Forgot your password?
Please enter your email & we will send your password to you:
Copyright © International Chamber of Commerce (ICC). All rights reserved.
( Source of the document: ICC Digital Library )
If the seller contracts to receive payment in its own currency, the chain of banks will look very similar, but the two clearing banks and the central bank will be in the seller’s country and the buyer’s bank will convert the currency at the front end (possibly adding a third clearing bank to the chain if the buyer’s bank has no foreign account of its own in the seller’s currency). [Page28:]