/biz/ - Business & Finance

>>56120456
A per transaction fee eh? Like say, a ONE TIME FEE line item in their revenue kek

It’s a moot point altogether though, what you’re reading that says 3-5% is slightly less stupid retards conflating bank fees with SWIFT network fees. “3-5% FX fee” is a fee that will be charged at your correspondent bank who receives the MT210 and MT202 in different currencies and puts in a market buy order to complete the trade, per their service agreement. To tack this back onto the original point, when you send an MT504 to your custodian, the DTCC clearing fees will not be charged to that swift transaction they will be charged by your custodian to you per your service agreement.

Swift revenue, actual messaging revenue, is extremely low because it turns out sending glorified automated mailing messages in a standardized format is actually cheap as fuck.