国际贸易chapter519.pptVIP

2 MODES OF PAYMENT IN INTERNATIONAL TRADE 2) The Classification of Remittance (1) Mail Transfer(M/T) Mail Transfer is a process that the remitting bank, at the request of the remittance, sends instructions by mail to the paying bank asking it to make a certain amount of payment to the payee. The cost of this method is less, but the speed is slower. 2 MODES OF PAYMENT IN INTERNATIONAL TRADE (2) Telegraphic(T/T) Telegraphic Transfer(T/T) is a process that the remitting bank, at the request of the remittance, sends a cable to its correspondent bank in the country concerned instruction, to make a