• 통상정보연구
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• 제8권4호
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• pp.71-88
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• 2006

This article want to discuss on comparative research between CHIPS and Fedwire as the cross-border payment systems which America have and use at present. CHIPS is a New York-based automated private-sector clearing facility for large-dollar transfers. It is a central switch communication and settlement system whose 53 participating banks exchange same-day payment messages over dedicated communication lines linking each one to the CHIPS central computer. On January 22, 2001, CHIPS introduced immediate finality for payment released from the CHIPS queue. Unlike the Fedwire system, The CHIPS system is not a real-time gross settlement system. Instead, CHIPS is hybrid system that uses a computer program to select payment order in a queue for release to the receiving bank. CHIPS are governed by CHIPS Rules and Administrative Procedures. Fedwire system is a nationwide electronic fund-transfer system facilitating same-day transfers throughout the United States. It is a gross settlement system providing immediate credit to the receiving bank's master account. Communicating between a Federal Reserve Bank and Fedwire users can be either on-line or off-line. Fedwire transfers are governed by Subpart B of Regulation J, issued by the Federal Reserve Board, which incorporates U.C.C. Article 4A but preempts or supersedes any of its inconsistent provisions.

• 한국전자거래학회지
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• 제7권1호
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• pp.187-206
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• 2002

The purpose of this study is to review the process for the trade settlement system between all parties involved in the commercial transaction under SURF System. SURF application is the latest value added service from bolero.net and a fully automated documentary settlement system. It extends bolero.net's capability to enable trade transactions by providing a delivery versus payment system. It has been designed as a standard, shared, infrastructure component for handling trade settlement within an electronic environment to keep step with the operation of electronic Bolero bill of Lading. It exploits the services provided by the Bolero Core Messaging Platform - secure, guaranteed transactions based on boleroXML standards to provide document compliance services with optional bank guarantees. So, SURF system can automatically check all commonly used trade documents such as commercial invoices, bills of lading and certificates of weight and analysis, etc and supports a full range of settlement options including Open Account, Documentary Collections, Documentary Credit. 58 have key features as follows, ① automatic document compliance checking, ② integrated with the Title Registry, ③ supports various forms of vender financing, ④ governed by a set of legally binding rules, ⑤ fully prepared for Straight-Through-Processing, ⑥ Enabled compliance with UCP 500.

• 한국태양에너지학회 논문집
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• 제40권3호
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• pp.1-20
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• 2020

In accordance with the Government's policy, renewable power generation is expanding very largely. This leads to increasing uncertainty in the power market and power system owing to the intermittent and fluctuating output characteristics of renewable power generators. Data on the acquisition of renewable power generators can be largely classified according to the operation of the power market and power system. Data on the settlement for the payment for the power amount are acquired in the power market, and real-time data for monitoring the status and output of the generators are acquired in the power system. However, renewable power generators operating in the power market have different acquisition cycles depending on the method of communication of the power meter. They acquire data only for settlement purposes and have no real-time data, which requires improvement. In this paper, the acquisition status is reviewed by classifying the data of renewable power generators into settlement and real-time data. In addition, measures and acquisition criteria for real-time data of renewable power generators for improving the acquisition method are proposed.

• 산업기술연구
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• 제28권B호
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• pp.91-99
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• 2008

Applicability of existing methods of predicting consolidation settlement was assessed by analyzing results of centrifuge tests modelling self-weight consolidation of soft marine clay. From extensive literature review about self-weight consolidation of soft marine clays located in southern coast in Korea, constitutive relationships of void ratio-effective stress-permeability and typical self-weight consolidation curves with time were obtained by centrifuge model experiments. For the condition of surcharge loading, exact solution of consolidation settlement curve was obtained by Terzaghi's consolidation theory and was compared with the results predicted by currently available methods such as Hyperbolic method, Asaoka's method, Hoshino's method and ${\sqrt{S}}$ method. All methods were found to have their own inherent error to predict final consolidation settlement. From results of analyzing the self-weight consolidation with time by using those methods, Asaoka's method predicted the best. Hyperbolic method predicted relatively well in error range of 2~24% for the case of showing the linearity in the relationship between T vs T/S in the stage of consolidation degree of 60~90 %. For the case of relation curve of T vs $T/S^2$ showing the lineality after the middle stage, error range from Hoshino method was close to those from Hyperbolic method. However, Hoshino method is not able to predict the final settlement in the case of relation curve of T vs $T/S^2$ being horizontal. For the given data about self-weight consolidation after the middle stage, relation curve of T vs T/S from ${\sqrt{S}}$ method shows the better linearity than that of T vs $T/{\sqrt{s}}$ from Hyperbolic method.

