- The most convenient and quickest export settlement tool

WHAT——What is the inward remittance?

•The way of settlement that, entrusted by the customers, the foreign correspondent banks or sister-branches remits the fund into the domestic bank and instructs it to pay the fund to the payee.

•The way of remittance includes telegraphic transfer (T/T), mail transfer (M/T), and banker’s demand draft (D/D), among which T/T and D/D are used most commonly.

WHY——Why choose inward remittance?

•Telegraphic transfer, the quickest settlement tool, facilitates the exporters to speed up cash flow;

•Relatively lower costs and helping the exporter to reduce the financial expenses and control the costs;

•Widely used and easy to operation.

WHEN——When to use inward remittance?

•To speed up cash flow and reduce financial cost, the remittance is preferred;

•When doing settlement for non-trade business and capital account transactions, the remittance should be used.

HOW——How to handle inward remittance operation?

•The operation flow（telegraphic transfer is expressed in bold line and draft transfer in dotted line）