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"Response Regarding RTGS/S2" - Kim Possible Intel Update 1/30/18
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"Response Regarding RTGS/S2" - Kim Possible Intel Update 1/30/18
by Ssmith Wed Jan 31, 2018 9:00 am
https://www.dinardaily.net/t70657-s2-terminal-by-anonymous-1-30-18#327568
S2 is also called "secondary swift", "swift 2". It used to be listed on the Treasury and Federal Reserve websites.
It is a government to government system of transfer. Further some banks which provide government services also have them. Such as JPM for example as it handles EBT (food assistance cards) for Government. Also any bank which is the correspondent institution for a central bank, such as, Barclays, CITI, Bank of New York, Wells Fargo also have them. Central banks in over 149 countries have them. Has nothing what so ever to do with a "trust validation" and I have used these terminals in South Africa, Angola, Russia, to name a few. It is valid, it does exist. CIPS system is also a transfer system which operates within China and some banks outside of China, it functions with both private banks and/or government transfers as long as the receiving institution has this software also or a compatible system.
RTGS is a "Real Time Gross Settlement System". ALL banks which have branches cross-jurisdiction have these systems. Also card processing for Visa, Mastercard and American Express as their clients use their cards "anywhere in the world". Since banking systems do not talk to each other cross-jurisdiction they use a settlement system which connects them. As an example, if you have an account at HSBC in New York, your account is not visible in HSBC HK. However, bankers in HK can communicate with NYC via an RTGS system. Larger banks have their own proprietary software that does this, smaller ones buy the software from about 34 providers world-wide.
Hope this explains it to you. May I refer you to the person who posted on here an excellent "user friendly" version of this last week complete with diagrams.
-Kim "Possible"
S2 is also called "secondary swift", "swift 2". It used to be listed on the Treasury and Federal Reserve websites.
It is a government to government system of transfer. Further some banks which provide government services also have them. Such as JPM for example as it handles EBT (food assistance cards) for Government. Also any bank which is the correspondent institution for a central bank, such as, Barclays, CITI, Bank of New York, Wells Fargo also have them. Central banks in over 149 countries have them. Has nothing what so ever to do with a "trust validation" and I have used these terminals in South Africa, Angola, Russia, to name a few. It is valid, it does exist. CIPS system is also a transfer system which operates within China and some banks outside of China, it functions with both private banks and/or government transfers as long as the receiving institution has this software also or a compatible system.
RTGS is a "Real Time Gross Settlement System". ALL banks which have branches cross-jurisdiction have these systems. Also card processing for Visa, Mastercard and American Express as their clients use their cards "anywhere in the world". Since banking systems do not talk to each other cross-jurisdiction they use a settlement system which connects them. As an example, if you have an account at HSBC in New York, your account is not visible in HSBC HK. However, bankers in HK can communicate with NYC via an RTGS system. Larger banks have their own proprietary software that does this, smaller ones buy the software from about 34 providers world-wide.
Hope this explains it to you. May I refer you to the person who posted on here an excellent "user friendly" version of this last week complete with diagrams.
-Kim "Possible"
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Re: "Response Regarding RTGS/S2" - Kim Possible Intel Update 1/30/18
by Kevind53 Wed Jan 31, 2018 9:28 pm
And.......
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