The international business of banks is specifically divided into international settlement and trade financing;

1, international settlement is divided into trade, non-trade and capital business, and trade includes letter of credit, remittance and collection;

2. Trade financing includes import and export, such as import bill, export bill, packaged loan, forfaiting and factoring.

Entering the international banking industry is mainly about letter of credit settlement. Of course, there are certain requirements for English, but the requirements for spoken English are not particularly high. As an international business department, you can read International Trade and International Finance, focusing on exchange rate and international settlement, as well as hedging, foreign exchange futures and foreign exchange options. Maybe some enterprises need these services.

Extended data:

International settlement business refers to the creditor's rights and debts arising from international trade and non-trade exchanges, which should be received and paid in the form of currency and settled under certain forms and conditions. The international settlement mode has developed from a simple cash settlement mode to a relatively perfect bank letter of credit mode. The receipt and payment of money forms capital flow, which must be realized through the transfer of various settlement tools.

Classification of international settlement business:

1. Remittance settlement business: Remittance is a settlement method in which the payer gives the payable money to his agent bank and asks the bank to pay the money to the payee by mail on his behalf. After receiving the payer's request, the bank receives the money, and then informs the agent bank where the payee is located in some way, asking it to pay the same amount to the payee. Finally, the two banks settled their creditor's rights and debts by means of prior agreement.

2. Collection settlement business: Collection is a settlement method in which creditors draw drafts on foreign debtors and entrust banks to collect money.

3. Letter of credit settlement business: Letter of credit settlement means that after the importer and the exporter sign the sales contract, the importer takes the initiative to ask the importing bank to open a letter of credit with the exporter to ensure their payment responsibility. When the exporter has fulfilled his responsibilities in accordance with the terms of the letter of credit, the importer will deliver the payment to the exporter through the bank.

4. Guarantee business: In the process of international settlement, banks often provide guarantees for importers and exporters with their own reputation to promote the smooth settlement process. There are two main ways to guarantee import and export settlement, namely bank guarantee and standby letter of credit.