Chapter Two Methods of remittance The manner by which the payment instruction from remitting bank to paying bank There are three types 1 Telegraphic Transfer,TT(电汇) 2 Mail Transfer,MT(信汇) 3 Remittance by banker's Demand Draft, D/D 西示 (票汇)
Chapter Two Methods of Remittance • The manner by which the payment instruction from remitting bank to paying bank. • There are three types : 1 Telegraphic Transfer, T/T（电汇） 2 Mail Transfer, M/T（信汇） 3 Remittance by Banker’s Demand Draft, D/D （票汇）
Methods of remittance 1 Telegraphic Transfer,TT(电汇) Payment instruction given by the remitting bank to the paying bank will be telecommunication. such as cable. telex or computer system
Methods of Remittance 1 Telegraphic Transfer, T/T（电汇） Payment instruction given by the remitting bank to the paying bank will be telecommunication, such as cable, telex or computer system