国际结算课件
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2020/8/5
Review of International Trade
1. What is in百度文库ernational trade?
2. The major participants in international trade
3. Major processes of international trade
2020/8/5
2020/8/5
Introduction to International Settlements
❖1.1 Origin and development of international settlement
❖1.2 Basis and conditions of international settlement
1. 吴国新主编，《International Settlements》，清华大学出版社， 2008年。
2. 苏宗祥主编，《国际结算》（第三版 ），中国金融出版社，2004年。
3. 苏宗祥主编，《国际结算》（练习册 ），中国金融出版社，2004年。
4. 史万钧编著，《International Settlements》,中国金融出版社,2003
• Correspondent banks • Some organizations relevant to
international settlement
2020/8/5
1. Correspondent banks
“a bank having direct connection or friendly service relations with another bank.”
2020/8/5
Course Guidelines
• Course Objective
• Course Description
• Course Requirements
• Prerequisites
• Classroom Etiquette
• Grading:
Class attendance
10%
USD12.00 per kilo CFR New York
• CIF COST, INSURANCE AND FREIGHT (… named port of destination)
USD 30.00 per case CIF Kobe
• CPT CARRIAGE PAID TO (... named place of destination)
• Characteristics of modern international settlements
2020/8/5
1. Concept of International Settlement
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.
2020/8/5
4. Rules and regulations
1. Incoterms 2000 2. Uniform Rules for Collection, ICC
Publication No.522 3. Uniform Customs and Practice for
Documentary Credit, ICC Publication No.600 4. International Standby Practice 98 (ISP98) 5. International Standard Banking Practice for examination of documents under documentary credits, ICC Publication
4. Trade terms, 5. Incoterms 2000
2020/8/5
DIFFERENCES?
• EXW EX WORKS (...named place) USD1O.OO per set Ex seller's works Tianjin
• FCA FREE CARRIER (. . . named place) USD 15.00 per piece FCA Hengchiao Airport
2020/8/5
2. Some organizations relevant to international settlement
• IMF • The World Bank Group • The International Chamber of
Commerce • The ICC Commission on Banking
2020/8/5
Services provided by correspondent bank • Collecting checks, drafts, and other credit instruments; • Making credit investigations; • Providing banks with foreign exchange facilities; • Providing banks with funds / loans in case of need.
Technique and Practice
2020/8/5
3. Main payment systems
• CHIPS：Clearing House Inter-bank Payment System
• CHAPS: Clearing House Automated Payment System
USD68.00 per carton CPT Chicago
• CIP CARRIAGE AND INSURANCE PAID TO (... named place of destination)
USD68.00 per carton CIP Chicago
2020/8/5
2020/8/5
3. Basic content of international settlement
Negotiable instruments/financial documents Payment methods Commercial documents
2020/8/5
Relative security
• 2020/8/5 Settlement through the Internet
5. Characteristics of modern international settlements
Safe Convenient Quick Standard
2020/8/5
1.2 Basis and conditions of international settlement
Basic Methods of International Payments and Settlements
• Remittance • Collection • Letter of credit • Bank guarantee/ Standby L/C…
2020/8/5
4. Evolution of international settlement
2020/8/5
Establishment of a correspondent bank
➢Correspondent arrangement ➢Control documents Specimen of authorized signatures Telegraphic test key/SWIFT authentic key Schedule of terms and conditions ➢Inter-bank Accounts
8
Non-trade settlement and cyber payments
Classhours 3 7 2 6 10 2 4
2
2020/8/5
• Keep quite. • All mobile phones must be turned off.
2020/8/5
Reference books:
• From cash settlement to non-cash settlement
• From direct payment between traders to indirect payment
• From payments under simple price terms to payments under more complex price terms
2020/8/5
1.1 Origin and development of international settlement
• Basic concepts and content of international settlement
• Evolution of international concept
• TARGET: Trans-Europe Automated Real Time Gross Settlement Express Transfer System
• SWIFT: Society for Worldwide Interbank Financial Telecommunication
Tests/quizzes
20%
Final/Written exam
2020/8/5
70%
Topic
1 General Introduction
2
Instruments
3
Remittance
4
Collection
5
Letter of credit
6
Other methods
7 Documents required
2020/8/5
• SWIFT Society for worldwide inter-bank financial telecommunication established in 1973 advantages:
✓ faster, more reliable communication;
✓ reduced transaction errors; ✓ lower transmission costs; ✓ greater efficiency; ✓ better statistics; ✓ increased security
• FAS FREE ALONGSIDE SHIP (. . . named port of shipment) USD 120.00 per metric ton FAS Chingdao
• FOB FREE ON BOARD (... named port 2020/8/5
• CFR COST AND FREIGHT (... named port of destination)
2020/8/5
Banking institutions ✓Foreign branch bank ✓Correspondent bank ✓Representative office ✓Agency ✓Subsidiary bank ✓Affiliate bank ✓Consortium bank
2020/8/5
2. Types of international settlement
① International Trade Settlement ② International Non-trade Settlement: • invisible trade • financial transactions • payments between governments • others
