Correspondent Bank vs intermediary bank

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Looking on the internet deeply has found these results:

Correspondent Bank is the most popular phrase on the web. 

intermediary bank

1191,000 results on the web

Correspondent Bank

1311,000 results on the web

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Some examples and use cases from the internet:

Some examples and use cases from the internet:

  • EIH has been noted acting as the advising bank and intermediary bank in transactions with designated Iranian entities.
  • One important priority of the EIB is the provision of loans to SMEs from intermediary banks in Member States, which are used by 150000 businesses.
  • Banks can be reachable directly, indirectly through intermediary banks, or indirectly through links between infrastructures.
  • Intermediary banks should not be allowed to deduct fees.
  • In Member States where complete information cannot be transmitted for technical reasons, it will still be possible, acting jointly and with the consent of the bank of final destination, to hold intermediary banks accountable too.
  • RSFF will enable the European Investment Bank to expand, directly and indirectly (via its network of intermediary banks), its portfolio of loans to participants in such infrastructures.
  • While specific credit lines for ceramic companies are not available, it should be noted that the European Investment Bank provides loans to all SMEs through intermediary banks ().
  • according to the internal processes of the intermediary bank or other financial institution that the SME or small midcap applies to, using normal commercial criteria.
  • «(5) MT 202COV messages shall be used for making cover payments, i.e. payments made by correspondent banks to settle (cover) credit transfer messages which are submitted to a customer's bank by other, more direct means.
  • It may not always be easy for a credit institution to discover when a correspondent bank does so.
  • Central banks do not advance funds until they are certain that the counterparties' marketable assets have been received by the correspondent central bank.
  • Assets deposited with a correspondent central bank can only be used to collateralise Eurosystem credit operations.
  • deposit assets with correspondent central banks for the account of their home NCB using the CCBM procedures.
  • NCBs do not advance funds until they are certain that the counterparties' marketable assets have been received by the correspondent central bank.
  • In a pooling system, the counterparty is able at any time to provide the correspondent central bank with marketable assets for the account of the home central bank.
  • Where necessary to meet settlement deadlines, counterparties may be able to pre

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