国际结算笔记4(4)

Chapter5 methods of international settlement– types T/T (telegraphic transfer) : remittance by cable/telex/SWIFT M/T (mail transfer): remittance by airmail (see P71) D/D (demand draft ): remittance by banker’s demand draft. (see P71) A banker’s draft is a negotiable instrument drawn by a bank on its overseas branch or its correspondent bank abroad ordering the latter to pay on demand the stated amount to the holder of the draft.