v Outward Remittance
v Inward RemEittvaanlucaetion only.
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Outward Remittance
(3)
The remitting bank issues a payment order ted wtpTtohitlhaheieCctAspeopasbpawpyryyamohrmnisegeecerhneh.ntSttto2ilhEnior0decvr1ecdlaubo9seldeur-rfr2inaoens0etrsgpi1of.peiN9acnocimEAaniofTidrosneyepuls3yinon.s.tts5th,debeCnoaPadmlnimteekyincteaiLitnlietaPldstdnhr..oodeffile 5.2
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Procedure
(1) The remitter makes out the necessary application forEmvaalunadtigoinveosnhlyi.s signed written
ted waitphpAlicsaptoiosne.tSolihdiessbfoarnk.NiEnsTtr3u.c5tiCnglieint ttoPrisosfiulee5.2 a TC/To,piynrdigichat t2in0g19th-2e0b1e9nAesfipcoiasrey’PstyfuLlltdn.ame, address and the name of beneficiary’s banker (if any).
Methods of Remittance
v Telegraphic Transfer(T/T) v Mail Transfer E(Mva/Tlu)ation only. tedvwRitehmAisttpaonscee.SblyidBeasnfkoer r.’NsEDTem3.a5nCdliDenrat fPt(rDo/fDile) 5.2
Remitter
Payee/Beneficiary
Evaluation only.
ted with Aspose.Slides for .NET 3.5 Client Profile 5.2
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Bank
Bank
tedvwInithaAnyspmoasejo.rScliudrersenfocry.fNoEr Tan3y.5amCloieunntt Profile 5.2 v A fCaospt yarnigdhta2c0c1u9ra-2te01w9aAysptoosteraPntsyfeLrtdf.unds abroad
v
Telegraphic Transfer(T/T)
v A secure way of remitting funds of
ted
wsbiutehbnAsetfsaicpnioatisaryel .SalmEidvoeauslnuftaostrio.pNnaEyoTanbl3yl.e.5
to a specific Client Profile 5.2
v To Cfaocpilyitraigtehtp2a0y1m9e-2n0ts19onAsaporesgeuPlatyr bLatds.is by
means of a standing instruction
diagrame
Evaluation only. ted with Aspose.Slides for .NET 3.5 Client Profile 5.2
Copyright 2019-2019 Aspose Pty Ltd.
Telegraphic Transfer(T/T)
v The most efficient means with the payment instruction traEnsvmaliuttaetdiobnyotnellye.x/SWIFT
The remitting bank
the bank who transferring funds at the ted otttfoiinloegar5.2
v Remittance v DocumentaryECvoalllueacttiioonn only. tedvwDitohcAusmpeonstea.rSyliLd/eCs for .NET 3.5 Client Profile 5.2 v LetCteorpoyfriGghuta2ra0n1t9e-e2(0L1/G9 )Aspose Pty Ltd.
Inward Remittance
v The remittance which those are handled by foreign payingEbvaanluka.tion only.
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The paying bank
v the bank entrusted by the remitting bank to pay a certaEinvsaulumatoiofnmoonnlye.y to a
ted wbitehnAefsicpioasrye.nSalimdeesdfionr t.hNeErTem3.i5ttaCnlcieenat dPvroicfeile. 5.2 Copyright 2019-2019 Aspose Pty Ltd.
The payee
v
ted
wrietthhmeAitptsapenorcsseoen.SwlEihdvoeasilsufaoatrdio.dNnrEeosTnsl3ey..d5tCo lrieencet iPvreotfhilee
5.2
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ted with Aspose.SlEidCveahsluafaoptrio.tNneEroTn4l3y..5 Client Profile 5.2
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kinds of methods of settlements
v
remittance
T/T
Evaluation only.
ted withSeAlslpeor se.Slides for .NET 3.5BCuliyeenrt Profile 5.2
Copyright 2019pa-y2m0e1nt9 Aspose Pty Ltd.
reverse remittance
collection
Evaluation only.
ted withSeAlslpeor se.Slides for .NET 3.5BCuliyeenrt Profile 5.2
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Definition
Remittance refers to the transfer of funds ted wfciotriostfohummCcAnuootsosrpnpinteyeooersymisgptetehhoa.rrtSr,oitt2layEsui0dgvtbo1eoahav9slaenu-bf2nkraoas0otrntei1rto.khaaN9nsensE.ArsobATfsnaretpalm3rytons.h.os5ceanehCgrcePelesidqteryioutnfafreLteinstPrdetrs.nooutffmile 5.2
The remitter
the person who requests his bank to remEivtafluuantdiosn toonlya. beneficiary ted winithaAfsoproeseig.Snlidceosufnortr.yN.ETTh3e.5rCelmienitttPerroifsile 5.2 alsCoopthyreigphta2y0e1r9.-2019 Aspose Pty Ltd.
remittance and reverse
remittance.
v There are two main kinds of methods of settlements, namely remittance and reverse
remittance. Evaluation only. tedv wTihtheAresmpiottsaenc.Seliisdethsatfothre.NfuEnTds3f.lo5wCinlieanftaPvorroafbillee 5.2
dthireeCrceotfiroponymrt.oigthhte2p0a1y9m-e2n0t1in9stAruscptioosnes tPratynsLmtditt.ed
v The reverse remittance is that the funds flow in a contrary direction to the payment instructions transmitted therefrom.
(2)
The remitting bank debits his customer’s account with tEhveaalumaotiuonntotonlby.e remitted ted wtoithgeAthspeor sweit.hSliitdsecsofmorm.NisEsiTon3.a5nCdleiexnptePnrsoefil(eif 5.2 anyC)o. pyright 2019-2019 Aspose Pty Ltd.