- correspondent bank
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—correspondent banking.a bank that performs services for one or more other banks.[1960-65]
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Universalium. 2010.
correspondent bank
Look at other dictionaries:
correspondent bank — A bank that serves as a depository and provides banking services for another bank. American Banker Glossary Bank that accepts deposits of, and performs services for, another bank (called a respondent bank); in most cases, the two banks are in… … Financial and business terms
Correspondent Bank — A financial institution that provides services on behalf of another, equal or unequal, financial institution. A correspondent bank can conduct business transactions, accept deposits and gather documents on behalf of the other financial… … Investment dictionary
correspondent bank — correspondent banking. a bank that performs services for one or more other banks. [1960 65] … Useful english dictionary
correspondent bank — A bank in a foreign country that offers banking facilities to the customers of a bank in another country. These arrangements are usually the result of agreements, often reciprocal, between the two banks. The most frequent correspondent banking… … Accounting dictionary
correspondent bank — A bank in a foreign country that offers banking facilities to the customers of a bank in another country. These arrangements are usually the result of agreements, often reciprocal, between the two banks. The most frequent correspondent banking… … Big dictionary of business and management
correspondent bank — /ˌkɒrɪ spɒndənt bæŋk/ noun a bank which acts as an agent for a foreign bank … Dictionary of banking and finance
Correspondent bank — A foreign bank with whom you have an account relationship … International financial encyclopaedia
correspondent banking — Ⅰ. correspondent bank UK US noun [C] (also correspondent) BANKING ► a bank that does work for a bank in another place, usually in another country: »The use of a correspondent bank facilitates the transfer of funds abroad. correspondent banking… … Financial and business terms
Bank — [bæŋk] noun BANKING ORGANIZATIONS The Bank the Bank of England, Britain s central bank: • The Bank is worried that strong demand for labour could lead to higher wages and prices. * * * Ⅰ … Financial and business terms
Receiver's correspondent bank — The bank on the receiving side servicing a transfer message … International financial encyclopaedia
