Yep, haven’t read the full announcement but that jumped out at me. In initial thoughts it shows that the partners want assurances CRO has cash to settle each day which shows they have liquidity concerns. It’s also a low amount so the flow won’t be huge.
disclaimer - I’ve not read the full announcement but it didn’t seem to warrant the long shutdown on the surface.
Ann: BPSP AGREEMENT WITH FISERV AND VISA, page-33
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