Offshore banking license definition

Offshore banking license means a li- cense to conduct banking activities that prohibits the licensed entity from conducting banking activities with the citizens of, or in the local currency of, the jurisdiction that issued the license.
Sample 1Sample 2Sample 3
Offshore banking license. ’ means a license to conduct banking activities which, as a condition of the license, prohibits the li- censed entity from conducting banking ac- tivities with the citizens of, or with the local currency of, the country which issued the license.
Sample 1Sample 2Sample 3
Offshore banking license. ’ means a license
Sample 1Sample 2

Related to Offshore banking license

  • Mobile Banking means the banking services accessible from the Device you have registered with us for Mobile Banking.

  • Europe means the European Union, the European Economic Area and/or their member states, Switzerland and the United Kingdom.

  • Public Finance Management Act ’ means the Public Finance Management Act, 1999 (Act No. 1 of 1999);

  • Local Banking Day means a day (other than a Saturday or Sunday) on which commercial banks are open for business (including dealings in foreign exchange and foreign currency deposits) in the place of presentation of the relevant Instrument or, as the case may be, Coupon.