- cash correspondent
- A financial institution that executes cash transfers on behalf of its clients.
Euroclear glossary. 2008.
Euroclear glossary. 2008.
cash correspondent — A financial institution that executes cash transfers on behalf of its clients. Euroclear Clearing and Settlement glossary … Financial and business terms
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cash and due from banks — A banking expression used to describe the total sum of assets represented by cash, funds on deposit with the Federal Reserve bank, funds on deposit with correspondent banks, and items in transit to those banks … Financial and business terms
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