Frequently Asked Questions

Frequently Asked Questions

This global intranet site page serves trade advice and opinions to USCT and registered SPCT members using in-house terms of reference, that said members understand . This site page is not suitable for ill informed traders

FTNX BUSINESS 2025

PA DLC

PCT TRADE WEBSITES

GROSS PROFITS AND TAXATION

FTNX BUSINESS 2025

FTNX TRADING YEAR
SPCT Members Information 22 Nov 2024

FTNX.net is to be treaded as a intranet by SPCT members as such FTNX does not apply the efforts needed to rank it websites. The Intranet aspect means we will be using in-house terms or references that suites SPCT and USCT members. FTNX will be concentrating on key products for the 2025 trading year.The FTNX Index has all details for current (2025) members to use, when sourcing goods for FTNX via ITB or AOS. FTNX will only consider RFQ and OTS from a SPCT members to initiate a support process. If a supplier comes directly to FTNX, they will be asked is a SPCT member has contacted them. If the answer is ‘yes’ they will be asked to return to the SPCT member or P.A to finalise the inquiry. While the Zehed-bike is nearing completion, FTNX will be considering only large revolving contract of supply as secured by SPCT representatives. Securing Coal, USLD2 , Copper Cathodes and Sugar and possibly an LNG contract etc..etc.. will be our main focus. FTNX business focus will also be aimed at China. FTNX will sell raw materials as well as source goods from Chinese manufacturers intently, as China continues to be a safe country to do business with in where all their main banks are able to handle high DLC’s. FTNX will also gear its supply focus on Africa and Latin American countries. SPCT members securing or selling goods into India , for FTNX to close, is applied at the discretion of FTNX, as a large growing number of Indian manufacturers are suppling Russia with goods, and taking their refined petroleum products at a discount , in contrary to USA economic sanctions. Indian manufacturers, banned by the USA will not be able to do business with FTNX. Trading houses are also banned from doing business with FTNX as most to date , especially those based in Asia and Japan have acted dishonourably in the past. The pre advised DLC process will also be heavily tested in 2025. Products for countries bearing USA, and Australian sanctions are not considered. New office hours: FTNX will be online daily AEST from 6.00 AM to 2.00 PM Friday to Monday from January 2025, to ensure a live connection to SPCT members on the other side of the world . Contact from Tuesday to Thursday AEST is at FTNX discretion. Our private members Gmail address remains active for 2025. As for doing business with Ukraine. While goods are being exported and imported, into Ukraine , only insurance cargo institute clause "C" and not Clause "A" is offered.Likewise any delivery into any war effected Zone.The SPCT offer should reflect to included an added (up to) 8.0% to the price of good delivered at CIF when goods are offered into war zones. No products serviced by FTNX to Isreal for 2025. As for the USA, FTNX will wait to see what devastation TRUMP will cause once in office.

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PA DLC

PA DLC
SPCT Members Information 23 Nov 2024

For the 2025 Trading year the request for a a confirmed credit is paramount , even from a top 100 bank; however in trying times the use of the PA CIT DLC payment instrument will be greatly applied as more considerations are needed to close a deal while appeasing the demands of the supplier and end buyer. The PA CIDLC means the end buyers will obtain a PPI as the first document to be presented , way before the actual delivery date, once the instrument is lodged within 7 days of contract being signed. Once the PPI is lodged with the end buyers bank via the PCT bank , the PA status is removed.All cost of issuing the DLC is for the account of the end buyer in lieu of accepting a PA CIT DLC.The S PCT may also consider issuing a IH DLC to the supplier once the PA status is removed form the DLC held.

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PCT TRADE WEBSITES

WEBSITES
SPCT Members Information 25 Nov 2024

The PCT is ostensibly wasting their time depending on their website to generate business; the internet has become an unfair play ground. Keywords don’t means a thing. This has been the case for the last 9 years after Google changed its ranking aspect to heavily promote only website who spend money with google to advertise their site often. It was easy to secure ranking pre 2014. This aspect is not more. Add AI to the mix and a totally confusing and poorly applied search engine application are considered to offer an ineffective search aspect which now is only serving the public in a general and broad manner. The internet has become convoluted and a scam laden place which now is mostly geared to extract money from people looking to buy goods online or to serve porn and the likes. The SPCT endorsed PCT uses the internet to obtain information and to secure suppliers which has to be verified there times minimum, from three different sources online before the information obtained is deemed safe to use. A PCT sets up a minimum website, to serve only information to others, advice about the nature of your business, so that potential customers do not need to ask for such information, when contacting you . In this light ensuring that the PCT indicates clearly matters of payment and procedures will ensure that only genuine seriously minded customers will approach you. This may slow business down, but in return mostly genuine customers will make inquiries to you. PCT ’s who are still lucky and have an analogue facsimile machine at home (I don’t have an analogue land line to use a fax anymore in Australia; thanks to very short sighted politicians who thought to make the fax machine redundant.) the fax machine is a very safe and very powerful tool when trading as 70% of all suppliers and end buyers still use facsimile machine to conduct conducting business, privately and safely as a fax machine cannot be hacked. FTNX sill uses old fashioned postal service to serve offers and general inquiries to potential supplier in the last 5 years with great success– attracting business at a much slower pace does not mean no business – but good business.. Do not solely depend on the internet to generate business ion 2025 is my point. End buyers and supplier simply put, don’t care how good your website looks how much you spend to maintain it.

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GROSS PROFITS AND TAXATION

GROSS PROFITS AND TAXATION
1 December 2024

Western democratic countries would be familiar of the following aspect is some form. So a monthly revolving deal was closes where the PCT has grossed US$60,000 on the first delivery. The PCT is accordance with TRIBE Rules of Association and the issuance of an IPG , prepares a pro forma invoice (PFI) to ISS members who assisted enclosing the deal with the PCT and forwards a copy to each person via email - within 7 days of the deal formally closing. Two ISS member were apparent ; (one on the end buyers side and one on the suppliers side) as such each will receive US$ 12000 each- per month of the life of the contract.The ISS members signs the PFI and returns it via email to their ‘Principal’ within 7 days of issuance, who acknowledge receipt. The PFI is returned with the applicants address, contact details and bank details. Upon receiving the PFI , the Principal deposits into the account of the relevant ISS, the formally declared payment of commission. The same process applies for all monthly deposits from the first, as the first issuance was to show new applicants what the process applies as an educational aspect– it’s only the first PFI that the PCT issues. ISS member thereafter must prepare their own PFI as each delivery date nears, and forward such to their Principal , in the same manner as already indicated above. The PCT must have such a PFI in hand signed and authenticated in support of any IPG issued prior. The payment of commission is then deducted from the gross profit earning - along with any other tax write-offs available to the PCT, regardless if trading under their own name or a company. This is a very important aspect as already confronted by FTNX; if the IPG and supporting PFI is not in hand , the PCT’s earning for the full amounts- will be declared, incurring the relevant full income tax rate for the whole sum. A PCT may via ‘all legal means’ apply write-offs so as to pay minimum taxes ; note the term ‘all legal means’ which means the the PCT has the legal right to pay the minimum rate of income tax. ; as such a creative aspects to do as much can always be found. If the PCT fails to apply the above when a deal is closed and publicly declared, problems may arise , I.e: the taxation department may actually contact the people involved in the deal, no matter where they are located to verify the claim of the PCT to test what the PCT has claimed a to be full earnings is true and correct. Declare your earnings and mitigate your commitments by ensuring you have paperwork secured to back up any claims of earnings made.

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