- Correspondent arrangement
The agent agreement for the international settlement. Especially, forex business needs to have a function to deliver the relevant local currency overseas, while such a bank has no current accounts in the local central bank. This agreement makes them easily possible to recover a bill, make a remittance, insure a letter of credit, and to operate for settlement besides their home country.
Acting intervention| Against| Arbitrage| Coordinated intervention| Correspondent arrangement| Counterparty| Cover| Credit line| ECB| Favor| FF rate| FOMC| Foreign Reserve| FRB| Hedge| Impact loan| Interbank markets| Intervention| Leads and lags| Lifting charge| Long| Marry| Nostro Account| Official Discount Rate| Outright| Overshoot| Plaza Accord| Position| Repatriation| Short| Speculation| Square| Stagflation| Swap| Tied loan| TTB rate| TTS rate| Vostro Account|