A financial institution, bank, broker or dealer acting on behalf of another financial institution with limited access to the financial market where a specific Transaction needs to take place. A correspondent is generally a smaller financial institution without the necessary capital to make transactions on its own or set up an operation for such transactions.
Browse by Subjects
form letter
standard letter
See All Related Terms »

Bernanke, Ben
outright forward (NDF)
principal exchange rate linked securities (PERLS)