correspondent Definition

correspondent

Definition

A bank, brokerage or other financial institution that performs services for other banks, brokerages or other financial institutions, where the latter does not have direct access.

Reproduction of all or part of this glossary and/or this page, in any format, without written consent is prohibited. If you have questions about this dictionary please feel free to contact us feedback\@\investorguide.com

Related Terms

correspondency system -

Related Terms on BusinessDictionary

documentary collection
cubicle bank
direct bank guarantee
domiciled credit
freely negotiable letter of credit
indirect bank guarantee
letter of guarantee
nostro account

nostro-vostro account
notified without engagement
notifying bank
vostro account
advice of credit
advising bank
agent bank
bank draft

Popular 'Banking' Terms

negotiable
letter of credit
bank draft
bank
commercial bank

account
overdraft protection
compound interest
overdraft
lockbox

correspondent in the news

Tools

correspondent is ...

... part of the Banking and Brokerages subjects.

Nearby Terms

corpus
correction
correlation
correlation coefficient
correspondency system
correspondent
cosigner
cost
Cost Accounting
cost basis
cost of capital

Search volume for correspondent

Review the unprecedented moves the Fed & Treasury took to bring the financial markets back from the precipice