An importer in Lagos needs to make an urgent financial remittance to a foreign supplier in Tokyo. To achieve the fastest direct electronic transfer of funds between commercial banks into the supplier's account, which means of payment should the importer request?
- Telegraphic TransferCevap
- BBill of Lading
- CLetter of Credit
- DConsular Invoice
Cevap
Telegraphic Transfer is the correct payment instrument for rapid electronic interbank funds settlement in foreign trade.
Telegraphic Transfer (T/T), often conducted via interbank communication networks like SWIFT, allows banks to transfer funds electronically and almost instantaneously across international boundaries, meeting the importer's need for speed.
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Anahtar Kavram
Electronic funds transfer mechanisms in foreign trade