The 48 hrs is considered spot rate remember.
Chris
~~ >-)-
C M I Barker
Cambridgeshire, Great Britain.
+44 (0)7092 251126
www.threeshoes.co.uk
homepage.mac.com/zuiko
On 31 May 2005, at 11:24, Piers Hemy wrote:
> Andrew is correct, SWIFT transfers are *the* universal international
> payments method, as you might guess from the name - Society for
> Worldwide
> Interbank Financial Transactions (if I remember correctly), though
> they
> don't take 48 hours. Depending on which currencies are involved
> (and when
> the banking hours are for each currency) a SWIFT transfer between
> banks is
> instantaneous, can be done end-to-end (from customer sending
> instruction to
> bank, up to seller receiving confirmation from his bank) within a
> banking
> day.
>
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