Telegraphic Transfer (T/T): At the request of the buyer, the local bank sends a trust deed for payment by cable to a respondent bank at the seller’s end and entrusts him to pay money to the seller.

Inside, bank representatives were offering free T-shirts and other merchandise to those who applied for credit CARDS and other banking products.

Negotiating bank may claim reimbursement by T/T on the Bank of China New York branch certifying that the credit terms have been complied with。