KTT stands for Key Tested Telex. It was a telex-based authentication method used by banks before the creation of the SWIFT network. It confirmed the identity of sending and receiving banks through key test codes. While legitimate before the 1990s, KTT is now obsolete. No regulated bank uses it to transfer value, issue guarantees, or settle payments.
| Function | Then | Now |
|---|---|---|
| Message Authentication | Telex message validated by key test code | Encrypted SWIFT MT or ISO 20022 messages with RMA |
| Payment Settlement | Manual entries by treasury operators | Automated settlement via SWIFT, CHAPS, CHIPS, Fedwire, TARGET2, or SEPA |
| Verification | Paper records or printed confirmations | Digital audit trail with UETR and AML screening |
Fraudsters reuse the term “KTT transfer” to convince investors that a telex or email confirmation represents real money in transit. They attach forged documents or fake balance screenshots to make it appear legitimate. In reality, there is no settlement path, no SWIFT trace, and no bank that will honour such claims.
A KTT message cannot trigger debit or credit entries in any regulated system. Without an authenticated SWIFT or clearing message, no bank ledger moves. Even with seals or signatures, it lacks encryption, compliance data, and bilateral authorisation required for real settlement.
If you have been approached with a KTT transfer or “telex proof of funds,” do not proceed. Financely structures legitimate trade finance and project finance transactions through regulated lenders and banks that settle on recognised systems.
Submit Your DealNo. KTT is disconnected from all modern clearing systems. It cannot move value or trigger payments.
Because it sounds technical and historical. Fraudsters use it to sound credible to those unfamiliar with current banking protocols.
You will lose money. There is no transaction behind the document, and no funds can move from a non-existent network.
Ask for the SWIFT message type, UETR reference, and compliance officer contact. If these cannot be verified, the deal is fake.
Financely does not engage with KTT or telex transfers. We provide advisory and capital raising services through regulated institutions under full KYC, AML, and audit standards. All transactions are executed on recognised banking systems only.
Financely advises growth-focused businesses on accessing capital by introducing their opportunities to professional investors. Financely is not a securities broker or dealer. Where appropriate, engagements are coordinated with regulated broker-dealers, investment banks, legal counsel, and other specialists.
Financely does not solicit, offer, or accept orders to buy or sell securities and makes no assurance regarding capital-raising outcomes.
Services are strictly business-to-business. Financely does not provide personal finance, consumer credit, or retail advisory services.
Advisory services are reserved for post-revenue companies that recognize the time and resources required for professional underwriting.
All mandates start with an RFQ. We review submissions, issue a brief Go/No-Go memo, and where bankable, release a Term Sheet that leads to funding. We arrange capital across Senior Secured, Unitranche, Second Lien/Mezzanine, Preferred Equity, and Gap Solutions. We do not process deals by email or chat.
Letters of Credit, Standby LCs, Confirmations, Receivables Finance, and Inventory Lines with control.
Funding arranged for trade flows with instruments sized to your cycle and aligned to delivery and settlement.
Move forward to secure working capital and keep goods moving. Submit the RFQ to start underwriting for funding.
Limited or non-recourse structures for energy and infrastructure with lender-ready materials.
Funding solutions aligned to project cash flows with credible covenants and conditions to reach notice to proceed.
Advance the file to termable status. Submit the RFQ so we can underwrite and secure funding.
Debt and Preferred solutions anchored on cash flow, Quality of Earnings, and clear closing mechanics.
Funding across senior, unitranche, and preferred to match stable cash flows and acquisition timelines.
Get financed on workable terms for closing. Submit the RFQ to start underwriting.
Acquisition, development, bridge, and refinance with lender-ready packs and third-party reports managed.
Funding calibrated to DSCR, leverage, and tenancy with terms designed to close.
Move to a financeable package. Submit the RFQ to initiate underwriting for funding.
KYC and Source of Funds required. Engagements are best-efforts and subject to underwriting. Preference for operating companies with meaningful revenue. See our FAQ and Procedure.
Financely Inc. (“Financely”) provides corporate-finance advice and is wholly owned by Aurora Bay Trust, a trust formed under Bahamian law, together with its authorized affiliates. Depending on deal structure, jurisdiction, and local rules, engagement may be carried out through Financely Group LLC, a non-deposit-taking non-banking financial company; Ashford Capital Advisory LLC; or another related entity. Financely and its affiliates are not registered as securities broker-dealers. When a mandate involves the purchase or sale of securities and a registered intermediary is required, all orders are introduced to and executed by a U.S. broker-dealer registered with the SEC and FINRA, acting as “chaperone” under SEC Rule 15a-6 (17 C.F.R. § 240.15a-6). Nothing here constitutes an offer, solicitation, or recommendation to buy or sell any security. Before proceeding, read our Terms of Service to confirm that engaging Financely Group LLC, Ashford Capital Advisory LLC, or any affiliate aligns with your legal and regulatory requirements.In the United States, we operate as an
exempt foreign private adviser pursuant to the Dodd-Frank Act, subject to applicable exemptions from certain regulatory requirements. Our services and regulatory status may vary based on the location and nature of the transaction. Click
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