• 국제지역연구
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• 제13권2호
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• pp.618-642
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• 2009

현재 WTO에 가입한 국가는 국가 간 무역분쟁을 다룸에 있어서 WTO협정의 DSU 등에서 규정하고 있는 분쟁해결제도의 틀을 준수해야 한다. 더욱이 동 협정에서는 지역 자유무역협정을 체결하더라도 WTO의 분쟁해결제도를 원용할 수 있도록 규정하고 있다. 우리나라와 미국은 WTO의 핵심 회원국으로서 주요한 역할을 수행하고 있다. 그럼에도 불구하고 한미 자유무역협정에는 별도의 분쟁해결제도를 도입하고 있다. 물론 일부 WTO의 분쟁해결제도를 벤치마킹한 부분이 존재하기도 하지만 분쟁해결을 위한 공동위원회 설치, 분야별 분쟁해결제도 별도 도입 등 상당부분 WTO 분쟁해결제도와는 차별화된 시도를 하고 있다. 본 연구에서는 한미 FTA와 WTO 양자의 무역분쟁해결제도를 상호 비교 고찰함으로써 실효성 측면 등 제 관점에서의 문제점을 도출하고 이를 근거로 그 대안 및 정책적 함의를 제시하고자 하였다. 이는 현재 추진하고 있거나 향후 추진할 FTA 협상에의 반영 및 국가 통상정책수립, 운용의 관점에서도 시사하는 바가 클 것으로 판단되며 특히 우리나라 일각에서는 한미 FTA 분쟁해결규정에 일부 문제가 있다는 지적이 제기되고 있는 바 이러한 관점에서 더욱 논의 및 연구 검토의 필요성이 존재한다.

• 수산경영론집
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• 제48권3호
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• pp.15-32
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• 2017

This article's aim is to review the jurisprudence which has emerged pursuant to the international dispute settlement provisions and to provide a provisional expectation as to the future of international dispute settlement under "UNCLOS". Globally, marine fisheries play an important role in ocean biodiversity and the food security of millions of people, providing a vital source of high-quality dietary protein and supporting individuals' livelihoods and income. In the 1982 Convention, the establishment of co-operative mechanisms for effective monitoring, control, surveillance and enforcement, decision-making procedures facilitating the adoption of such measures of conservation and management, and the promotion of the peaceful settlement of disputes are called for. In this study, 'Northeast Asian Sea' means that the Yellow/East China Sea, the East Sea, the Ohotsk Sea, the Kamchaka Sea, the Alaska Sea, and the Bering Sea surrounded by Korea, China, Japan, Russia, U.S.A. and Canada including their EEZs. There are several bilateral fisheries agreements existing in Northeast Asian area, the Fisheries Agreement between Republic Korea and Japan, between Republic of Korea and China, between China and Japan, between Republic Korea and U.S.A., between Republic Korea and Russia, between Russia and Japan, And there are several regional fisheries organizations existing in Northeast Asian area, for example NPAFC(Convention for the Conservation of Anadromous Stocks in the North Pacific Ocean), CBSPC (Convention on the Central Bering Sea Pollack Conservation), PICES(North Pacific Marine Science Organization), NPFC(North Pacific Fishery Commi-ssion) etc. It analyzed the proliferation of bilateral treaties and multilateral treaties due to the adoption of the EEZ in Northeast Asia reviewed the strengthening of management rights on the high seas marine living resources and marine environment preservation of regional fisheries organizations. In view of the changes in the international fisheries mechanism this paper suggested the future direction of the country in overseas fisheries. We concluded as follows. We shall apply bilateral treaties first, regional fisheries organizations' treaties secondly, and provisions under "UNCLOS" for dispute settlement last.

