The Change and Development Trend of International Settlement Methods

Abstract

The integration of the world economy has promoted the exchanges and cooperation among countries in the field of trade. In order to meet the needs of the development of international trade, the methods of international settlement are constantly evolving, showing the characteristics of diversification and personalized development. International settlement refers to the payment of claims and debts in currency or the transfer of funds between countries due to political, economic, cultural, diplomatic and other aspects of communication or contact. Among them, international settlement with a trade background is called trade international settlement, while those without a trade background are called non-trade international settlement. Non-trade international settlement is mainly based on remittance, the operation is relatively simple and the risk is small. Under normal circumstances, the international settlement of trade is more complicated and risky.