The operations of a telegraphic transfer is just the same as the mail transfer.

The principal is usually the importer.

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If the instructions are D/P the importer’s bank will release the documents to the importer only against payment.

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Among TT，MT and DD，TT is the cheapest method of payment.

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In the case of documents payable at sight the presenting bank must make presentation for payment without delay.

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Mail transfers are sent to the correspondent bank，unless otherwise instructed by clients （）．

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Which bills aren’t required endorsement when transferred in the following items？下列哪些票据在转让时不需要背书？（）

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In the case of MT，the remitting bank issues a draft to its customer，and directs its foreign branch or correspondent by mail to make the payment to the beneficiary.

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“Pay to ABC CO. or order the sum of one thousand US dollars provided that the goods they supply are up to the standard.”该汇票是仍是有效汇票。

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Goods should not be dispatched direct to the address of a bank or consigned to a bank without prior agreement on the part of that bank.

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