Internatinal payment, which closely connects theories of finance and trade and practices, is a compulsory course for students majored in finance and international trade. This course introduces how banks utilize proper financial documents and commercial documents to settle the international debt accounts through relevant settlement methods, and how to control and manage risks arising during the course of settlement.
This course covers four parts: the theory of international payment, the mode of international payment, and the management of international payment. Students will have a thorough understanding of international payment through the perfect theory structure and vivid illustrations in this course.
The lectures and assessment exams are designed to provide structured learning of the key concepts, measures, models relevant to the course.
The objective of this course is to familiarize students with theories an practises in international payment. The students will learn about financial innovations and risk managements in international payments and the specialties in Chinese bankking practices. In all, the course aims to increase students' financial literacy and abilities to deal with financial practices.
1. Introduction on International payments
Discussion
1.3 SWIFT
1.4 Case study:Is SWIFT really safe?
1.1 introduction on international payments
1.2 evolution of international payments
Chapter test
2. Banking Clearing System in International Payments
2.1 banks' global business system
chapter test
2.2 banks' FX transferring system
2.3 USD international clearing system
discussion
2.4 RMB international clearing system
3. Financial Documents in International Payments
3.11Case study on promissory notes and checks
3.1 introduction on notes
3.6 types of bills of exchange
3.10 case study on bills of exchange
3.2 typs of notes
discussion
3.7 promissory notes
3.3 introduction on bills of exchange
3.4 issuance of bills of exchange
3.9 traveller's checks
chapter test
3.5 other behaviors
3.8 check
4. Commercial Documents in International Payments
4.2 commercial invoice
4.4 some special invoices
chapter test
4.13 introduction on insurance documents
4.11 some special bills of lading
4.5 commercial terms 1
4.16 excercises
4.3 issuance of commercial invoice
discussion
4.7 case study on commercial terms
4.10 classifications of bill of lading
4.15 additional documents
4.6 commercial terms 2
4.9 issuance of bill of lading
4.12 other transport documents
4.1 Introduction on Commercial Documents
4.8 introduction on bill of lading
4.14 issuance of insurance documents
5. Methods of International Payments
5.2 Classifications of Remittance
5.8 Classifications of L/C
5.6 Parties and Procedures of L/C
chapter test
5.1 Introduction on Remittance
5.4 Classifications of Collection
5.9 special types of L/C
discussion
5.7 A format of L/C
5.3 Introduction on Collection
5.5 Introduction on L/C
International Finance, Banking and Currency, Macro-economics
RECOMMENDED BOOKS
Yunnan Xiao, International Payments and Settlements,Qinghua University Publishing House, Northern Transportation Publishing House, 2010.
Su Zhong Xiang, International Payment, Chinese Financial Publishing House, 2017
Some useful websites:
https://cn.wsj.com/gb/
https://www.chinamoney.com.cn/
https://www.chinacp.com.cn/