Foreign bank branch definition

Foreign bank branch means a place of business of a foreign bank, located in any state, the District of Columbia, or a territory, or protectorate of the United States, that is not a foreign bank agency, bank, or out-of-state bank, at which deposits are received and that is established and operating as a branch of a foreign bank under this act, the international banking act of 1978, or the laws of another state.
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Foreign bank branch means an office in this State of a foreign bank that is exercising the powers authorized by § 1404(a) of this title.
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Foreign bank branch means a branch of a foreign bank licensed by the Central Bank to carry out banking business in Myanmar;
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Examples of Foreign bank branch in a sentence

  • Foreign bank branch is also suggested as second form of foreign banks entry with vote of 34%.

  • A : Foreign bank branch in Indonesia can receive Export Proceeds and withdrawal of DULN *) since it is including in Foreign Exchange Bank coverage as referred to in article 1.Note: *) DULN is abbreviation of Devisa Utang Luar Negeri or Foreign Exchange from External Debt, means foreign exchange acquired by an external debtor from withdrawal of External Debt.

  • OJK uses the term Domestic Systematically Important Bank (D-SIB) but has replaced the term with “systemic bank” in the current regulation.) Foreign bank branch offices must satisfy the Capital Equivalency Maintained Assets (CEMA) requirement, which is the fund that must be allocated in the bank’s financial assets.


More Definitions of Foreign bank branch

Foreign bank branch means a branch of a foreign commercial bank licensed to undertake commercial banking business in Thailand.
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Related to Foreign bank branch

  • Foreign Bank means an organization that (i) is organized under the laws of a foreign country, (ii) engages in the business of banking, (iii) is recognized as a bank by the bank supervisory or monetary authority of the country of its organization or principal banking operations, (iv) receives deposits to a substantial extent in the regular course of its business, and (v) has the power to accept demand deposits, but does not include the U.S. branches or agencies of a foreign bank;

  • UK Non-Bank Lender means (a) where a Lender becomes a party hereto on the day on which this Agreement is entered into, a Lender listed in Schedule 3.01(j), and (b) where a Lender becomes a party hereto after the day on which this Agreement is entered into, a Lender which gives a UK Tax Confirmation in the Assignment and Assumption and/or Joinder Agreement which it executes on becoming a party hereto.

  • Factory branch means a branch office maintained by a person for the sale of motor vehicles to

  • Branch of a company shall mean a place of business not having legal personality which has the appearance of permanency, such as the extension of a parent body, has a management and is materially equipped to negotiate business with third parties so that the latter, although knowing that there will if necessary be a legal link with the parent body, the head office of which is abroad, do not have to deal directly with such parent body but may transact business at the place of business constituting the extension.

  • Head Office means such office of the Company as the Directors may from time to time determine to be the principal office of the Company;

  • UK Financial Institution means any BRRD Undertaking (as such term is defined under the PRA Rulebook (as amended form time to time) promulgated by the United Kingdom Prudential Regulation Authority) or any person falling within IFPRU 11.6 of the FCA Handbook (as amended from time to time) promulgated by the United Kingdom Financial Conduct Authority, which includes certain credit institutions and investment firms, and certain affiliates of such credit institutions or investment firms.

  • Bank of America means Bank of America, N.A. and its successors.

  • Schedule III bank means an authorized foreign bank named in Schedule III of the Bank Act (Canada);