Use this guide before requesting a proposal: it helps gather comparable source data and identify constraints early.
What to prepare
- 01
Match the parties’ full legal names, registration data and bank details to the contract.
- 02
Confirm the currency, schedule, advance, final payment and documents evidencing each stage.
- 03
Provide the contract and payment structure to the servicing bank in advance to review the available route.
- 04
Check the payment purpose and the contract, invoice and specification numbers and dates.
- 05
Record the procedure for a return, delay or request for additional documents by participating banks.
- 06
Before payment, reconfirm the bank details through an agreed secure channel with an authorised representative.
Common mistakes
- Changing the beneficiary without documentary grounds and authority checks.
- Promising a payment completion date without confirmation from the banks in the route.
- Paying details received through an unverified email or messenger account.
Official sources
International Settlements Department · Bank of Russia ↗The exact review and work scope is defined after examining the specific task and documents.