Settlement organization in international economic cooperation. The economic essence and legal aspects of the order of execution of mutual financial obligations in the global economy

As part of the dynamics of international economic cooperation is activated the need for mutual settlement operations, because the problem of organizing the calculations takes a significant place for the economically active subjects, especially in a globalized economic space in the functioning of transnational structures and scope of the export, import and international financial transactions. When negotiating the settlement procedure, the participants determined the form of the payment in order to fulfill the financial obligations under the agreement - regulated ways of voluntary compliance by the credit institution liabilities, is characterized by specific features with respect to funds credited to the account of the order, a certain type of payment document, and document the procedure. The source of the settlement relations is the need to have a single counterparty expressed in the necessary alienation, the other in the shortage. This attitude generates as a result of the relationship with the credit institution. Need activates the entry of subjects in international payment relations.