Traditional Culture Encyclopedia - Traditional festivals - What is the main content of international settlement?
What is the main content of international settlement?
International settlement refers to the settlement of creditor's rights and debts or the transfer of funds in currency due to international political, economic, cultural, diplomatic and military exchanges. It is divided into visible trade and invisible trade. The international settlement caused by tangible trade is international trade settlement. International settlement caused by intangible trade is non-trade settlement.
International settlement is divided into trade settlement and non-trade settlement. Classification basis: the causes of the relationship between creditor's rights and debts.
Trade settlement:
It mainly includes bills-capital documents, remittance methods, collection, letters of credit, letters of guarantee, guaranteed payment agents, forfaiting and other businesses.
Non-trade settlement:
It mainly includes non-trade remittances, non-trade letters of credit, traveler's checks, purchase and receipt of non-trade bills, credit cards, foreign currency exchange, etc.
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