TELEGRAPHIC TRANSFER(T/T)

Telegraphic Transfer simply is an instrument in which Customers (buyer, importer, borrower) order HDBank to deduct fixed amount of money from their accounts to transfer to the beneficiaries’s accounts (seller, exporter, lender) in a certain place and at a certain time.

Benefits:
o Simple procedures and clear instructions
o Quick, enthusiastic and accurate service.
o Reasonable and low fee
o Foreign currencies are always available for Customer’s transferring demands.
o Keep customer’s transaction information confidentially
o Customer will be consulted, and instructed to complete required documents.

Features:
o Customer type : domestic or foreign companies operating legally in Vietnam and having demands of T/T
o Currencies: USD, EUR and others.

Document requirements:
o Documents required before receiving imported goods/services: 
- Telegraphic Transfer Application Form (HDBank’s form)
- Import license/quotas (for goods that must be required)
- Foreign trade contract 
- Foreign Currencies purchasing Slip (in case Customer has not enough foreign currency to pay)
- Pledge to supplement a shortage of documents after receiving imported goods

o Documents required after receiving imported goods: 
- Telegraphic Transfer Application Form (HDBank’s form)
- Foreign trade contract
- Custom declaration for imported goods form
- Invoice
- Import license/quotas ( for goods that must be required)
- Bill of lading