chapter 1 introduction
����learning objectives�� 1
��1.1 the concept of international settlement
��1.2 the categories of international settlement
��1.3 the risks involved in international settlement
����1.3.1 product production and transport risks
����1.3.2 credit risks
����1.3.3 adverse business risks
����1.3.4 political risks
����1.3.5 financial risks
����1.3.6 foreign exchange risks
��1.4 parties and their roles
��1.5 the application of international payment
����1.5.1 payment in advance
����1.5.2 credit transactions
����1.5.3 collection
����1.5.4 letter of credit ��l/c��
����1.5.5 letter of guarantee and standby l/c
��1.6 evolution of international payment
����1.6.1 from cash settlement to instruments settlement
����1.6.2 from direct payment between traders to payment effectedthrough a financial intermediary
����1.6.3 from goods trading to documents trading
����1.6.4 from paper documentary settlement to electronic documentarysettlement
��1.7 international rules and practice
chapter 2 international payment and clearing system
����learning objectives��
��2.1 payment system
����2.1.1 e-commerce payment system
����2.1.2 clearing process
��2.2 swift
����2.2.1 introduction
����2.2.2 characteristics
����2.2.3 types of swift message
��2.3 some major payment system
����2.3.1 chips
����2.3.2 fedwire
����2.3.3 chaps
����2.3.4 target
��2.4 correspondent banks in international settlement
����2.4. 1 banking institutions
����2.4.2 correspondent bank
����2.4.3 depository banks
chapter 3 instruments of international settlement
��learning objectives��
��3.1 an overview of negotiable instruments
����3.1.1 definition of a negotiable instrument
����3.1.2 chief features of a negotiable instrument
����3.1.3 parties to a negotiable instrument
����3.1.4 negotiable instrument laws
��3.2 bill of exchange
����3.2.1 definition of a bill of exchange
����3.2.2 contents of a bill of exchange
����3.2.3 parties to a bill of exchange
����3.2.4 classification of bill of exchange
����3.2.5 acts relating to a bill of exchange
��3.3 promissory note
����3.3.1 definition of a promissory note
����3.3.2 parties & characteristics of a promissory note
����3.3.3 contents of a promissory note
����3.3.4 classification of promissory��note
����3.3.5 difference between a bill and a note
��3.4 check
����3.4.1 definition of a check
����3.4.2 contents & features of a check
����3.4.3 parties to a check
����3.4.4 classification of check
����3.4. 5 check clearing & dishonor
����3.4.6 difference between a check and a bill of exchange
��3.5 other negotiable instruments
������summary��
������case study��
chapter 4 remittance/50
����learning objectives��
��4. 1 outlines of remittance
����4.1.1 definition of a remittance
����4.1.2 parties to a remittance
����4.1.3 types of remittance
��4.2 procedure of remittance and comparison of m/t, t/t, andd/d
����4.2.1 procedure of remittance
����4.2.2 comparison of m/t, t/t, and d/d
��4.3 reimbursement of remittance cover and refund
����4.3.1 reimbursement of remittance cover
����4.3.2 cancel the remittance or refund the imbursement
��4.4 the function of remittance in international trade
����4.4.1 payment in advance
����4.4.2 payment after arrival of goods
������summary��
������case study��
chapter 5 collection
����learning objectives��
��5.1 outlines of collection
����5.1.1 definition of a collection
����5.1.2 parties to a collection
����5.1.3 types of collection
��5.2 documentary collection practice
����5.2.1 procedures of documentary collection
����5.2.2 terms of releasing documents
����5.2.3 collection instruction
����5.2.4 liabilities and disclaimers of banks
��5.3 risk protection and financing under collection
����5.3.1 risk and protection for exporters and importers
����5.3.2 financing under the collection
������summary��
������case s