Foreign correspondent definition

Foreign correspondent means any of the following for which a Reserve Bank maintains an account: a foreign bank or banker, a foreign state as defined in section 25(b) of the Federal Reserve Act (12 U.S.C. 632), or a foreign cor- respondent or agency referred to in sec- tion 14(e) of that Act (12 U.S.C. 358).
Sample 1Sample 2
Foreign correspondent means a person stationed abroad for news coverage from the country or part of the country to which he is assigned.
Sample 1Sample 2Sample 3
Foreign correspondent means of a cash item as a cash item. A Reserve subpart: (ii) for a cash item. State law, any of the following for which a Reserve Bank may handle a bank draft or other unless a longer time is afforded by this Bank maintains an account: a foreign form of payment it receives in payment subpart: (iii) the rules or practices of any bonk or banker. a foreign state as of a noncash item as either a: cash item „ clearinghouse through which the item defined in section 25(b) of the Federal or a noncash item. was presented; and (iv) any special Reserve Act (12 LfcS.C. 632), or a fore^n (f) L iability o f R eserve Bank. A collection agreement under which the correspondent or agency referred to in Reserve Bank shall not be liable for the item w as presented:
Sample 1

Examples of Foreign correspondent in a sentence

  • The Company/Bank carries out international business through a Global Network of Foreign Correspondent Banks.

  • The Bank carries out international business through a Global Network of Foreign Correspondent Banks.

  • The other 5 addenda are optional and may be used in a combination of Foreign Correspondent Addenda and Remittance Information Addenda but may not exceed 5 total.

  • A Foreign Correspondent Bank is a Participating DFI in a foreign country that holds deposits owned by other financial institutions and provides payment and other services to those financial institutions.

  • This should enable the Bank to classify the risk level of its Foreign Correspondent Banking Customer in order to determine whether the entity falls within the Bank’s risk tolerance.

  • A Bank should implement policies, procedures and processes to address how the Bank will identify and review Foreign Correspondent Banking Customers and transactions that occur through their Correspondent Accounts for possible violations of U.S. sanctions laws.

  • In conducting such an examination, the Bank may request that the Foreign Correspondent Banking Customer provide details regarding the Foreign Correspondent Banking Customer’s customers and transactions.

  • Foreign Correspondent, Saboteur, Lifeboat and Notorious, which are film documents of world politics and history.

  • The Bank should strongly encourage its Foreign Correspondent Banking Customers to follow SWIFT standards in this regard.

  • On 5 October, the government refused to renew the work visa for Victor Mallet, Financial Times Asia Editor and Vice-President of the Foreign Correspondent Club.


More Definitions of Foreign correspondent

Foreign correspondent means a person stationed abroad for news coverage from the country
Sample 1

Related to Foreign correspondent

  • Qualified Correspondent Any Person from which the Seller purchased Mortgage Loans, provided that the following conditions are satisfied: (i) such Mortgage Loans were originated pursuant to an agreement between the Seller and such Person that contemplated that such Person would underwrite mortgage loans from time to time, for sale to the Seller, in accordance with underwriting guidelines designated by the Seller ("Designated Guidelines") or guidelines that do not vary materially from such Designated Guidelines; (ii) such Mortgage Loans were in fact underwritten as described in clause (i) above and were acquired by the Seller within 180 days after origination; (iii) either (x) the Designated Guidelines were, at the time such Mortgage Loans were originated, used by the Seller in origination of mortgage loans of the same type as the Mortgage Loans for the Seller's own account or (y) the Designated Guidelines were, at the time such Mortgage Loans were underwritten, designated by the Seller on a consistent basis for use by lenders in originating mortgage loans to be purchased by the Seller; and (iv) the Seller employed, at the time such Mortgage Loans were acquired by the Seller, pre-purchase or post-purchase quality assurance procedures (which may involve, among other things, review of a sample of mortgage loans purchased during a particular time period or through particular channels) designed to ensure that Persons from which it purchased mortgage loans properly applied the underwriting criteria designated by the Seller.

  • foreign company means any company or body corporate incorporated outside India which—

  • Correspondent means any insurer or other person appointed by one or more insurers with the approval of the Bureau of the country in which the person is established with a view to handling and settling claims arising from accidents involving vehicles for which the insurer or insurers in question have issued an insurance policy and occurring in that country;

  • Foreign corporation means a corporation for profit incorporated under a law other than the law of this state.

  • Foreign country means a country, including a political subdivision thereof, other than the United States, that authorizes the issuance of support orders and:

  • Foreign Credit Party means a Credit Party which is not a Domestic Credit Party.

  • Controlled Foreign Corporation means “controlled foreign corporation” as defined in the Tax Code.

  • Foreign Custodian means a bank or other financial institution (other than a Foreign Depository) located outside the U.S. which is utilized by the Custodian, in connection with the purchase, sale or custody of Securities or cash hereunder and is identified to the Fund from time to time by the Custodian.

  • Unrelated Person means any Person other than (i) a Subsidiary of Borrower or (ii) an employee stock ownership plan or other employee benefit plan covering the employees of Borrower and its Subsidiaries.

  • regulated person means a person whose collection activities are confined and are directly related to the operation of a business other than that of a collection agency including any of the following:

  • Foreign organization means an organization created under laws other than the laws of this state for a purpose for which an organization may be created under the laws of this state.

  • Foreign market vehicle means any motor vehicle originally manufactured outside the United States,

  • Foreign Securities System means an Eligible Securities Depository listed on Schedule B hereto.

  • Foreign Sub-Custodian means a foreign banking institution serving as an Eligible Foreign Custodian.

  • Issuing foreign country means the foreign country in which a tribunal issues a support order or a judgment determining parentage of a child.

  • Direct Foreign Subsidiary means a Subsidiary other than a Domestic Subsidiary a majority of whose Voting Securities, or a majority of whose Subsidiary Securities, are owned by the Borrower or a Domestic Subsidiary.

  • Designated Person means a person or entity:

  • international organization shall have the meanings set forth in Section 7701 of the Code or successor provisions.

  • Related Person means, with respect to any specified Person, such Person’s Affiliates, and the respective officers, directors, employees, agents, advisors and attorneys-in-fact of such Person and its Affiliates.

  • Controlled Affiliate means any Affiliate of the specified Person that is, directly or indirectly, Controlled by the specified Person.

  • Foreign Subsidiary means any Subsidiary that is not a Domestic Subsidiary.

  • First Tier Foreign Subsidiary means a Foreign Subsidiary, the Equity Interests of which are directly owned by the Borrower or a Domestic Subsidiary that is not a Subsidiary of a Foreign Subsidiary.

  • Foreign Subsidiary Holding Company means any Subsidiary the primary assets of which consist of Capital Stock in (i) one or more Foreign Subsidiaries or (ii) one or more Foreign Subsidiary Holding Companies.

  • Foreign with respect to an entity, means governed as to its internal affairs by the law of a jurisdiction other than this state.

  • Related Party Contract has the meaning set forth in Section 3.25.

  • Related Party(ies) means, with respect to any Person, such Person’s Affiliates, and the partners, members, shareholders, directors, officers, employees, agents, trustees and advisors of such Person and of such Person’s Affiliates.