Corporate Banking

Introduction

  

Exchange is a settlement mode in which XIB, as instructed by the remitter, pays foreign exchange to the designated payee. It consists of Telegraphic Transfer (T/T) and mail transfer (M/T).

Foreign Exchange Telegraphic Transfer (T/T) is a settlement mode in which XIB, as instructed by the remitter, pays foreign exchange via telegram or telex to the designated payee.

Mail Transfer (M/T) is a settlement mode in which XIB, as instructed by the remitter, delivers mail transfer advice to paying bank via post office. (XIB doesn't provide M/T service any more)

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