Research On Innovation Of E-Products In International Settlement Business Of A Bank Shandong Branch

The booming of global economy, along with information techniques, have put forward higher requirements for international settlement. Therefore, attention, are not only paid to traditional international settlement means such as T/T, Collection, Letter of Credit and Guarantee, but more, to the tools with faster speed, safety and efficiency. Now that operating patterns are adjusted from time to time in accordance with economic and financial globalization, business development patterns are ought to be in greater harmony with the development of information techniques, which poses new challenges for international settlement as well as the whole managing pattern of commercial banks.Internet financing, connecting Internet with the means of banks’ international settlement, have brought with them opportunities for innovative products in international banking business by allowing more parties to participate in on-line international business and using Internet to present E-Documents in lieu of paper document presentation to accelerate the speed of logistics, documents and funds. Innovation for international banking business against the background of Internet economy are mainly embodied in the following aspects, and the first one would be information transmission patterns between innovative enterprises and banks. With E-Banking techniques, non-paper presentation between enterprises and banks would save their costs. Then comes the settlement means,which are ought to be innovated with the invention of new information-transmitting channels. Presently, there are three mainstream innovative transmission patterns, they are E-Banking, E-Presentation and TSU&BPO.With research on both macro outer circumstances and inner power of international settlement business in A Bank Shandong Branch, this thesis, where the analysis of its conditions and background is based, introduces the innovative business patterns in its international settlement business, namely, E-Banking, E-Presentation and BPO, and analyses their advantages and disadvantages in the present system with corresponding effective solutions.In light of the above-mentioned analysis in detail, this thesis come to the conclusionthat the process of constructing and enhancing our domestic innovative E-International settlement system calls for continuous aid from various parties such as legislative branches, banks and enterprises. As for legislative branch, there would be a long way to go and it is urgent that study on relative laws and guidelines be carried out to develop, improve and popularize the innovative E-Banking system. Banks are requested to improve its E-Banking international settlement system as well as their means, fostering one mature E-Trading system by rendering them more and more popular among customer and raising the proportion of E-Settlement means in international settlement system. When it comes to enterprises, the problems they are confronting is to master more knowledge about using innovative products in settlement system to save their costs and enhance efficiency while keeping the ongoing pace with current era. These three parties, banks, enterprises and companies specializing in E-Commerce business should work together to organize professional training on the innovative products so as to educate more professionals.Besides, colleges and universities, catering to the needs of the electronic age, are required to set more courses about E-Settlement products to bring more and more professionals.