Description
Sum collectingFee, remittingFee, and intermediaryFees for totalFees, then subtract all fees from collected for netRemitted.
Trade-finance arithmetic combines supplied fees, exchange factors, timing windows, and reporting bases. A local consistency result does not establish document compliance, contract rights, or bank acceptance.
Sum collectingFee, remittingFee, and intermediaryFees for totalFees, then subtract all fees from collected for netRemitted.
When to use this tool
Use Documentary Collection Remittance Net Fee when you need one transparent cross-border cost or timing component.
How to use the tool and how it works
- Enter collected, collectingFee, remittingFee, intermediaryFees. Use the units and conventions below.
- Run the tool. Correct any format, range, or cross-field input error before interpreting the output.
- Read totalFees, netRemitted. Use the output convention below.
Sum collectingFee, remittingFee, and intermediaryFees for totalFees, then subtract all fees from collected for netRemitted.1
| Input field | Meaning and units | Accepted input |
|---|---|---|
| collected | Collected | Required. Finite number; minimum 0. |
| collectingFee | Collecting Fee | Required. Finite number; minimum 0. |
| remittingFee | Remitting Fee | Required. Finite number; minimum 0. |
| intermediaryFees | Intermediary Fees | Required. Array of finite number; maximum items 256. |
| Output field | Interpretation | Returned shape |
|---|---|---|
| totalFees | Total Fees | Required. Finite number. |
| netRemitted | Net Remitted | Required. Finite number. |
{
"input": {
"collected": 10000,
"collectingFee": 30,
"remittingFee": 20,
"intermediaryFees": [
10,
5
]
},
"output": {
"totalFees": 65,
"netRemitted": 9935
}
}Limitations and assumptions
- Use one currency; negative net is retained and no banking schedule or remittance eligibility is inferred.
- Inputs must satisfy both the field types and the cross-field conditions above. Invalid input causes an error; a successful false flag or documented placeholder is a different result.
- Numeric calculations use binary floating point unless exact decimal-integer arithmetic is explicitly stated. No hidden measurement tolerance or decimal rounding is added; nonfinite or out-of-contract results are rejected. Numeric signed-zero results are exported as zero.
Alternative or Complementary methods
Review the complete transaction, contract, bank terms, and applicable accounting policies before acting on a partial calculation.
References
Similar or alternative tools
- Export Payment Fx Fee Net Term
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- Trade Finance Document Discrepancy Fee Term
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