CORRESPONDENT BANKING

correspondent banking: translation

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 noun [U]

► »These principles apply in all correspondent banking arrangements.

Ⅱ.

correspondent banking UK US noun [U] BANKING

► the act of a small foreign bank using a larger local bank to do its business in places where it has no office: »An offshore affiliate of Argentina's Banco Republica had a 10-year correspondent banking relationship with Citibank in New York.
»Correspondent banking is the most common means of making international payments.

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CORRESPONDING →← CORRESPONDENT BANK

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CORRESPONDENT BANKING

банковская деятельность на основе корреспондентских отношений: обмен информацией, проведение расчетов, совершение сделок по поручению; наличие сети кор... смотреть