Currency transfer HomeA process that affects the correct planning of the process within the Methods of Payment in Foreign Trade Title. Payment method; the time of collection is evaluated with the risk, bank steps and necessary documents undertaken by the parties. A single method may not be suitable for each country, customer and contract. Monitor the currency, sender/aller information, bank costs, transaction reference and exchange effect with cash plan; match the bank receipt with invoice and cari account.
Sample scenario
Imagine that a business does this process for the first time. The business confirms the scope with the opposite side written; the information and evidence required are collected in the process file; gives the task of checking to the responsible person, and ultimately compares it with the planned output. Saves the reason and correction step if there is a difference.
Control points
- Match the information between document and payment records with order/exclusion.
- Make the difference in the conditions of the party, product, quantity, currency and delivery/deparation before shipment.
- Keep the confirmations made by responsible person, carrier, bank and customer with date and reference.
Sample application
For example, when a business has prepared a transaction titled “Development transfer”, it first takes the purpose of processing and evidence of the hand. Then the related teams compare data, confirms missing information from the source and the approved version holds in the transaction file. When the procedure is completed, it compares and saves the difference and follow-up action.
Discussion question: What information difference in your transactions leads to additional confirmation or re-document editing?
This sharing is for general information and professional discussion. Up-to-date legislation, contract and product/procession properties should also be evaluated.
Current source: T.C. Ministry of Commerce — Import and export questions-cevaps