How do two foreign exchange traders conduct physical transactions in the London foreign exchange market?

Two foreign exchange traders conduct physical transactions in the London foreign exchange market, as follows:

1. Determine the type and quantity of transaction currency: both parties need to negotiate to determine the type and quantity of transaction currency, as well as transaction details such as transaction price and delivery time.

2. Signing a transaction contract: Both parties need to sign a formal transaction contract, specifying the terms and details of the transaction, including currency and quantity, price, delivery time and delivery method.

3. Payment of deposit: During the transaction, both parties need to pay a certain amount of deposit as a security deposit for the transaction to ensure the security and reliability of the transaction.

Both the export declaration form and the verification form came, but the bank's payment for foreign exchange did not come, and there was no export verification.

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