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Import Settlement
Outward remittance

The bank is entrusted by the remitter to remit a certain amount of money to the designated payee according to the requirements.

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Import letter of credit

A written undertaking to a beneficiary for a specified amount of money payable within a specified period of time against specified documents.

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Import collection

On behalf of the exporter's bank, present the documents to the drawee for payment or acceptance.

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