answersLogoWhite

0


Want this question answered?

Be notified when an answer is posted

Add your answer:

Earn +20 pts
Q: What is TT and BILL in foreign exchange parlance?
Write your answer...
Submit
Still have questions?
magnify glass
imp
Related questions

What does it mean by buying TT or OD or selling TT or OD in foreign exchange?

TT - telegraphic transfer OD - on demand, i.e. currency notes Buying TT or OD = bank buying from you Selling TT or OD = you buying from bank


What are the functions of foreign exchange department in bank?

Foriegn Exchange department in a bank has following functions: EXPORTS * Pre-shipment Advances * Post-shipment Advances * Export Guarantees * Advising/Confirming Letter of Credit * Facilitating project exports * Bills for collection IMPORTS * Opening letters of credit * Advance bills * Import loans and guarantees. EXCHANGE DEALINGS * Rate computation * Nostro/Vostro Accounts * Forward contracts * Derivatives * Exchange position and cover operations REMITTANCES * Issue of DD, MT, TT etc. * Encashment of cheques, DD, MT, TT etc. * Issue and encashment of travelers' cheques * Sale and encashment of foreign currency notes * Non-resident deposits STATISTICS * Submission of returns * Collection of credit information


What is the ticker symbol for Trane?

The ticker symbol for Trane is TT and it is traded on the New York Stock Exchange.


What is meant by payment term TT?

Payment term TT stands for Telegraphic Transfer, which is a method of payment where funds are transferred electronically from one bank account to another. TT payments are commonly used in international trade transactions as a secure and quick way to exchange funds.


Which car stores sell an Audi TT?

The following retailers sell the Audi TT: Audi Buyers, Sell My Prestige Car, Auto Trader, Exchange and Mart, Car Sales, Cars, Piston Heads, V Cars, AOL Autos.


What are the possible offspring outcome if parent 1 Tt crosses with parent 2 tt tt?

Tt, tt -- novanet :)


What are the possible offspring outcomes if parent 1 Tt crosses with parent 2 tt?

The possible offspring outcomes of this cross would be 50% Tt (heterozygous) and 50% tt (homozygous recessive).


What is marking up a bill?

changing or rewriting a bill by committees.


Reasons why selling TT rate is higher than buying TT rate?

TT Selling rates are always higher than the TT Buying rates as the difference between the two is the spread a bank keeps. This spread is kept to cover the exchange risk that the bank has as well as the charge to provide the service. In case of USD/INR if the rates quoted in the market is 56.01/02, it essentially means when we sell USD (we received from abroad) to a bank, the rate quoted will be 56.01 (minus) an exchange margin that the bank might keep. On the other hand, when we buy USD (we are to make payment to a party abroad) from a bank, the rate quoted will be 56.02 (plus) an exchange margin that the bank might keep. The exchange margin mentioned here may differ from client to client depending upon the relationship that the bank has with the client.


What is the multiple allele pattern of inheritance?

TT Tt tt


Bobtails in cats are recessive?

rather TT Tt tt


What is the phenotype for Tt x Tt?

Tt X Tt Statistically, 1 TT Homozygous dominant, expresses T. 2 Tt Heterozygous dominant, expresses T. 1 tt Homozygous recessive, expresses t.