Correspondent banking by currency

Every currency clears differently. Some have wide direct participation; others funnel through a handful of institutions. These pages summarise each one — the clearing system, how many banks publish instructions, and how concentrated it is.

Currency	Clears through	Banks	Correspondents	Top 3 share
USDUS dollar	Fedwire and CHIPS	7,124	1,662	42%
EUReuro	TARGET2 and EURO1	7,062	1,477	23%
GBPpound sterling	CHAPS	5,764	774	24%
JPYJapanese yen	BOJ-NET and FXYCS	4,797	577	35%
CHFSwiss franc	SIC	4,372	632	33%
CADCanadian dollar	Lynx	4,225	517	27%
AUDAustralian dollar	RITS	4,069	535	30%
HKDHong Kong dollar	CHATS	3,338	490	24%
CNYChinese yuan	CIPS	3,264	573	18%
SEKSwedish krona	RIX	3,198	418	32%
SGDSingapore dollar	MEPS+	3,123	400	28%
NOKNorwegian krone	NBO	3,016	381	40%
DKKDanish krone	Kronos2	2,942	376	34%
NZDNew Zealand dollar	ESAS	2,764	354	37%
ZARSouth African rand	SAMOS	2,592	320	32%
AEDUAE dirham	UAEFTS	2,248	342	24%
PLNPLN	—	2,197	296	20%
TRYTRY	—	1,999	278	15%
CZKCZK	—	1,997	266	20%
THBTHB	—	1,933	240	31%
HUFHUF	—	1,903	255	18%
SARSAR	—	1,633	250	33%
MXNMXN	—	1,615	238	25%
RONRON	—	1,375	194	20%
ILSILS	—	1,263	168	32%
INRINR	—	1,139	176	28%
KWDKWD	—	1,123	155	43%
RUBRUB	—	1,085	286	20%
QARQAR	—	1,033	138	36%
MADMAD	—	886	117	34%
BHDBHD	—	835	111	36%
BGNBGN	—	611	102	33%
TNDTND	—	608	103	33%
OMROMR	—	595	83	39%
JODJOD	—	556	73	48%
IDRIDR	—	537	99	35%
PHPPHP	—	512	96	38%
KESKES	—	499	76	33%
KRWKRW	—	479	78	41%
ISKISK	—	446	89	40%
MYRMYR	—	418	86	29%
RSDRSD	—	378	71	39%
LKRLKR	—	326	57	44%
PKRPKR	—	309	49	61%
XAUXAU	—	288	62	52%
BWPBWP	—	280	32	53%
MURMUR	—	268	45	44%
XAGXAG	—	228	44	56%
TZSTZS	—	224	35	55%
KZTKZT	—	206	61	46%
EGPEGP	—	195	56	30%
UGXUGX	—	179	42	40%
XPTXPT	—	172	34	55%
XPDXPD	—	169	33	56%
GHSGHS	—	143	30	50%
XOFXOF	—	142	94	29%
NGNNGN	—	133	25	49%
ZMWZMW	—	131	29	52%
FJDFJD	—	119	22	57%
BDTBDT	—	112	47	51%
XAFXAF	—	98	53	36%
BBDBBD	—	96	20	53%
VNDVND	—	96	22	71%
TTDTTD	—	94	21	52%
PENPEN	—	84	24	43%
XCDXCD	—	80	21	57%
NADNAD	—	78	15	68%
JMDJMD	—	74	19	55%
DZDDZD	—	66	28	41%
BYNBYN	—	63	27	29%
MOPMOP	—	60	24	45%
PGKPGK	—	59	12	69%
BNDBND	—	57	16	60%
BAMBAM	—	56	20	54%
VUVVUV	—	56	12	70%
MWKMWK	—	54	14	78%
GELGEL	—	49	12	92%
SZLSZL	—	49	14	71%
ARSARS	—	47	36	38%
BRLBRL	—	47	29	49%
CLPCLP	—	46	20	37%
TWDTWD	—	43	21	49%
AMDAMD	—	42	19	55%
BSDBSD	—	42	15	62%
RWFRWF	—	42	15	52%
KYDKYD	—	40	9	85%
SBDSBD	—	40	11	73%
UAHUAH	—	38	27	39%
WSTWST	—	38	9	79%
TOPTOP	—	36	9	81%
LBPLBP	—	35	23	60%
AZNAZN	—	31	11	55%
XPFXPF	—	30	10	63%
KGSKGS	—	29	11	55%
LSLLSL	—	29	6	97%
ALLALL	—	28	12	61%
NPRNPR	—	27	16	48%
TJSTJS	—	25	12	72%
BMDBMD	—	23	9	65%
UZSUZS	—	23	16	48%
SSPSSP	—	22	9	73%
COPCOP	—	20	12	50%
MKDMKD	—	20	11	55%
MZNMZN	—	20	14	55%
SCRSCR	—	20	7	75%
MDLMDL	—	18	8	67%
DOPDOP	—	16	11	50%
MMKMMK	—	16	14	81%
UYUUYU	—	16	12	56%
KHRKHR	—	15	10	53%
BIFBIF	—	14	9	57%
IQDIQD	—	14	15	36%
LYDLYD	—	13	13	62%
GYDGYD	—	12	3	100%
CRCCRC	—	11	9	45%
ETBETB	—	11	7	73%
GMDGMD	—	11	5	82%
GNFGNF	—	11	9	55%
MGAMGA	—	11	5	91%
CDFCDF	—	10	7	70%
GTQGTQ	—	10	6	70%
AWGAWG	—	9	6	67%
DJFDJF	—	9	6	78%
YERYER	—	9	4	89%
AOAAOA	—	7	5	71%
LAKLAK	—	7	4	86%
MNTMNT	—	7	6	86%
SDGSDG	—	6	4	83%
SLESLE	—	5	4	80%
ZWGZWG	—	5	5	60%
AFNAFN	—	4	8	75%
BZDBZD	—	4	4	75%
CVECVE	—	4	5	75%
HNLHNL	—	4	3	100%
MRUMRU	—	4	4	75%
XCGXCG	—	4	2	100%
HTGHTG	—	3	2	100%
LRDLRD	—	3	3	100%
PYGPYG	—	3	3	100%
BOBBOB	—	2	4	100%
CUPCUP	—	2	3	100%
SLLSLL	—	2	1	100%
VESVES	—	2	2	100%
BTNBTN	—	1	3	100%
KPWKPW	—	1	1	100%
NIONIO	—	1	1	100%
PABPAB	—	1	8	100%
STNSTN	—	1	1	100%
SYPSYP	—	1	3	100%
TMTTMT	—	1	1	100%
UYIUYI	—	1	1	100%
XDRXDR	—	1	1	100%

Aggregate counts from the current dataset. Individual instructions are available to subscribers.