International  Trade  Settlement

Parties of different countries, whether personto person, units, enterprises or governments, need to handle the foreignexchange receipts and payments between the two countries through Banks for thepurchase and sale of commodities, service supply, funds allocation andinternational lending to settle the creditor's rights and debts between the twoparties, which is called international trade settlement.

Common settlement methods for internationaltrade are L/C and T/T