The differences between the ledger balances of a bank and those of a correspondent bank. Exceptions arise from respondent- correspondent...

A bank (the principal) which has an account with another bank (the agent, or the correspondent bank) that allows it to make payments...

A bank which acts as agent for another bank (known as the principal bank/ respondent bank) and offers that bank an account...

A bank which acts as agent for another bank (known as the respondent bank) and offers that bank an account through which it can make...

A bank (the principal) which has an account with another bank (the agent, or the correspondent bank) that allows it to make payments...