Correspondent banking
An arrangement where one bank, the correspondent, provides services such as wire transfers, currency exchange and trade finance to another, the respondent, enabling the respondent to serve its customers in a market…
This one is not written up yet
The definition above is the short version. A full explanation — how it works, a worked example and the exam traps — is still being written. In the meantime the chapter below covers it in context.
Written up from the same chapter
Where this is taught
Free preparation for NISM Series IFSCA-01← All terms