{"id":2466,"date":"2018-04-10T12:54:11","date_gmt":"2018-04-10T20:54:11","guid":{"rendered":"http:\/\/trainingpips.com\/?page_id=2466"},"modified":"2018-04-10T13:35:35","modified_gmt":"2018-04-10T21:35:35","slug":"ps-103-sbp-7-0-exchange-work-received","status":"publish","type":"page","link":"https:\/\/www.trainingpips.com\/index.php\/ps-103-a-course-outline\/ps-103-sbp-7-0-exchange-work-received\/","title":{"rendered":"PS 103 &#8211; SBP 7.0 &#8211; Exchange Work &#8211; Received"},"content":{"rendered":"<table border=\"0\" cellspacing=\"1\" cellpadding=\"3\">\n<tbody>\n<tr>\n<td style=\"text-align: left;\" valign=\"top\"><span style=\"color: #000000;\"><strong>7.0<\/strong><\/span><\/td>\n<td style=\"text-align: left;\" colspan=\"3\" valign=\"top\"><span style=\"color: #000000;\"><strong>Exchange Work &#x2013; Received<\/strong><\/span><\/td>\n<\/tr>\n<tr>\n<td valign=\"top\"><span style=\"color: #000000;\">&#xA0;<\/span><\/td>\n<td valign=\"top\">\n<p style=\"text-align: left;\"><span style=\"color: #000000;\"><strong>7.1<\/strong><\/span><\/p>\n<\/td>\n<td colspan=\"2\" valign=\"top\">\n<p style=\"text-align: left;\"><span id=\"_spanQT7743236437\" style=\"color: #000000;\">Specific written permission from a forwarding <a class=\"glossaryLink\" aria-describedby=\"tt\" data-cmtooltip=\"cmtt_3f71d5a60f66be17e023315ea2837fc0\" href=\"https:\/\/www.trainingpips.com\/index.php\/glossary\/agent\/\" data-mobile-support=\"0\" data-gt-translate-attributes='[{\"attribute\":\"data-cmtooltip\", \"format\":\"html\"}]' tabindex=\"0\" role=\"link\">agent<\/a> is required before contact is made with that <a class=\"glossaryLink\" aria-describedby=\"tt\" data-cmtooltip=\"cmtt_3f71d5a60f66be17e023315ea2837fc0\" href=\"https:\/\/www.trainingpips.com\/index.php\/glossary\/agent\/\" data-mobile-support=\"0\" data-gt-translate-attributes='[{\"attribute\":\"data-cmtooltip\", \"format\":\"html\"}]' tabindex=\"0\" role=\"link\">agent<\/a>&#x2019;s client.<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td valign=\"top\"><span style=\"color: #000000;\">&#xA0;<\/span><\/td>\n<td valign=\"top\">\n<p style=\"text-align: left;\"><span style=\"color: #000000;\"><strong>7.2<\/strong><\/span><\/p>\n<\/td>\n<td colspan=\"2\" valign=\"top\">\n<p style=\"text-align: left;\"><span style=\"color: #000000;\"><span id=\"_spanQT3094438086\">Specific written permission is re<\/span><span id=\"_spanQT3094438086\">quired before a fee is quoted to a forwarding <a class=\"glossaryLink\" aria-describedby=\"tt\" data-cmtooltip=\"cmtt_3f71d5a60f66be17e023315ea2837fc0\" href=\"https:\/\/www.trainingpips.com\/index.php\/glossary\/agent\/\" data-mobile-support=\"0\" data-gt-translate-attributes='[{\"attribute\":\"data-cmtooltip\", \"format\":\"html\"}]' tabindex=\"0\" role=\"link\">agent<\/a>&#x2019;s client unless the client has initiated the contact and asked for a quote.