Payment Method Demand Draft in SAP

Dear SAP Experts,

I want to confirm about payment methods in general, I mean, I am configuring the listed below payment methods, please correct me if I am wrong conceptually.

1.Demand Draft(should i configure it as cheque)

2.Foreign Transfer ( should i configure it as bank transfer)

3.Domestic transfer( is it chq or bank transfer)

4.Letter of credit

Thanks in advance for your prompt reply.

Regards

Muhammad Yousuf