Who clears HTG payments?

HTG settles through the local clearing system. Banks without direct access hold a nostro account with a correspondent that has it, so a HTG payment reaches the beneficiary by settling at that correspondent first and moving inwards. In the current dataset 2 distinct institutions act as HTG correspondents.

How concentrated is HTG clearing?

The three largest HTG correspondents between them serve about 100% of the banks that publish a HTG 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 HTG correspondent?

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

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HTG correspondent banking: who clears the HTG

Banks without direct access to HTG clearing settle through a correspondent that has it. HTG settles through its domestic clearing system.

HTG in the instruction data

Aggregate figures from the current SWIFT standing settlement instruction dataset.

3: banks publish a HTG instruction
2: correspondents serve HTG
100%: served by the top three
3: countries represented

Individual instructions, BICs and account numbers are available to subscribers.

Tracing a HTG chain

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

Who clears HTG payments?: HTG settles through the local clearing system. Banks without direct access hold a nostro account with a correspondent that has it, so a HTG payment reaches the beneficiary by settling at that correspondent first and moving inwards. In the current dataset 2 distinct institutions act as HTG correspondents.
How concentrated is HTG clearing?: The three largest HTG correspondents between them serve about 100% of the banks that publish a HTG 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 HTG correspondent?: Search the bank's BIC, select HTG, and the chain resolves hop by hop to the institution that clears the currency, including the nostro account number on each relationship.

Trace a HTG chain How it works

HTG correspondent banking: who clears the HTG

HTG in the instruction data

Tracing a HTG chain

Other currencies