Correspondent Bank
Correspondent Bank definition :
Bank that accepts deposits of, and performs services for, another bank (called a respondent bank); in most cases, the two banks are in different cities.
What's A Spread?
Correspondent Bank: A bank that accepts deposits and performs banking services for other banks. Correspondent banking arrangements exist between local banks and banks located throughout the world.
CORRESPONDENT BANK
A bank that, in its own country, handles the business of a foreign bank.
COUNTERTRADE ...
Correspondent Bank - a bank that maintains an account relationship with another bank or exchanges services with another bank. Correspondents frequently clear checks for each other or participate in large loans, thus sharing the risk.
Correspondent Bank: A foreign bank with which a domestic bank transacts commercial business, and to whom the domestic bank will refer international customers for banking services.
Correspondent Bank:
Usually a bank located in a foreign country with whom a domestic bank transacts commercial business, and to whom the domestic bank will refer customers for banking services in that country.
Cosigner: ...
Correspondent Bank
A bank which is a depository for another bank, accepting deposits and collecting items for its bank depositor.
Cost and Freight (...named port of destination) ...
correspondent bank
A bank that serves as a depository and provides banking services for another bank.
cosigner, co-maker and co-obligor ...
Correspondent bank
Bank that handles in its own country the business of a foreign bank.
Cost and freight (CFR) ...
Correspondent Banking
The provision of banking services from one FI to another. Services may include deposits, loans, LC advising and confirming and foreign currency clearing and settlement.
Correspondent Bank
A financial institution that provides services on behalf of another, equal or unequal, financial institution.
English: Correspondent bank
Français: Banque correspondante
Banco de banqueros:
Banco que funciona como cámara de compensación para operaciones financieras, establecido de común acuerdo por bancos independientes y no afiliados.
Dictionary Term
correspondent bank
Dictionary Term
agency bank
Dictionary Term
Bank for International Settlements ...
This occurs when the issuing bank does not have an office in the country of the beneficiary and uses the facilities of a correspondent bank.
noninterest earning balance that depository financial institutions maintain with a Federal Reserve Bank or with a correspondent bank to satisfy the Fed's reserve requirements .
These accounts, known as Nostro accounts, are also used to settle banks' foreign exchange transactions and to enable them to conduct normal correspondent banking relationships.
Fees associated with the creating or releasing of A.D.R.s from ordinary shares, charged by the commercial banks with correspondent banks in the international sites.
ADR Ratio
The number of ordinary shares into which an A.D.R. can be converted.
A bank that opens a straight or a negotiable letter of credit. This bank assumes the obligation to pay the beneficiary or a correspondent bank if the documents presented are in accordance with the terms of the letters of Edit.
In general, a preparer or recipient of correspondence. See also CORRESPONDENT BANK.
LOAN ...
For example, if a US bank has a client who needs to make a payment to a supplier located overseas, the US bank would use its relationship with a correspondent bank in the supplier's home country to credit the supplier's bank account with money from ...
International Banking
The operation of bank branches and subsidiaries located outside Canada. This area of banking also includes the supervision of correspondent banking relationships, foreign exchange trading, and trade finance.
Typically, the bank will not work directly with the exporter but with the exporter's correspondent bank. The exporter may realize proceeds from the bankers acceptance in several ways.
 See also: Correspondent, Expense, Banks, Capitalized, Capital Stock
  
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