Chapter 2 Introduction to International Settlements Obiectives Definition of International Settlements Main causes to International Settlements Effects of International settlements Classifications of International Settlements Business Characteristics of International Settlements Evolution of International settlements 经贸学院囯际贸易系 王学惠◎
经贸学院国际贸易系 王学惠© Chapter 2 Introduction to International Settlements Objectives: • Definition of International Settlements • Main causes to International Settlements • Effects of International Settlements • Classifications of International Settlements’ Business • Characteristics of International Settlements • Evolution of International Settlements
1 Definition Financial activities conducted among different countries in Which payments are effected or funds are transferred from one country to another in order to clear relations of debts 经贸学院囯际贸易系 王学惠◎
经贸学院国际贸易系 王学惠© 1 Definition Financial activities conducted among different countries in which payments are effected or funds are transferred from one country to another in order to clear relations of debts
2 Main causes to international settlements 2.1 Visible trade (International trade settlements) 2.2 Invisible trade (International non- trade settlements 经贸学院囯际贸易系 王学惠◎
经贸学院国际贸易系 王学惠© 2. Main causes to international settlements 2.1 Visible trade (International trade settlements) 2.2 Invisible trade (International nontrade settlements)
3 Effects 3.1 Improve development of nternational Trade 3.2 Improve development of International Credit and Investment 3.3 Facilitate the establishment of International Finance Market and Improve the development 经贸学院囯际贸易系 王学惠◎
经贸学院国际贸易系 王学惠© 3. Effects 3.1 Improve development of International Trade 3.2 Improve development of International Credit and Investment 3.3 Facilitate the establishment of International Finance Market and Improve the development
4. Classifications NA Cash Settlement: (Cash on Delivery seldom used Settlement by Instruments: mostly by bill of exchange Settlement by Documents Telecommunication Settlement: SWifT eUCP EDI 经贸学院囯际贸易系 王学惠◎
经贸学院国际贸易系 王学惠© 4. Classifications Cash Settlement: (Cash on Delivery) seldom used Settlement by Instruments: mostly by bill of exchange Settlement by Documents Telecommunication Settlement: SWIFT, eUCP, EDI