Chapter-9--International-Settlement教学课件.pptVIP

9.1 Instruments of International settlement Kinds of international settlement 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, inheritances, etc 9.1.6 Basic content of international settlement Negotiable instruments/financial documents : bills of exchange, promissory notes, checks Payment methods: remittances, collections, letters of credit, standby letter of credit, bank guarantees, international factoring and forfaiting Commercial documents: bills of lading, insurance policies, certificates of origin, etc 9.1.7 Evolution of international settlement From cash settlement to non-cash settlement From goods trading to documents trading From direct payment between traders to payment effected through a financial intermediary safety, high efficiency, low cost, standardization From payments under simple price terms to payments under more complex price terms Settlement through the Internet 9.1.8 Characteristics of modern international settlements 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 financing 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. Banking institutions Foreign branch bank国外分行 Sub-branch支行 Correspondent bank代理行 Representative office代表处 Agency经理处 Subsidiary bank子银行 Affiliate bank联营银行 Consortium bank银团银行  国际结算的银行网络 (一)商业银行的分支机构 商业银行在全世界往往有以下分支机构。 ①分行和支行(BRANCH SUB-BRANCH)。分行和支行之间的关系称为“联行关系(SISTER BANK)”。 ②代表处(REPRE