correspondent bank investment & finance definition
A bank that takes deposits for and performs banking services for other depository institutions in exchange for a fee.
Correspondent bank
A bank that regularly performs services for another financial institution usually located in another city or marketing area.
Correspondent Bank
The foreign banks representative who regularly performs services for a bank which has no branch in the relevant centre, e.g. to facilitate the transfer of funds.
Correspondent Banks Banks that regularly provide services to each other (e.g., check collection, data processing, credit services). The term also refers to banks that maintain nostro/vostro account relationships with each other.
Correspondent bank
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.
Correspondent Bank
Cost of borrowing (in the context of margin lending)
Cost of Carry ...
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.
1. International bank draft transmitted by cable transfer between correspondent banks, as opposed to payment through the mail.
2. Trader's shorthand for the U.S. Dollar-pound sterling exchange rate.
US Military Dictionary:
cable ...
Fees associated with the creating or releasing of ADRs from ordinary shares, charged by the commercial banks with Correspondent banks in the international sites.
Related Links: ...
American Depositary Receipt Fees
Fees associated with the creating or releasing of ADRs from ordinary shares, charged by the commercial banks with correspondent banks in the international sites.
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 ...
Correspondent Bank : The foreign banks representative who regularly perfo...
Cost of carry : The interest rate parity, whereby the forward price is de...
Cost of Living Index : Broadly equivalent to Retail Price Index or Consum...
 See also: Correspondent, Market, Trading, Broker, Currency
  
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