An advising bank is the bank that receives the Letter of Credit (L/C) from the issuing bank and informs the beneficiary. This bank plays a crucial role in international trade by verifying the authenticity of the L/C and facilitating communication between parties.
An international bank based in Basel, the Bank for International Settlements was founded in 1930 to manage post-World War I reparations. Its evolving role now includes setting capital adequacy ratios and serving as a forum for central banks.
A comprehensive study of the Bank of Credit and Commerce International (BCCI), its rise, operations, collapse, and the ensuing scandal, shedding light on false bookkeeping, money-laundering, and regulatory inadequacies.
The Bank Identifier Code (BIC), also known as SWIFT code, uniquely identifies banks globally for international transactions.
A comprehensive exploration of correspondent banks, their roles, historical context, types, key events, significance, examples, and more.
Correspondent Banking refers to the arrangement where one bank provides services on behalf of another bank, primarily for international banking. This system includes services like Nostro accounts and involves partnerships between distinct financial institutions to facilitate global financial transactions.
The Eurodollar Market refers to the financial market for U.S. dollars held in banks outside the United States, facilitating international transactions and cross-border banking activities.
An in-depth look at the European Bank for Reconstruction and Development (EBRD), its history, functions, and impact on the transformation of Central and Eastern Europe and the former Soviet Union to market economies.
Foreign Branches are extensions of U.S. banks operating in other countries, regulated by local authorities, and participating in local financial markets.
Detailed explanation of IBAN, an international system for identifying bank accounts across national borders, including its structure, usage, historical context, and more.
A comprehensive examination of international banking, including historical context, key events, types, detailed explanations, models, charts, and its importance in the global economy.
A detailed exploration of International Banking Facilities, their history, types, significance, and impact on the global financial system.
A detailed explanation of Nostro Accounts, their functions, types, historical context, and their significance in international banking.
Offshore accounts are bank accounts held in a country where the depositor does not reside, frequently utilized for tax benefits, asset protection, and privacy.
A SWIFT Code is an internationally recognized bank code utilized to identify specific banks around the globe, essential for international monetary transactions.
A comprehensive overview of the Basel Accords, their purpose, development, amendments, and impact on global banking practices.
A correspondent in the financial context refers to an organization that regularly performs services for another organization within a market that may be inaccessible to the latter. This term is widely used in banking, where a correspondent relationship typically involves a depository component to cover expenses and streamline transactions.
A comprehensive exploration of Edge Act Corporations, their role in international banking services, formation, regulatory framework, and impact on the global financial landscape.
An overview of Eurobanking, which involves accepting deposits and making loans in multiple currencies rather than the host country's currency.
The Eurodollar is a U.S. dollar held as a deposit in a bank outside the United States, mainly in Europe, commonly used to settle international transactions.
A comprehensive guide on Eurodollar Certificate of Deposit (CD), a CD issued by banks outside the United States primarily in Europe, payable in U.S. dollars, with typical minimum denominations of $100,000 and maturities of less than two years.
An in-depth exploration of Money Center Banks, their significant role in global finance, their operations, and their influence on national and international markets.
An in-depth exploration of Basel III, including its objectives, key components, capital requirements, and implementation strategies to enhance regulation, supervision, and risk management in the international banking sector.
Explore the Eurocurrency Market, a key segment in global finance where currencies held outside their home countries are traded. Understand its definition, historical background, and various types of markets involved.
A comprehensive guide on the International Bank Account Number (IBAN), detailing its purpose, structure, applications, and benefits in global banking.
Comprehensive overview of International Banking Facilities (IBFs), their meaning, regulatory framework, benefits, historical context, and impact on global finance.
An in-depth exploration of Jurisdiction Risk, its types, implications in banking, money laundering, and terrorism financing. Understand the historical context, practical examples, and management strategies.
Detailed explanation of Nostro Accounts, their significance in international banking, and how they function.
