What Is a Correspondent Bank?
The correspondent banking system, also known as the correspondent banking system, refers to a system in which banks sign an agency agreement with each other and entrust the other bank to handle the designated business.
Correspondent banking system
- This entry lacks an overview map . Supplementing related content makes the entry more complete and can be upgraded quickly. Come on!
- Chinese name
- Correspondent banking system
- nickname
- Current banking system
- Meaning
- Refers to the agency agreement signed between the banks
- Features
- Bank agency relationship is mutual
- The correspondent banking system, also known as the correspondent banking system, refers to a system in which banks sign an agency agreement with each other and entrust the other bank to handle the designated business.
- The correspondent banking system, also known as the correspondent banking system, refers to a system in which banks sign an agency agreement with each other and entrust the other bank to handle the designated business. Generally speaking, the bank agency relationship is mutual, so they are each other's correspondent bank. Internationally, agency relations are very common. As for the domestic, the most developed agency system is the United States, which implements the unit banking system. It can be said that it is this agency system that resolves the contradiction of establishing branches. Even in countries with a head office system, there is an agency relationship between banks.