Chapter 1 International Settlement under Globalization 1
1.1 International Trade and Settlement 1
1.1.1 International Trade 1
1.1.2 International Settlement 1
1.2 International Settlement in New Era 2
1.2.1 Computerization on Clearing 2
1.2.2 Innovation on Products 3
1.2.3 Enhancement on Financial Means 3
1.2.4 Combination of International Settlement and Lending 3
1.3 Types of International Methods 4
1.4 International Customs and Practices 4
百科小知识：国际结算的产生和发展 5
知识拓展：国际结算的分类 6
知识迁移：人民币贸易结算 7
实战操练 10
习题 10
Chapter 2 International Clearing Systems and SWIFT 13
2.1 US Dollar Clearing Systems 13
2.1.1 US Dollar Fund Transfer Payment Methods 14
2.1.2 Comparison and Fund Transfer Processing 18
2.2 Selection of Optimal Payment Method 19
2.2.1 To Pay Parties Located outside the United States 20
2.2.2 To Pay Parties Located in the United States 20
2.3 EUR Clearing Systems 21
2.3.1 Euro 21
2.3.2 Two Key Clearing Systems:TARGET and Euro 1 22
2.4 Japanese Yen Clearing Systems 24
2.5 HKD Clearing System 26
2.6 SWIFT—A Worldwide Interbank Financial Telecommunication 27
2.6.1 SWIFT Address/BIC Standard 28
2.6.2 SWIFT Authentication Key 28
2.6.3 SWIFT Message Types 28
百科小知识：支付清算系统 29
知识拓展：支付清算系统的基本要素 31
知识迁移：我国的支付清算系统 32
实战操练 35
习题 36
Chapter 3 Correspondent Banking 39
3.1 Correspondent Relationship 39
3.1.1 Sense of Correspondent 39
3.1.2 Organization Structure of Correspondent in Foreign Banks 40
3.2 Establishment of Correspondent Relationship 41
3.3 Selection of Correspondent Accounts 43
3.3.1 Current Accounts 43
3.3.2 Investment Accounts and Combined Accounts 44
3.3.3 Collection Service Accounts 45
3.4 Establishment of Credit Line for Correspondent 46
3.4.1 Risk Assessment and Management 46
3.4.2 The Procedure for Credit Line 49
3.4.3 Utilization of Credit Line 49
3.5 Information Collection and Policy Making 51
3.6 Correspondent Files Management 52
3.7 Production and Services Promotion 52
3.8 Development and Cultivation of Correspondent 53
百科小知识：代理行知多少 54
知识拓展：为什么要建立代理行 55
知识迁移：国际结算业务中的其他银行机构 57
实战操练 58
习题 60
Chapter 4 Instruments 62
4.1 Overview of Negotiable Instruments 62
4.1.1 Characteristics 62
4.1.2 Transfer 62
4.2 Negotiable Instruments 63
4.2.1 Bills of Exchange 63
4.2.2 Promissory Notes and Banker's Drafts 64
4.2.3 Checks and Traveller's Checks 66
4.3 Credit Cards 68
百科小知识：票据知多少 68
知识拓展：票据功能知多少 70
知识迁移：你了解票据风险吗 71
实战操练 74
习题 77
Chapter 5 Means of International Settlement—Remittance 80
5.1 Definition 80
5.2 Means of Remittance 80
5.2.1 Mail Transfer(M/T) 80
5.2.2 Demand Drafts(D/D) 82
5.2.3 Telegraphic Transfer(T/T) 83
5.2.4 Credit Cards 84
5.2.5 Traveller's Checks 84
5.2.6 E-banking and Web 85
5.3 Payment Transaction by T/T 85
5.3.1 Cover Payment Method 85
5.3.2 Key Points of Using Cover Method 86
5.3.3 Serial Payment Method 88
5.3.4 Key Points of Using Serial Method 89
5.3.5 Comparison between Cover and Serial Payment Methods 90
5.4 Guideline to Interbank Compensation 90
5.4.1 Natures of the Rules 90
5.4.2 Applications on the Rules 91
5.4.3 Operation on Claim 91
5.4.4 Cases on Compensation Claims and Related Errors 92
百科小知识：提供汇款业务的各类机构 93
知识拓展：国际汇款的具体应用 95
知识迁移：汇款结算方式的风险与防范 99
实战操练 100
习题 106