<\/span><\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td valign=\"top\"><span style=\"color: #000000;\">&#xA0;<\/span><\/td>\n<td valign=\"top\">\n<p style=\"text-align: left;\"><span style=\"color: #000000;\"><strong>7.3<\/strong><\/span><\/p>\n<\/td>\n<td colspan=\"2\" valign=\"top\">\n<p style=\"text-align: left;\"><span style=\"color: #000000;\"><span id=\"_spanQT8874708170\">Documents are served in accordan<\/span><span id=\"_spanQT8874708170\">ce with the laws of the originating <a class=\"glossaryLink\" aria-describedby=\"tt\" data-cmtooltip=\"cmtt_5086e959c24a45b2dbd075e9518cc38e\" href=\"https:\/\/www.trainingpips.com\/index.php\/glossary\/jurisdiction\/\" data-mobile-support=\"0\" data-gt-translate-attributes='[{\"attribute\":\"data-cmtooltip\", \"format\":\"html\"}]' tabindex=\"0\" role=\"link\">jurisdiction<\/a> or in accordance with instructions from the forwarding <a class=\"glossaryLink\" aria-describedby=\"tt\" data-cmtooltip=\"cmtt_3f71d5a60f66be17e023315ea2837fc0\" href=\"https:\/\/www.trainingpips.com\/index.php\/glossary\/agent\/\" data-mobile-support=\"0\" data-gt-translate-attributes='[{\"attribute\":\"data-cmtooltip\", \"format\":\"html\"}]' tabindex=\"0\" role=\"link\">agent<\/a>.<\/span><\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td valign=\"top\"><span style=\"color: #000000;\">&#xA0;<\/span><\/td>\n<td valign=\"top\">\n<p style=\"text-align: left;\"><span style=\"color: #000000;\"><strong>7.4<\/strong><\/span><\/p>\n<\/td>\n<td colspan=\"2\" valign=\"top\">\n<p style=\"text-align: left;\"><span style=\"color: #000000;\"><span id=\"_spanQT6563973448\">When provided, proofs supplied by<\/span><span id=\"_spanQT6563973448\"> the forwarding <a class=\"glossaryLink\" aria-describedby=\"tt\" data-cmtooltip=\"cmtt_3f71d5a60f66be17e023315ea2837fc0\" href=\"https:\/\/www.trainingpips.com\/index.php\/glossary\/agent\/\" data-mobile-support=\"0\" data-gt-translate-attributes='[{\"attribute\":\"data-cmtooltip\", \"format\":\"html\"}]' tabindex=\"0\" role=\"link\">agent<\/a> are used.<\/span><\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td valign=\"top\"><span style=\"color: #000000;\">&#xA0;<\/span><\/td>\n<td valign=\"top\">\n<p style=\"text-align: left;\"><span style=\"color: #000000;\"><strong>7.5<\/strong><\/span><\/p>\n<\/td>\n<td colspan=\"2\" valign=\"top\">\n<p style=\"text-align: left;\"><span style=\"color: #000000;\"><span id=\"_spanQT5408606087\">Proofs are not withheld awaiting payment unless other arra<\/span><span id=\"_spanQT5408606087\">ngements are made in <a class=\"glossaryLink\" aria-describedby=\"tt\" data-cmtooltip=\"cmtt_99ec39aefda7fc29f8f2cefd21995b98\" href=\"https:\/\/www.trainingpips.com\/index.php\/glossary\/advance\/\" data-mobile-support=\"0\" data-gt-translate-attributes='[{\"attribute\":\"data-cmtooltip\", \"format\":\"html\"}]' tabindex=\"0\" role=\"link\">advance<\/a>.<\/span><\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td valign=\"top\"><span style=\"color: #000000;\">&#xA0;<\/span><\/td>\n<td valign=\"top\">\n<p style=\"text-align: left;\"><span style=\"color: #000000;\"><strong>7.6<\/strong><\/span><\/p>\n<\/td>\n<td colspan=\"2\" valign=\"top\">\n<p style=\"text-align: left;\"><span style=\"color: #000000;\">Service assignments are considered accepted when:<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td valign=\"top\"><span style=\"color: #000000;\">&#xA0;<\/span><\/td>\n<td valign=\"top\"><span style=\"color: #000000;\">&#xA0;<\/span><\/td>\n<td valign=\"top\" width=\"15\"><span style=\"color: #000000;\"><strong>A.