The Weekend ITK Discussion Thread 27/28 July 2013

[EnfieldYiddo]

I did write A&C an explanation about this.

It's about large companies having multiple accounts under multiple legal entities. Aggregation is big business in finance due to the netting of accounts to pay interest etc on remaining balances. the aggregation of monies refers to the fact i'm told (sorry to not take ownership, but i'm told 100% this has happened) that Spurs have put a large amount in one account. the Bank UK then freezes that and, in theory, places that same amount in the Bank ESP in a shadow account. I think it's called a Nostro account. Essentially money showing up in a spanish bank account even though it's currently in the UK. Bank UK and Bank ESP in this case are the same bank, but have offices in UK and Spain.

If you google nostro and vostro? bank accounts, and read a bit about SWIFT messaging this will make it clear.

Is this where we were at with Villa, Moutinho etc out of interest?

Cheers for the explanation but I think the more pertinent question remains how fair along would this imply the deal is

This is an open question to anyone who feels they could have a crack at it too.

 

[Archibald&Crooks]

Right, in a fit of god knows what, optimism I suppose, i've created yet ANOTHER Soldado thread. If the third ones ends up the same way is the first two, a mass culling will take place. So don't take libs.

 

[EnfieldYiddo]

Quick, to the Spamdado thread my minions!

 

[wishkah]

Who is Wishkah, btw? I see he's trusted (and that new ITK is spine-tingling), but being somewhat green, I'm not familiar with everyone quite yet. Can a vet shed some light?

i'm kind of like Barney the dinosaur.

I love you, you love me, but in a slightly rapey paedo way.

 

[Ionman34]

So, ryan is following the ITK, Grey Fox has heard something and made a semi-jokey remark and cobra is remaining in the future tense.

I don't mind us being positive, but it's at times like these when it pays to maintain a slight grasp on what is actually being said, rather than what we'd like to hear.

You'll need to speak louder Bill. At the moment it's like the panic scene from Airplane.

 

[highscore]

Quick, to the Spamdado thread my minions!

DL willn't spend the cash for soldro. So why are we tAlking about it..

 

[Archibald&Crooks]

You'll need to speak louder Bill. At the moment it's like the panic scene from Airplane.

And they are all queuing up to slap me

 

[absolute bobbins]

the aggregation of monies for a 'proof of funds' is ready in anticipation off a Spanish withdrawal, with everything in place for go-live.

The allocation of resources for a large payment (with relevant guarantees) was in place prior to the weekend.

wpd - if you see this send me a PM, just wondering if what i know matches, you're usually a step ahead of me on this stuff.

Jeez, if this is kosher it's very sensitive info! I've got lots of respect to the guy (would hate if he worked with me) who leaked it and can only guess that he's got nuts the size of space hoppers.

 

[wishkah]

So that means the money has been transferred and once they withdraw it; all that is left is the announcement?

Very confused.

if i was to somewhat wrongly sum it up. From a finance/payment angle. we're ready to hit a button and send some money to a spanish account.

the information more relates to the idea of the movement to make a spanish transaction. Don't know the figure.

 

[dg8672]

i'm kind of like Barney the dinosaur.

I love you, you love me, but in a slightly rapey paedo way.

That's hot.

 

[JerryGarcia]

So if we allow 5 working days for the funds to clear, we should have Soldado by next Friday?

 

[Gaz_Gammon]

Poster who worked himself into a frenzy on the Arshavin saga.

We dodged a bullet with that pony........

 

[yanno]

I did write A&C an explanation about this.

It's about large companies having multiple accounts under multiple legal entities. Aggregation is big business in finance due to the netting of accounts to pay interest etc on remaining balances. the aggregation of monies refers to the fact i'm told (sorry to not take ownership, but i'm told 100% this has happened) that Spurs have put a large amount in one account. the Bank UK then freezes that and, in theory, places that same amount in the Bank ESP in a shadow account. I think it's called a Nostro account. Essentially money showing up in a spanish bank account even though it's currently in the UK. Bank UK and Bank ESP in this case are the same bank, but have offices in UK and Spain.

If you google nostro and vostro? bank accounts, and read a bit about SWIFT messaging this will make it clear.

I feel bizarrely nostalgic for the days when transactions were conducted using shoeboxes stuffed with cash in dodgy motorway cafes and A-road laybys.....

 

[Gaz_Gammon]

Did we ever find out why all the Tottenham staff were asked top work the weekend? And are they in?

There taking a lead from Defoe......................

 

[playboypaul]

the aggregation of monies for a 'proof of funds' is ready in anticipation off a Spanish withdrawal, with everything in place for go-live.

The allocation of resources for a large payment (with relevant guarantees) was in place prior to the weekend.

wpd - if you see this send me a PM, just wondering if what i know matches, you're usually a step ahead of me on this stuff.

So, in (very) layman terms I think that basically says:

1) The money was all brought together in to one account this week sometime.

2) That was done so we could, show/prove whoever needs shown/proved to, that we are able to pay x amount.

3) Once whoever needs to be satisfied is satisfied that we are able to stump up the cash and things are ready to go, we will authorise the transfer of funds to the Spanish account.

 

[tony0379]

I'm about to start sucking my cock

 

[Ionman34]

And they are all queuing up to slap me

And calling you Shirley

 

[Gaz_Gammon]

Monies pooled into one account and whizzed across to Spain ready to go is how I understand it. Not that what I understand counts for much, it's mostly double dutch to me.

"it's mostly double dutch to me" you mean like a threesome, with the spare prick being a pink dildo?..................

 

[Ionman34]

Jeez, if this is kosher it's very sensitive info! I've got lots of respect to the guy (would hate if he worked with me) who leaked it and can only guess that he's got nuts the size of space hoppers.

He will do after DL has finished kicking them for leaking the info

 

[wishkah]

Is this where we were at with Villa, Moutinho etc out of interest?

Cheers for the explanation but I think the more pertinent question remains how fair along would this imply the deal is

This is an open question to anyone who feels they could have a crack at it too.

I don't have contact with the club, i always stress to make that clear. My old role/job used to be, but not anymore. Obviously those guys who do are my old chums and we still talk a few times a week.

I will never say "done deal" or anything like that as i don't know. But if wheels behind the scenes start moving you'd assume there is some serious interest.

In the past i've put effort in explaining some of the mechanics, if you read Stoof's thread on Letters of Credit and Invoice discounting it will add context to where i come into place. Just as any "deal" for any business a preparation is in place. Whether it happens or not i haven't got the foggiest.

My information may not always turn out to happen, but i'm always here to answer questions and explain where we were. the transfer aspects are me adding 1+1 and posting my interpretations. That's where i cannot be 'right'. But when i have posted information on players we have not signed, i at least know there has been a lot of work in terms of offers or preparation etc.

We all know football, how many bids are actually successful and result in transfers?

as for your question, my thoughts, not fact, would make me think we're at the point that if an agreement is made, we can complete it soon. If it's not already been completed...etc etc...if it happens at all.