Remittance reverse remittance Transference of instruments results in oversea transference of funds Transference of instruments falls into two kinds. Remittance(顺汇,汇付法) payer or debtor gives funds to bank on his own initiative, entrusting the bank to use instruments transferring funds to payee or creditor.Remittance & Reverse Remittance • Transference of instruments results in oversea transference of funds. • Transference of instruments falls into two kinds: • Remittance（顺汇,汇付法） payer or debtor gives funds to bank on his own initiative, entrusting the bank to use instruments transferring funds to payee or creditor