D-2-9- Telex transfer

2-9-1- Telex transfer: definition

The exporter is credited when the importer authorizes the bank Telex transfer.

2-9-2- Advantages of the telex transfer

The advantages of the telex transfer within the scope of an international transaction:
  • ease of implementation,
  • price,
  • brief processing time.

2-9-3- Drawbacks of the telex transfer

One drawback of the telex transfer is that exporter is not assured of being credited after sending goods. The importer can be debited without having received the goods There is little recourse, but it is still faster than the bank transfer using regular mail.