Conversation

@tier10k

Jan 13, 2021

Replying to

@RiskIndemnity

@SBF_Alameda

and

@SantiagoAuFund

Was this not obvious? Of course deltec use correspondent banks

Replying to

and

This is the question we have been trying to get answered definitively. Where are they wiring the money...to Deltec directly or to a correspondent bank.

Sh*tcoin of Chicanery

Replying to

and

You dont wire to correspondent bank, you write to beneficiary bank. If they dont wire to Deltec, they are wiring it *someplace else*.

Replying to

and

But the funds could be stored on Deltec's accounts at the correspondend bank (via nostro/vostro). Then there would be no inflow into the Bahamas. Please correct me if I'm wrong

Sh*tcoin of Chicanery

Replying to

and

No that's incorrect. The wire contains the senders bank and the receiving bank details. Additionally (cross border) the sender & receiver *banks* correspondent banks (and any intermediate bank) details are included. How banks reconcile it internally is not relevent.

Replying to

and

So the funds cannot be deposited (e.g. for Deltec) at the correspondent bank and in any case they have to flow to the Bahamas? So we would have to see them in the CB publishings?

Replying to

and

is correct above -- there are such things as nostro/vostro accts that work as they described

Sh*tcoin of Chicanery

Replying to

"There are such things as nostro/vestro accts" Yes, there are. There are also debits, credits, double entry system, btr reporting, suspense accounts - many terms are used in banking, all of which are equally irrelevant to the question of where you sent the money to.

Replying to

and

not all are equally irrelevant :P

Sh*tcoin of Chicanery

Replying to

It derails the thread. Earlier, what did you mean by "other institutes"? I take it that means the receiver account for the transfers was *not* in Deltec (DBTLBSNS)