Chapter 6 Means of International Settlement—Collection 108
6.1 Definition 108
6.2 Parties and Workflow to a Collection 108
6.3 Documentary Collection 110
6.4 Uniform Rules for Collections(URC) 112
6.4.1 Collection Instructions 112
6.4.2 Legal Position ofBanks 114
6.5 Risk Control in the Documentary Collection 119
百科小知识：托收及其相关规则 124
知识拓展：托收当事人之间的关系 126
知识迁移：托收结算方式的特点及风险 128
实战操练 129
习题 135
Chapter 7 Means of International Settlement—Letter of Credit 138
7.1 Introduction of Letter of Credit 138
7.1.1 Definition and Workflow 138
7.1.2 Contractual Arrangement under the Credit 138
7.1.3 Principles and Characteristics of the Credit 140
7.1.4 Roles of Credit 140
7.2 Rights and Liabilities of Parties 143
7.2.1 Applicants(Importers) 143
7.2.2 Issuing Banks 144
7.2.3 Beneficiaries(Exporters) 145
7.2.4 Advising Banks 146
7.2.5 Confirming Banks 147
7.2.6 Negotiating Banks 149
7.2.7 Paying Banks 150
7.2.8 Accepting Banks 151
7.3 Operation on the Letter of Credit 151
7.3.1 Issuing a Letter of Credit 151
7.3.2 Utilizing the Credit 155
百科小知识：信用证及其相关规则的产生和发展 159
知识拓展：信用证种类知多少 162
知识迁移：信用证支付方式的风险 166
实战操练 167
习题 172
Chapter 8 Guarantees and Standby Letters of Credit 175
8.1 Bank Guarantees 175
8.1.1 Definition 175
8.1.2 Characteristics 175
8.1.3 Usage 176
8.2 Types of Bank Guarantee 177
8.2.1 Tender Guarantees or Bid Bonds 177
8.2.2 Performance Bonds/Guarantees 178
8.2.3 Advance Payment Bonds/Guarantees 179
8.2.4 Retention Money Guarantees 180
8.3 Standby Letters of Credit 181
8.3.1 What Is Standby L/C 181
8.3.2 Rapid Development for Standby L/C 182
8.3.3 Structure of Standby L/C 182
8.3.4 Advantages of Using Standby L/C 183
百科小知识：备用信用证知多少 184
知识拓展：备用信用证与银行保函的比较 186
知识迁移：备用信用证的风险 187
实战操练 188
习题 191
Chapter 9 Documents Handled in International Settlement 193
9.1 Presentation of Documents 193
9.1.1 Latest Date of Presentation 193
9.1.2 Credit with Dual Mature Dates 195
9.1.3 Extension of Expiry Date 195
9.1.4 Risks after Documents Presentation 196
9.2 Examination of Documents 197
9.2.1 Key Points for Documents Examination 197
9.2.2 Discrepancies Handling by Negotiating Bank 198
9.3 Forwarding of Documents 199
9.4 Documents to Be Made 200
9.4.1 Drafts 200
9.4.2 Commercial Invoices 201
9.4.3 Transportation Documents 201
9.4.4 Insurance Documents 206
9.4.5 Inspection Certificates 206
9.4.6 Certificates of Origin 207
9.4.7 Packing Lists 207
9.4.8 Additional Terms and Conditions 207
百科小知识：单据的含义及种类 208
知识拓展：单据的作用 210
知识迁移：单据的制作原则及要求 210
实战操练 212
习题 225
Chapter 10 International Trade Finance 227
10.1 Credit Line Granted by Banks 227
10.1.1 Credit Line Management 228
10.1.2 Scope and Utilization of Credit Line 229
10.2 Facilities on Import Finance 229
10.2.1 Letter of Credit Issuance 229
10.2.2 Imported Bill Purchased 231
10.2.3 Trust Receipt(T/R) 236
10.2.4 Shipping Guarantee 236
10.2.5 Receivables and Warehouse Bill as Pledge 237
10.3 Facilities on Export Finance 238
10.3.1 Anticipatory Credit 239
10.3.2 Packing Loan 245
10.3.3 Export Bill Purchased 249
10.3.4 Bill Discounted 250
10.3.5 Factoring 251
10.3.6 Forfaiting 258
百科小知识：国际贸易融资的产生与发展 270
知识拓展：国际保理业务与信用证及托收的比较 274
知识迁移：贸易融资风险及防范 275
实战操练 277
习题 278
Keys 281