If you are exporting, we can process quickly and efficiently any sterling or foreign currency payments you may receive from overseas customers.
Carrying out business transactions in a foreign currency will have an effect on your normal accountancy procedures since you'll need to convert foreign currency payments and deposits into sterling.
Open a foreign currency account to make and receive foreign currency payments.
In a swap agreement, companies agree to exchange interest payments or currency payments.
Beginning in 1991, Moscow threatens hard currency payments from Lithuania for much commercial trade.
This appointment proved disastrous as established customers were cut off from buying Smirnoff unless they made illegal hard currency payments to Spiros's company.
He then collects the hard currency payments.
The Gillette Company, for example, has tentatively agreed to build a razor blade factory in the Soviet Union but is demanding hard currency payment.
This should include what currency payment will be made in, how much will be paid, when payment is due and what payment method will be used.
On the tendering procedures, there are several things stated within the report and in my opinion, especially on quality control of tendering procedures and the hard currency payments.