What do all these banks have in common?!

What do all these banks have in common?!

Posted in the Banking Forum

Since: Jul 11

Location hidden

#1 Aug 2, 2012
What do all these banks have in common?

I am only listing the top 20 banks in the world.

Here they are, listed by rank:

1) Deutsche Bank Germany
2) Mitsubishi UFJ Financial Group Japan
3) HSBC Holdings UK
4) Industrial & Commercial Bank of China
5) BNP Paribas France
6) Credit Agricole Group France
7) Barclays PLC UK
8) Japan Post Bank Japan
9) JPMorgan Chase & Co. USA
10) Royal Bank of Scotland Group UK
11) Bank of America USA
12) China Construction Bank China
13) Bank of China
14) Mizuho Financial Group Japan
15) Agricultural Bank of China
16) Citigroup Inc USA
17) Sumitomo Mitsui Financial Group Japan
18) Banco Santander Spain
19) ING Group Netherlands
20) Societe Generale France

Answer: All of them have a rating by Moody's, Standard & Poor and Fitch.

Answer: None of them use KTT system. Note: There is a huge difference between "KEY TESTED TELEX" and "Key Total Treasury". Don't get confused.

Answer: These banks will deal with each other. Because they are classified as "Same level".

Therefore, if your bank is still using the "KTT system" that means this:(a)The bank does not have a rating by the above credit risk monitoring entities.(b) For a bribe, these poor banks will cheat anyone and will take your money knowing fully well that they are providing you with a service unacceptable to the rest of the world. And (c) None of these low income banks can guarantee and back a transaction above $1m USD.

Wake-up and smell the coffee.
Raylow

Singapore, Singapore

#2 Aug 4, 2012
David Cheever wrote:
What do all these banks have in common?
I am only listing the top 20 banks in the world.
Here they are, listed by rank:
1) Deutsche Bank Germany
2) Mitsubishi UFJ Financial Group Japan
3) HSBC Holdings UK
4) Industrial & Commercial Bank of China
5) BNP Paribas France
6) Credit Agricole Group France
7) Barclays PLC UK
8) Japan Post Bank Japan
9) JPMorgan Chase & Co. USA
10) Royal Bank of Scotland Group UK
11) Bank of America USA
12) China Construction Bank China
13) Bank of China
14) Mizuho Financial Group Japan
15) Agricultural Bank of China
16) Citigroup Inc USA
17) Sumitomo Mitsui Financial Group Japan
18) Banco Santander Spain
19) ING Group Netherlands
20) Societe Generale France
Answer: All of them have a rating by Moody's, Standard & Poor and Fitch.
Answer: None of them use KTT system. Note: There is a huge difference between "KEY TESTED TELEX" and "Key Total Treasury". Don't get confused.
Answer: These banks will deal with each other. Because they are classified as "Same level".
Therefore, if your bank is still using the "KTT system" that means this:(a)The bank does not have a rating by the above credit risk monitoring entities.(b) For a bribe, these poor banks will cheat anyone and will take your money knowing fully well that they are providing you with a service unacceptable to the rest of the world. And (c) None of these low income banks can guarantee and back a transaction above $1m USD.
Wake-up and smell the coffee.
What a load of bull from this forum's most prolific poster.
The Swift system or telex has nothing to do with ratings. Moody's, S & P and Fitch rate thousands of banks in the world. Just look up their websites.
The USA has about 6,500 banks, of which less than 1,000 are members of the Swift system. In the world, only about 9,000 banks are members of Swift.
Non-members of Swift still use older methods of communication such as tested telex. There is no such thing called KTT, it is a brokers' term. Banks call it tested telex or coded telex.
The 20 banks in the above list have hundreds of correspondents and agent banks around the world and do business with them, big and small, either through Swift or telex.
Hello Sirs

Thailand

#3 Aug 4, 2012
David Cheever wrote: those are alright except he is drinking too much overnight coffee why dont you try to have some smell nice mixture of coffee bean and cooked it with your own taste... like wise french method. then it will give you awake and know what does it means S & P..... cheer and have a good and nice week end for all..........
Wake up Cheever//////////
turn your brain washed first
Hello Sirs

Thailand

#4 Aug 4, 2012
One more thing in Common.. most of the banks /organization. some are clean and clear on their jobs but some are utilized their authorities to abuse and robbed your money.. i.e HSBC in India and others ...

Since: Jul 11

Location hidden

#5 Aug 5, 2012
Ignorant fool. Who said Moody', S&P or Fitch rate their ratings based on SWIFT membership? Don't put words in my mouth, fool!
The rating system is based in many variable and factors. Which I know for sure you won't understand. Your reading skills are below "imbecile".
Raylow wrote:
<quoted text>
What a load of bull from this forum's most prolific poster.
The Swift system or telex has nothing to do with ratings. Moody's, S & P and Fitch rate thousands of banks in the world. Just look up their websites.
The USA has about 6,500 banks, of which less than 1,000 are members of the Swift system. In the world, only about 9,000 banks are members of Swift.
Non-members of Swift still use older methods of communication such as tested telex. There is no such thing called KTT, it is a brokers' term. Banks call it tested telex or coded telex.
The 20 banks in the above list have hundreds of correspondents and agent banks around the world and do business with them, big and small, either through Swift or telex.

