What is correspondent bank relationship
Explain what you mean by Correspondent bank relationship.
Expert
Correspondent bank relationship is developed when two banks manage the correspondent bank account with each other. Correspondent banking system grants a mode for the bank’s MNC client in order to conduct the business globally through his local bank or its contacts.
Compute 30-, 90-, and 180-day forward cross exchange rates between German mark and Swiss franc by utilizing the most recent quotations. Specify forward cross-rates in “German” terms.
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