Dissertation of International settlement
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International settlement
1. Introduction
International settlement business is through two Banks of non-tradable or by trade, it off the debts in international trade mercial Banks as the premise, and a basic categories ZhongJianXing business. International settlement process multiple risk. International trade and economic exchanges between the creditor and the debt must be certain forms to are three form of International the settlement of debt obligations: remittance, collection, letter of credit. The three kinds of international settlement can be used alone, also can match use.
This dissertation will discuss about identify and explain monly bination methods in international payment, evaluate ments these methods in the terms of advantages and disadvantages,then indicate the suitability’s of these methods used in international trade practice .
and explain monly bination methods in international payment
of the remittance and letter of credit settlement
Combination of the remittance and credit settlement partial payment is by letter of credit, the balance be paid with the remittance. If the remittance part of the payment before shipment, usually used as a deposit or part of the advance payment, if paid after shipment, usually not easy to control in some quantity, but also allow a
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