Re: Yet again: Useless bank!
Reg. Blank wrote:
>
> My rant on Shittybank; I asked them to send Korean Won to Korea.
> Filled out some forms, waited some 15 minutes. Turned out that
> the Shitty-very-international-bank coudn't send Won to Korea!
Korea hasn't got the legislation in place to allow netting of
mutual forex obligations. I can understand that a bank operating
in Japan might thus be unwilling to shoulder the Herstatt risk
if their business with Korea isn't that important.
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