Correspondent Bank
nounid
2029·updated May 9, 2026verified
An institution, acting on behalf of other institutions, that can settle the checks they collect for other institutions (respondents) by using accounts on their books or by sending a wire funds transfers. Generally, a provider of banking and payment services to other financial institutions.
MWE
Attested in
No recorded attestations. They are written when an MWE tagging stage is completed, stamped with the pack version and the document’s digest.
Classifications
Entity Type
Organization85%llm-generatedllm:claude-haiku-4-5
Sensitivity
Regulated80%llm-generatedllm:claude-haiku-4-5
Information Class
unclassified
Variants
- plural
- Correspondent Banks
- possessive
- Correspondent Bank's
- pluralpossessive
- Correspondent Banks'
Framework definitions
Federal Financial Institutions Examination Council (FFIEC) IT Examination Handbook Infobase, Glossary1 senseview framework →
- §1
- An institution, acting on behalf of other institutions, that can settle the checks they collect for other institutions (respondents) by using accounts on their books or by sending a wire funds transfers. Generally, a provider of banking and payment services to other financial institutions.
- §1 · legacy_primary
- An institution, acting on behalf of other institutions, that can settle the checks they collect for other institutions (respondents) by using accounts on their books or by sending a wire funds transfers. Generally, a provider of banking and payment services to other financial institutions.DR-088 backfill from the noun definition column
Outgoing relationships
No outgoing triples
This term is not the subject of any RDF-style relationship yet.
Incoming relationships
No incoming triples
No other term currently asserts a relationship to this one.