Stamets@lemmy.dbzer0.com to People Twitter@sh.itjust.works · 7 days agoOver half a week. I hate.lemmy.dbzer0.comimagemessage-square69linkfedilinkarrow-up1905arrow-down118
arrow-up1887arrow-down1imageOver half a week. I hate.lemmy.dbzer0.comStamets@lemmy.dbzer0.com to People Twitter@sh.itjust.works · 7 days agomessage-square69linkfedilink
minus-squareEarthwormjim91@lemmy.worldlinkfedilinkEnglisharrow-up7arrow-down3·7 days agoBut it’s the same thing. The banks just front the money essentially. The actual transaction doesn’t clear until later.
minus-squaretrxxruraxvr@lemmy.worldlinkfedilinkarrow-up12arrow-down1·7 days agoThen they can do that the other way as well
minus-squaretimochka@lemmy.ziplinkfedilinkarrow-up1·6 days agoNope. SEPA SCT clears in 1 day. SEPA SCT-Inst (already mandatory in Euro area, mandatory in rest of SEPA area from next year) clears in 10 seconds.
minus-squarestate_electrician@discuss.tchncs.delinkfedilinkarrow-up3·7 days agoYou got any source for that? From what I read they settle it immediately.
minus-squareDarkonion@lemmy.worldlinkfedilinkarrow-up3·7 days agoSeems like a good job for a bank, and something reasonable they could do in other countries too.
But it’s the same thing. The banks just front the money essentially. The actual transaction doesn’t clear until later.
Then they can do that the other way as well
If they use SEPA, it’s settled instantly.
Nope. SEPA SCT clears in 1 day. SEPA SCT-Inst (already mandatory in Euro area, mandatory in rest of SEPA area from next year) clears in 10 seconds.
You got any source for that? From what I read they settle it immediately.
Seems like a good job for a bank, and something reasonable they could do in other countries too.