European bank with USD correspondent accounts

[reesek]

this is slowly but surely becoming a rare thing, only available to big league banks (systemically important)

Please post a name of a tier3-tier4 bank that has the subj

requirements: IBAN + direct USD correspondent (not through intermediary aka Raifaisen etc)

 

[DGTLOTC]

You know a tier 3-4 bank isn’t likely to have a direct correspondent USD account ?

there are roughly 10-12 banks that clear their own USD- what are you trying to place ?

 

[reesek]

thats what we a looking for, right?
for example bank frick has usd through cs only, which is not a direct account

 

[DGTLOTC]

Yes and my questions was what kind of a client are you searching for this solution for ?

banks clearing their own USD aren’t going to offer the accounts to any old joe bloggs they’ll want strong KYC clients with large volume

also what is the issue you have with banks clearing through other USD banks ?

 

[reesek]

I gave up with dollars a while ago but a lot of people are still wasting significant resources trying to transact in them.
Do you know any examples of small banks having direct USD? Looks like there are literally none

 

[DGTLOTC]

you are right in your consensus,USD accounts is what we see the highest demand for as they are so incredibly hard to get these days

I think you’d really struggle finding a small bank with a direct corresponding relationship and in any case there are so many small banks in the world trying to find them is another question

 

[Marie Manila]

I gave up with dollars a while ago but a lot of people are still wasting significant resources trying to transact in them.
Do you know any examples of small banks having direct USD? Looks like there are literally none

EPB!