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;

  • 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.

  • foreign financial institution means an institution registered as a foreign financial institution with the Ministry of Finance in the Mexican Banking and Financial Institutions, Pensions, Retirement and Foreign Investment Funds Registry for purposes of Article 195, Section I of the Mexican Income Tax Law.