Operating Procedures Manual
Section 2.7. Accounts Payable
2.7.4. Bank Drafts In Foreign Currency
Accounts Payable processes foreign currency bank drafts when vendors require payment in foreign currency.
If a payment is needed in foreign currency, a week prior to the date the check is needed, initiate a purchase order or check request with supporting documentation (invoice, registration forms), indicating payment in foreign currency.
Accounts Payable will request the foreign draft from the bank. There may be a small charge to the index referenced on the purchase order/check request for this service.