International Trade Settlement By Telegraphic Transfer (T/T)Risk Prevention And Control Research

International trade settlement between buyers and sellers is two different regions or countries because of commodity trading and require payment by the bank tor foreign exchange business to settle creditor-debtor relationship between buyers and sellers. Due to accelerate the process of global economic integration, China’s foreign deepening of reform and opening up, coupled with the rapid development of the Internet and other information technologies, thus making foreign trade competition becomes more intense, engaged in international trade, more and more enterprises, international trade settlement business will continue to expand. How to settlement risk prevention increasingly become the subject of international trade settlement, particularly the serious issue of foreign trade-related businesses. In recent years, China’s rapid economic growth, the rapid development of foreign trade and economic, wire transfer (T/T) as one of the main ways for International Settlements, as with fast, simple procedures and low cost advantages, in the actual business is more to the more widely used. However, since the wire transfer (T/T) the nature and characteristics of its own, decided there are certain risks in using telegraphic transfer (T/T) clearing the way. Therefore, to enhance the study of telegraphic transfer (T/T) in international trade settlement risk control measures, particularly necessary and important.This article is based on the basis of the current literature on the use of risk management theory and research methods combined with practical work, through the international trade wire transfer (T/T), Letter of Credit (L/C), collection (OC) three main the risks and benefits of settlement comparative analysis, focusing on the risks TT settlement method were analyzed; then through specific cases, research on theoretical issues were discussed specific empirical corroboration theoretical analysis; imports from Manufacturers, exporters and bank wire transfers made three different angles (T/T) clearing the corresponding control measures. Aims to present China’s foreign trade enterprises in international trade settlement has been working in the inspiration and practical help.