The international business of a bank 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 many aspects, such as import bill, export bill, packaged loan, forfaiting and factoring.

entering the international banking business is mainly about the settlement of letters of credit. Of course, there are certain requirements for English, but the requirements for oral English are not particularly high. To be an international business department, you can read "International Trade" and "International Finance", which are mainly about exchange rate and international settlement, and you can also read hedging, foreign exchange futures and foreign exchange options. Maybe some enterprises require these services.

Extended information:

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 currency and settled under certain forms and conditions. The international settlement mode has developed from simple cash settlement mode to relatively perfect bank letter of credit mode. The receipt and payment of money form capital flow, and the capital flow must be realized through the transmission 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 correspondent bank and asks the bank to pay the money to the payee by mail instead of himself. After receiving the payer's request, the bank receives the money, and then informs the correspondent 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 through pre-agreed methods.

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

3. L/C settlement business: L/C settlement means that after the importer and exporter sign the sales contract, the importer takes the initiative to ask the importing bank to open a L/C with the exporter, so as to guarantee his own payment responsibility. When the exporter has fulfilled his responsibilities according to 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 forms of guarantee for import and export settlement, namely bank guarantee and standby letter of credit.