The bank settlement fee in the foreign trade business and the share of the cost of goods have always been a concern of the industry. However, some people say that if you are doing a foreign trade business, you will have a big deal. However, most of the coastal export-oriented enterprises are labor-intensive industries with high risks, high costs, and low profits. Every dollar must be carefully calculated and used on the cutting edge. The bank's foreign exchange settlement costs are no exception. At the same time, we can't cut corners and reduce the role of banks in safe and fast collection of foreign exchange, resulting in losses.

As we all know, the same service varieties, foreign banks generally have higher rates than Chinese banks. For example, the telegraph fee is generally RMB 120 for each Chinese newspaper, and the foreign bank is more than RMB 200. However, foreign banks also have their comparative advantages, such as better service soft environment, global settlement network, foreign branches and agencies. Some Chinese banks in the Mainland, mostly in the international settlement business, started in the late 1990s and early 2000s. There is a shortage of talents, and foreign branches and correspondent banks are still under construction. Therefore, there is a gap in the quality, speed, and information of the collection.

Take SWIFT as an example. If there is a reimbursing bank, the negotiating bank's export settlement will generally be able to collect the foreign exchange on the same day. That is to say, the negotiating date will be able to enter the seller's account. However, if the collection route is twisted and twisted, not only will the collection time be long, but it will be reversed by a number of agent banks. Each agent will go through the plucking of the geese, the cost will be calculated, and the cost will be invisible. The interest loss caused by the long time of collecting foreign exchange is not counted. When the customer came to settle the exchange, I found out: "How is the cost so high?" The answer is that it is the deduction of the bank's deduction. The bank only charges a fee and postage. The first-time entrants do not understand the relationship.

In the past, the foreign exchange settlement of provincial and municipal foreign trade companies was mostly operated by documentary financial personnel who were familiar with the business. They were familiar with the route of credit and the remittance route under the remittance, and the general problem was not serious. However, most private enterprises are now involved in the field of foreign trade settlement, so they are blind to the high fees of some banks, thinking that the foreign exchange settlement costs should have been so high.

I chatted with a business-funding friend. He said that the business under the letter of credit was in short supply. I am very surprised that the export business under the letter of credit can be calculated for all expenses. The collection of foreign exchange should be *strong, how can it be lost? I asked you probably because the cost accounting is not refined? He said: "The documents do not match, the other party refused to pay", and then added: "In fact, the customer has already taken the goods away and sold them. However, come to us, but also refuse to pay!" Can not help but be surprised, said: "Since the customer has already taken the goods away, then, how did he get the bill of lading?" If the issuing bank refuses to pay, it is reasonable to say that the bill of lading should still be in the issuing bank, that is, The goods are still at the dock. According to international practice, as long as the importer picks up the goods and the shipping company issues a written certificate, it is deemed that they have accepted the set of documents without having to deal with any “documents that do not match”. In other words, the other party should pay.

I asked by the way: "Which bank did you pay the bill to?" He reported the name of a foreign bank. This matter can also explain a problem. Some bank staff do not understand international conventions thoroughly enough. On the other hand, it should also be noted that some domestic banks, as long-term foreign trade professional banks, have many foreign branches and correspondent banks, and have long been familiar with a series of international rules on foreign exchange settlement. If our foreign trade enterprises can still use them to continue their international business today, with their talents and accumulated experience, they should take fewer detours. Secondly, it is more convenient to continue to package loans and bills.

In addition to picking the right bank at the time of settlement, there is also a key step in the choice of foreign exchange settlement methods and varieties. Now, although the varieties of international settlement continue to innovate, the main types are remittances, letters of credit, collections, and bank guarantees. Among them, the settlement fee is higher by letter of credit, therefore, the risk borne by the bank is larger, and the exporter’s collection of foreign exchange is more secure; the bank charge of the collection and settlement method is cheaper, which means that compared with the settlement method of the letter of credit Of course, the method of remittance and remittance is relatively simple, the bank bears less risk and the natural cost is lower. Therefore, in the latter two ways of settlement, both buyers and sellers must bear more risk of foreign exchange settlement.

However, we can also adopt some flexible methods to deal with the above various international settlement methods, apply some basic features of international practice, and remedy the shortcomings of the above settlement methods, with less payment, but also get the same security payment. Exchange protection.

For example, a transaction uses two different settlement methods at the same time, that is, a part of the amount is used for settlement of the letter of credit; another part of the amount is used for collection and settlement. For example, if there is a value of 100,000 US dollars worth of imported goods, part of the payment (such as 60%) is opened by the importer, and the remaining amount (the remaining 40%) is issued by the exporter after the goods are shipped, together with the letter of credit. The shipping documents are entrusted to the negotiating bank, and the issuing bank collects the remaining payment from the importer through the collection and settlement method.

The practice is to open two drafts for the payment under the letter of credit and the payment under the collection. The full set of documents is attached to the draft under the letter of credit, and the payment under the collection is opened separately. ticket. For the purpose of safe collection of foreign exchange, the exporter may require the importer to stipulate in the terms of the letter of credit that the issuing bank must pay the receipt of the collected light ticket before it can be delivered. With this kind of settlement method, the importer pays the ticket of the light ticket or not, which becomes the precondition for the delivery of the bill. In doing so, it is beneficial to both buyers and sellers, the exporter’s collection of foreign exchange is guaranteed, and the costs of both parties can be saved.

There is also a way to collect foreign exchange safely and save money, that is, remittance and collection. For example, if a shipment of $100,000 is to be exported, the seller may first collect a portion of the deposit from the buyer and remit it in T/T (eg, 30% of the purchase price). After the goods are loaded, the full set of documents (including the bill of lading) will be taken to the bank for collection, and the importer will be required to pay the remaining 70% of the purchase price in order to obtain the complete set of documents representing the goods. In this way, if the importer does not come to redeem the order, the exporter already has 40% of the advance payment in hand, and the goods can be resold to others or shipped back. The risk is relatively small, and the settlement method is improved. The more unfavorable characteristics of exporters.

Microfiber Gym Towel

Microfiber Gym Towel,Microfiber Towel,Microfiber Fitness Towel,Microfiber Exercise Towel

suzhou bangneng textile co.,ltd , https://www.bangnengtowel.com