SREDSTVA SIGURNOSTI U MEĐUNARODNIM PLAĆANJIMA/MEANS OF SECURITY IN INTERNATIONAL PAYMENTS

Abstract

Based on the above, it can be clearly stated that in the last few years, since the beginning of 2009, there has been a rapid progress in the field of economic integration both within the EU and within the framework of the EU's external relations with other countries. In such a sphere, it is undoubted that the participants in such relationships are increasingly using different payment instruments. In the Republic of Serbia, most commonly used for these jobs is the currency EUR-, according to some USD, and letters of credit are issued in the amount of 20,000 to 80,000,000 EU. That is why large companies have seen the great advantage and relief offered by various payment and collateral. Business banks expect an increase in requirements and the realization of these contracts in the near future, but also their expectations are that smaller companies will resort to their business for some Increased number of credentials as payment instruments also contributed to the recent thawing of trade relations between Rep.Serbia and EU countries. Therefore, commercial banks play a very important role here in providing expert assistance to their clients, as well as providing all necessary instructions to allow for easier and faster exchange of services in foreign trade. That is why perfecting the existing ones and finding new payment instruments in the payment system is certainly an initiative of modern banking with constant technical and technological innovations. Well organized foreign payment system is important not only for its participants but also for the economies of the countries that are involved in it.