Input & output payment orders
Fx Transfers
FX transfer is a kind of payment order that according to it a bank issues that to the request of its client ( natural and legal ) payable by one of its correspondent banks in and out of the country and wants to pay its fund to the beneficiary .
Generally , FX transfers are two types .
- A) Out Ward Transfers :
After referring to the FX branches of this bank and requesting for issuing FX transfer and introducing the transfer's currency ( from the FX account , customs declaration, deposit in cash , buying currency based on agreement from free trade zone and … ) ,this bank issues FX transfer payable by internal and external correspondents , by SWIFT and in the shortest time .
It's possible to issue FX transfers in two ways :
- To issue FX transfer payable by the foreign correspondents ( banks ) throughout the world .
- To issue FX transfer payable by all of the internal banks in hard currencies .
- In Ward Transfers :
It's a payment order forwarded to this bank by the correspondents ( internal and external banks ) and after receiving the Swift massage and advising to the related branch in the shortest time it is possible that the client receive the fund.
- At present , FX regulations authorize the beneficiary to keep the transfer's currency in his FX accounts or sell it to the bank at current rate or transfer it to the outside of the country or exchange in other currency or transfers it to his or other person's passport .
- It's possible in the BSI network to receive transfers in hard currencies by SWIFT throughout the world .
- It's possible in IRAN to pay IRR equivalent of hard currencies ( to receive Rial in IRAN ) through the BSI branches out of the country to the clients