国际支付与单据chapter.pptVIP

Introduction to International Payments and Settlements 国际支付与结算概述 Lead-in activity: What do you think international payments and settlements is about? Objectives of this chapter: The concept and evolution of international payments and settlements Correspondent banking relationship Inter-bank accounts The concept and evolution Definition Different reasons of money transfer Classification Evolution Characteristics Major points Definition: page 25 The nature of International payments and settlements: The forms of International payments and settlements: The reason of International payments and settlements: The purpose for International payments and settlements: Question: Does International Payments and Settlements amount to finance of exports? Classification International trade settlement 国际间贸易结算 International non-trade settlement 国际间非贸易结算 Reasons for money transfer: Visible trade有形贸易 Invisible trade无形贸易 Financial transaction 金融交易 Payments between governments others International non-trade settlement Money transfer incurred by any economic activity other than trade, political and cultural communication, etc. International trade settlement Evolution Cash settlement VS. non-cash settlement Direct payment VS. financial intermediary Simple price terms VS. more complex price terms Internet era Cash settlement VS. non-cash settlement Direct payment VS. financial intermediary Simple price terms VS. more complex price terms Internet era Characteristics Facilitated transfer and exchange; More diversified vehicle currencies; A need for highly efficient foreign exchange banks; International lending combined with international payment. Major points to be considered International payment and settlement methods; The financial instruments; Documents; The currencies; Rules and regulations. CorrespondentBanking Relationship代理行关系 Definition of correspondent bank Control documents Inter-bank accounts Services provided by correspondent Definitio