chapter 1 general introduction国际结算.ppt

International Settlement Why should we study this course in English To lay a solid foundation for the future work concerning international trade and payment Universities in China are encouraging their professors to teach in English, or bilingually in Chinese and English Goal of teaching To help students understand the fundamentals basic methods of int’l settlement, and grasp the basic skills of int’l settlement practices, so as to be able to work as a bank clerk or a qualified int’l business person. Chapter One General Introduction 1.1 Origin and development of international settlement 1.2 Basis and conditions of inter-national settlement 1.3 International payment systems 1.1 Origin and development of international settlement Basic concepts and content of international settlement Evolution of international concept Characteristics of modern international settlements 1.1.1 Basic concepts and content of international settlement Basic Concepts Modes of int’l settlement Basic content 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. 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 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 cos