MindMap Gallery Introduction to International Settlement
This is a mind map about an introduction to international settlement. The bank processes financial documents or commercial documents according to the instructions of the principal, with the purpose of obtaining acceptance or payment, and delivers the documents after acceptance or payment.
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This is a mind map about bacteria, and its main contents include: overview, morphology, types, structure, reproduction, distribution, application, and expansion. The summary is comprehensive and meticulous, suitable as review materials.
This is a mind map about plant asexual reproduction, and its main contents include: concept, spore reproduction, vegetative reproduction, tissue culture, and buds. The summary is comprehensive and meticulous, suitable as review materials.
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Introduction to International Settlement
concept
Natural persons, legal persons, and government agencies in different countries or different currency zones have claims and debts expressed in currency due to economic, cultural, and political exchanges, and the business activities of handling currency receipts and payments through banks to settle such claims and debts.
Purpose
Pay off debts and claims
Use a certain means and payment method to process
Realize cross-border transfer of monetary funds
Way
money transfer
TT
collection
DP
DA
letter of credit
LC
bill
effect
Means of circulation, means of payment
Use credit tools
content
commercial invoice
transport documents
insurance document
Transaction characteristics
Documentation of goods
Pay by voucher rather than against goods
Features
Large range of activities
Multiple currencies
The environment is more complex
Classification
trade settlement
Trade in goods (tangible goods)
main economic activities
Service trade (intangible goods)
non-trade settlement
That is, not caused by trading activities Examples: inter-governmental aid and donations, remittances from expatriates
Origin and development
origin
arising from international trade
and
Development status of productivity levels in various countries
Improvement of scientific and technological level
financial transportation
insurance business
development is closely related to
SWIFT
Safe, fast and low cost
Uniform standards and strict systems
Strict and reasonable organizational setup, the use of modern computer equipment and networks
Diversity and popularization
banking institution
Commercial credit
provided in monetary form
Large scale, low risk, low cost
Organization Type
Representative office
consultation service
Agency (office)
Only funds can be transferred and loans issued
Cannot accept deposits
branch
Under the jurisdiction of the head office
for-profit organization
Does not have legal personality
branch
Under the jurisdiction of the branch
for-profit organization
Does not have legal personality
agency bank
Domestic banks entrust their business to foreign banks
That is, as long as either party opens an account with the other party, regardless of whether the other party opens an account equally, it is called an agent bank.
Relationship with account bank
The correspondent bank is not necessarily the account bank
The account bank must be an agent bank
low cost
The next best choice among overseas banks
Account line
Establishing an account with the other party is a nostro account
When the other party establishes this account, it is the incoming account.
subsidiary bank
Business flexibility
Have legal personality
Associated banks
Preferred choice among overseas banks
Have legal personality
syndicated bank
The business is flexible, you can accept business from the parent bank and develop it yourself
Have legal personality