TZS correspondent banking: who clears the TZS

Tracing a TZS chain

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

Who clears TZS payments?

TZS settles through the local clearing system. Banks without direct access hold a nostro account with a correspondent that has it, so a TZS payment reaches the beneficiary by settling at that correspondent first and moving inwards. In the current dataset 35 distinct institutions act as TZS correspondents.

How concentrated is TZS clearing?

The three largest TZS correspondents between them serve about 55% of the banks that publish a TZS 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 TZS correspondent?

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