Rules on Swift shards

 I am a Swift bank and I shad off a chunk of money from time deposits, the let risk adjusted equity traders use it in options under bounded market risk? Thatg is Due process, and the risk to the bank is something closed to a sixth of a point. The Swift bank is using Tap root to rune a fair traded, automated pit. What i the problem? OK, my options business goes belly up, I write off a sixth of a point. It is a regulated bank, let the Fed recover those losses. The Fed is atop the ledger hierarchy, it is running the currency pit, expects bankruptcies among the S / Ls. But these are Due procerss, two color pit boss losses, no Swift bank trades for a profit and gets losses passed up. 

These are the natural shocks the S/L currency emitter expects. The Swift bank is acting as a payment service provider. Its pit boss is performing congestion management as any payment system needs. Its main business is risk equalization, and it should be making any profit doing that. And by being a Swift bank I would think it legally required to run risk equalized, non profit automated S/L accounts, and collect entry and exit fees.

So, my claim, there is irreducible losses in currency banking, a residual unknown unknown that cannot be assigned. It is unexpected, equally endured by bankers and clients, in proportion. The intrinsic variation in inventory of   accounting paper, pencil and ink. The inherent round robin serialization cost. If you are an accurate currency banker, then you can immediately measure it, ex post, before anyone else has an ex post.

How does pit boss residual error show up?

The Swift bank runs a pit, for a while. Something happens, and the pit steps down, until the last and the pit gets the outstanding liquidity.  These are bi of shard change that passed up the change onto the main ledger. The pit boss could just about, but not quite keep up with that trail during unexpected market shock. The Swift system just bought a tiny bit of a market and gave it away. Some bank clients fairly snookered the rest of the clients and the pit boss. It is a distortion on wealth but a slight deflation. The productivity norm, it is about snookering the S and L pits.