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A cross-border trader must know basic international accounting and including accounting for international transactions, translation of income, and financial sheets. You must be able to figure currency exchange exposure into your operating expectations, and you will need to consider specific currency exchange regulations importing and exporting countries. Delays in payment and the security of the method of payment be taken into account. If all of these terms seem incomprehensible, your best course of action is a reliable team of bankers, accountants, and tax experts. See A Short Course in International by World Trade Press in international litigation. terms on international payment and foreign exchange will vary depending on the countries your history with other traders. The contract should be relatively more complex if you you need complete protection. Less complex clauses may be satisfactory if the contract term the currencies involved are stable, and the other trader has proven to be reliable in making buyer and seller should consider the following issues when drafting their contract. Payment method will payment be made? usually be made by a method that is considered secure by the parties. If the buyer has in past transactions, an open account may be satisfactorily secure. If not, then the seller on another method. The four basic methods of payment in international transactions are cash on delivery), documentary letter of credit, documentary collection or draft, account or other terms. chose to offer terms of payment after delivery is made, you must consider the difficulties inherent transactions despite what should be the fast-moving world of international banking. Allowing within 15 or 30 days may be common in domestic transactions, but 45, 60, and even 90 not uncommon when the transaction stretches across borders. When setting the payment method be certain to consider whether the buyer will need to obtain government approvals or will be obtain at minimal cost the payment instrument from a financial institution in the buyer's country. Currency currency will payment be made? is made more complex by the use of different currencies. The relative value of 1 0 CHM Converter Trial version, .html is constantly changing, and some are more volatile than others. There is a risk that a could devalue before a transaction is complete, in which case a seller would receive less expected. There is also the chance that the currency could increase in value, giving extra a seller often prefers payment in the currency of his or her own country, the seller consider which currency is more stable and relatively stronger.