A bank that, in its own country, handles the business of a foreign bank.

A bank that, in its own country, handles the business of a foreign bank.

A bank that, in its own country, handles the business of a foreign bank.

An Advising Bank which is the Issuing Bank's correspondent in the country of the Beneficiary.

A correspondent bank shares its services with another, usually smaller, bank. This relationship allows the smaller bank to provide a larger selection of services to its customers.  

Correspondent Bank is a bank that acts as an agent for another bank called a respondent bank. The correspondent bank accepts deposits of, and performs services for the respondent bank. It engages in a [..]

A bank, located in one geographic area, that accepts deposits from a bank in another region and provides services on behalf of this other bank. Internationally, many banks maintain one account with a [..]

A bank which, within its own country, handles the business of a foreign bank, i.e. receives and makes money payments in addition to rendering other services on behalf of the foreign bank. A bank' [..]

A financial institution that maintains a relationship with another financial institution, or provides them with services.

A bank which performs certain functions on behalf of another bank, such as accepting payments or dispersing funds to others.

Usually a bank located in a foreign country with whom a domestic bank transacts commercial business, and to whom the domestic bank will refer customers for banking services in that country.

A bank that accepts deposits of and performs banking services for other depository institutions.

A bank that, in its own country, handles the business of a foreign bank.

A bank which operates and does business on behalf of foreign banks.

A commercial bank (domiciled in one country) which accepts de posits from a bank (domiciled in another country) and offers services on behalf of that bank. Banks active internationally follow a practice of having correspondent banking relationships with banks in each major country

A financial institution that regularly performs services for other banks.

A bank that accepts deposits of and performs banking services for other depository institutions.

A bank that, in its own country, handles the business of a foreign bank.

Bank that accepts deposits of, and performs services for, another bank (called a respondent bank); in most cases, the two banks are in different cities.