<\/strong><\/span><\/td>\n<td style=\"text-align: left;\" valign=\"top\"><span style=\"color: #000000;\">Acceptance is communicated to the forwarding <a class=\"glossaryLink\" aria-describedby=\"tt\" data-cmtooltip=\"cmtt_3f71d5a60f66be17e023315ea2837fc0\" href=\"https:\/\/www.trainingpips.com\/index.php\/glossary\/agent\/\" data-mobile-support=\"0\" data-gt-translate-attributes='[{\"attribute\":\"data-cmtooltip\", \"format\":\"html\"}]' tabindex=\"0\" role=\"link\">agent<\/a> or;<\/span><\/td>\n<\/tr>\n<tr>\n<td valign=\"top\"><span style=\"color: #000000;\">&#xA0;<\/span><\/td>\n<td valign=\"top\"><span style=\"color: #000000;\">&#xA0;<\/span><\/td>\n<td valign=\"top\"><span style=\"color: #000000;\"><strong>B.<\/strong><\/span><\/td>\n<td style=\"text-align: left;\" valign=\"top\"><span style=\"color: #000000;\">The first billable work is performed or;<\/span><\/td>\n<\/tr>\n<tr>\n<td valign=\"top\"><span style=\"color: #000000;\">&#xA0;<\/span><\/td>\n<td valign=\"top\"><span style=\"color: #000000;\">&#xA0;<\/span><\/td>\n<td valign=\"top\"><span style=\"color: #000000;\"><strong>C.<\/strong><\/span><\/td>\n<td valign=\"top\">\n<p style=\"text-align: left;\"><span style=\"color: #000000;\">Any fee advanced by the forwarding <a class=\"glossaryLink\" aria-describedby=\"tt\" data-cmtooltip=\"cmtt_3f71d5a60f66be17e023315ea2837fc0\" href=\"https:\/\/www.trainingpips.com\/index.php\/glossary\/agent\/\" data-mobile-support=\"0\" data-gt-translate-attributes='[{\"attribute\":\"data-cmtooltip\", \"format\":\"html\"}]' tabindex=\"0\" role=\"link\">agent<\/a> is deposited or otherwise used.<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td valign=\"top\"><span style=\"color: #000000;\">&#xA0;<\/span><\/td>\n<td valign=\"top\">\n<p style=\"text-align: left;\"><span style=\"color: #000000;\"><strong>7.7<\/strong><\/span><\/p>\n<\/td>\n<td colspan=\"2\" valign=\"top\">\n<p style=\"text-align: left;\"><span style=\"color: #000000;\"><span id=\"_spanQT1175783932\">Refusal of a service assignment is communicated to the <\/span><span id=\"_spanQT1175783932\">forwarding <a class=\"glossaryLink\" aria-describedby=\"tt\" data-cmtooltip=\"cmtt_3f71d5a60f66be17e023315ea2837fc0\" href=\"https:\/\/www.trainingpips.com\/index.php\/glossary\/agent\/\" data-mobile-support=\"0\" data-gt-translate-attributes='[{\"attribute\":\"data-cmtooltip\", \"format\":\"html\"}]' tabindex=\"0\" role=\"link\">agent<\/a> using the most expeditious method available. If the method initially used is not a form of writing then it is followed by a written form.<\/span><\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td valign=\"top\"><span style=\"color: #000000;\">&#xA0;<\/span><\/td>\n<td valign=\"top\">\n<p style=\"text-align: left;\"><span style=\"color: #000000;\"><strong>7.8<\/strong><\/span><\/p>\n<\/td>\n<td colspan=\"2\" valign=\"top\">\n<p style=\"text-align: left;\"><span style=\"color: #000000;\"><span id=\"_spanQT7695719843\">Requests for additional informati<\/span><span id=\"_spanQT7695719843\">on or instructions to the forwarding <a class=\"glossaryLink\" aria-describedby=\"tt\" data-cmtooltip=\"cmtt_3f71d5a60f66be17e023315ea2837fc0\" href=\"https:\/\/www.trainingpips.com\/index.php\/glossary\/agent\/\" data-mobile-support=\"0\" data-gt-translate-attributes='[{\"attribute\":\"data-cmtooltip\", \"format\":\"html\"}]' tabindex=\"0\" role=\"link\">agent<\/a> are made in writing.