1. After the export goods are loaded, the import and export company shall correctly prepare documents (such as packing list, invoice, bill of lading, export certificate of origin and export settlement) according to the provisions of the letter of credit, and submit them to the bank for negotiation and settlement within the validity period of the documents presented in the letter of credit.

In addition to the settlement of foreign exchange by letter of credit, other payment remittance methods generally include remittance and collection, among which remittance includes telegraphic transfer (T/T), sight draft (D/D) and remittance (M/T). Due to the rapid development of electronicization, remittance is mainly carried out by telegraphic transfer.

2. Settlement of foreign exchange is the abbreviation of exchange settlement (foreign exchange settlement), which is divided into two situations: individual settlement and enterprise settlement. It must be handled in a bank or online bank. At present, many banks in China can handle it.