THB correspondent banking: who clears the THB

Tracing a THB chain

Each instruction names the institution holding that bank's THB account. Following those links repeatedly ends at a bank that publishes no onward THB instruction — the ultimate clearer, with direct access to clearing. That is where the money actually settles before moving inwards to the beneficiary.

Who clears THB payments?

THB settles through the local clearing system. Banks without direct access hold a nostro account with a correspondent that has it, so a THB payment reaches the beneficiary by settling at that correspondent first and moving inwards. In the current dataset 240 distinct institutions act as THB correspondents.

How concentrated is THB clearing?

The three largest THB correspondents between them serve about 31% of the banks that publish a THB instruction. Concentration matters because the withdrawal of one correspondent can affect a large number of respondent banks at once.

How do I find a bank's THB correspondent?

Search the bank's BIC, select THB, and the chain resolves hop by hop to the institution that clears the currency, including the nostro account number on each relationship.