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.
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Barter means the direct exchange of goods and/or services for other goods and/or services without the use of money and without the involvement of a third party.
- Euronote Market
The Euronote market is the collective term used to describe short- to medium-term debt instruments sourced in the Eurocurrency market. Although a multitude ...
- Consular Invoice
Consular Invoice is a specifically printed invoice which is completed by the exporter and presented to the Consul of the country of import for stamping and signature
- Liquidity premium theory
Liquidity premium theory is the theory that the interest rate on a long-term bond will equal an average of short-term interest rates expected
- Excess supply
Excess supply is a situation in which quantity supplied is greater than quantity demanded.
Volatility is the standard deviation of daily percentage changes in the underlying exchange rate. Volatility is viewed as historic (drawn from a recent period ...
- Pro Forma Invoice
Pro Forma Invoice is a sample invoice provided by an exporter prior to a sale or shipment of merchandise, informing the buyer of the price,