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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.
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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 in a bank?
Telegrafic Transfer
What does TT stand for in banking?
Telegraphic Transfer
DP payment against receipt of document?
wht is DP payment...if any company issue DP payment to me is safe or not it is like Tt payment? how the diferrent Tt payment & DP payment? Hope your can rely it
Swift code of chase bank in Phoenix?
i want to deposit from london uk bank in my saving acount in phx . what is the swift code than my ac no .how can deposit or tt from other bank of london uk
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 are the functions of foreign exchange department in bank?
Foriegn Exchange department in a bank has following functions: EXPORTS * Pre-shipment Advances * Post-shipment Advances * Export Guarantees * Advising/Confirming Letter of Credit * Facilitating project exports * Bills for collection IMPORTS * Opening letters of credit * Advance bills * Import loans and guarantees. EXCHANGE DEALINGS * Rate computation * Nostro/Vostro Accounts * Forward contracts * Derivatives * Exchange position and cover operations REMITTANCES * Issue of DD, MT, TT etc. * Encashment of cheques, DD, MT, TT etc. * Issue and encashment of travelers' cheques * Sale and encashment of foreign currency notes * Non-resident deposits STATISTICS * Submission of returns * Collection of credit information
What is meant by payment term TT?
Payment term TT stands for Telegraphic Transfer, which is a method of payment where funds are transferred electronically from one bank account to another. TT payments are commonly used in international trade transactions as a secure and quick way to exchange funds.
What is the ticker symbol for Trane?
The ticker symbol for Trane is TT and it is traded on the New York Stock Exchange.
What are the possible offspring outcome if parent 1 Tt crosses with parent 2 tt tt?
Tt, tt -- novanet :)
Which car stores sell an Audi TT?
The following retailers sell the Audi TT: Audi Buyers, Sell My Prestige Car, Auto Trader, Exchange and Mart, Car Sales, Cars, Piston Heads, V Cars, AOL Autos.
What are the possible offspring outcomes if parent 1 Tt crosses with parent 2 tt?
The possible offspring outcomes of this cross would be 50% Tt (heterozygous) and 50% tt (homozygous recessive).
What is marking up a bill?
changing or rewriting a bill by committees.
Reasons why selling TT rate is higher than buying TT rate?
TT Selling rates are always higher than the TT Buying rates as the difference between the two is the spread a bank keeps. This spread is kept to cover the exchange risk that the bank has as well as the charge to provide the service. In case of USD/INR if the rates quoted in the market is 56.01/02, it essentially means when we sell USD (we received from abroad) to a bank, the rate quoted will be 56.01 (minus) an exchange margin that the bank might keep. On the other hand, when we buy USD (we are to make payment to a party abroad) from a bank, the rate quoted will be 56.02 (plus) an exchange margin that the bank might keep. The exchange margin mentioned here may differ from client to client depending upon the relationship that the bank has with the client.
Bobtails in cats are recessive?
rather TT Tt tt
What is the multiple allele pattern of inheritance?
TT Tt tt
What is the phenotype for Tt x Tt?
Tt X Tt Statistically, 1 TT Homozygous dominant, expresses T. 2 Tt Heterozygous dominant, expresses T. 1 tt Homozygous recessive, expresses t.
