A Korrespondenzbank is Kreditinstitut abroad, to whom domestic Kreditinstitut maintains a business relation. In particular in the foreign trade, for example with the completion of the exchange in foreign exchange, letters of credit or Dokumenteninkassi, correspondence banks are switched on for the redemption of foreign securities and in the trade with sorts.

Usually mutual bank accounts exist in the currency of the respective homeland for the completion of the exchange and lines of credit. An economic participation relationship is mostly not given. Across the mutual business assignment the Kreditinstiute leads frequently a reciprocity statistics.

Articles in category "Korrespondenzbank"

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