A separately incorporated domestic bank owned entirely or in part by a foreign bank

The financing of large vessels for the purpose of transporting oil, containers, commodities such as coal and grain, and passengers

A bank draft that requires payment when the goods are received

The currency used as the international pricing currency for products traded in international markets

Banking in which transactions involve one or more parties that are located outside of the bank's home country

The Financial Action Task Force on Money Laundering, which examines and makes recommendations on action to combat money laundering

The structuring and finance of large-scale projects and developments, such as mines, property developments, hotels and resorts, sports stadiums, heavy industry developments and infrastructure projects such as roads, tunnels, bridges and rail projects

A foreign branch that has limited access to that country's domestic market

The possibility that a sovereign country as a borrower may become unable or unwilling to service its foreign obligations or meet guarantees of nongovernmental or private borrowings

A charter in which the operator rents the ship for a specifi c period and the owner bears the costs and risk

A bank draft that requires payment some time (usually 30, 60 or 90 days) after the goods are received

Floating-rate loans that allow banks to fund credits in the eurocurrency market at the beginning of the period and lock in a lending spread for the coming period. At the end of this period, the loan will again 'roll over' and be repriced for the subsequent period.

Offices established in a foreign country primarily to assist the parent bank's customers in that country

A business arrangement between two banks in which one (the correspondent bank) agrees to provide the other (respondent bank) with special services, such as cheque-clearing or trust department services

The simplest form of financing international trade, involving the importer paying for the goods only after they are received and title to them has been transferred

A charter in which the operating company is responsible for all operating, insurance and maintenance costs associated with the ship

Arrangements in which banks join together to provide the funds for loans and so directly reduce the risk exposure for each individual bank

The short-term financing of importing and exporting activities across the globe

The processing of the financial proceeds of criminal activities to disguise the illegal origin of the funds

The risk that domestic currency cannot be converted into foreign currency

Booking offices for bank transactions located abroad with no contact with the public and no staff

A financial instrument that provides an exporter with a written guarantee that a financial institution will honour payment once the goods have been delivered. Bank drafts are prepared by the exporter and sent to the importer as a request to pay before the actual export of the goods.

Country or sovereign risks that can result in financial claims of foreigners being repudiated or becoming unenforceable because of a change of government or in government policy, in a country

The shifting of operations to jurisdictions, regulators or countries with the least restrictive regulations

A form of loan in which several banks participate in funding a loan packaged by one or more lead banks

A legal and operational part of a parent bank operating in a foreign country