C, Contents of is settlement Domestic settlement International settlements International Trade Settlement International Non-Trade Settlement Instruments Methods Documents inance Main methods other method basic Additional Import Exchange Packing Finance Remittance Factoring Invoice Promissory Weight note Letter of mmo Collection Guarantee Bill of Lading Certificate of Original Export Check lEtter of Standby letter| LInsurance all kinds of Finance credit of credit documents Certificates
Domestic Settlement International settlements International Trade Settlement International Non-Trade Settlement Instruments Methods Documents Finance Exchange Promissory note Check Remittance Collection Main methods Letter of credit Other methods Standby letter of credit Factoring Letter of guarantee basic Invoice Bill of Lading Insurance documents Additional Packing list Weight memo Certificate of Original All kinds of Certificates Export Finance Import Finance 11 C. Contents of IS settlement
D, 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 intermedial a From payments under simple price terms to payments under more complex price terms Settlement through the Internet safety, high efficiency, low cost, standardization
◼ 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 ◼ From payments under simple price terms to payments under more complex price terms ◼ Settlement through the Internet D. Evolution of international settlement safety, high efficiency, low cost, standardization
1.2 Basis of International settlement Banks net in international settlement 口 Branch Organizations a Correspondent bank or correspondents
1.2 Basis of International Settlement ◼ Banks Net in International Settlement Branch Organizations Correspondent Bank or Correspondents
Branch Organizations ■ Representative Office代表处 Agency Office代理处,经理处 ■ Brach&Sub- branch分行和支行 Subsidiary Bank子银行 ■ Affiliated Bank联营银行 ■ Consortium bank银团银行
Branch Organizations ◼ Representative Office 代表处 ◼ Agency Office 代理处，经理处 ◼ Brach & Sub-branch 分行和支行 ◼ Subsidiary Bank 子银行 ◼ Affiliated Bank 联营银行 ◼ Consortium Bank 银团银行 14
Correspondent Banks the basis for cooperation of commercial banks all over the world to fulfill international settlement Can be defined as a bank having direct connection or friendly service relations with another bank
Correspondent Banks -- the basis for cooperation of commercial banks all over the world to fulfill international settlement -- Can be defined as a bank having direct connection or friendly service relations with another bank 15