Refers to the individual or enterprise in accordance with the current sale of the settlement of the behavior, the popular interpretation is to become.
Foreign exchange settlement methods include remittance, collection, letter of credit and others.
Foreign exchange settlement corresponds to foreign exchange sale, which refers to the act of selling foreign exchange to individuals or enterprises. The settlement and sale of foreign exchange are generally carried out in banking institutions (which requires a large number of banking institutions), but not all bank branches can carry out.
1. Purchase of foreign exchange is to buy foreign currency, settlement of foreign exchange is to buy foreign currency and foreign currency;
2. Foreign exchange purchase is mostly used by individuals, while foreign exchange settlement mostly occurs in enterprises;
3. The purchase of foreign exchange is usually applied to the bank for foreign exchange purchase when traveling or studying abroad, while the settlement of foreign exchange is the behavior of the buyer and seller to settle the payment through the bank after the import and export transaction.
4. To apply for foreign exchange purchase, you only need to orally declare the purpose of foreign exchange purchase, and you can go to the bank with your identity certificate to handle it. After the import and export trade, the enterprise is required to make out all kinds of documents correctly in accordance with the provisions of the letter of credit, and submit them to the bank for negotiation and settlement of foreign exchange within the specified period of validity.
5. For individuals, no matter the purchase or settlement of foreign exchange, each person has a quota of 50,000 yuan per year. If the quota is exceeded, relevant proof materials are required.
