What do you know about international check clearing and foreign currency exchange services? Is there anything on the AP Network website that can help me understand this?

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Are you looking for the time it takes for checks to clear? Float times? Currency exchange timing? What region or regions are you concerned with? Keep in mind that in Europe, most (above 90%) business payments are made electronically, not with checks.

If you have a specific question or questions, one of our experts with a good bit of international experience can address it. In the meantime, here are a few resources you might find helpful.

On The AP Network:

Foreign Currency Exchange Calculator
• Case Study: Making Strategic Payments in Three Currencies

Also of possible interest:

SEPA Knocks Down Payment Borders
International ACH Transactions

With regard to GAAP, see FAS 52.

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