<\/span><\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td valign=\"top\"><span style=\"color: #000000;\">&#xA0;<\/span><\/td>\n<td style=\"text-align: left;\" valign=\"top\"><span style=\"color: #000000;\"><strong>7.9<\/strong><\/span><\/td>\n<td style=\"text-align: left;\" colspan=\"2\" valign=\"top\"><span style=\"color: #000000;\"><span id=\"_spanQT3440375371\">Any change in the assignment or fi<\/span><span id=\"_spanQT3440375371\">nancial terms, caused as a result of new instructions or <a class=\"glossaryLink\" aria-describedby=\"tt\" data-cmtooltip=\"cmtt_ec91a4360498b21752ab183b70a6ca53\" href=\"https:\/\/www.trainingpips.com\/index.php\/glossary\/information\/\" data-mobile-support=\"0\" data-gt-translate-attributes='[{\"attribute\":\"data-cmtooltip\", \"format\":\"html\"}]' tabindex=\"0\" role=\"link\">information<\/a> received from the forwarding <a class=\"glossaryLink\" aria-describedby=\"tt\" data-cmtooltip=\"cmtt_3f71d5a60f66be17e023315ea2837fc0\" href=\"https:\/\/www.trainingpips.com\/index.php\/glossary\/agent\/\" data-mobile-support=\"0\" data-gt-translate-attributes='[{\"attribute\":\"data-cmtooltip\", \"format\":\"html\"}]' tabindex=\"0\" role=\"link\">agent<\/a>, are communicated in writing to the forwarding <a class=\"glossaryLink\" aria-describedby=\"tt\" data-cmtooltip=\"cmtt_3f71d5a60f66be17e023315ea2837fc0\" href=\"https:\/\/www.trainingpips.com\/index.php\/glossary\/agent\/\" data-mobile-support=\"0\" data-gt-translate-attributes='[{\"attribute\":\"data-cmtooltip\", \"format\":\"html\"}]' tabindex=\"0\" role=\"link\">agent<\/a>. Work on the assignment is held in <a class=\"glossaryLink\" aria-describedby=\"tt\" data-cmtooltip=\"cmtt_350959dade1ea22fd171623c0a217f5f\" href=\"https:\/\/www.trainingpips.com\/index.php\/glossary\/abeyance\/\" data-mobile-support=\"0\" data-gt-translate-attributes='[{\"attribute\":\"data-cmtooltip\", \"format\":\"html\"}]' tabindex=\"0\" role=\"link\">abeyance<\/a> until the forwarding <a class=\"glossaryLink\" aria-describedby=\"tt\" data-cmtooltip=\"cmtt_3f71d5a60f66be17e023315ea2837fc0\" href=\"https:\/\/www.trainingpips.com\/index.php\/glossary\/agent\/\" data-mobile-support=\"0\" data-gt-translate-attributes='[{\"attribute\":\"data-cmtooltip\", \"format\":\"html\"}]' tabindex=\"0\" role=\"link\">agent<\/a> negotiates the change in the assignment or financial terms to the point of acceptance or recalls the assignment.<\/span><\/span><\/td>\n<\/tr>\n<tr>\n<td rowspan=\"2\" valign=\"top\"><span style=\"color: #000000;\">&#xA0;<\/span><\/td>\n<td rowspan=\"2\" valign=\"top\"><span style=\"color: #000000;\">&#xA0;<\/span><\/td>\n<td style=\"text-align: left;\" rowspan=\"2\" valign=\"top\"><span style=\"color: #000000;\"><strong>A.