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CORRESPONDENT BANK [10 records]

Record 1 2026-01-08

English

Subject field(s)
  • Loans
  • Foreign Trade
DEF

In a documentary credit, special clause included which allows. Her seller to obtain an advience from the correspondent bank to finance the manufacture or purchase of goods to be delivered under the documentary credit. Liability is assumed by the issuing bank rather than the corresponding bank.

OBS

It is called red clause because red ink used to be used to draw attention to the clause.

PHR

red clause letter of credit.

French

Domaine(s)
  • Prêts et emprunts
  • Commerce extérieur
DEF

En matière de crédit documentaire, clause particulière incluse à la demande du donneur d'ordre dans un crédit, et autorisant la banque notificatrice ou confirmatrice à effectuer des avances au bénéficiaire avant présentation des documents ou sur présentation de documents provisoires.

CONT

lettre de crédit comportant une clause rouge

OBS

Le terme «clause rouge» («red clause») vient du fait qu'autrefois la procuration donnée au correspondant bancaire de payer l'avance était écrite en rouge pour être mise en évidence.

OBS

Clause rouge : terme normalisé par le gouvernement de la France.

Spanish

Campo(s) temático(s)
  • Préstamos
  • Comercio exterior
DEF

En una carta de crédito documentario, cláusula que permite al beneficiario utilizar hasta el 100% del crédito antes de que se presenten los documentos de embarque e incluso antes de que se efectúe el embarque.

CONT

carta de crédito con cláusula roja

Save record 1

Record 2 2026-01-08

English

Subject field(s)
  • Banking
  • Foreign Trade
  • Negotiable Instruments (Commercial Law)
DEF

Form of irrevocable letter of credit whereby the correspondent bank of the issuing bank gives an undertaking to the beneficiary that payment will be made, provided that the beneficiary complies with the terms of the credit.

French

Domaine(s)
  • Banque
  • Commerce extérieur
  • Effets de commerce (Droit)
DEF

Lettre de crédit dans laquelle le correspondant bancaire garantit qu'il paiera la lettre de change du vendeur si la banque émettrice ne le fait pas.

CONT

[...] la lettre de crédit confirmée (ou avisée) par l'envoi d'un avis donnant le montant, la durée de validité de l'accord donné et le spécimen de la signature du client.

OBS

lettre de crédit: [...] lettre adressée par un banquier à une de ses succursales ou à un correspondant, pour l'inviter à payer une somme d'argent ou à consentir un crédit au porteur bénéficiaire.

Spanish

Campo(s) temático(s)
  • Operaciones bancarias
  • Comercio exterior
  • Instrumentos negociables (Derecho mercantil)
DEF

Carta de crédito en la que el banco local correspondiente da su propia garantía o seguridad de que cubrirá los fondos del giro del vendedor si el banco que lo emite no lo hace.

Save record 2

Record 3 2016-03-04

English

Subject field(s)
  • Banking
  • Financial Institutions
DEF

The reimbursement of a correspondent bank for a payment.

OBS

cover payment: term and definition standardized by the International Organization for Standardization (ISO) in 1993.

French

Domaine(s)
  • Banque
  • Institutions financières
DEF

Remboursement d'un paiement par une banque correspondante.

OBS

paiement de couverture : terme et définition normalisés par l'Organisation internationale de normalisation (ISO) en 1993.

Spanish

Save record 3

Record 4 2016-03-02

English

Subject field(s)
  • Banking
  • Financial Institutions
DEF

correspondent banks: Banks that have exchanged authorized signature lists and/or codes, and/or engaged in an exchange of services, and/or have an account or accounts with each other.

OBS

correspondent bank : The plural form of this term(correspondent banks) and the plural definition have been standardized by the International Organization for Standardization(ISO) in 1993.

Key term(s)
  • correspondent banks

French

Domaine(s)
  • Banque
  • Institutions financières
DEF

banques correspondantes : Banques ayant effectué un échange de listes de signatures autorisées, et/ou de codes, et/ou ayant conclu des accords de prestations de service et/ou ayant ouvert un ou des comptes l'une chez l'autre.

