Fleming Monday RV Report:
What’s the difference between a “liquid” bank account and a “spendable” bank account?
These terms are meaningless for purposes of typical banking. You either have a “pending” or a “hold” on your deposit, or it’s spendable.
In this case, there’s one answer that makes sense. With every “Bank Facilitated, Private Buy/Sell”, which is the proper way to describe SKRs, and all platforms such as CMKX, Farm Claims, etc.; the difference between “liquid” and “Spendable” are actually defined in the Global Treaty Agreement (and Addendum(s)), the banks are following. Compliance requires this. Definitions define these terms and all of the actions that are followed to the letter.
Isn’t there a definite length of time that the bank can hold “liquid” funds on an active account, without releasing the money? It’s typically 72 hours.
In a Private, Bank Facilitated Buy/Sell case however, it’s outside of the standard requirement since it’s “PRIVATE”.
How long can this continue? Simple answer, as long as the terms are followed and as long as it takes, until the Agreement is in “Default” or signed off as, “Complete According to Terms of the Agreement.”
As we’ve seen, this has taken a World Court and Federal Courts, to mandate. Both have had their say and made rulings. The banks are pretty much doing what they have to all while earning their fees. No problemo. The courts are doing what they can.
It’s a push using all Lawful Means, with all “i’s dotted and t’s crossed”, and no errors or mistakes can be made. The penalty for failure is just too steep and the cost too dear.