The debit card is issued to a foreign country, and the account is my own. I ask the foreign country to pay it to my account. If the debit card is issued to me from abroad and the account is from abroad, I am required to pay foreign customers. Compared with me, the borrower from abroad is my lender.

The IOU I gave to others means that you will receive money, and the IOU given to me means that I will pay.

If I give someone a credit, it means I will pay. If someone gives me a credit, it means you will collect money.

Extended data:

There are three ways of international settlement, namely, letter of credit, collection and remittance.

1, letter of credit

A letter of credit is a written document issued by a bank according to the instructions and requirements of its customers. It is divided into irrevocable documentary credit and revocable documentary credit. UCP600 stipulates that banks cannot open revocable letters of credit. Letter of credit business involves six parties: applicant, issuing bank, advising bank, beneficiary, negotiating bank and paying bank.

2. Collectibles

Collection refers to the settlement method that the exporter issues a bill of exchange together with the freight documents and entrusts the bank at the place of export to collect money from the import enterprise through the collecting bank at the place of import. Collection, also known as single collection, can be divided into D/P and D/A according to different presentation conditions.

Step 3 remit money

Remittance refers to the settlement method that the payer pays the money to the payee through the bank according to the agreed time and conditions. Remittances are divided into letter transfer, wire transfer and draft.

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Baidu encyclopedia-accounts receivable

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