【正文】 instrument, which can be transferred from one person to another by endorsement, so that it is more convenient in use for payment. 流通票據(jù)可背書轉讓 ⑵ M/T: Banktobank instructions with banks responsible for making payments, so it is rather reliable。 Chapter 4 Remittance ⑶ T/T: ① It is more expensive as pared with M/T or D/D, but if the amount transferred is large, the interest cost which should be otherwise incurred due to time delay can be saved。 Standard of classification Payee/ beneficiary. remitting bank paying bank remitter Chapter 4 Remittance Remitter Remitting Bank 匯出行 Paying Bank 匯入行 Payee Requests his bank to remit funds to a beneficiary in a foreign currency. Transferring funds at the request of a remitter to its correspondent or its branch in another country and instructing the latter to pay a certain amount of money to a beneficiary. Entrusted by the remitting bank to pay a certain amount of money to a beneficiary. Who is addressed to receive the remittance. 2） Parties concerned Chapter 4 Remittance Transfer(T/T)電匯 Remitting bank transmitted instructions to paying bank by cable電報 /telex電傳 /SWIFT. 3） Methods and procedures 匯款的方式和流程 Chapter 4 Remittance Diagram Remitter Beneficiary Paying Bank advice application receipt the beneficiary 6. Funds 5. Signed for payment Remitting Bank Chapter 4 Remittance Remitting bank transmitted instructions to paying bank by airmail of a payment order or mail advice. 支付委托書 /信匯委托書 匯費相對低廉；資金匯兌速度取決于郵遞速度，相對較慢；銀行有機會占用客戶的在途匯款資金。 ② The beneficiary must await notification （通知 ,通告） from the bank concerned. Chapter 4 Remittance Summary ⑴ M/T usually made by individuals for family maintenance, cash gift, etc. 生活費，禮物 ⑵ T/T is favorable to the seller, who can speed up the turnover of funds, increase the ine of interests and avoid the risk of fluctuation in the exchange 金周轉，避免匯率風險 ⑶ However, the seller should pre