Basic information means that the remittance bank should import the corresponding basic information of foreign-related income from the bank's own computer processing system into the online declaration system of balance of payments (bank version) before noon on the second working day (T+ 1) in accordance with the requirements of the data interface specification of the State Administration of Foreign Exchange.

The declaration information refers to the date when the remitting bank/exchange exchange should remit/settle foreign-related income, and notify the reporting unit to declare foreign-related income within five working days (the notification content should include the foreign-related income declaration number automatically generated by its own computer processing system and the date when the payee should complete the foreign-related income declaration).

The International Monetary Fund defines the balance of payments as a statistical statement that systematically records the transactions between economic entities and other parts of the world in a certain period of time. Most transactions are between residents and non-residents.

Extended data:

international balance of payment

An account of a country's net financial transactions with other countries. Usually divided into current account, it includes visible trade (the difference between the export and import of net goods) and intangible trade balance (such as the expenditure and income of shipping, banking and tourism services); Capital account, the inflow and outflow of short-term and long-term capital in this account (such as income from direct investment, securities, real estate, etc. ).

Visible and invisible trade, current account and capital account all have opportunities for surplus (such as exports exceeding imports) or deficit (such as imports exceeding exports), but in principle, there should be no surplus or deficit in the overall balance of payments.

Reference source: Baidu Encyclopedia-Balance of Payments