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1、IntroductionFrom1982to2004,thetotalinternationaltransactioninourcountrygrowsatanaveragerateof18%peryear,from54billiondollarsto1910billiondollars.Itarrivesat2420billiondollarsin2005growingattherateof27%and3335billiondollarsin2006withtherateof38%.Amongallthekindsoftransactions,tradetransactio
2、nscontributethemost,withnearly65%in2005,and60%in2006.2InternationalSettlements&PaymentsThemeaningofinternationalsettlementInternationalsettlementisdefinedasfinancialactivitiesconductedamongdifferentcountriesinwhichpaymentsareeffectedorfundsaretransferredfromonecountrytoanother,inordertosett
3、leaccounts,debts,claims,etc.emergedinthecourseofpolitical,economicorculturalcontactsamongthem.3InternationalSettlements&PaymentsThetypesofinternationalsettlementInternationaltradesettlement——paymentforvisibletradesInternationalnon-tradesettlement——paymentsforservices,transferoffundsamongcou
4、ntries,andotherpaymentssuchasoverseaseremittances,educationalexpenses,andinheritance.Evolution(发展过程)1.Bartertransaction(易货交易)TraderinLondonTraderinNewYorkCornCottonUniversalequivalentsPreciousmetalscash2.Cashsettlements(现金结算)ExporterinLondonImporterinNewYorkCornCashDisadvantages:risky,expen
5、sive,time-comsuming3.Non-cashsettlements(directly)(直接的票据结算)ExporterinLondonImporterinNewYorkImporterinLondonExporterinNewYorkCornBillCashCottonBillBillCashDisadvantage:infeasibleNon-cashsettlementsthroughbanks(indirectly)(间接票据结算)ExporterinLondonImporterinNewYorkBankinLondonBankinNewYorkCorn
6、BillBillBillCashFundstransferthroughA/Cbankservices:financingguaranteeconsultingCashfundstransfer5.Moreandmoremoderntechniquesarewidelyusedininternationalsettlements.(电子技术广泛运用)Communication(informationexchange)(通讯领域)SWIFT--electroniccommunicationsystem(P9)SocietyforWorldwideInter-bankFinanc
7、ialTelecommunication环球银行间金融(财务)电讯协会Establishedin1973,operatedin1977.LocatedinBrussels,Belgium.BankofChinabecameitsmemberbankin1983,begantouseitin1985.SWIFTBIC(SWIFT系统银行识别代码)Mainadvantages:faster,safer,cheaper,morestandardMessagetypes(MT)usedinSWIFT(SWIFT