Shell Financial Institution
An institution with which no correspondent relationship may be entered into at all, and whose indirect use of correspondent accounts must be prevented — two absolute prohibitions in the correspondent banking conditions.
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