<\/strong><\/span><\/td>\n<td style=\"text-align: left;\" rowspan=\"2\"><span style=\"color: #000000;\"><span id=\"_spanQT2661707484\">In the event the assignment such u<\/span><span id=\"_spanQT2661707484\">rgency, such as an expiring <a class=\"glossaryLink\" aria-describedby=\"tt\" data-cmtooltip=\"cmtt_f517ed6559fac927a52d90a7ef314215\" href=\"https:\/\/www.trainingpips.com\/index.php\/glossary\/statute-of-limitations\/\" data-mobile-support=\"0\" data-gt-translate-attributes='[{\"attribute\":\"data-cmtooltip\", \"format\":\"html\"}]' tabindex=\"0\" role=\"link\">statute of limitations<\/a>, that it is not practical to wait for a reply from the forwarding <a class=\"glossaryLink\" aria-describedby=\"tt\" data-cmtooltip=\"cmtt_3f71d5a60f66be17e023315ea2837fc0\" href=\"https:\/\/www.trainingpips.com\/index.php\/glossary\/agent\/\" data-mobile-support=\"0\" data-gt-translate-attributes='[{\"attribute\":\"data-cmtooltip\", \"format\":\"html\"}]' tabindex=\"0\" role=\"link\">agent<\/a>, service attempts should be made at the new address if such is practicable.<\/span><\/span><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n","protected":false},"excerpt":{"rendered":"<p>7.0 Exchange Work &#x2013; Received &#xA0; 7.1 Specific written permission from a forwarding <a class=\"glossaryLink\" aria-describedby=\"tt\" data-cmtooltip=\"cmtt_3f71d5a60f66be17e023315ea2837fc0\" href=\"https:\/\/www.trainingpips.com\/index.php\/glossary\/agent\/\" data-mobile-support=\"0\" data-gt-translate-attributes='[{\"attribute\":\"data-cmtooltip\", \"format\":\"html\"}]' tabindex=\"0\" role=\"link\">agent<\/a> is required before contact is made with that <a class=\"glossaryLink\" aria-describedby=\"tt\" data-cmtooltip=\"cmtt_3f71d5a60f66be17e023315ea2837fc0\" href=\"https:\/\/www.trainingpips.com\/index.php\/glossary\/agent\/\" data-mobile-support=\"0\" data-gt-translate-attributes='[{\"attribute\":\"data-cmtooltip\", \"format\":\"html\"}]' tabindex=\"0\" role=\"link\">agent<\/a>&#x2019;s client. &#xA0; 7.2 Specific written permission is required before a fee is quoted to a forwarding <a class=\"glossaryLink\" aria-describedby=\"tt\" data-cmtooltip=\"cmtt_3f71d5a60f66be17e023315ea2837fc0\" href=\"https:\/\/www.trainingpips.com\/index.php\/glossary\/agent\/\" data-mobile-support=\"0\" data-gt-translate-attributes='[{\"attribute\":\"data-cmtooltip\", \"format\":\"html\"}]' tabindex=\"0\" role=\"link\">agent<\/a>&#x2019;s client unless the client has initiated the contact and asked for a quote. &#xA0; 7.3 [&#x2026;]<\/p>\n","protected":false},"author":3,"featured_media":0,"parent":2431,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"footnotes":""},"class_list":["post-2466","page","type-page","status-publish","hentry"],"_links":{"self":[{"href":"https:\/\/www.trainingpips.com\/index.php\/wp-json\/wp\/v2\/pages\/2466","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.trainingpips.com\/index.php\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/www.trainingpips.com\/index.php\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/www.trainingpips.com\/index.php\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.trainingpips.com\/index.php\/wp-json\/wp\/v2\/comments?post=2466"}],"version-history":[{"count":0,"href":"https:\/\/www.trainingpips.com\/index.php\/wp-json\/wp\/v2\/pages\/2466\/revisions"}],"up":[{"embeddable":true,"href":"https:\/\/www.trainingpips.com\/index.php\/wp-json\/wp\/v2\/pages\/2431"}],"wp:attachment":[{"href":"https:\/\/www.trainingpips.com\/index.php\/wp-json\/wp\/v2\/media?parent=2466"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}