Since: Jul 11

Location hidden

#6 Aug 5, 2012
Just like I thought. The topic is beyond your level of understanding. Your banking knowledge is corrupted by all the bullshit tales from joker brokers,who have never closed a deal in their lives; you have read and believed their stories to be the truth. Which is fine with me. It makes it easier for the real and educated brokers to land the contract and laugh all the way to their banks.

You wonder each day how you are going to feed your family and the smart and educated brokers wonder where they will spend their money next. Two different worlds.
Raylow

Singapore, Singapore

#7 Aug 5, 2012
There is nothing wrong with my reading skills.

In your original post you said that what these 20 banks have in common is 1) they are rated and 2) they don't use the KTT system, meaning they only use Swift.

I merely pointed out that there is no link between being rated and Swift/KTT.

All the 20 banks not only deal with each other but with hundreds of agent banks, including the little ones in darkest Africa who cannot afford to subscribe to the Swift system but still use tested telex.
My5centsWorth

Ã…kersberga, Sweden

#8 Aug 6, 2012
A brief list of banks still using Telex as of this day. Telex codes for those who want to know.

1. HSBC, HONG KONG
TELEX: 73201 HKBG HX

2. HANG SENG BANK
TELEX: 73311 73323

3. CITIBANK N.A., NEW YORK
TELEX: 669720

CITIBANK NA, LONDON, England
TELEX: 882151

CITICORP NORTH AMERICAN, TAMPA, FLORIDA,
Telex 699720 CITIBK UW

4. DZ BANK, FRANFURT, GERMANY
TELEX: 41299 DG D

5. DANSKE BANK, COPENHAGEN, DENMARK
TELEX: 27000 DABA DK

6. ABN AMRO, AMSTERDAN, NL
TELEX: 11417 ABAM NL,

7. NORDEA BANK, STOCKHOLM, SWEDEN
TELEX: 12399 NB BANKS

8. DEUTSCHE GENOSSENSCHAFT BANK
TELEX: 4122945

9. ING BANK, AMSTERDAM, NL
TELEX: 1140
Huh

Los Angeles, CA

#9 Aug 6, 2012
My5centsWorth wrote:
A brief list of banks still using Telex as of this day. Telex codes for those who want to know.
1. HSBC, HONG KONG
TELEX: 73201 HKBG HX
2. HANG SENG BANK
TELEX: 73311 73323
3. CITIBANK N.A., NEW YORK
TELEX: 669720
CITIBANK NA, LONDON, England
TELEX: 882151
CITICORP NORTH AMERICAN, TAMPA, FLORIDA,
Telex 699720 CITIBK UW
4. DZ BANK, FRANFURT, GERMANY
TELEX: 41299 DG D
5. DANSKE BANK, COPENHAGEN, DENMARK
TELEX: 27000 DABA DK
6. ABN AMRO, AMSTERDAN, NL
TELEX: 11417 ABAM NL,
7. NORDEA BANK, STOCKHOLM, SWEDEN
TELEX: 12399 NB BANKS
8. DEUTSCHE GENOSSENSCHAFT BANK
TELEX: 4122945
9. ING BANK, AMSTERDAM, NL
TELEX: 1140
OMG! You people are simply too dumb.

Banks DO NOT CONDUCT business using the TELEX system ANYMORE! I don't care if a bank located in Ghana claims to have a client with $10m and want to process a bank guarantee with HSBC.

HSBC will not process the alleged BG through a system found in their archives. The bank (HSBC) will simply decline and that is all.

The banks mentioned here, with the TELEX codes, MAY HAVE HAD this system ACTIVATED 15 years ago. But, I bet you your lunch money that they do not use it to CONDUCT the type of business, you, jokers, claim to be possible NOW DAYS!

Jeezz!!
My5centsWorth

France

#10 Aug 7, 2012
Huh,

Who's talking about BG ? You just cannot compare a subject on Telex codes with BG transaction. 2 different issues.

Even with this difference, when have you checked with your bank security department ?

Any and all security dealing banks have 2 Telex numbers ... 1) General, and 2) Dealer

Leaves your email address here and I will mail you the respective Telex codes for all major banks that are current and still in use for General, Security or both.

The joke is on you for claiming otherwise.
Bill

Hanoi, Vietnam

#12 Nov 2, 2012
Dear Mr,I want you talk about KTT fou us,we have anyworks donot understand with it. Mt103 by Key test telex. This my mail:[email protected] e you send to me.Thank very
LEO

Naples, FL

#18 Apr 25, 2013
PLEASE forward to me a list of all the banks who accept KTT WIRE TRANSFER.

THANKS

Since: Nov 12

Location hidden

#19 Apr 26, 2013
Leo....easiets job of the day...here is the list

Good luck!

PS, the list is EMPTY.... Some banks do have telex machines for international trade transactions, because some freight forwarding agencies in third world countries still use such communications....BUT no way are Key Codes even exchanged any more....therefore Key Coded Telexes are not used!
vanouphanh

Lao People's Democratic Republic

#20 May 3, 2013
i need report very mounth

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