Agency bank

 

Home
Site Map
Add Term
Search
About Us
Contributors

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

Multilateral Investment Guarantee Agency (MIGA)

Multilateral Investment Guarantee Agency (MIGA)

Agency established by the World Bank that offers various forms of political risk insurance to corporations.


Administrative agency

Administrative agency

A unit of government charged with the administration of particular laws. In the United States, those most important for administering laws related to international trade are the ITC and ITA.


Dual Agency

Dual Agency

The representation of opposing principals (buyer and seller) at the same time. In brokerage many states get around this by saying that the agent aids the buyer but is the agent of the seller only. A problem arises if both buyer and seller pay the broker, Then full disclosure must be made. An escrow agent is the agent of buyer and seller and usually paid by both. This is why an escrow agent must be neutral.


Agency

Agency

A business operated by an agent in conjunction with his/her principal.


Benefits Agency

Benefits Agency

An executive agency within the DSS (Department of Social Security), the Benefits Agency was replaced by Jobcentre Plus in April 2002. Jobcentre Plus issues benefits to those of a working age, and helps the unemployed to find a job.http://www.jobcentreplus.gov.uk


Further Suggestions

Fiscal agency services
Sole importing agency
agency securities
Credit reference agency
Agency securities
Federal agency securities
Central Intelligence Agency
Agency costs
Agency theory
Agency problem
Agency
Agency cost view
credit reference agency
Fiscal agency agreement
Federal agency bond
Agency incentive arrangement
Contributions Agency
federal agency security
Agency basis
Mercantile agency
Agency closing


 
All rights Reserved. Do not copy without permission.