barter settlement definition

in the form of transactions for the trading of goods each year under the agreement ending currency or other means of settlement.

barter trade of

There are a variety of ways, specific operating methods varies, can be processed according to the realities of trade respectively. In the practice of barter trade through special accounts in large proportion.

barter trade points of the special accounts

1, required for foreign trade authorities agreed to barter trade approvals and applications for customers; audits on barter trade contracts, contracts should cover all accounts using the scope, duration, balance of interest, and provide treatment; according to some consulted the foreign banks and confirmed to customers after the establishment of special accounts for barter trade.

2, barter special account used only to the extent stipulated in the contract of settlement of transaction cost and its subordinate, General conditions of delivery of goods under barter contracts, payment methods and provisions specify business process documents accordingly.