How to calculate Net Worth of a company
In this article, we cover how to calculate Net Worth of a company. Net worth is the difference between the…
Negative Shareholders’ Equity
Negative Shareholders’ Equity is an important measure that can help us determine the financial health of a company. There are…
What is an ABA Routing Number
In this article, we cover: What is an ABA Routing Number. How to find it? When do you need it?…
Stop and Recall SWIFT Transfer
In this article, we cover a bit about how to stop and recall SWIFT Transfer. In most cases, our domestic…
FedNow: An instant payment service
FedNow is an instant payment service. Through it, Financial Institutions (FIs) can let their customers send and receive money instantly….
What is a Corresponding Bank? How does it work?
You come across the term “Corresponding Bank” when you initiate an international wire transfer. It functions to facilitate cross-border payments….
Details of charges (OUR/SHA/BEN)
In this article, we cover Details of charges (OUR/SHA/BEN) with relevant examples. These three options mainly show us the information…
MT103 document explained
In this article, we cover the MT103 document. It acts as proof of payment in case you have sent your…
How to track an International Wire Transfer
In this article, we cover how to track an international wire transfer. When we write about International Wire Transfer then,…
Covered interest arbitrage explained
Covered interest arbitrage is an arbitrage trading strategy. Through the strategy, investors utilize the differential in the interest rates of…