Parties in remittance 1 Remitter(汇款人) who requests his bank to remit funds to a beneficiary in a foreign country, always Is importer or debtor 2 Payee or Beneficiary(收款人 who is addressed to receive the remittance always is the exporter or creditor 3 Remitting Bank(汇出行) who is entrusted to remit the funds outward 4 Paying Bank(汇入行也称解付行) who is entrusted by the remitting bank to make payment to the payee
Parties in remittance 1 Remitter（汇款人） who requests his bank to remit funds to a beneficiary in a foreign country, always is importer or debtor 2 Payee or Beneficiary（收款人） who is addressed to receive the remittance, always is the exporter or creditor 3 Remitting Bank（汇出行） who is entrusted to remit the funds outward 4 Paying Bank（汇入行也称解付行） who is entrusted by the remitting bank to make payment to the payee
2 Remitter Payee 3 Remitting Paving bank Bank
1 Remitter 2 Payee 3 Remitting bank 4 Paying Bank
Main parties are mentioned above, but if remitting bank and paying bank have no direct account relationship, intermediary bank(转汇行) will be involved Intermediary bank(转汇行): transfer funds to paying bank for remitting bank or collect funds for paving bank
• Main parties are mentioned above, but if remitting bank and paying bank have no direct account relationship, intermediary bank (转汇行) will be involved • Intermediary bank (转汇行) : transfer funds to paying bank for remitting bank or collect funds for paying bank
Relations between parties 1 Payee and payer Non-trade transfer funds Trade: debt and credit 2 Remitter and remitting bank trustor and trustee
Relations between parties 1 Payee and payer • Non-trade: transfer funds • Trade: debt and credit 2 Remitter and remitting bank : trustor and trustee
3 Remitting bank and paying bank relationship of both correspondent and trust 4 Payee and paying bank Payee has an account in paying bank or has no relationship with paying bank
3 Remitting bank and paying bank : relationship of both correspondent and trust 4 Payee and paying bank: Payee has an account in paying bank or has no relationship with paying bank