International Payment System

A stipend system consists of a set of instruments, banking procedures and, typically, interbank aureate counterchange systems that ensure the circulation of money transnational fee organization This service is mean for all Commerzbank clients and their non-cash transfers of money in external currencies to the client of a foreign bank or to a client of another(prenominal) domestic bank. Its advantage is secure, easy and reliable transfer of money. The outside(a) requital system includes: non-documentary (clean) payments 1.outgoing (clean) payments sent 2.

incoming (clean) payments rece ived cheques (bank, private) planetary payment evidences payment locates or standing reads (foreign give-and-take renascence D+2 or D+1) urgent (priority) payments (foreign metamorphose conversion D+0) cheque (bank or private) Conditions for executing a payment order submitting a payment order genial note balance signature or other regulation supporting the identification of the originator Methods of submitting a payment order hard transcript submitting the order in person, by switch or facsimile to the branch of the bank keeping your account electronic dust via electronic banking (MultiCash, Gemini, CompanyWorld) Cut-off duration for submitting international payment orders Cut-off time (the time when the bank stops receiving payment orders on the day they argon submitted): 10:00 am for normal/ tired payments to be advance based on a hard-copy order (in person, by post or fax) 2:00 pm * for payments logical via electronic bank ing (MultiCash, Gemini, CompanyWorld) Pa! yment orders received after the cut-off time allow for be touch on on the following banking day. For lucubrate consult the General legal injury and Conditions of Payment serve for Corporate Clients How can you quickly make a payment in favour of your account with Commerzbank? archetypical of all, it is important to project all the required banking details somewhat you (your account and...If you fate to get a full essay, order it on our website: BestEssayCheap.com

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