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 a depository account established with a financial institution designated or approved by Elan for the purpose of receiving or making payments and settling transactions pursuant to this Agreement.

Correspondent Account means an account established for a depository institution, credit union, or foreign bank.

Correspondent Account means a Clearing Participant’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 collection orders for the execution of liabilities upon clearing of a trade, in accordance with an agreement entered into with the Clearing House for cash settlement of trades with securities cleared by NSD. Post-trade clearing settlements using a Correspondent Account shall be made subject to the provisions of article 35 of these Clearing Rules.