Telegraphic draft by telegraphic transfer; Lightning strike telegram handles remittance. T/T TT, a trade term, is called "telegraphic transfer" in English. T/T is a remittance method in which the remitter deposits a certain amount of money in the remitting bank, and the remitting bank sends it by telegram or telex to the destination branch or correspondent bank (remitting bank), instructing the remitting bank to pay a certain amount to the payee. T/T is a foreign exchange settlement method. In addition to the transfer of funds between units, exchange settlement can also be used for units to pay related funds to individuals in different places, such as retirement wages, medical expenses, various labor fees, remuneration, etc. , it can also be used for individuals to pay related money to units in different places, such as mail-order goods, books and periodicals, university tuition, etc.
Remittance by draft
65438+ 0 ‰ of remittance amount; The lowest 50 yuan, the highest 260 yuan RMB.
Letter of credit is the most important and commonly used method of settlement (payment) in international trade at present. A letter of credit (L/C for short) is a written document issued by a bank according to the requirements and instructions of customers. The mode of payment by letter of credit is gradually formed with the development of international trade and the participation of banks in international trade settlement. As the payment of the payment is conditional on obtaining the shipping documents that meet the requirements of the letter of credit, the risk of prepaying the payment is avoided, so the payment method of the letter of credit solves the contradiction between the importer and the exporter in terms of payment and delivery to a great extent. It has become a major payment method in international trade. When using the letter of credit payment and settlement method, the buyer fills in the letter of credit application form according to the sales contract, pays the letter of credit deposit to the issuing bank (the bank, that is, the issuing bank determines its credit according to the business situation of each enterprise, and then determines the proportion of the deposit that the enterprise needs to pay according to the credit. The better the credit, the less the deposit the enterprise pays) (generally equivalent to the amount of the letter of credit to be opened) or provides other guarantees, and then asks the issuing bank to open a letter of credit. The letter of credit is opened to the seller and the seller is the beneficiary. Once a letter of credit is issued, it becomes an agreement independent of the sales contract. The seller shall deliver the goods according to the contract requirements before the delivery date, and then obtain a set of documents, including the most important on-board bill of lading (B/L), the quantity, date and apparent condition of which are consistent with the sales contract, and can apply for settlement of foreign exchange at the bank (negotiating bank) designated in the letter of credit. After reviewing the documents according to the terms of the letter of credit, the negotiating bank advances the money to the beneficiary, and then notifies the issuing bank to pay the payment slip (actually, it is deducted from the original deposit and the excess money is returned to the buyer).