Financing and the Trust Fund
A purchase has to be paid for before it is delivered, which raises three questions the manual answers separately. Three pieces on the instruments a partner can pay with, the credit the United States will and will not extend, and the account the money sits in between payment and delivery.
Three pieces in this topic
Paying with a bank letter of credit
An instrument that changes who sends the money, and not one dollar of what is owed.
02Foreign military sales credit and who may receive it
One authority lends to the buyer, another protects the lender, and a published list closes both.
03The trust fund, and getting money back out of it
Paid in advance, held in one account, and released only against cash that is genuinely free.
Key terms in this topic
National fundsBank letter of creditReplenishmentDemand for paymentRestricted sourceCreditGuarantyStandards and criteriaStatutory barOffshore procurement waiverTrust fundHolding accountAvailable cashExpenditure authorityBilateral operating procedures
Other topics in buying and selling
- Foreign Military Sales 5 pieces
- Letters of Request 3 pieces
- Eligibility and Scope of Sale 3 pieces
- Pricing, Payment and Billing 3 pieces
- Case Changes and Reviews 3 pieces
- Case Closure 2 pieces
- Writing the Agreement 3 pieces
- Multinational Sales 3 pieces
- Case Development Controls 3 pieces
- Before the Case Is Written 3 pieces
- Line Level Financial Review 3 pieces
- Contracting for a Case 3 pieces
- Cooperative Programs and Contributions 3 pieces
- Pricing Services and Support 3 pieces
- Procurement Pricing and Waivers 2 pieces
- Billing and Cost Recovery 3 pieces
- Standby Letters of Credit 3 pieces
- Executing and Reconciling a Case 3 pieces
- Problems, Reductions and Closure 3 pieces
- Leases and Other Sales 3 pieces
- Preparing the Offer 4 pieces
- Pricing Articles and Offers 5 pieces
- Paying for a Case 5 pieces
- Sole Source, Changes and Secrecy 4 pieces
- Assistance Procurement and Claims 3 pieces
- Buy American for Supplies 4 pieces
- Construction and Overseas Content 3 pieces
- Specialty Metals and Covered Materials 4 pieces
- Domestic Source Restrictions 4 pieces