ABOUT THE FINANCIAL AND SUBJECTIVE LEGAL EFFECT OF OPEN ACCOUNT PAYMENT AND TRANSFER IN BANK FOREIGN TRADE TRANSACTIONS

Ignat Papazov

Abstract


The bilateral nature of foreign trade projections implies both mutual trust between the parties and the choice of adequate and feasible interests in their payment and payment form. Its normative complementarity with established domestic and international rules for such calculations reflects on the subjective commercial interest of counterparties and the economic balancing of relations between them while preserving the partnership in perspective. Significant in this sense are bank transfer and payment through an open account. They, at a given moment, are the necessary indications of the intensity of bilateral relations, their formal provision and correct finalization.

Keywords


bank transfer, cross-border partners, open account, share deal, commutation transaction, credit, commercial risk

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References


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