Re: TT (Telegraphic Transfer), * bill etc. vs. LC (Letter of Credit) 13 replies,6951 views
#1
![[em19]](http://img.alibaba.com/images/eng/style/icon/emoticons_great.gif){kind=icon}
#2
TT (Telegraphic Transfer), * bill etc. vs. LC (Letter of Credit)
Posted 04 Mar 2008 18:06
Replying to [rajaram]:
Depending on the volume of your overall transactions, and the value of your custom, the frequency of the remittances, you may still be in a position to negotiate with your bank to reduce the fees.
Everything in life (and finance) is negotiable.![[em2]](http://img.alibaba.com/images/eng/style/icon/emoticons_laugh.gif)
I am unable to respond to your latest question, since the "reply" button is not visible. Just for info: the bank-to-bank transfer takes place the same day. Now it is for the remiiter's bank to send the TT, and the efficiency of the receiving bank - how fast it can respond to the credit in its Nostro account. (In one of my branches in India I used to pay within 2 hours of the credit being received in the US a/c). Shouldn't take more than 48 hours max. for others.
Depending on the volume of your overall transactions, and the value of your custom, the frequency of the remittances, you may still be in a position to negotiate with your bank to reduce the fees.
Everything in life (and finance) is negotiable.
I am unable to respond to your latest question, since the "reply" button is not visible. Just for info: the bank-to-bank transfer takes place the same day. Now it is for the remiiter's bank to send the TT, and the efficiency of the receiving bank - how fast it can respond to the credit in its Nostro account. (In one of my branches in India I used to pay within 2 hours of the credit being received in the US a/c). Shouldn't take more than 48 hours max. for others.
#3
Re: TT (Telegraphic Transfer), * bill etc. vs. LC (Letter of Credit)
Posted 06 Mar 2008 08:48
Replying to [Catalyst]: how many days will it take to transfer this amount.?
#4
Re: TT (Telegraphic Transfer), * bill etc. vs. LC (Letter of Credit)
Posted 06 Mar 2008 08:48
Replying to [Catalyst]: Catalystji , your information are helpfull , It took 5 days in this case.
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