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Is that correct? My understanding is that the SWIFT transfer will go through a US correspondent bank in this case.
by thresh 1y ago
Is that correct? My understanding is that the SWIFT transfer will go through a US correspondent bank in this case.
- deleted 1y ago[deleted]
- sgjohnson 1y agoNot necessarily. A correspondent bank is simply a bank where the recipient bank has an account in the specified currency. For domestic currencies used only in certain countries, that bank will almost always be in that country. For currencies used globally - not necessarily.