国际结算(杨娟著)英文1资料.ppt

Correspondent bank（代理银行） the basis for cooperation of commercial banks all over the world to fulfill international settlement “a bank having direct connection or friendly service relations with another bank.” Subsidiary bank（附属银行,子银行） When a bank cannot set up branch institutions abroad, it will generally buy all or most of the stocks of a foreign bank. Could do all the related business that local bank could work on. An independent bank Affiliate bank（联营银行） The stocks are processed by several investors in different countries and not a single investor in a particular country could own more than 50 percent stocks. An independent bank Consortium Bank （银团银行） A bank set up by several banks that may be headquartered in different countries. Consortium banks are commonly formed in Europe. A consortium is created to fulfill a specific project or goal or to complete deals, such as selling loans for a client in the loan syndication market. When the deal is completed, the consortium bank disbands. Correspondent bank Functions: Collecting checks, drafts, and other credit instruments; Making loan or investments as agents for their customer bank; Making credit investigations on firms that borrow in open market; Providing banks with foreign exchange facilities; Providing banks with funds/loans in case of need. Correspondent arrangement Control documents Specimen of authorized signatures（印签样本） Telegraphic test key/SWIFT authentic key (密押) Schedule of terms and conditions（费率表） Establishment of a correspondent bank Correspondent bank relationship and inter-bank account relationship Nostro (往帐) and vostro (来帐) account Inter-bank accounts Bank A Bank B Bank A Bank B Current a/c Current a/c Currency: bank B Currency: bank A Nostro: our a/c with you Vostro: you’re a/c with us Inter-bank account is similar to depositor open an account in a bank Here depositor is a depositor bank Samples of reimbursement methods eg: “In cover, we have credited the sum to your account