolution ❖1.3 Contents ❖1.4 International payment systems ❖1.5 Laws and customs ❖1.6 Currency banking network
policies, certificates of origin, etc
Traditional payment method
case
• 1.The supplier agrees that the buyer will effect payments under the term of T/T against receipt of B/L by fax.