What is correspondent bank relationship
Explain what you mean by Correspondent bank relationship.
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Correspondent bank relationship is developed when two banks manage the correspondent bank account with each other. Correspondent banking system grants a mode for the bank’s MNC client in order to conduct the business globally through his local bank or its contacts.
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It is, normally, not possible to fully remove both the translation exposure and transaction exposure. In some cases, eradication of one exposure will also eliminate the other. However in other cases, removal of one exposure really creates the other.
The following information is taken from the financial statements of an entity: 20x4 20x3 Property, plant and equipment $4,600,000 $4,200,000 Accumulated depr
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Source: O'Conner, G. C., T.R. Willemain, and J. MacLachlau, 1996. "The value of competition among agencies in developing ad compaigns: Revisiting Gross's model." Journal of Advertising 25:51-63. Modeling Cases
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