“HSBC Comment” – Intel SITREP – 12:00 EST – Sunday – March 5, 2017

“HSBC Comment” – Intel SITREP – 12:00 EST – Sunday – March 5, 2017

Received via email at 12:00 PM EST for publication. ~ Dinar Chronicles

 

Direct comment from HSBC – HK Private Bank on Sunday evening (morning in US):

“We’re currently taking existing ZIM clients in order, and by the duration of their account with the bank, going one by one at a very slow pace to get acclimated with the exchange process.

The plan is to build momentum, speed and numbers, until corporate feels comfortable adding more intake points worldwide.

It feels like we are trying to learn or adjust on the fly, but I don’t know that, it just be a slow roll out strategy. Maybe both.

It’s not been a “shotgun start” for the ZIM, at least not here in Asia, all other currencies maybe, but those we are told will follow in the near future.

I know corporate wants ZIM holders completely separated from the initial rush, so they’re taking the necessary time to build consensus making the tank and file, as well as taking deliberate precautions to accomplish that end.”