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 (LC)
1.5.5 Letter of guarantee and standby LC
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 effected
through a financial intermediary
1.6.3 From goods trading to documents trading
1.6.4 From paper documentary settlement to electronic documentary
settlement
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 Remittance50
(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 MT, TT, and
DD
4.2.1 Procedure of remittance
4.2.2 Comparison of MT, TT, and DD
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 Study)
Chapter 6 Letter of Credit
(Learning Objectives)
6.1 Outlines of letter of credit (LC)
6.1.1 Definition of a letter of credit
6.1.2 Roles of letter of credit
6.1.3 Characteristics of letter of credit
6.2 Parties to a letter of credit
6.2.1 Applicantbuyer
6.2.2 Issuing (buyer''s) bank
6.2.3 Beneficiary (sellerexporter)
6.2.4 Advising (seller''s) bank
6.2.5 Other parties
6.3 The major forms and contents of LC
6.3.1 The forms of LC
6.3.2 The contents of LC
6.3.3 International rules and customs
6.4 Procedures of LC
6.4.1 Application
6.4.2 Issuance
6.4.3 Amendment
6.4.4 Utilization
6.4.5 Negotiation of LC by negotiating banks
6.4. 6 Documents examined and honored by issuing banks
6.4. 7 Payment by applicants
6.5 A specific case on the procedure of LC
6.5.1 Background
6.5.2 Brief introduction of the case
6.5.3 Procedures
6.6 Examination of a documentary credit
6.7 Types of credit
6.7.1 Clean credit and documentary credit
6.7.2 Revocable credit and irrevocable credit
6.7.3 Confirmed irrevocable credits and unconfirmed irrevocable
credits
6.7.4 Sight payment credit, deferred (usance) payment
credit,acceptance credit, and negotiation credit 110
6.7.5 Transferable credit, non-transferable credit, and
back-to-back credit
6.7.6 Reciprocal credit
6.7.7 Revolving credit
6.7.8 Straight credit
6.7.9 Red clause credit
6.8 Key issues under letter of credit
6.8.1 Regarding the role of banks
6.8.2 Risk protection
6.8.3 Financing provided by banks under a letter of credit
(Summary)
(Case Study)
Chapter 7 Letter of Guarantee and Standby LC
Chapter 8 International Factoring and Forfeiting
Chapter 9 Documents Used in International Settlement
Chapter 10 International Trade Terms