Receiver for KTT Transfers
We coordinate the receipt of KTT transfers through our trusted network of banks, ensuring secure and efficient transactions. We handle the entire process, from SPV setup to fund receipt, with transparent set up fees. Once initiated, your funds will be disbursed within 21 business days, providing a reliable and predictable timeline. With our global bank partnerships and expertise in trade finance and project finance advisory, we're the trusted choice for clients seeking seamless KTT transfer coordination.
| Parameter | Details |
|---|---|
| Transfer Amounts | $1M to $100M USD (larger upon request) |
| Set-Up Fees | $20,000 USD |
| Disbursement Timeframe | Within 21 business days of initiation |
| SPV Setup | Critical for legal protection and compliance. The SPV (Special Purpose Vehicle) is your own dedicated entity, established in your name with its own bank account under your exclusive control. You retain complete authority over the funds throughout the entire transaction, eliminating the need for external receivers or third-party disbursement agents. |
| Bank Network | We work with banks in LATAM, Asia, Caribbean, China, India |
Procedure & Timelines
Note: Timelines indicated below apply to routine transactions.
Step 1: Request a contract and invoice through our dedicated KTT form available here. A processing fee of $500 USD applies for this step. Alternatively, you can bypass this step and directly pay the $20,000 USD set-up fee using the bank details provided here. After payment, we will issue a receipt and grant you immediate access to our client portal for account setup and KTT initiation. Please note: Consultations are not available for KTT transactions. All requests must proceed exclusively through this designated channel.
Step 2: SPV setup & document review (5-7 business days). During this step, your dedicated SPV entity and its bank account are created, ensuring you retain direct control over all transaction funds.
Step 3: KTT transfer initiation with bank (7-10 business days).
Step 4: Funds disbursed within 21 business days from initiation.
How does the SPV setup work, and why is it necessary?
The SPV (Special Purpose Vehicle) is a dedicated legal entity set up to facilitate transactions while ensuring compliance with banking and regulatory requirements. Unlike relying on a random third-party receiver, the SPV remains under your full control, giving you complete oversight over fund transfers. This structure is designed for scalability, allowing you to use the same entity for future transactions without needing new intermediaries.
Which banks still accept KTT transfers?
While most banks have phased out KTT (Key Tested Telex) in favor of modern SWIFT-based systems, there are still a few institutions that accept KTT under specific conditions. These are typically Tier-1 banks or certain private banks with legacy systems that continue to process these transfers. We maintain a direct network of banks that can accommodate such transactions, ensuring seamless execution for qualified clients.
What are the fees for setting up the SPV?
The setup fee for an SPV is $20,000 for transactions up to $100 million USD. If the transaction exceeds this amount, additional legal entities must be created to ensure compliance. The fees for larger transfers are as follows:
- $100M - $250M: $50,000
- $250M - $500M: $75,000
- Above $500M: Custom pricing based on the complexity of the structure
Each entity is established to meet jurisdictional and regulatory requirements, ensuring smooth transaction processing.
Why is it better to use an SPV instead of a third-party receiver?
When you use a third-party receiver, you relinquish control over your funds, relying entirely on their credibility and financial infrastructure. With an SPV, you retain ownership and control of the entity that receives the funds, mitigating risks associated with fraud or mismanagement. This also allows for more predictable and legally protected transactions, with the SPV serving as a reusable vehicle for future transfers.
What happens if additional compliance measures are required?
Each transaction undergoes a rigorous compliance review. If additional documentation or regulatory approvals are necessary, we provide full assistance in structuring the SPV and ensuring that all requirements are met. This includes KYC (Know Your Customer), AML (Anti-Money Laundering), and other regulatory checks to facilitate smooth and lawful transactions.
