Search results for: “bank deposit”
-
Mbs Depository
A book-entry depository for GNMA securities. The depository was initially operated by MBSCC and is currently in the process of becoming a separately incorporated, participant-owned, limited-purpose trust company organized under the State of New York Banking Law….
-
International Depository Receipt (Idr)
A receipt issued by a bank as evidence of ownership of one or more shares of the underlying stock of a foreign corporation that the bank holds in trust. The advantage of the IDR structure is that the corporation does not have to comply with all the regulatory issuing requirements of the foreign […]
-
Federal Deposit Insurance Corporation (Fdic)
A federal institution that insures bank deposits….
-
Eurocurrency Deposit
A short-term fixed rate time deposit denominated in a currency other than the local currency (i.e. US$ deposited in a London bank)….
-
Eurobank
A bank that regularly accepts foreign currency denominated deposits and makes foreign currency loans….
-
Electronic Depository Transfers
The transfer of funds between bank accounts through the Automated Clearing House (ACH) system….
-
Depository Transfer Check (Dtc)
Check made out directly by a local bank to a particular firm or person….
-
Bank Collection Float
The time that elapses between when a check is deposited into a bank account and when the funds are available to the depositor, during which period the bank is collecting payment from the payer’s bank….
-
American Depositary Receipts (Adrs)
Certificates issued by a U.S. depositary bank, representing foreign shares held by the bank, usually by a branch or correspondent in the country of issue. One ADR may represent a portion of a foreign share, one share or a bundle of shares of a foreign corporation. If the ADR’s are […]
-
Agency Bank
A form of organization commonly used by foreign banks to enter the U.S. market. An agency bank cannot accept deposits or extend loans in its own name; it acts as agent for the parent bank….
-
Certificate Of Deposit (Cd)
Also called a time deposit, this is a certificate issued by a bank or thrift that indicates a specified sum of money has been deposited. A CD bears a maturity date and a specified interest rate, and can be issued in any denomination. The duration can be up to five years….
-
American Depositary Receipt (Adr)
A security issued by a U.S. bank in place of the foreign shares held in trust by that bank, thereby facilitating the trading of foreign shares in U.S. markets….
-
Fixed-Dollar Security
A nonnegotiable debt security that can be redeemed at some fixed price or according to some schedule of fixed values, e.g., bank deposits and government savings bonds….
-
Financial Services
Understanding on Commitments in Financial Services in Global Commerce Policy In this regard, understanding on commitments in financial services is: an adjunct to the GATS adopted by developed WTO members only. The entries on trade policy are here. It defines further how fair trade in financial […]
-
Financial Services
Understanding on Commitments in Financial Services in Global Commerce Policy In this regard, understanding on commitments in financial services is: an adjunct to the GATS adopted by developed WTO members only. The entries on trade policy are here. It defines further how fair trade in financial […]