Collection and settlement of foreign exchange

Collection and settlement of foreign exchange is a process involving foreign trade collection and foreign exchange exchange.Generally speaking, foreign exchange collection is foreign trade collection, that is, collection of foreign currency payment for goods.Foreign exchange settlement is to sell the foreign exchange received to the bank and then convert it into the currency you need, such as RMB.

In China, all foreign exchange received must be compulsorily settled into Renminbi.When foreign exchange is needed, it can be purchased from the bank.Foreign exchange settlement is the abbreviation of foreign exchange exchange, which can be divided into individual foreign exchange settlement and company foreign exchange settlement, and must be handled in banks or online banks.

In the process of foreign exchange collection and settlement, it is generally necessary to prepare materials such as foreign-related income declaration forms, information declaration forms for verification and cancellation of export proceeds in foreign exchange, and instructions for export proceeds in foreign exchange, and affix official seals.In addition, the electronic port operation certificate is also indispensable.After completing the steps of inquiring the amount of the account and inquiring whether the general trade quota of the electronic port is sufficient, they can issue receipts, export collection instructions and operation cards to the counter personnel to withdraw money.Finally, if the customs declaration form and information declaration form of the special account for verification and cancellation of export proceeds in foreign exchange are handed over to the personnel of the special counter, they shall be returned to the declaration subject for retention.

The above information is for reference only, if necessary, please call our professional financial staff.