The Legal Nature of International Payments

Journal of Banking and Finance Law and Practice, Vol. 18, p. 85, 2007

Journal of International Banking Law and Regulation, p. 318, 2007

31 Pages Posted: 7 Feb 2011 Last revised: 10 Feb 2011

See all articles by Rhys Bollen

Rhys Bollen

Monash University - Faculty of Law

Date Written: January 1, 2007

Abstract

The previous article considered the history of international payments, and their current role and scope. It described a number of common retail, wholesale and institutional payment systems and introduced their legal structure. It went on to examine the inter-bank infrastructure supporting the international payment system. This article examines the legal structure of international payments in some detail. It provides an analysis of international payments from a legal perspective, looking at a number of key issues such as payment finality and revocability. It then looks at the practical implications for common business and consumer international payments.

Suggested Citation

Bollen, Rhys A., The Legal Nature of International Payments (January 1, 2007). Journal of Banking and Finance Law and Practice, Vol. 18, p. 85, 2007, Journal of International Banking Law and Regulation, p. 318, 2007, Available at SSRN: https://ssrn.com/abstract=1756074

Rhys A. Bollen (Contact Author)

Monash University - Faculty of Law ( email )

Wellington Road
Clayton, Victoria 3800
Australia

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