Rem is at the bank.

(1) the remitter, usually the debtor or payer;

(2) The payee refers to the creditor or beneficiary,

Remittance bank is a bank entrusted by the remitter to remit money to the payee;

(4) The paying bank refers to the bank entrusted by the remitting bank to receive the remittance from the remitting bank and remit the money to the payee, also known as the remitting bank.

The relationship between remittance bank and payment bank is principal-agent relationship. After the bank collects local currency and sells foreign exchange, it will notify the creditors or branches of the country where the payee is located or their correspondent banks by means of telegraphic transfer, letter transfer and draft according to the customer's requirements, and pay a certain amount of foreign exchange in his foreign currency deposit account to the payee at the exchange rate of the day. In this way, foreign exchange banks have increased the local currency paid by customers in their own accounts, while the deposits in foreign currency accounts have decreased the corresponding foreign currency.