A cross-border transaction touches multiple legal systems, banking relationships and compliance regimes, each with its own clock. None of them is unreasonable on its own; together they compound.
The compounding is the risk. Every week of drift is a week in which a counterparty's circumstances, a rate environment or a regulatory position can change, and the transaction that was viable at signing is renegotiated or abandoned.
Coordination is therefore not an administrative function but a risk control. A named owner, a live checklist and a single status of record are what keep the clock from becoming the counterparty.
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