Payment Pricing Currency

Payment Pricing Currency refers to the currency agreed upon by the buyer and seller in an international trade contract for calculating the order amount and making actual payments. It directly determines the currency in which the goods payment is denominated, settled, and paid, and is one of the core clauses of a foreign trade contract. Usage scenarios include: quotations, contract signing, letter of credit issuance, wire transfer payments, etc. Notes: It is necessary to clarify whether this currency is the pricing currency or the settlement currency, as the two may differ; exchange rate fluctuation risks should be considered, and exchange rate locking or the use of hard currency may be agreed upon; it must also comply with the foreign exchange control requirements of both countries. Difference from 'settlement currency': the pricing currency is used to calculate the price, while the settlement currency is used for actual payment; usually the two are the same, but settlement in a third-country currency may also be agreed. It differs from 'bookkeeping currency', which is used only for accounting records and does not involve actual payment.