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  "S2 Terminal" by (Anonymous) - 1/30/18

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Ssmith
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PostSubject: "S2 Terminal" by (Anonymous) - 1/30/18   Wed Jan 31, 2018 8:58 am

I have been watching the Drama that has been taking place on the IDC. While it is interesting there are something's that need to be said:

1. There is no S2 Terminal anywhere in any bank of any kind.

2. S2 refers to the Trust which is a 2002-S2 it will give you the credit rating of the trust.

3. RTGS – Means

Real time gross settlement is the continuous process of settling payments on an individual order basis without netting debits with credits across the books of a central bank (e.g. bundling transactions). Once completed, real time gross settlement payments are final and irrevocable.

4. It is a ledger to ledger transfer- it is accounting plain and simple.

5. The Trustee who owns the trust is the one that starts the process.

So lets say that an off ledger trust account is in Credit Suisse and the Trustee wants to inter-bank transfer funds to another bank like Citi Bank the trustee notifies the bank officer that they want to transfer to another bank like Citi Bank using RTGS, the bank then knows that this is a ledger to ledger transfer so thru they notify the other bank that an off ledger transfer is being made to account and then the ledger transfer is credited to that account in seconds. That only takes place at the request of the Trustee because they have to push it through. A receiving bank can not start a ledger to ledger transfer if the transaction does not start with them.

6. So unless the trustee of the account does not start the process at the bank where the off ledger account is kept nothing happens.

So for someone to say that they have the codes unless that person that has the codes starts the whole process then it is just a waste of time because nothing is going to happen.

7. So someone claiming to have the codes knows full will that unless they insert them at the bank that the off ledger accounts are housed that nothing is going to happen and it is just a mental exercise and a waste of time.

anonymous
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"S2 Terminal" by (Anonymous) - 1/30/18
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