Corporate Banking

Introduction

  

International remittance includes inward and outward remittance. In an inward remittance, remittance can be credited into the designated beneficiary account or the designated receiving bank according to the instruction of foreign bank. In an outward remittance, remittance can be credited into a certain account designated by remittance applicant. In terms of remittance methods, it can be categorized into Telegraphic Transfer (T/T), Demand Draft (D/D) and Mail Transfer (M/T). T/T is the most frequently used remittance method.

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