How deep is the water in agency import and foreign exchange purchase?

Mr. Zhang has been very troubled recently. A batch of precision instruments he imported on behalf of others directly lost 20% of the profit due to exchange rate fluctuations. "Obviously, the goods haven't arrived at the port yet, but the money in the account has shrunk", which made him realize for the first time that: The core competitiveness of agency import has long shifted from source control to foreign exchange game.

Ms. Li's experience is more typical. She exchanged foreign currency through an underground bank to pay for the goods last year, and as a result, her bank account was frozen for three months. "Now, a difference of 1 US dollar between the amount on the customs declaration form and the foreign exchange payment record will trigger risk control", pointed out an NST foreign exchange consultant. Under the current regulatory system, the foreign exchange purchase vouchers must match the trade background 100%. Three common misunderstandings:

• Breaking up the whole into parts using personal quotas
• Fictitious payments under service trade
• Borrowing a third-party offshore account for turnover

Compliant operations actually have rules to follow. Through sorting out more than 200 cases, we found that successful enterprises all follow:

• Time dimension: Lock in the forward exchange rate simultaneously when signing the contract
• Channel dimension: Give priority to using bank derivative tools instead of spot foreign exchange transactions
• Voucher dimension: Build a complete evidence chain with the customs declaration form + VAT invoice

When foreign merchants require advance payment of the deposit:

1. Require the other party to issue an advance payment guarantee
2. Control the deposit amount within 15% of the total contract amount
3. Avoid exchange rate risks through cross-border RMB payment

Cases recently handled by NST show that For importers using cross-border RMB settlement, the capital turnover efficiency has increased by 40%.

With the launch of the "blockchain platform" by the State Administration of Foreign Exchange, the traditional operation space is disappearing. But there are new opportunities hidden in the crisis - The intelligent foreign exchange exchange system can automatically match the best bank quotations, and an importer of auto parts actually saved 2.4% of the exchange cost through testing.

Have you ever stepped into a pit when purchasing foreign exchange? Welcome to share your experience. After all, in this era of US dollar hegemony, Being able to make money is a skill, but being able to keep the money is the real ability.