Correspondent Bank - What Is It, Relationship, Examples, Services
https://www.wallstreetmojo.com/correspondent-bank/
WEBMar 19, 2024 · A correspondent bank is a financial institution that acts as a middleman to accomplish transactions on behalf of another financial institution. Correspondent bank account provides services like international fund transfers, cheque-clearing services, foreign exchange, treasury management, trade finance, and liquidity management.
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