Agency bank


 

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Agency bank

A form of organization commonly used by foreign banks to enter the US market. An agency bank cannot accept deposits or extend loans in its own name; it acts as agent for the parent bank. It is also the financial institution that issues ADRs to the general market.



Agency bank

Similar Matches

Federal agency bond

Federal agency bond

Fixed-income security issued by a government agency such as FNMA.


Agency costs

Agency costs

The incremental costs of having an agent make decisions for a principal.


Contributions Agency

Contributions Agency

An executive agency within the Inland Revenue. The Contributions Agency deals with all aspects of NI (National Insurance) contributions. The agency has locations throughout the country.


Fiscal agency agreement

Fiscal agency agreement

An alternative to a bond trust deed. Unlike the trustee, the fiscal agent acts as a representative of the borrower.


Agency cost view

Agency cost view

The argument that specifies that the various agency costs create a complex environment in which total agency costs are at a minimum with some, but less than 100%, debt financing.


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