Examples of 'correspondent bank' in a sentence
Meaning of "correspondent bank"
correspondent bank: a financial institution that provides services on behalf of another financial institution in a foreign country, typically in the local currency. It is used in international banking transactions to facilitate transfers and other financial operations
How to use "correspondent bank" in a sentence
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correspondent bank
Correspondent bank holding accounts of two other banks.
Name and address of correspondent bank.
The correspondent bank also to be the confirming bank.
Recognize the role of a correspondent bank.
The correspondent bank is.
This cash is an insurance policy for the correspondent bank.
A correspondent bank is a financial institution that provides services on behalf of another financial institution.
The funds are credited to the correspondent bank within the hour.
The correspondent bank account network allows for the efficient functioning of the foreign exchange market.
Forward the bill of exchange to its correspondent bank in the place.
I am the correspondent bank here for Anaheim.
Bitfinex does not bank with Wells Fargo who are simply acting as a correspondent bank.
It does not exclude the possibility that the correspondent bank could charge an additional commission.
Another correspondent bank that is a partner of the Bank.
This request was submitted through the American correspondent bank involved as is standard practice.
See also
De facto correspondent bank for major cryptocurrencies and other crypto-assets.
They must bear the name of a correspondent bank in North America.
Iii . take necessary measures in coordination with a local correspondent bank.
The payment will be presented to the correspondent bank with the first possible value date.
The Muncie bank sends your check to its Chicago Correspondent bank.
They were traced back to correspondent bank accounts held by casas de cambio at Wachovia.
The Bank shall pay the fee of a Correspondent Bank.
Iii . the correspondent bank transmits the request to the Kuwaiti bank concerned ; and.
Our Foreign Exchange Services team maintains a network of correspondent bank relationships worldwide.
Correspondent Bank A bank, normally of another country, which conducts operations on behalf of another.
In general cases, the second bank is the correspondent bank in the seller 's country.
As such, the correspondent bank acts as the local bank 's agent abroad.
This clarification procedure, like the payment itself, took place through the correspondent bank involved.
Correspondent bank for non-United States dollar high-value payments ;.
D+1 Transfer of funds to the recipient bank or correspondent bank on the following day.
The correspondent bank would, in turn, contact a local bank in Sri Lanka.
In transactions, the Deutsche Bank Trust appears as a correspondent bank.
Deutsche Bank is a major correspondent bank for U.S. dollar transactions.
So, when a client makes a cross-border payment, their bank uses the services of a correspondent bank.
Correspondent bank charge for outgoing transfer At cost Min. 1 MW per transfer.
Condition of bank regulations and supervision function in the correspondent bank & apos ; s country, etc.
Correspondent bank Bank of Tokyo-Mitsubishi UFJ（Imazato branch）.
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Examples of using Correspondent
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A political correspondent with her way to make
You will call your internal correspondent
Your correspondent can not hear you