OBS

banque correspondante : Le terme au pluriel (banques correspondantes) et la définition au pluriel ont été normalisés par l'Organisation internationale de normalisation (ISO) en 1993.

Key term(s)
  • banques correspondantes

Spanish

Save record 4

Record 5 2013-04-22

English

Subject field(s)
  • Banking
  • Telegraphy
DEF

A method of transmission of funds by cable, telex or fax.

OBS

The remitting bank will send an authenticated message to its branch or correspondent abroad, to pay against identification, credit the beneficiary's account or advise and pay the beneficiary. Funds may be either in the remitting bank's currency, the receiving bank's currency, or any acceptable international currency.

French

Domaine(s)
  • Banque
  • Télégraphie

Spanish

Campo(s) temático(s)
  • Operaciones bancarias
  • Telegrafía
Key term(s)
  • giro cablegráfico
Save record 5

Record 6 2006-12-22

English

Subject field(s)
  • Investment
  • Stock Exchange
DEF

Instrument that allows trading of stocks on foreign exchanges when the country concerned will not allow foreign ownership of the stock of domestic firms. The shares are deposited with a bank in the country of incorporation and an affiliate or correspondent bank in other countries issues depositary receipts for the securities. They can then be traded on stock exchanges in the same way as other securities. Used, for example, in Korea.

French

Domaine(s)
  • Investissements et placements
  • Bourse
DEF

Certificat émis par un établissement bancaire, négocié sur les marchés internationaux représentant la propriété d'un nombre déterminé d'actions d'une sociétés d'un pays autre que celui de la banque émettrice.

Spanish

Campo(s) temático(s)
  • Inversiones
  • Bolsa de valores
Save record 6

Record 7 2003-05-26

English

Subject field(s)
  • Negotiable Instruments (Commercial Law)
  • Banking
  • Trade
CONT

When a correspondent bank located in the country of the exporter confirms a letter of credit to the exporter by obligating itself to pay or accept his drafts, the instrument is called a confirmed letter of credit.... An unconfirmed letter of credit does not give the exporter this additional security. Exporters insist on confirmed letters of credit when the foreign issuing bank is not well known.

French

Domaine(s)
  • Effets de commerce (Droit)
  • Banque
  • Commerce

Spanish

Campo(s) temático(s)
  • Instrumentos negociables (Derecho mercantil)
  • Operaciones bancarias
  • Comercio
Save record 7

Record 8 2002-10-07

English

Subject field(s)
  • Banking
DEF

An arrangement under which one bank(correspondent) holds deposits owned by other banks(respondents) and provides payment and other services to those respondent banks.

French

Domaine(s)
  • Banque
OBS

Pluriel d'usage dans ce contexte.

Spanish

Save record 8

Record 9 1997-10-09

English

Subject field(s)
  • Foreign Trade
  • Negotiable Instruments (Commercial Law)
DEF

A draft drawn by a bank on a foreign correspondent bank.

Key term(s)
  • foreign bill of exchange

French

Domaine(s)
  • Commerce extérieur
  • Effets de commerce (Droit)

Spanish

Campo(s) temático(s)
  • Comercio exterior
  • Instrumentos negociables (Derecho mercantil)
Save record 9

Record 10 1995-05-02

English

Subject field(s)
  • Occupation Names (General)
  • Stock Exchange
CONT

... the selling securities broker, including a correspondent broker, acting for a selling customer fulfils the securities broker's duty to deliver by delivering the security or a like security to the buying securities broker or to a person designated by the buying securities broker or by effecting clearance of the sale in accordance with the rules of the exchange on which the transaction took place. [Bank Act].

French

Domaine(s)
  • Désignations des emplois (Généralités)
  • Bourse
CONT

[...] le courtier vendeur, y compris son correspondant, agissant pour le compte du vendeur, satisfait à son obligation de livrer soit en livrant cette valeur ou une valeur semblable au courtier acheteur ou à la personne que celui-ci désigne, soit en effectuant la compensation de la vente en conformité avec les règles du marché boursier en question. [Loi sur les banques].

Spanish

Save record 10

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