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I'm unable to confirm specific employment details or roles for individuals at China Citic Bank or any other organization. It's best to check the bank's official website or contact them directly for the most accurate and up-to-date information regarding personnel and departmental roles.

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2mo ago

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What does it mean by buying TT or OD or selling TT or OD in foreign exchange?

When buying or selling foreign currency, "TT" stands for telegraphic transfer, which refers to electronic transfers of funds between banks. "OD" stands for on demand, which refers to transactions that are processed immediately. Buying TT means purchasing foreign currency through a telegraphic transfer, while selling TT means selling foreign currency through a telegraphic transfer. Buying OD means purchasing foreign currency for immediate delivery, while selling OD means selling foreign currency for immediate delivery.


What is TT and BILL in foreign exchange parlance?

In foreign exchange parlance, "TT" stands for "Telegraphic Transfer," which refers to the electronic transfer of funds and is often used for international transactions. "BILL" typically refers to a "Bill of Exchange," a financial document that represents an agreement between parties for payment at a future date. Both terms are crucial in managing cross-border payments and trade finance.


What do you mean by foreign exchange?

Foreign Exchange is Exchange between two currency.


What is foreign exchange operation?

The Eurosystem conducts foreign exchange operations according to Article 105 and consistent with the provisions of Article 111 of the Treaty establishing the European Community. Foreign exchange operations includeforeign exchange interventions;operations such as the sale of foreign currency interest income and so-called commercial transactions.


What is forex department?

The forex department is responsible for dealing with and managing the purchase and sale of foreign currencies and is a highly specialized business. All banks, private or state owned, have foreign exchange departments that work closely with the foreign exchange markets in each country trading with other financial centers worldwide. The greatest share of currency trading is specific to a banks own account although a small proportion will be on behalf of its personal customers

Related Questions

What does it mean by buying TT or OD or selling TT or OD in foreign exchange?

When buying or selling foreign currency, "TT" stands for telegraphic transfer, which refers to electronic transfers of funds between banks. "OD" stands for on demand, which refers to transactions that are processed immediately. Buying TT means purchasing foreign currency through a telegraphic transfer, while selling TT means selling foreign currency through a telegraphic transfer. Buying OD means purchasing foreign currency for immediate delivery, while selling OD means selling foreign currency for immediate delivery.


What is TT and BILL in foreign exchange parlance?

In foreign exchange parlance, "TT" stands for "Telegraphic Transfer," which refers to the electronic transfer of funds and is often used for international transactions. "BILL" typically refers to a "Bill of Exchange," a financial document that represents an agreement between parties for payment at a future date. Both terms are crucial in managing cross-border payments and trade finance.


Where to exchange dollars for euro?

Depends where you are. Many banks have a foreign exchange department, as do major hotels and money exchanges


Convert 45k Australian dollars to SA rand?

i use to work in the foreign exchange department at bank one, call a major bank and ask for the foreign exchange department and they will help you.


Where to complain about unauthorised foreign money exchange?

(In the US) The Treasury Department - contact the local branch office of the FBI.


What does the Thomas Global Exchange assist with?

The company known as Thomas Exchange Global facilitates foreign currency exchanges and allows you to order and transfer money at some of the best exchange rates available.


Which foreign exchange system has the highest foreign exchange rate?

The Zimbabwean has the highest foreign exchange rate.


What do you mean by foreign exchange?

Foreign Exchange is Exchange between two currency.


What are foreign exchange rates?

Foreign exchange rates are currency exchange value of other countries.


What is a tt payment and how does it work?

TT means Telegraphic Transfer.. similar to Bank transfer. And you go to your local bank, they will give you some forms... fill it and follow the steps.. If you send the money to foreign countries, you kinda need swift code.. and if you are from Europe, and you also need IBAN code. :) Google them.. you will got more details.


Where is the foreign exchange in London?

The foreign exchange in London is located at a variety of places throughout the city. The London Foreign Exchange under the Bank of England, International Currency Exchange and Holborn Currency Exchange are all places a traveler can visit for their foreign exchange needs in London.


What is foreign exchange operation?

The Eurosystem conducts foreign exchange operations according to Article 105 and consistent with the provisions of Article 111 of the Treaty establishing the European Community. Foreign exchange operations includeforeign exchange interventions;operations such as the sale of foreign currency interest income and so-called commercial transactions.