muikabochi 208 Posted April 5, 2013 Share Posted April 5, 2013 Why does it take 4 or 5 working days for a cheque to clear in UK banks? Link to post Share on other sites
JA2340 16 Posted April 6, 2013 Share Posted April 6, 2013 So the bank can use the money to play the short term money market, make more profit, and then finally give it back to you! Simple, really! Link to post Share on other sites
grungy-gonads 54 Posted April 6, 2013 Share Posted April 6, 2013 The answer was always going to be an "evil" one! Link to post Share on other sites
JA2340 16 Posted April 6, 2013 Share Posted April 6, 2013 Factual, really! The banks use the "gap" to speculate on the short term money market, hence the "back-room" blokes in every bank on the "forex" phones/computers. Link to post Share on other sites
Alexander L 80 Posted April 6, 2013 Share Posted April 6, 2013 no it's not. It's the efficiency of the interbank clearing systems that the bank has subscribed to. In HK you can clear cheques same day if you hit before the gross settlement deadline and the drawing bank is local. Link to post Share on other sites
pie-eater 207 Posted April 7, 2013 Share Posted April 7, 2013 In the UK you can clear them "within 2 hours" for 25 quid a go, so I found out last summer. Well at Halifax/HSBC you can. The thieving gets. Link to post Share on other sites
JA2340 16 Posted April 7, 2013 Share Posted April 7, 2013 Sorry, Thurs ... you work for a bank or something? Fact is that the banks use EVERY possible methodology they can to make a profit. Chief amongst these is the "clearing" period. In these days of instant transfers, there is no need for the 3-5 day clearing for an electronic transfer - the sending bank takes the cash from your account instantly (like within seconds!) and the payment appears in the receiving account a couple days later. Any explanation for where the money has been in the intervening period? Link to post Share on other sites
muikabochi 208 Posted April 7, 2013 Share Posted April 7, 2013 In a cupboard? Link to post Share on other sites
HighlyTrainedNovaTeacher 2 Posted April 8, 2013 Share Posted April 8, 2013 You'd think the banks might be able to speed some things up if they invested in some new computers with Pentium II chips and Windows 95 installed...... Link to post Share on other sites
scouser 4 Posted April 9, 2013 Share Posted April 9, 2013 I remember getting a Pentium desktop and thinking it was way so powerful. Well 'ard. Link to post Share on other sites
DumbStick 13 Posted April 10, 2013 Share Posted April 10, 2013 I remember doing something at a bank in the UK last year. They had their software based on Windows XP. Even using Internet Explorer which seemed a bad idea to me at the time. Link to post Share on other sites
Alexander L 80 Posted April 10, 2013 Share Posted April 10, 2013 In-demand items. Why are they always sold out? If they're so much in demand, you'd make more of them so's more people would buy it and you'd have a lot more money. Dumb ****s. Link to post Share on other sites
JA2340 16 Posted April 10, 2013 Share Posted April 10, 2013 But you never know whether they are gonna be "in demand" before the demand is evident by there being none left? Do you? I know that sounds a bit Irish, but there you are ... Link to post Share on other sites
Alexander L 80 Posted April 10, 2013 Share Posted April 10, 2013 They're in-demand 'cos I want some but they have none left. Just make some more, you lazy cads. Link to post Share on other sites
JA2340 16 Posted April 10, 2013 Share Posted April 10, 2013 No such thing as "zero lead time manufacture" - so you'll just have to wait! Link to post Share on other sites
Alexander L 80 Posted April 11, 2013 Share Posted April 11, 2013 people who are responsible for creating in-demand items need to get their capcity planning right. Max profits from max merch sales. Link to post Share on other sites
JA2340 16 Posted April 13, 2013 Share Posted April 13, 2013 people who are responsible for creating in-demand items need to get their capcity planning right. Max profits from max merch sales. Thurs - in-demand" may not be known until too late to "roll presses" to keep up. Sorry, but you're just gonna have to live with(out) it! Link to post Share on other sites
Error404 0 Posted April 13, 2013 Share Posted April 13, 2013 Of course, a restricted supply only makes them more "in demand". Link to post Share on other sites
JA2340 16 Posted April 14, 2013 Share Posted April 14, 2013 Yep, that too! OTOH, you still gotta accept that the manufacturer don't know what will and what won't work. They have to react to response, and that takes time. Link to post Share on other sites
Alexander L 80 Posted April 15, 2013 Share Posted April 15, 2013 constant under supplying to create a demand. Bastards. Link to post Share on other sites
nagoid 4 Posted April 16, 2013 Share Posted April 16, 2013 Why do tyres have like little 'hairs' sticking out of them? Link to post Share on other sites
pie-eater 207 Posted April 16, 2013 Share Posted April 16, 2013 Good one that! Link to post Share on other sites
Alexander L 80 Posted April 16, 2013 Share Posted April 16, 2013 cos when they go bald, it's time to change them for some new ones Link to post Share on other sites
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