Correspondent Banking

Respondent Bank

What is Respondent Bank A respondent bank is a financial institution that maintains an account with another bank, often referred to as a correspondent bank, to access banking services it cannot provide independently.

Global Dollar Transfer Process

What is the Global Dollar Transfer Process. The global dollar transfer process refers to the mechanisms and systems used to move US dollars between countries, banks and financial institutions across the world.

SHA (or Shared)

What is SHA (Shared) SHA, or shared, is a fee-sharing model in international bank transfers where the transaction costs are split between the sender and the receiver.

SWIFT Wire Trace

What is SWIFT Wire Trace A SWIFT wire trace is the process of tracking an international wire transfer sent through the SWIFT network to determine its status and location.

Correspondent Bank (CB)

What is Correspondent Bank. A correspondent bank is a financial intermediary that provides services on behalf of another bank; especially when the two institutions do not have a direct relationship.

Correspondent Tie up Agreements

What Are Correspondent Tie Up Agreements. Correspondent tie up agreements are formal arrangements between financial entities that allow one party to provide payment, payout, or settlement services on behalf of another when a direct operational presence or licensing is missing.

Correspondent Payment Network Options

What are Correspondent Payment Network Options. Correspondent Payment Network Options refer to the different structural models financial institutions and fintech companies use to move money across borders through intermediary banking partners.

Correspondent Banking Relationship (CBR)

What is Correspondent Banking Relationship.