What is an English intermediary bank?

The English intermediary bank is the Intermediary Bank – is one of the intermediary institutions (Intermediary Institution).

An intermediary bank is a bank holding a Nostro account of a Vietnamese bank abroad. Correspondent Banks is Nostro Bank.

Nostro account is understood as an account of this bank opened at another bank to serve the professional activities of this bank.

What is an English intermediary bank?

Image source: medium.com

The English beneficiary bank is Account with Institution.

Beneficiary in English is Beneficiary Customer.


 


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