SYLLABUS OF INTERNATIONANL SETTLEMENT
Instructor: Yuan Yiting
Office Phone: 15800605992
Email: yyt0102@hotmail.com
Office: 821
REQUIRED TEXT
INTERNATIONANL SETTLEMENT, Xu Nan & Zhang Ya,Renmin University of China press
INTERNATIONANL SETTLEMENT AND FINANCING, Su Zongxiang & Xu Jie, Higher Education Press
3. INTERNATIONANL SETTLEMENT, Gao Jie & Luo Libin, China Financial Publishing House
DESCRIPTION
This course is devoted to international settlement tools, instruments and other research, is a foreign-related characteristics with very practical integrated disciplines. It not only contains the basic principles of international trade settlement, also contains information on the latest international trade settlement the development. Through a combination of theory and case, the basic knowledge will have a good fit to China's foreign trade and economic development. Through this course, students can master the basics of international settlement for future work in the foreign trade.
OBJECTIVES
International Settlement is a strong practical course, students should achieve the following objectives:
Be able to understand the concepts bills of exchange, promissory notes, checks and other credit instruments, and also master how to use them.
Master remittance, collection and letters of credit. As well as the knowledge of the characteristics of such settlements and responsibilities of the parties.
Familiarize the students with invoice, goods transport documents and insurance and other commercial documents.
Discuss the impact of the conventions and laws of international settlement developed by International Chamber of Commerce.
COURSE ASSESSMENT
Class Attendance: 10%. Responsible attendance is expected of each individual enrolled in this course. I will make a sign-up sheet and record your attendance. If you miss a lecture you are responsible for obtaining any missed notes and/or handouts on your own unless you are officially excused.
Assignment: 20%. The students should finish the assignments such as key concepts, questions for review, problems and application in the related chapters, and hand in them on time.
Examinations: 70%. There will be a fianl examinations during this semester. (please note the specific day and date listed in the calendar) The questions will come from the assigned reading material, the lecture notes, as well as class discussions and exercises.
COURSE CONTENTS
Chapters | Class Hours | |
Week 1-2 | CHAPTER ONE Overview of International Settlements 1.1 The emergence and development of international settlement 1.1.1 Definition 1.1.2 The emergence and development 1.1.3 Classification and characteristics 1.1.4 The development trend 1.2 International settlement system 1.2.1 Bilateral settlement system 1.2.2 Multilateral settlement system 1.2.3 Group of the multilateral settlement system 1.3 International Settlement Credit Management 1.3.1 Definition and features 1.3.2 The content of international settlement credit management | 3 |
Week 2-3 | CHAPTER TWO Legal Environment for International Settlements 2.1 Overview of the legal environment for international settlement 2.1.1 Legal Environment 2.1.2 Legal system 2.1.3 Relevant international conventions 2.2 Interpretation of the rules of international trade terms 2.2.1 Version of 1990 2.2.2 Version of 2000 2.3 Uniform Rules for Collections 2.3.1 URC522 2.3.2 URC522 and URC322 2.4 UCP 2.4.1 UCP600 2.4.2 UCP600 and UCP500 2.5 Other conventions and rules 2.5.1 Uniform Rules for Demand Guarantees 2.5.2 International Standby Practices | 2 |
Week 3-7 | CHAPTER THREE Bills for International Settlements 3.1 Overview 3.1.1 Definition 3.1.2 Nature 3.1.3 Effect 3.1.4 Laws 3.1.5 Rights and obligations 3.2 Bill 3.2.1 Definition 3.2.2 Content 3.2.3 Species of bill 3.2.4 Behavior of the parties 3.2.5 The parties related 3.3 Promissory notes 3.3.1 Definition 3.3.2 Content 3.3.3 All kinds of promissory note 3.3.4 The parties related 3.3.5 Differents between bill and promissory note 3.4 Check 3.4.1 Definition 3.4.2 Content 3.4.3 Species of check 3.4.4 The parties related 3.4.5 Differents between bill and check 3.4.6 Dishonour and stop payment of check 3.4.7 Period of check | 8 |
Week 7-8 | CHAPTER FOUR Remittance settlement 4.1 Overview 4.1.1 Definition 4.1.2 The parties related 4.1.3 Business process 4.2 All kinds of remittance settlement 4.2.1 Telegraphic transfer 4.2.2 Mail transfer 4.2.3 Remittance by banker’s demand draft 4.2.4 Comparison 4.3 Reimbursement and stop payment of remittance cover 4.3.1 Definition 4.3.2 Method 4.3.3 Definition of payment return 4.4 Usage in international trade 4.4.1 Payment in advance 4.4.2 Payment after arrival of the goods | 4 |
Week 9-10 | CHAPTER FIVE Collection 5.1 Overview 5.1.1 Definition 5.1.2 The parties related 5.1.3 Business process 5.1.4 Rights and obligations 5.2 Species of collection 5.2.1 Clean collection 5.2.2 Documentary collection 5.2.3 Business process of documentary collection 5.2.4 Species of collection 5.3 Usage in international trade 5.3.1 Risk and prevention of export 5.3.2 Financial intermediation 5.3.3 Differents between collection and Remittance | 5 |
Week 10-13 | CHAPTER SIX Letter of Credit 6.1 Overview 6.1.1 Definition 6.1.2 Business process 6.1.3 Features 6.1.4 Effect 6.1.5 Form and content 6.2 Species 6.2.1 Irrevocable credit and revocable credit 6.2.2 Confirmed credit 6.2.3 Payment at sight/against acceptance 6.2.4 Transferable credit 6.2.5 Back to back credit and reciprocal credit 6.2.6 Revolving credit 6.2.7 Anticipatory credit 6.3 Rights and obligations 6.3.1 Applicant 6.3.2 Issuing Bank 6.3.3 Beneficiary 6.3.4 Advising bank 6.3.5 Negotiating bank 6.3.6 Confirming bank 6.3.7 Confirming bank 6.3.8 Paying bank 6.3.9 Reimbursing bank 6.4 Practice for letter of credit 6.4.1 Issuance of credit 6.4.2 Advice of credit 6.4.3 Review of credit 6.4.4 Modification of credit | 7 |
Week 14 | CHAPTER SEVEN Choice and use of payments 7.1 Choice of payments 7.1.1 Principle of choice 7.1.2 Comparison of the three 7.2 General use 7.2.1 Letter of credit and remittance 7.2.2 Letter of credit and collection 7.2.3 Collection and remittance 7.2.4 Others | 2 |
Week 15-16 | CHAPTER EIGHT Documents for International Settlement 8.1 Overview 8.1.1 Definition 8.1.2 Effect 8.2 Cargo documents 8.2.1 Invoice 8.2.2 Packing list 8.2.3 Weight list/Volume list 8.3 Transport documents 8.3.1 Bill of Lading 8.3.2 AWB 8.3.3 Others 8.4 Review of documents 8.4.1 Principle 8.4.2 Elements | 3 |
Week 17-18 | CHAPTER NINE Risk Management in the International Settlement 9.1 Credit Risk Management 9.1.1 The bank part 9.1.2 The export part 9.2 Fraud Risk Management 9.2.1 Delivery guarantee 9.2.2 Forged documents under letter of credit 9.3 Operational Risk Management 9.3.1 The bank part 9.3.2 The export part | 2 |
Total Hours | 36 |