1. Settlement of foreign exchange: exchange of local currency into foreign currency, or exchange of foreign currency into local currency are settlement of foreign exchange, and cash and direct transfer are settlement of foreign exchange.
2. Draft: The act of sending all the main original shipping documents and letters of credit or T/T (by telegraphic transfer) to the bank for examination and obtaining payment or remittance is called draft;
3. Normal collection in foreign trade does not refer to the method of payment, but is synonymous with signing a contract, or it is necessary to specify the method of collection and payment;