[Code of Federal Regulations]
[Title 48, Volume 1]
[Revised as of October 1, 2002]
From the U.S. Government Printing Office via GPO Access
[CITE: 48CFR32.1106]

[Page 685]
 
            TITLE 48--FEDERAL ACQUISITION REGULATIONS SYSTEM
 
                CHAPTER 1--FEDERAL ACQUISITION REGULATION
 
PART 32--CONTRACT FINANCING--Table of Contents
 
                Subpart 32.11--Electronic Funds Transfer
 
Sec. 32.1106  EFT mechanisms.

    (a) Domestic EFT mechanisms. The EFT clauses at 52.232-33 and 
52.232-34 are designed for use with the domestic United States banking 
system, using United States currency, and only the specified mechanisms 
(U.S. Automated Clearing House, and Fedwire Transfer System) of EFT. 
However, the head of an agency may authorize the use of any other EFT 
mechanism for domestic EFT with the concurrence of the office or agency 
responsible for making payments.
    (b) Nondomestic EFT mechanisms and other than United States 
currency. The Government shall provide payment by other than EFT for 
payments received by or on behalf of the contractor outside the United 
States and Puerto Rico or for contracts paid in other than United States 
currency. However, the head of an agency may authorize appropriate use 
of EFT with the concurrence of the office or agency responsible for 
making payments if--
    (1) The political, financial, and communications infrastructure in a 
foreign country supports payment by EFT; or
    (2) Payments of other than United States currency may be made 
safely.