The course content is divided into five major modules, covering the entire chain of "rule cognition - tool application - risk control management".
Module 1: Introduction to International Settlements This module will provide an analysis of the global trade framework and the historical evolution of international settlements. It will also examine the legal force of core rules such as UCP600 and URDG758, which form the foundation for practical operations in international settlements. Understanding these rules is crucial for students to grasp the basic principles and regulations that govern international financial transactions.
Module 2: Bills in International Settlements The focus of this module is on the three common types of bills used in international settlements: bills of exchange, promissory notes, and checks. It will delve into their legal elements, circulation behavior, and risk control mechanisms. Additionally, the module will explore the legal connection issues that arise during the transition from paper to digital bills, which is an important aspect considering the development trend of electronic bills. This will help students understand how to manage risks and ensure compliance in the context of evolving payment technologies.
Module 3: International Settlement Methods This module provides a detailed comparison of traditional international settlement methods, including remittance, collection, and letters of credit. It will also introduce new methods that combine settlement and financing functions, such as guarantees, standby letters of credit, factoring, and forfaiting. These new methods are essential for meeting the practical needs of supply chain finance and promoting the use of the renminbi in cross-border transactions. By studying these methods, students will gain insights into how to choose the most appropriate settlement tools for different business scenarios.
Module 4: International Settlement Documents The fourth module focuses on training students' skills in reviewing key documents used in international settlements, such as commercial invoices, transport documents, and insurance certificates. It will clarify the practical flexibility of the "documentary consistency" principle in accordance with the ISBP745 standard. Moreover, the module will explore the auxiliary value of AI document review systems in enhancing the efficiency and accuracy of manual verification processes. This will enable students to better understand the importance of document accuracy and compliance in international trade.
Module 5: International Settlement Business Management The final module integrates various aspects of international settlement business management, including financing, compliance review frameworks, and risk prevention. It aims to cultivate students' ability to optimize cash flow and avoid sanctions risks in complex geopolitical environments. This module will equip students with the skills needed to make strategic decisions that balance financial efficiency with regulatory compliance, which is essential for success in today's global business landscape.
The core value of the international settlements course lies in unblocking the "rules - technology - strategy" meridians. By mastering the content of this course, students will be able to identify potential risks in international financial transactions, such as the traps in letter of credit clauses. They will also learn how to use advanced technologies like blockchain to improve the efficiency and security of payment processes. Furthermore, students will gain the ability to anticipate and participate in the development of new international financial standards, such as those related to digital currency clearing agreements and carbon tariffs. These skills are not only essential for avoiding compliance risks at the million-dollar level but also crucial for participating in the cutting-edge battlefield of reshaping global financial systems.
In summary, the "International Settlements" course is designed to provide students with a comprehensive understanding of the core rules, emerging tools, and risk management strategies in international settlements. It aims to equip them with the necessary skills to navigate the complex and evolving global financial landscape, ensuring their success in cross-border business operations.
