Cheapskate attention monkey.
hi, is there anything meaningful that u find in this thread?
Or i should stop my beer-blogging here?
I let you decide
Cheapskate attention monkey.
Thank you Rusty bro for giving AsiaDK his first repute points in this forum.
Thank you.
Drinking with ShentonDK tonight.
He said some financial institutions in Southeast Asia briefly ran out of USD in the last two days. Some incoming USD remittance (meant for their clients) have to be held in their banks' capital reserves/settlement account over this weekend and wait till next Tuesday (after US Monday hours) before being released into their clients account.
In short, the money came but the banks kapoo it to ease their USD shortage over the weekend. When customers called the banks, they give various nonsense to blame here and there (e.g. Compliance delays, etc)
Sounds like a real prelude of another Asian Financial Crisis like 1997. You will be shocked if I tell you that this hiccup affected the bigger banks in Southeast Asia, not the smaller ones. Short-term mess expected, watch SOR for more clues.
published a few hours after i reached home. Looks like ShentonDK is right.
http://www.zerohedge.com/news/2016-12-16/central-banker-sees-scary-2017
Update for this week: As expected, there are minor settlement disruptions in sg offices of a bank and major moneychanger. The local bank withheld some customers' incoming funds and not released into client's account citing compliance issue; actual reason being temporary USD shortage in Southeast Asia. A major local moneychanger got affected by this bank and postponed fund settlement with their customers by an additional day. Stay tuned!
USD Shortage is over in southeast Asia after US resumes settlement for remittance last night. However, some China businesses had difficulty remitting to Southeast Asia on the first two days of this week. It is certain that the funds did not leave china as the China banks can't produce a MT103 form to proof remittance.
Not sure if these incidents are related.
She asked me why I went drinking again
- because I wished she knew that I was unhappy
Drinking with ShentonDK tonight.
He said some financial institutions in Southeast Asia briefly ran out of USD in the last two days. Some incoming USD remittance (meant for their clients) have to be held in their banks' capital reserves/settlement account over this weekend and wait till next Tuesday (after US Monday hours) before being released into their clients account.
In short, the money came but the banks kapoo it to ease their USD shortage over the weekend. When customers called the banks, they give various nonsense to blame here and there (e.g. Compliance delays, etc)
Sounds like a real prelude of another Asian Financial Crisis like 1997. You will be shocked if I tell you that this hiccup affected the bigger banks in Southeast Asia, not the smaller ones. Short-term mess expected, watch SOR for more clues.
hahaha, brother, don't stress over this if you can't make up your mind. Come join me now
good cheese & salad, $8 Riesling and cougars near my table
Then you should ask her why she went shopping?