Review of International Trade
1. What is in百度文库ernational trade?
2. The major participants in international trade
3. Major processes of international trade
2020/8/5
2020/8/5
Introduction to International Settlements
❖1.1 Origin and development of international settlement
❖1.2 Basis and conditions of international settlement
1. 吴国新主编，《International Settlements》，清华大学出版社， 2008年。
2. 苏宗祥主编，《国际结算》（第三版 ），中国金融出版社，2004年。
3. 苏宗祥主编，《国际结算》（练习册 ），中国金融出版社，2004年。
4. 史万钧编著，《International Settlements》,中国金融出版社,2003
• Correspondent banks • Some organizations relevant to
international settlement
2020/8/5
1. Correspondent banks
“a bank having direct connection or friendly service relations with another bank.”
2020/8/5
Course Guidelines
• Course Objective
• Course Description
• Course Requirements
• Prerequisites
• Classroom Etiquette
• Grading:
Class attendance
10%
USD12.00 per kilo CFR New York
• CIF COST, INSURANCE AND FREIGHT (… named port of destination)
USD 30.00 per case CIF Kobe
• CPT CARRIAGE PAID TO (... named place of destination)
• Characteristics of modern international settlements
2020/8/5
1. Concept of International Settlement
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.
2020/8/5
4. Rules and regulations
1. Incoterms 2000 2. Uniform Rules for Collection, ICC
Publication No.522 3. Uniform Customs and Practice for
Documentary Credit, ICC Publication No.600 4. International Standby Practice 98 (ISP98) 5. International Standard Banking Practice for examination of documents under documentary credits, ICC Publication
4. Trade terms, 5. Incoterms 2000
2020/8/5
DIFFERENCES?
• EXW EX WORKS (...named place) USD1O.OO per set Ex seller's works Tianjin
• FCA FREE CARRIER (. . . named place) USD 15.00 per piece FCA Hengchiao Airport
2020/8/5
2. Some organizations relevant to international settlement
• IMF • The World Bank Group • The International Chamber of
Commerce • The ICC Commission on Banking
2020/8/5
Services provided by correspondent bank • Collecting checks, drafts, and other credit instruments; • Making credit investigations; • Providing banks with foreign exchange facilities; • Providing banks with funds / loans in case of need.
Technique and Practice
2020/8/5
3. Main payment systems
• CHIPS：Clearing House Inter-bank Payment System
• CHAPS: Clearing House Automated Payment System
USD68.00 per carton CPT Chicago
• CIP CARRIAGE AND INSURANCE PAID TO (... named place of destination)
USD68.00 per carton CIP Chicago
2020/8/5
2020/8/5
3. Basic content of international settlement
Negotiable instruments/financial documents Payment methods Commercial documents
2020/8/5
Relative security
• 2020/8/5 Settlement through the Internet
5. Characteristics of modern international settlements
Safe Convenient Quick Standard
2020/8/5
1.2 Basis and conditions of international settlement
Basic Methods of International Payments and Settlements
• Remittance • Collection • Letter of credit • Bank guarantee/ Standby L/C…
2020/8/5
4. Evolution of international settlement
2020/8/5
Establishment of a correspondent bank
➢Correspondent arrangement ➢Control documents Specimen of authorized signatures Telegraphic test key/SWIFT authentic key Schedule of terms and conditions ➢Inter-bank Accounts
8
Non-trade settlement and cyber payments
Classhours 3 7 2 6 10 2 4
2
2020/8/5
• Keep quite. • All mobile phones must be turned off.
2020/8/5
Reference books:
• From cash settlement to non-cash settlement
• From direct payment between traders to indirect payment
• From payments under simple price terms to payments under more complex price terms
2020/8/5
1.1 Origin and development of international settlement
• Basic concepts and content of international settlement
• Evolution of international concept
• TARGET: Trans-Europe Automated Real Time Gross Settlement Express Transfer System
• SWIFT: Society for Worldwide Interbank Financial Telecommunication
Tests/quizzes
20%
Final/Written exam
2020/8/5
70%
Topic
1 General Introduction
2
Instruments
3
Remittance
4
Collection
5
Letter of credit
6
Other methods
7 Documents required
2020/8/5
• SWIFT Society for worldwide inter-bank financial telecommunication established in 1973 advantages:
✓ faster, more reliable communication;
✓ reduced transaction errors; ✓ lower transmission costs; ✓ greater efficiency; ✓ better statistics; ✓ increased security
• FAS FREE ALONGSIDE SHIP (. . . named port of shipment) USD 120.00 per metric ton FAS Chingdao
• FOB FREE ON BOARD (... named port 2020/8/5
• CFR COST AND FREIGHT (... named port of destination)
2020/8/5
Banking institutions ✓Foreign branch bank ✓Correspondent bank ✓Representative office ✓Agency ✓Subsidiary bank ✓Affiliate bank ✓Consortium bank
2020/8/5
2. Types of international settlement
① International Trade Settlement ② International Non-trade Settlement: • invisible trade • financial transactions • payments between governments • others