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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.
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The English beneficiary bank is Account with Institution.
Beneficiary in English is Beneficiary Customer.
