Telegraphic Transfer: What a TT Payment Is and How It Works
A telegraphic transfer is a bank-to-bank payment that is not conditional. What it contains, who bears the charges and when to use it instead of a credit.
Bill of Exchange: What It Is, How It Works and Who Pays
A bill of exchange is a written order to pay, not a record of shipment. What it contains, who the parties are, and how it differs from a bill of lading.
Standby Letter of Credit: What It Is and How It Differs From a Commercial Letter of Credit
Standby letter of credit explained: what it secures, how it differs from a commercial letter of credit, how a drawing works, and which rules apply.