Correspondent Bank refers formal relationships which is established between an overseas bank and a domestic bank to facilitate international banking transactions.
It also refers to a bank that holds deposits for and provides services to another bank, located in another geographic area, on a reciprocal basis.
More from this Section
- Commercial finance company
Commercial finance company is a firm that makes cash loans to business borrowers, securing the loans by such assets as trade credit accounts, inventory, or equipment.
- Uniform Bank Performance Report (UBPR)
Uniform Bank Performance Report (UBPR) is a compilation of financial and operating information periodically required to be
- Synthetic forward
Synthetic forward refers to complex option position which combines the purchase of a put option and the sale of a call option, or vice versa, both at the forward rate.
- Funded debt
Funded debt generally, a short-term debt that has been converted into long-term debt funding.
- Monetary standard
Monetary standard means a unit of account or a standard of value. Monetary standard can be referred as to the whole monetary policies, system ...
- Unexploited profit opportunity
Unexploited profit opportunity is a situation I which an investor can earn a higher than normal return.
- Thrift deposits
Thrift deposits is the accounts whose principal purpose is to provide an interest-bearing outlet for customer savings – that is, a place for the customer to store liquid purchasing power at interest until needed.