FOREX CHANNEL > Forex glossary > Correspondent arrangement
Japanese Correspondent arrangement
- Correspondent arrangement
The agent agreement for the international settlement. Especially, forex business needs to have a function to deliver the relevant local currency overseas, while such a bank has no current accounts in the local central bank. This agreement makes them easily possible to recover a bill, make a remittance, insure a letter of credit, and to operate for settlement besides their home country.
Terms in general
Acting intervention|
Against|
Arbitrage|
Coordinated intervention|
Correspondent arrangement|
Counterparty|
Cover|
Credit line|
ECB|
Favor|
FF rate|
FOMC|
Foreign Reserve|
FRB|
Hedge|
Impact loan|
Interbank markets|
Intervention|
Leads and lags|
Lifting charge|
Long|
Marry|
Nostro Account|
Official Discount Rate|
Outright|
Overshoot|
Plaza Accord|
Position|
Repatriation|
Short|
Speculation|
Square|
Stagflation|
Swap|
Tied loan|
TTB rate|
TTS rate|
Vostro Account|
