Phrases with «correspondent banks»

Correspondent banks are financial institutions that have a business relationship with each other to offer services like money transfers or carrying out transactions on behalf of each other. They work together to facilitate banking activities between different countries or regions. Full definition

bank (parent phrase)
correspondent (parent phrase)

correspondent banks

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correspondent banking

Sentences with «correspondent banks»

We offer a full suite of correspondent banking services for credit unions with no capital contribution requirement, competitive return on funds and fixed service fees. (ncb.coop)
The goal is to take on the slow and inefficient cross border payment industry and settle payments to correspondent banks in an instant. (coinbureau.com)
The time taken for correspondent banks to carry out instructions and to notify their principals adds to settlement risk. (rba.gov.au)
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Phrases with «correspondent banks»

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Sentences with «correspondent banks»

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