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What does TT stand for in banking?
Telegraphic Transfer
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 is telegraphic transfer charge fee for 4000.00 US Dollar?
The telegraphic transfer charge fee for sending $4,000 can vary widely depending on the bank or financial institution you use, as well as the destination country. Typically, fees can range from $20 to $50 or more, and there may also be additional intermediary bank fees. It's best to check with your specific bank for their exact fee structure.
What is government transfer payment?
Social Security
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 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 LC DA DP TT payment options?
LC = Payment thru Letter of Credit DA = Payment against acceptance DP = Payment against receipt of document TT = Telegraphic transfer
What does MT103 in banking stand for?
MT 103 means Wire transfer, Cable transfer, telegraphic transfer of the funds from one account to another account with out any conditions.
Is telegraphic transfer safe?
not sfe
What does Telegraphic transfer mean?
Telegraphic transfer is a method of electronically transferring funds from one account to another. It involves sending payment instructions from a sender's bank to the recipient's bank, typically for international payments. It is a secure and efficient way to send money quickly.
What does TT stand for in banking?
Telegraphic Transfer
What is form mt103 used for?
Telegraphic Transfer Form.
What is the fullform of TT in bank transaction?
Telegraphic Transfer
What does tt mean in shipping terms?
Telegraphic Transfer.
What is the meaning of tt?
The meaning of TT reimbursement is telegraphic transfer reimbursement. Often this term will be followed by the world allowed, or not allowed. This alerts you to weather a telegraphic transfer reimbursement is allowed or not.
What is telegraphic transfer reimbursement in LC?
Telegraphic transfer reimbursement in a Letter of Credit (LC) refers to the process where a bank reimburses another bank for payments made to a beneficiary under the terms of the LC. This typically occurs when the beneficiary submits documents that comply with the LC conditions, allowing the confirming or negotiating bank to settle the payment via a telegraphic transfer. The reimbursement is facilitated through a pre-agreed arrangement between the banks involved, ensuring the seller receives funds promptly while the buyer's bank manages the transaction.
What is the meaning of tt reimbursement?
The meaning of TT reimbursement is telegraphic transfer reimbursement. Often this term will be followed by the world allowed, or not allowed. This alerts you to weather a telegraphic transfer reimbursement is allowed or not.
