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Topic

Correspondent Banking

Banking arrangement where one bank clears payments and FX for another in markets it can't reach directly, using nostro/vostro accounts.

Current stories

investConfirmed3 publishers

Singapore Gulf Bank adds weekend and holiday dollar transfers through BNY's 24/7 service

Singapore Gulf Bank adopted BNY's 24/7 USD Book Transfers on Oct. 12, letting qualifying dollar transfers settle on weekends and U.S. public holidays. SGB has not disclosed fees, limits or settlement times, so treasurers cannot yet price it.

Perspective Coverage

3 publishers
Builder
Builder 18%
Operator
Operator 42%
Investor
Investor 40%

Reality

Evidence40
Adoption15
Hype gap+25
Incentives55
Confidence60
investOne report1 publisher

Two named banks account for $2.9bn of the $6.9bn A7 moved through SWIFT-connected accounts

Leaked internal files from the Promsvyazbank-backed payments group describe roughly 100 front companies in four jurisdictions opening accounts at banks still on the network, with counterfeit invoices produced whenever compliance teams asked questions.

Reality

Evidence40
Adoption55
Hype gap+12
Incentives55
Confidence40
investOne report1 publisher

Cutting A7A5's route into liquid stablecoins took its daily volume down 96%

Leaked files put $6.9 billion of the Kremlin-linked A7 network's money through correspondent banks, while TRM counts $166 billion of A7-linked crypto volume. After the sanctions, the daily turnover of its ruble token fell 96%.

Reality

Evidence58
Adoption61
Hype gap+14
Incentives72
Confidence52
investOne report1 publisher

Model the correspondent line as a decaying annuity, not fixed plumbing

Capgemini puts global correspondent-adjacent payments revenue near $230 billion. Two of its four components are paid for time and currency position, which is what faster settlement removes.

Reality

Evidence36
Adoption24
Hype gap+22
Incentives68
Confidence40