TopicThree.pptVIP

Topic Three;;;;Method of Payment;;★ Buyer remit through bank by following means:;;Flow chart of cable/telex/SWIFT (Telegraphic Transfer, T/T);;Sample of cable/telex Transfer;;SWIFT;;;;;;;;;Sample of SWIFT message ;;CHIPS;;;;;;Flow chart of Bank Demand Draft Transfer (D/D);BANK OF CHINA;How transfer money between banks?(1);How to transfer money between banks?(2);Sometimes, bank A open a/c in Bank C while Bank C open account in bank B like the above.;Sometimes, both banks open accounts in Bank C;For example, China imports goods from Italy. Payment is made in USD.;Bank A opens a/c at Bank C. B