ebanking: ebanking in modern time used to define those types of banking services that provides to manage your financial transactions is simple & very fast and practical, whether you’re on the move or at home.
1) Trade Payment-
- Cash in Advance
- Open Account (Most Widely used)
- Documentary Collection
- Documentary Credit
2) Trade Finance
Open account is followed by documentary collection and then documentary credit.
Cash in advance most preferable to exporter.