What are international settlements? What are the different forms of international settlements? What are the features of international settlements? What are the functions of international settlements? What are the rules of international settlements that help to avoid risks? What documents are required for international settlement?
Mutual settlements between legal entities, as well as individuals, which are carried out through a banking institution using foreign economic transactions, are called international settlements. This category includes "special" types of payments, when funds (payments under contracts) are transferred to the recipient's current account through international banking operations. Calculations of this type can be regulated by various legal acts and regulations.