settlement for account

基本解释

According to the statistic of the ICC, the international trades that take L/C as their settlement account for 70% of all the trade.
据国际商会统计，采用信用证结算方式的贸易，占日常世界贸易的70％以上。
Before that, the corporation should first open a basic deposit account or a general deposit account ("settlement account" for short) for the accounting of normal economic activity.
噢…，首先，你们公司要与我行签订单“单位协定存款合同”，然后我行为你在结算账户之上开立协定存款账户。
Individuals and foreign nationals in China shall not open exchange account for settlement in general case.
个人及来华人员一般不允许开立用于结算的外汇帐户。

This is a big failing, because clearing and settlement account for 80% of the cost of European cross-border share trading.
ECONOMIST: The jilted exchange