This is the latest document of the foreign exchange bureau. This paper mainly discusses the collection and payment business of entrepot trade under the item of "receiving first and paying later". The basic process is as follows:

1, the entrepot dealer (your company) must enter the export account to be written off after receiving the export payment (that is, the income comes first) and cannot directly settle foreign exchange;

2. The income must be used for external payment under the corresponding entrepot trade contract (that is, after expenditure), and the balance of income and expenditure (your company's profit) can be settled or transferred to the general current account;

3. When handling the settlement or transfer of international payments, the corresponding export contract, import contract and foreign exchange receipts and payments certificate of entrepot trade shall be submitted to the bank.

3. If the balance of payments exceeds 20% of the external payment amount of the export contract, it shall apply to the local foreign exchange bureau for approval, and the bank shall handle it with the approval documents.