Forms and features of the organization of the international settlement operations"

Kobeleva E.S. and Buryanova N.V.
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Kobeleva E.S.: Don State Technical University
Buryanova N.V.: Don State Technical University

International Journal of Innovative Technologies in Economy, 2016, issue 3 (5), 34-38

Abstract: Research for International Settlements attracted the attention of economists since the emergence of the need for calculations. As the scope of the use and development of forms of payment themselves accumulated experience finds expression in a variety of methodological and reference materials, as well as in arbitration practice, the Anglo-American and European, and later Russia. Activation of foreign trade and the liberalization of foreign exchange legislation of Russia in the conditions of a market economy led to massive access to foreign markets of Russian companies as exporters and importers. Volumes of international payments, their role in the circulation of capital and the formation of the entity's financial performance. International operations include international settlements on foreign trade in goods and services, for non-commercial operations, credit and capital movements. For international settlements include operations accompanying the financial obligations under the contracts between the companies, enterprises and individuals of various countries. A distinctive feature of such payments (compared to internal calculations) is the presence in their structure of the stage of exchanging different currencies.

Keywords: COLLECTION FORM; LETTER OF CREDIT FORM; BANK TRANSFER; INTERNATIONAL PAYMENT; PAYMENT OPERATIONS OF BANKS (search for similar items in EconPapers)
Date: 2016
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Persistent link: https://EconPapers.repec.org/RePEc:scn:033054:16916564

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