Settlement form of international trade settlement

Settlement forms of international trade settlement:

1. Remittance, also known as remittance, is the simplest settlement method in international trade. When the payment is settled by remittance, after the seller ships the goods to the other party, the seller sends the relevant shipping documents to the buyer, and the buyer pays the payment to the seller through the bank.

2. Collection means that a bank receives an entrustment instruction to process financial documents and/or commercial documents for acceptance or payment, or hand over commercial documents through acceptance or payment, or hand over documents through other conditions.

3. Letter of credit, that is, the bank pays the third party or its designee according to the customer's requirements and instructions or in its own name, or accepts and pays the draft issued by the beneficiary with the specified documents; Or authorize another bank to pay, or accept and pay; Or authorize another bank to negotiate.

Tips: The above contents are for reference only.

Reply time: 2021-11-29. Please refer to the latest business changes announced by Ping An Bank in official website.