Risk Analysis And Prevention Of International Settlement Business Of X Commercial Bank

With the progress of global economic integration,both the international and domestic economy environment are continously changing.Due to the current global financial crisis,there are many unpredictable risks in the settlement of import and export trade.In order to promote the healthy development of international settlement business of commercial bank,this paper took an analysis on risk points in common measures of conmercial bank upon international settlement,such as letter of credit,collection,remittance and so on,discussing the concrete measures of risk prevention.International settlement is the international currency receipt and payment behavior of creditor's rights and debts.It pays off the creditor's rights and debts between countries through curency,which are genarated from economic and cultural exchanges,policy and transactional communication.It is the creditor's rights and debt repayment of import and export trade,the transfer of capital and profit,labor service cooperation,diplomatic activities between the government,non-governmental economic and trade and cultural exchanges,and private travel produces.The international settlement service provided by commercial banks is an important way for commercial banks to participate in economic globalization.Problems brought by the rapid development of international settlement business and risk are both from internal and external aspects.Once these risks are not treated well in time,the commercial banks and companies would bear the loss in different degree.Therefore,the analysis and identification of risks in international settlement business is necessary for commercial banks.It is also needed for comercial banks to take necessary measures to prevent risks.This paper firstly focuses on the theory of risk management of international settlement business of commercial banks from the perspective of internal audit.Secondly this paper analyzes the risk factors of the international settlement business of commercial banks,and analyzes the risk matters and key test points of international settlement of commercial banks,especially the analysis of remittance,collection and letter of credit business.From the perspective of internal audit,this paper analyzes the problems existing in the international settlement business of commercial banks through experience summarization and case analysis.This paper analyzes the typical cases of risks of international settlement business,so as to find out the defects of internal control management,and then takes measures and suggestions to prevent risks.This paper expounds the necessary management method of controlling the risk of international settlement business of commercial Banks.In view of the international settlement business of commercial bank internal control defects existing in the typical cases,this article finally has carried on the discussion,furtherly optimize the process of the internal control management of commercial banks,and enhance risk management level of commercial bank during the international settlement business.