Beruflich Dokumente
Kultur Dokumente
International Settlements
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Reference books
2009
2010
2007
Exercises in class
20%
Examination
Final tests In
English 80%
International Settlement
Chapter1: Introduction On
Fundamentals In International
Settlements
Overview
Chapter2: Banks Clearing System
In international Settlements
International Settlement
Chapter3: Financial Instruments
used in International Settlements
Core
part
Chapter5: International
Settlement Methods
International Settlement
Chapter6: L/G and Stand-by L/C
extension
Chapter 1 Introduction on
Fundamentals in International
Settlements
Definition
International Settlement
International trade
visible trade and invisible trade
contents
Financial transactions
International Settlement
Objectives
safe
quick
convenient
Characteristics of evolution:
Chapter 1 Introductions on
Fundamentals in International
Settlements
computerization
SFNB,1996, USA;
Entrium Direct Bankers,1990,1998
International Settlement
Mail:
Letter, registered letter, express
delivery letter
Communication
means
Cable or Telex
Network: SWIFT
Chapter 1 Introductions on
Fundamentals in International
Settlements
SWIFT: society for worldwide interbank
financial telecommunications, a computerized
international telecommunications system that,
through standardized formatted messages,
rapidly processes and transmits financial
transactions and information among its
members around the world.
Chapter 1 Introductions on
Fundamentals in International
Settlements
Chapter 1 Introductions on
Fundamentals in International
Settlements
Chapter 1 Introductions on
Fundamentals in International
Settlements
Signatures
Credit
instruments
Mercantile
documents
Chapter 1 Introductions on
Fundamentals in International
Settlements
Classification
of settlement methods
Settlement on
commercial credit
Remittance payment in advance
open account O/A Collection
Settlement on
bank credit letter of
credit L/C bank guarantee
Chapter 1 Introductions on
Fundamentals in International
Settlements
control documents:
lists of specimen of authorized signatures: for
authentication of the messages, letters, remittances,
letters of credit, etc.
telegraphic test keys: code arrangements that enable the
banks to receive cables from other banks to verify the
authenticity of cables or telexes.
SWIFT authentic key: for authenticating messages
transmitted through SWIFT;
terms and conditions.
Mechanism)
Purposes of TARGET:
to provide the payment procedures necessary for
implementing the ECBs single monetary policy;
to promote sound and efficient payment mechanisms
in euro