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Edge corporations |
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Edge corporationsSpecialized banking institutions, authorized and chartered by the Federal Reserve Board of Governors in the U.S., that are allowed to engage in transactions of a foreign or international character. They are not subject to restrictions on interstate banking. Foreign banks operating in the US are permitted to organize and own an edge corporation.Edge corporations Similar MatchesClearing corporationsClearing corporationsOrganizations that are affiliated with exchanges and are used to complete securities transactions by taking care of validation, delivery, and settlement. |
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