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Foreign exchange income convention
1. For the foreign exchange income of domestic institutions with an equivalent value of less than USD 50,000 (including USD 50,000), the bank may settle the foreign exchange or enter it into the account first, and indicate the corresponding verification document number in the special copy for verification of export proceeds in the settlement memo or collection notice. 2. The foreign exchange income of domestic institutions with an equivalent value of more than 50,000 US dollars shall be settled or accounted for according to the following provisions, and the corresponding verification slip number shall be indicated on the settlement memo or collection notice. (1) For the trade export proceeds settled by documentary letter of credit, letter of guarantee or documentary collection, the bank shall settle the foreign exchange or enter it into the account on the basis of the valid commercial documents stipulated in the above-mentioned settlement methods and the number of the export proceeds verification form provided by the exporting unit corresponding to the export business. (2) For the foreign exchange receipts of trade exports with a value of more than US$ 50,000, which are recognized by the foreign exchange bureau as "trustworthy enterprises for settlement of foreign exchange" and settled by remittance, the bank may first settle the foreign exchange or account for it, and then check it against the original verification form of export receipts stamped with the customs seal provided by the foreign exchange receiving unit. The bank shall, within 3 working days from the date of settlement or entry, notify the foreign exchange receiving unit to go through the relevant verification procedures at the bank. The foreign exchange receiving unit shall, within 30 working days from the date of settlement or entry, go to the bank to handle the relevant verification procedures with the foreign exchange receipt certificate and the original export verification form stamped with the customs seal. (3) The foreign exchange collected by non-settlement trust enterprises in the form of remittance with the equivalent value of more than US$ 50,000 shall be settled or recorded on the basis of the original export verification form stamped with the customs inspection stamp. (4) The settlement or entry of advance receipts under export shall be handled by the bank on the basis of the original verification form of export receipts and the export contract filed by the foreign exchange bureau and stamped with the seal of "advance receipts". 3. Banks can handle the settlement or collection of foreign exchange income below $20,000 (including $20,000) under other current accounts such as non-trade and unilateral transfer by domestic institutions. 4. If the foreign exchange income of domestic institutions under other current accounts, such as non-trade and unilateral transfer, with an equivalent value of more than $20,000, is more than $20,000 and less than $50,000 (including $50,000), the bank shall handle the settlement of foreign exchange or account for it with the original contract (agreement), invoice and other documents provided by the foreign exchange receiving unit; If the amount exceeds the equivalent of US$ 50,000, the foreign exchange receiving unit shall apply to the foreign exchange bureau with contracts (agreements), invoices and other documents, and the foreign exchange bureau shall review the authenticity. After the approval of the foreign exchange bureau, the bank shall go through the formalities of settlement or entry for the foreign exchange receiving unit. 5. For inward remittance that has been settled first or checked after entry into the account, the bank shall not issue a settlement bill or a receipt notice after settlement or entry into the account, but it shall register one by one at the time of settlement or entry into the account, and the foreign exchange receiving unit shall provide the corresponding settlement certificate and the original export verification bill stamped with the customs "inspection stamp" within the prescribed time limit, and issue a settlement bill or receipt notice after one-by-one verification. 6. If the foreign exchange income of the current account with an equivalent value of more than $50,000 is not a "trustworthy enterprise for settlement of foreign exchange", and the foreign exchange receiving unit cannot provide the corresponding certificate to the bank or the foreign exchange bureau, the bank will not handle the settlement of foreign exchange, and the original currency will be transferred to the temporary account of the bank. If the foreign exchange income of the current account of the "foreign exchange settlement trustworthy enterprise" with the equivalent value of more than 50,000 US dollars fails to provide the corresponding vouchers to the bank and go through the relevant check procedures within the prescribed time limit afterwards, the bank shall rush back to the original currency at the exchange rate of the day and transfer it to the temporary bank account. 7. If the entrusting party is a domestic institution with foreign exchange reserve rights, the receiving bank can handle the transfer of the original currency with the original agency agreement, export contract and the entrusting party's foreign exchange registration certificate or foreign exchange account use certificate provided by the agent, and indicate the number of the export receipt verification form on the foreign exchange settlement memo or collection notice. 8. If the entrusting party is a domestic institution that is not allowed to keep foreign exchange, its export income shall not be transferred in the original currency without the approval of the foreign exchange bureau, and the receiving bank will transfer RMB to the entrusting party after settlement of foreign exchange according to these measures. For the claims of export credit insurance and other export goods insurance, the bank can settle or enter the accounts with the verification form of export proceeds, and issue the settlement form or collection form with the verification form number.