Lyons logo

CORRESPONDENT BANKING

A relationship entered into between a small bank and a big bank in which the big bank provides a number of deposit, lending, and other services.

Related Terms

WEB SERVICES

Web service is part of a SOAP architecture and is defined as “a software system designed to support interoperable machine-to-machine communication”.  

SDN LIST

The Specially Designated Nationals (SDN) List is a publication of OFAC which lists individuals and organizations with whom United States citizens and permanent residents are prohibited from doing business. A

SAFE HARBOR

Under SEC rules, safe-harbor provisions protect management from liability for making financial projections and forecasts made in good faith.