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0 pointsreese_john18h ago0 comments

I don’t even understand what you mean by “banks had to talk to each other” and why you are referring to TED in the past tense when it’s still the largest settlement method by BRL amount

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vitorgrs14h ago

Because TED is not the only way to send money now...? It's basically legacy, although yes, still used. Very rare you'll see Person to person/business using TED. Basically business to person...

And yes, literally banks had to "talk" with each other. Which is why it was paid and slower in first place and didn't worked 24/7.

reese_johnOP10h ago

I suggest you go read the SFN messaging manuals from BCB if you truly want to understand how interbank communication works. It is very well documented.

You clearly don’t know what you are talking about since you are conflating the STR (transfer reserve system) with TED (one of the many settlement methods in STR)

vitorgrs8h ago

Obviously there's several other ways to send money. I'm talking about the popular ones... The others are niche-systems.

And yes, in TED only the final settlement were done by BCB.

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