Research On Settlement Risk Of Letter Of Credit In Bank Of China Heilongjiang Branch

Documentary credit is the most important international trade settlement payment and settlement,the nineteenth century with the development of international trade and development,compared with other methods of use of documentary credits and other medical billing and remittance income,so more secure.Because bank credit instead of commercial credit,the primary responsibility in the same document surface,the paying bank,the credit is a separate file,it does not depend on the business contract;Documentary credit card settlement banks deal with documents and not with goods,so,in addition to credit related parties located in different countries and regions and unscrupulous traders psychology,so with increased risk of documentary credit transactions.With the development of China's reform and opening up,China's accession to WTO,the rapid development of international trade,letter of credit settlement application to more international trade,which is convenient for documentary credit fraud.Credit fraud crime more cunning,subtle,more and more professional liar,fraud criminal means IQ smarter.It seriously endanger the normal social and economic order,it affects the socialist market economic system,the establishment and improvement.As a country dependent on international trade,foreign economies will be increasingly high,fraud offenses will face more and more,so our country is facing a serious threat to the normal international trade fraud and crime challenges.In recent years,in many cases with the documentary credit fraud confirm the seriousness and resolve urgent problems.