Correspondent banking is an arrangement where one bank (correspondent) holds deposits on behalf of the other bank (respondent bank) and offers payment and other services to the respondent banks. It is basically a bilateral agreement between the two banks to provide payment services to the respondent...
correspondent meaning, definition, what is correspondent: someone who is employed by a newspaper o...: Learn more.
First Tier Foreign Subsidiary means any Foreign Subsidiary that is a “controlled foreign corporation” within the meaning of Section 957 of the Code and the Equity Interests of which are owned directly by any Credit Party. Foreign Subsidiary Holding Company means any Subsidiary of the Company which...
According to IT security firm Kaspersky Lab, in 2013 an estimated 37.3 million users worldwide and 4.5 million Americans were the victim of phishing—or pharming—attempts, meaning payment details were stolen from hacked computers, smartphones, or website users. Report after report shows ...