Correspondent Account means an account as that term is defined in 31 CFR 1010.605(c).

Correspondent Account means an account established to receive deposits from, make payments on behalf of a foreign financial in- stitution, or handle other financial trans- actions related to such institution.

Correspondent Account means an account established to receive deposits from, make payments on behalf of a foreign bank, or handle other financial transactions related to such bank.

Examples of Correspondent Account in a sentence

Foreign Bank hereby agrees to notify in writing each Covered Financial Institution at which it maintains any Correspondent Account of any change in facts or circumstances reported in this Certification.
No Correspondent Account maintained by a Covered Financial Institution may be used to indirectly provide banking services to certain foreign banks.
Foreign Bank hereby certifies that it does not use any Correspondent Account with a Covered Financial Institution to indirectly provide banking services to any foreign bank that does not maintain a physical presence in any country and that is not a regulated affiliate.
Foreign Bankhereby certifies that it does not use any Correspondent Account with a Covered Financial Institution to indirectly provide banking services to any foreign bank that does not maintain a physical presence in any country and that is not a regulated affiliate.
The Certification must list all of the branches and offices that are covered and must include the information required in Part C for each branch or office that maintains a Correspondent Account with a Covered Financial Institution.

More Definitions of Correspondent Account

Correspondent Account means a Clearing Participant’s / Clearing Participant’s Client’s correspondent account with the Central Bank of the Russian Federation (the “Bank of Russia”), with respect to which the Clearing House is authorized to submit requests for cash reservation and requests for discontinuance of cash reservation, receive information on cash reservations, and submit collection orders for the discharge of liabilities upon clearing of a trade, in accordance with an agreement entered into with the Clearing House for cash settlement of securities trades cleared by NSD.

Correspondent Account means an account established to receive deposits from, or make payments on behalf of, a foreign financial institution, or handle other financial transactions related to such institution.

Correspondent Account shall have the meaning set forth in Section 6.1(b).

Correspondent Account means an account which is opened in the interbank clearing and settlement system of the Bank of Estonia in the name of the account operator who is a credit institution and which is used for settlement of the settlement amounts of account operators.

Correspondent Account means an account established by a Bank for a Foreign Correspon- dent Banking Customer to receive deposits from, or to make payments or other disburse- ments on behalf of, the Foreign Correspondent Banking Customer, or to handle other financial transactions related to such Foreign Correspon- dent Banking Customer. For purposes of this definition, the term “account” means any formal banking or business relationship established

Correspondent Account means the deposit account established by Buyer with Seller to facilitate the settlement of amounts due to or from either party under the provisions of Sections 2.8.4, 2.8.8, and 2.8.12, and for which each party shall provide to the other sufficient documentation to identify the items to which required deposits to or withdrawals from this account pertain.