• 경영과정보연구
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• 제12권
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• pp.161-179
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• 2003

The purpose of this study is to settle local government accounting system. In order to achieve this object. First, accural accounting should be closely connected with budgetary accounting. Second, a computerized program for double entry book-keeping system must be developed primarily. Finally, the improvement of local government accounting system should be oriented enhancing efficiency and public accountability.

• 한국중재학회지:중재연구
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• 제29권2호
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• pp.3-34
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• 2019

The resumption of economic cooperation between South and the North Korea will be a new growth engine for our economy. Many Korean companies are preparing to invest in North Korea in accordance with the progress of inter-Korean relations. However, there are many risks inherent in inter-Korean economic cooperation, as experienced in previous cases. Specifically, one should be prepared for unfair measures such as the expropriation of investment assets of South Korean enterprises by North Korea authorities. Therefore, it is essential to review the protection measures of investment in North Korea and to review the investment dispute settlement system. The South and the North have an agreement to establish the inter-Korean Commercial Arbitration Committee to resolve the disputes that may arise if one party's investments are lost due to inappropriate or unfair measures due to the other party's authority. However, the Investment Agreement, which governs the Inter-Korean Commercial Arbitration Committee, contains a number of declarative statements that are somewhat ineffective. Even today, nearly 20 years after the adoption of the Agreement, the specific detailed procedures have shown no real progress, such as in the enactment of arbitration rules. Therefore, at present, it is difficult to expect a system that can effectively address the damage of our corporations which have invested in North Korea. When the assets freeze after the suspension of Kumgang tourism and the closure of the Kaeseung Industrial Complex by North Korea, the activation of the inter-Korean Commercial Arbitration Committee is the most important prerequisite for economic cooperation with North Korea. For this purpose, the resolution of disputes through the Inter-Korean Commercial Arbitration Committee has to be made more concrete, with the effectiveness of the dispute settlement system enhanced by means of various efforts.

• 무역학회지
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• 제45권3호
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• pp.147-166
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• 2020

As the volume of trade between Korea and Vietnam increases, the number and amount of commercial disputes between Korean and Vietnamese companies are increasing. In the case of Vietnam, due to differences in the arbitration system and norms due to the socialist state system, foreign companies lack confidence in the settlement of disputes through commercial arbitration in Vietnam. At this point, it is necessary to not only discuss commercial disputes and settlements, but also to closely review and understand Vietnam's commercial dispute settlement system. Therefore, this study examines the current status and characteristics of Vietnam's commercial disputes and analyzes the actual problems of Vietnam Commercial Arbitration System that arise through the arbitral award of the Vietnam International Arbitration Center (VIAC), Vietnam's representative arbitration agency, and precedents on the recognition and enforcement of foreign arbitration awards in Vietnamese courts. In the end, this study seeks to revitalize the Vietnam Commercial Arbitration so that each disputed party may quickly deal with the commercial disputes, and seeks a more smooth solution through commercial arbitration in future trade claims between Korean and Vietnamese companies.

• 무역상무연구
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• 제60권
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• pp.141-175
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• 2013

The purpose of this study aims to the implications by the introduction of TSU/BPO system as a instrument of trade settlement. Jointly with financial messaging provider SWIFT, the ICC Banking Commission has developed the URBPO to take into account the legitimate expectations of all relevant sectors. Once the goods have been shipped, the seller's bank uploads the shipping and logistics data to the TSU to be checked against the baseline. URBPO is the first ever set of standards in supply chain finance that governs BPO transactions worldwide. BPO enables banks to reduce the risks associated with international trade to the benefit of both buyers and sellers. A BPO is an irrevocable undertaking given by an Obliger Bank to a Recipient Bank to pay a specified amount under the condition of a successful electronic matching of data or acceptance of mismatches. The BPO should be viewed as an exercise in collaboration between trading partners and their banks. Drawings upon global standards and incorporating the benefits offered by letters of credit, the new instrument has the potential to benefit all parties in a trade transaction-and bring trade settlement into the 21st century.