Specifying services:

This service is designated for clients that reimburse their foreign currency debts or collect their receivables from a domestic or foreign payment.

Foreign Currency Payments
Foreign currency payments permit importers to conduct foreign currency payments to third parties directly from the foreign currency accounts of Citfin - Finanční trhy.

Foreign Currency Collection Agreements
Foreign currency collection agreements allow clients to collect foreign currency payments from third parties through the foreign currency accounts of the Citfin - Finanční trhy.

BENEFITS:

• reduction of fees for foreign currency payments

• increased speed of foreign exchange payments/reimbursements

• more favourable exchange rate on purchase/sale of foreign currencies

• individual and personal approach to your needs
  

• high quality of execution

• ease of submitting payment orders - using Netline

• consultations on the development of exchange rates

Brief procedure of executing reimbursements:

1) Client contacts the trading department, where he/she negotiates the exchange rate by phone.
2) submitting a payment order - by means of an internet communication system
3) sending a reimbursement - prior to sending, the payment instructions are verified and, if necessary, supplemented by an expert so that the maximum speed of reimbursement is achieved.

Brief procedure of executing payments:

• information to your customer - when issuing an invoice, inform the customer about executing a payment using Citfin - Finanční trhy accounts.

• notification of payment - after sending an invoice to your customer, notify Citfin - Finanční trhy about the details of your expected payment

• payment settlement - the day the payment from your customer is recorded on the Citfin - Finanční trhy account, we will promptly inform you of this event and, should you be interested, we will contemporaneously offer you a rate, for which you may purchase the foreign currency from us at the given moment.

Payment documents:

credit agreement.xls

Back to Exchange and foreign payments

This product is provided by Citfin - Finanční trhy, a.s.